POS stands for Point of Sale. List the benefits they have over traditional data collecting methods.

Q: __is a necessary element for the successful warehousing of data EXCEPT

A: The Answer

Q: What's the related cost of implementing database system?

A: This question explains about  the related cost of implementing database system.

Q: Compare and contrast the following techniques based on costs and benefits:a. test data methodb. base…

A: Costs: Costs are the cash expenses that are spent by individuals to buy an asset and pay for…

Q: Which statement is NOT true? a. Drill-down capability is an OLAP feature of data mining tools…

A: Enterprise Resource Planning: ERP refers to the software of business process management which…

Q: what factor influences the decisions to employ real time data collection with batch updating rather…

A: Transaction process system:   Transaction process system can be defined as a system designed to…

Q: How can data analysis be used to identify stakeholders?

A: Stakeholder analysis involves the study of identifying, collecting, and analyzing data on different…

Q: Using the following statement above, use Horizontal Analysis and analyze the data that are given…

A: Accounting is the process of recording, classifying and summarising accounting information. The…

Q: What flat-file data management problems are solved as a result of using the database concep

A: Database Management:   Database management refers to management of databases held within an…

Q: This chapter stressed the importance of data normalization when constructing a relational database.…

A: Data warehousing is a method through which an organization collects and manages the data from the…

Q: What do you mean by Count Data? When it arises?

A: Count data:  Count data is a kind of statistical data, in which the observations might only consider…

Q: What document is used to determine which tables of data are necessary?

A:

Q: How can spreadsheet software, such as Excel, help with sensitivity analysis?

A: Sensitivity analysis: The method used to evaluate and analyze the various reasons for achieving the…

Q: Descriptive statistics consists of methods for organizing, displaying, and describing data by using…

A: A data set in original form usually very large, consequently such data is not very helpful in…

Q: How will you collect, classify and present statistical data?

A: For statistical analysis, there are several methods used to gather or collect data. Three of the…

Q: You are required to find the data and

A: Return on Assets is Financial Ratio.which provides information about how much profit can be generate…

Q: What is a semantic data model?

A:

Q: What are the three general problems associated with data redundancy?

A:

Q: The database language that allows you to access or maintain data in a database is

A: DCL , DDL ,TCL and DML are 4 groups of SQL commands  that perform different functions. DML ( Data…

Q: Which of the following statements is not correct?   a.The database approach uses one common database…

A: A systematic and structured collection of data that is generally stored in a computer is known as a…

Q: What is meant by volatility clustering? Briefly describe two models that areused to describe data…

A: When the large changes in financial asset prices are bundled together that further leads to results…

Q: In a data visualization, the vertical axis typically shows __________.   Multiple Choice   values…

A: A column chart will include data labels along the horizontal (X) axis with measured metrics or…

Q: What are the levels of data hierarchy?

A: Accounting Information System:   This refers to a system that is adopted by an organization to…

Q: The Financial position graph is suitable for Select one: O a. Data Input O b. Data Process O c.…

A: Financial Position depicts the position and status of recorded assets, liabilities, and equity of…

Q: rofitability) Alpha buys bottled watem se. The data pertain

A: When the resources are limited and the demand is higher than the supplies, customer profitability…

Q: Identifying the condition of the data is part of which task?   A. Performing a data audit B.…

A: Identifying the data means you are in a search of some information that is useful for you.

Q: One of the first steps in the creation of a relational database is toa. integrate accounting and…

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…

Q: What is a data flow diagram? What are the different levels from most general to most detailed? Draw…

A:

Q: What is Xero Accounting Software?

A: Accounting software are the kind of applications that are used for preparing the accounting books…

Q: In the flat-file data management environment, users are said to own their data files. What is meant…

A: Definition: Database management: Database management refers to the management of databases held…

Q: What factor influences the decision to employ real-time data collection with batch updating rather…

A: Definition: Transaction process system: The transaction process system can be defined as a system…

Q: Explain how the E-R diagrams is used to prepare database tables. Also, include explanation of…

A: ER diagram stands for "Entity Relationship", which can be defined as a type of flowchart that is a…

Q: Why are denormalized tables used in data ware-houses?

A: Data Warehouse:   Data warehouse is also termed as enterprise data warehouse. It can be defined as…

Q: Why the design of a table or a form is important? Why accountant has to have sufficient knowledge…

A: Ans 1. Designing of the forms used to impact an overall user experience, when an user actually gets…

Q: What is a data dictionary, and what purpose does it serve?

A: Return on investment (ROI):   Return on investment evaluates how efficiently the assets are used in…

Q: Accountants at an organization that uses an ERP system speak in terms of "data flows" between…

A: Here is the Answer:

Q: If an organization processes large numbers of transactions that use common data records, what type…

A:

Q: Outline the traditional problems associated with the flatfile model that are resolved by the…

A: Flat File:   Flat file is a model in which data is structured and formatted in such a way that…

Q: Explain the relationship between the three levels of the data definition language. As a user, which…

A:

Q: Data in a data warehouse are in a stable state. Explain how this can hamper data mining analysis.…

A:

Q: As an accountant, why would you need to be familiar with data normalization techniques?

A:

Q: Which of the following is an option for consolidating data into one table or worksheet? Use the…

A: This is a Multiple Choice Question in which we have to select the correct option.

Q: __________ data has a meaningful distance between data points. Multiple Choice Ordinal Interval…

A: Interval means the difference between the two date.

Q: Compare and contrast the difference between the retrospective analytics approachand the predictive…

A: Retrospective analytics approach is a process of finding the useful data in order to evaluate what…

Q: Does a hash total need to be based on a financial data field? Explain.

A: Internal controls are referred to as the controls that an organization establishes to check the…

Q: Each of the following is a necessary element for the successful warehousing of data EXCEPT a.…

A: Data warehouse:   Data warehouse refers to a database which helps in making business decisions. The…

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.