Who should be final decision in decision-making process

Assignment Help Accounting Basics
Reference no: EM13130881

Protecting the security and integrity of accounting data is part of the controller's responsibility. Because of the integration with the computer system, the IT department must be involved in this process. In your opinion, who should be making the final decision in the decision-making process regarding the security of accounting data, the controller or chief information officer? Explain.

Reference no: EM13130881

Questions Cloud

Probability that one is a republican followed by democrat : If two voters are randomly selected for a telephone survey, what is the probability that they one is a Republican followed by a Democrat? Round your answer to 4 decimal places.
Draw an e-r diagram with cardinalities of the store revenue : All disbursements and receipts are handled in the store’s main checking account. Draw an E-R diagram with cardinalities of the store’s revenue cycle.
What is the enthalpy of this reaction : total of 2.00 mol of a compound is allowed to react with water in a foam coffee cup and the reaction produces 149 g of solution. The reaction
Compounding interest on investment : You're trying to save to buy a new $170,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 5.3 percent interest on its accounts. how long will it be before you have enough to the buy the car?
Who should be final decision in decision-making process : Protecting the security and integrity of accounting data is part of the controller's responsibility. Because of the integration with the computer system.
Question on currency conversion : A television set sells for $1,000 U.S. dollars. In the spot market, $1 = 110 Japanese yen. If purchasing power parity holds, what should be the price (in yen) of the same television set in Japan?
Explain why nitration occurs more rapidly in a mixture : explain why nitration occurs more rapidly in a mixture of concentrated nitric and sulfuric acids than in concentrated nitric acid alone
Prepare a system flowchart of the company payroll process : he processing run results in a payroll register, employee paychecks and earning statements, and an error summary report, all on magnetic tape. Prepare a system flowchart of the company’s payroll process.
John-bob at risk for partnership : John-Bob's share of losses from Partnership Z during 2010 was $60,000. How much is John-Bob at risk for Partnership Z on January 1, 2011?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Data of company manufacturing overhead account

Hults Corporation has provided data regarding the company's Manufacturing Overhead account for month of November.

  Analyze four eras of business

Examine the four eras of business and make a prediction for what the next era will be like. Explain the rationale behind your prediction.

  Concept of annual gift tax exclusion

Gordon died on January 1 and by his will left land with an adjusted basis of $60,000 and a FMV of $100,000 to Becky. Becky disclaims the property on December 31 of the year of death, when the land was still worth $100,000. Becky has made a gift (b..

  Depreciating the equipment on a straight-line basis

At the date of transfer the land and equipment had fair values of $72,000 and $65,000, respectively. Gleason had been depreciating the equipment on a straight-line basis over ten years with no salvage value.

  Net cash from operating activities

Why may net cash flow from operating activities on the cash flow statement be different from the amount of net income reported on the income statement?

  Homeowner interest tax credit

What are the pros and cons of this tax credit? Why is this issue of any interest to the NAHB?

  Is the related lease finance or operating lease

If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?

  How does discrete presentation differ from blending

Many public universities are quite similar to their private counterparts. Indeed, some large state universities receive less than 25 percent of their resources from the state. How, then, can you account for the substantial differences in their rep..

  Determine consolidated net income-transfer prices

Slagle Corporation is a large manufacturing organization. Over the past several years, it has obtained an important component used in its production process exclusively from Harrison, Inc., a relatively small company in Topeka, Kansas. Harrison ch..

  Determine the total of each production cost incurred

Winfrey Co.'s March 31 inventory of raw materials is $ 150,0000. Raw materials purchases in April are $ 400,000, and factory payroll cost in April $220,000.

  Budgeted variable overhead cost rate

What is the budgeted variable overhead cost rate per output unit? What is the flexible-budget amount for variable manufacturing overhead? What is the flexible-budget variance for variable manufacturing overhead?

  Present value-an important concept for management

Why do you think present value is an important concept for management to understand? Do you think it should be used for all financial statements items, why or why not?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd