Question 2 Required Discuss generally why accountants need to understand data representation, basic data structures and coding schemes.

70.2K

Verified Solution

Question

Accounting

Question 2
Required
Discuss generally why accountants need to understand datarepresentation, basic data structures and codingschemes.

Answer & Explanation Solved by verified expert

4.0 Ratings (611 Votes)

Database technology does permit abandonment of double entry but there will likely be great resistance to such a radical change Thus students choosing this option need to present reasons why they think such a radical change would succeedThere is a good possibility that double entry will remain even in databases due to inertia Indeed many modern AIS such as ERP systems use databases but also retain the principles of double entryThe use of a schema for accountants seems quite plausible It does eliminate the redundancy of double entry from the database system yet it still provides a framework familiar and useful to accountants and financial analysts Information about the attributes of a customer such as name and address are stored in fields Fields contain data about one entity eg one customer Multiple fields form a record A set of related records such as all customer records forms a file eg the customer file A set of interrelated centrally coordinated files forms a database Databases are possible because of their database management system DBMS The DBMS is a software program that sits between the actual data stored in the system and the See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member