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Match Each Statement with the Most Appropriate Item

Question 26

Matching

Match each statement with the most appropriate item.

Premises:
Associated most closely with general ledger software.
Capable of producing general purpose financial statements.
Closely associated with the steps in the accounting cycle.
Connected most closely with enterprise resource planning systems.
Facilitates decision making by non-accountants.
Inherently relies on debits and credits.
Never relies on information technology.
Provides information for making decisions.
Separation of duties not required.
Source documents are paper-based.
Responses:
Event-driven systems only.
View-driven systems only.
Both event- and view-driven systems.
Neither event- nor view-driven systems.

Correct Answer:

Associated most closely with general ledger software.
Capable of producing general purpose financial statements.
Closely associated with the steps in the accounting cycle.
Connected most closely with enterprise resource planning systems.
Facilitates decision making by non-accountants.
Inherently relies on debits and credits.
Never relies on information technology.
Provides information for making decisions.
Separation of duties not required.
Source documents are paper-based.
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