Describe cloud computing and explain how it is similar to obtaining commodity products? Why is it important to organizationally separate the accounting function from the other functions of the organization? what is an external financial audit, and what are the sources of audit evidence? Why do firms outsource their IT functions? Explain the options of traditional IT outsourcing and cloud computing, and how they differ.

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Q: explain on how cloud accounting can help in integrating with other departments like payroll, audit,…

A: Following is the answer to given question

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A: Solution- Data inconsistency is a situation where there are multiple tables within a database that…

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Q: Which of the following is a characteristic of Managerial Accounting? A) Users include investors and…

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A: Computerized Accounting System:It is an accounting information system that processes financial…

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A: Introduction:In 21st century, the business world is consumed more and more by E-business. While the…

Q: .  a. Why are documentation, visualization, and business process mapping important to accounting…

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Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.