Discuss the advantages of Transaction Authorisation Code (TAC) used for online banking.

Q: External user group, often referred to as financial intermediaries. What does they include in their…

A: A financial Intermediary typically serves as a linkage between the person who has the capital and…

Q: What are the primary stages and controls in the accounts payable transaction cycle, from receiving…

A: The accounts payable transaction cycle refers to the series of processes and activities involved in…

Q: The following are examples of a partial online offer of the “Transaction Business Model”, except:…

A: Innovation in communication and in technology have changed the desires of the people as well as how…

Q: List internal control procedures related to e-commerce.

A: E-commerce: E-commerce is one form of business transactions made with the help of electronic…

Q: When does an accounting information system becomes useful?  What is the relevance of having…

A: 1.When does an accounting information system becomes useful? 2. What is the relevance of having…

Q: how cloud accounting can benefits accounting department?

A: Cloud accounting is a kind of accounting software which can be used remotely via internet in…

Q: Which kind of online trade are the most common? Example:

A: Online trade is a method that facilitates buying and selling financial instruments like equities,…

Q: which of the following banking-related systems considered as a core system: Select one: O. a. All of…

A: There are various core systems.

Q: 1. What are the advantages of the use of a ledger? 2. What are the steps in posting from Journal to…

A: Introduction:- Ledger is a collection of all accounts debited and credited in the journal. It assist…

Q: s an information syste

A: Accounting Information Systems helps to perform the tasks in the job of Budget Analysis. An…

Q: Which of the following assets require the strongest of internal controls?A. inventoryB. credit…

A: Internal control procedures are those techniques and procedures which are established for the…

Q: What is the importance of recording business transaction?

A: Business Transactions are the transactions carried out in the business in the financial year. It…

Q: What is a double-entry bookkeeping system?

A: The accounting is a process to classify the transactions, record the transactions and prepare the…

Q: Identify the following users as either an internal (I) or an external (E) user. Creditor

A:

Q: In networking, what is the main function of a router?A) To connect multiple networks and route data…

A: In computer networking, a router is a device that forwards data packets between computer networks.…

Q: What is E-commerce?  Differentiate between E-commerce and E-business.  Define Cipher.  Define the…

A: a) E-Commerce E-Commerce  or Electronic commerce refers to that business model that allows the firm…

Q: Which of the following provides a decentralized database or digital ledger of transactions that…

A: A distributed ledger database is consensually synchronized and shared across various sites,…

Q: HOW DOES A BLOCKCHAIN PROVIDES DECENTRALIZD DECISON -MAKING IN FINANCIAL TRANSACTIONS?

A: Blockchain is a mechanism that facilitates digital transactions such as recording transaction…

Q: How do you generate a supplier invoice summary listing

A: A supplier invoice is a document that a supplier sends to a buyer to request payment for goods or…

Q: Which of the following events would be LEAST likely to be modeled in an REA diagram?a. customer…

A: Definition: REA model: The graphical representation which shows the re-engineered accounting system…

Q: Define risk in an electronic commerce setting.

A: E-Commerce:   E-Commerce also refers to electronic commerce or internet commerce where buying and…

Q: What is open-end credit and give and example

A: Open-end credit is a type of loan which is approved between the borrower and the financial…

Q: Which is better and accurate; manual or * ?computerized accounting system and why

A: Manual accounting system involves physical registers, books of accounts and vouchers for recording…

Q: How to create an E-commerce  business plan?

A: E-commerce is the trading activity where the buyer and seller of the companies would be interacting…

Q: Which of the following provides a decentralized database or digital ledger of transactions that…

A: A decentralized database or digital ledger of transactions that everyone on the network can see is…

Q: Why is accounting referred to be an information system? Explain with an example from your own point…

A: Information system is a system which is designed to collect, store and process information for the…

Q: Why do we (businesses) need payment card industry data security standards? Why do we, accountants,…

A: Accounting information system: Accounting information system can be defined as the computer system…

Q: A digital structure that stores transactional records in a digital ledger is known as None Crowd…

A: A digital structure that stores transactional records in a digital ledger is known as Block chain…

Q: What represents a company’s primary means of cummunicaying information to external users?

A: First of all, we need to understand who are external users- these are the people who are interested…

Q: What is the purpose of a bookkeeping system?

A: This question explains about the purpose of a bookkeeping system

Q: What is the name of the language for electronic communication of business data that allows companies…

A: Companies, especially listed companies like P&G, GE, etc., have to ensure that their financial…

Q: Differentiate between a remittance advice and a customer invoice within the sales process of an…

A: Accounting exchanges are those exchanges that legitimately influence the financial statements of a…

Q: Discuss how technology based information systems affect accounting

A: Accounting:-It is a record of financial data in a sorting, summarizing, and in a presentation format…

Q: Benefits of Big data to Fintech services include   O a. Personalisation of Services   O b.…

A: Big Data is a massive collection of data that continues to grow dramatically over time. Fintech is…

Q: Answer the following questions to ponder: 1. When does an accounting information system becomes…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Internal Controls Plan - Blockchai What type of accounting processes could benefit from Blockchain…

A: In business, internal control is the set of rules, regulations, and practices that a company has…