Although HTML and XML documents look very similar, and both use tags, explain how they differ significantly as a financial reporting medium.

Q: Define financial data.

A: Financial Data means the unaudited salary explanations identifying with activity of the property for…

Q: Name the two types of ledgers.

A: Two types of ledgers are: General ledger Subsidiary ledger

Q: Describe direct and indirect mehods of reporting.

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…

Q: Define financial intermediary

A: A financial intermediary is a firm that goes about as an agent in a money related exchange between…

Q: Explain why consistency is important in financial reporting.

A: Consistency in Financial reporting means applying the same accounting principles, methods and…

Q: What is the relationship between a database table and a user view?

A:

Q: Explain why the data warehouse needs to be separate from the operational database.

A: Data Warehousing:   Data warehousing is a method through which an organization collects and manages…

Q: Credit and collection management is also known as RCM. What is RCM and its meaning

A: credit and collection management is that term mostly used in the accounting for goods and services…

Q: Definition of cloud accounting

A: The answer is provided as follows:

Q: Accounting and Accounting theory are deeply rooted in  general systems theory. Discuss

A: A framework of collecting and organizing a set of elements to achieve a common objective is known as…

Q: How are system flowcharts and program flow charts related? (this is related to accounting…

A: System flowcharts refer to the concept of showcasing the whole route of data flows in a system and…

Q: What does data cleansing mean?

A:

Q: What is a data dictionary?

A: Dictionary is the storage of words of a language where the equivalent meanings of the words can be…

Q: What is the role of the data Librarian?

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: What information is required in a proxy statement?

A: A proxy statement is a document containing the information the Securities and Exchange Commission…