Author Question: The control goal of ensure ______________________________ strives to prevent fictitious items from ... (Read 41 times)

Garrulous · **on:** Jul 5, 2018

The control goal of ensure ___________________ ___________ strives to prevent fictitious items from entering an information system.
Fill in the blank(s) with correct word

Question 2

What are the four financial statements? What information does each provide?

What will be an ideal response?

trampas · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

input validity

Answer to Question 2

The four financial statements are the balance sheet, income statement, statement of changes in shareholders' equity, and statement of cash flows. The balance sheet shows assets, liabilities and shareholders' equity at a specific point in time. The income statement presents revenues minus expenses for an accounting period. The statement of changes in shareholders' equity explains the change in the shareholders' equity balances. It presents the beginning balance of retained earnings, to which net income is added or net loss is subtracted, then dividends are subtracted in order to determine the ending balance. It also shows changes in contributed capital. The statement of cash flows shows the amounts of cash coming into or going out of a business. Transactions are organized into operating, investing, and financing activities.