Matching
Indicate whether each of the following statements applies to:
Premises:
Subject to internal controls
Requires analysis
Primarily involves cyclical activities
Involves human judgment
Focuses on economic information
Defined by American Accounting Association
Concerned with measuring
Can incorporate computers
Can be principles-based
Always involves information technology
Responses:
accounting alone
bookkeeping alone
both accounting and bookkeeping
neither accounting nor bookkeeping
Correct Answer:
Premises:
Responses:
Subject to internal controls
Requires analysis
Primarily involves cyclical activities
Involves human judgment
Focuses on economic information
Defined by American Accounting Association
Concerned with measuring
Can incorporate computers
Can be principles-based
Always involves information technology
Premises:
Subject to internal controls
Requires analysis
Primarily involves cyclical activities
Involves human judgment
Focuses on economic information
Defined by American Accounting Association
Concerned with measuring
Can incorporate computers
Can be principles-based
Always involves information technology
Responses:
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