Match each word or phrase with the best description of it. Descriptions Words / Phrases related to computerized accounting systems a. Allows multiple users to access the system at the same time. Audit trailInternal controlNetwork-compatibleEnterprise resource planning systemsEntry-level software b. Enables the tracking of all transactions. Audit trailEnterprise resource planning systemsEntry-level softwareNetwork-compatibleInternal control c. Identifies suspicious transactions or likely mistakes such as wrong account numbers or duplicate transactions. Audit trailInternal controlEntry-level softwareEnterprise resource planning systemsNetwork-compatible d. Large-scale computer systems that integrate all aspects of the organization including accounting, sales, human resource management, and manufacturing. Entry-level softwareEnterprise resource planning systemsNetwork-compatibleAudit trailInternal control e. System for companies with revenues of less than $5 million and up to 20 employees. Internal controlEntry-level softwareEnterprise resource planning systemsNetwork-compatibleAudit trail

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Match each word or phrase with the best description of it.

	Descriptions	Words / Phrases related to computerized accounting systems
a.	Allows multiple users to access the system at the same time.	Audit trailInternal controlNetwork-compatibleEnterprise resource planning systemsEntry-level software
b.	Enables the tracking of all transactions.	Audit trailEnterprise resource planning systemsEntry-level softwareNetwork-compatibleInternal control
c.	Identifies suspicious transactions or likely mistakes such as wrong account numbers or duplicate transactions.	Audit trailInternal controlEntry-level softwareEnterprise resource planning systemsNetwork-compatible
d.	Large-scale computer systems that integrate all aspects of the organization including accounting, sales, human resource management, and manufacturing.	Entry-level softwareEnterprise resource planning systemsNetwork-compatibleAudit trailInternal control
e.	System for companies with revenues of less than $5 million and up to 20 employees.	Internal controlEntry-level softwareEnterprise resource planning systemsNetwork-compatibleAudit trail

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