Which TWO of the following can big data analytics be used for? To ensure decisions are based on data free from bias O To aid decisions on appropriate product development To inform management of what will happen in the future To forecast conditions which impact costs

Q: Discuss some specific examples in which information systems can reduce time lags and how the firm is…

A: Information system is a type of program or software which helps a firm in organising and analysing…

Q: How can CVP analysis be used by companies with multiple products?

A: Cost Volume Profit Analysis (CVP Analysis): This analysis is helpful in determining how any type of…

Q: What type of analytics would encompass creating Key Performance Indicators (KPI’s) from the…

A: Introduction: Customers are driven by key performance indicators (KPIs), which are used by…

Q: A. It is claimed that, despite the challenges, engaging with and utilising Big Data is crucial for…

A: Big data analytics assists businesses in harnessing their data and identifying new opportunities. As…

Q: In AIS, managing and carrying out the systems development life cycle to achieve an intended outcome…

A: The question is asking for the term used in Accounting Information Systems (AIS) to describe the…

Q: business analytics

A: Business analytics can be defined as the breakdown of past information so that future decisions can…

Q: Controls that measure variables that influence future profitability are called Select one: a. output…

A: Controls are necessary part to see whether the plans are going as per direction or not. The controls…

Q: Discuss the basic assumptions of CVP analysis and how we can use CVP analysis in making decisions as…

A: A managerial accounting technique called cost-volume-profit (CVP) analysis is used to examine the…

Q: What questions should managers answer when considering outsourcing?

A:

Q: Why does the high cost of the system negatively impact the organization's bottom line?

A: The question is based on the concept of bottom line of a company and its relationship with high cost

Q: Why financial analysis is made for evaluation of a system? How is it useful in design?

A: Financial analysis is a process where monetary based transactions such as capital projects,…

Q: 1. Why would a company use CVP analysis?

A: Cost-volume-profit analysis, or CVP, is something companies use to figure out how changes in costs…

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.