Author Question: A logic bomb is a computer abuse technique in which unauthorized code is inserted in a program, ... (Read 151 times)

Pea0909berry

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A logic bomb is a computer abuse technique in which unauthorized code is inserted in a program, which, when activated, may cause a disaster such as shutting down a system or destroying data.
  Indicate whether the statement is true or false

Question 2

Discuss the qualities of accounting information.
 
  What will be an ideal response?



Dinolord

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Answer to Question 1

T

Answer to Question 2

Usefulness is the most important characteristic of accounting information. Useful information is relevant to the decision maker. In other words, it makes a difference in making decisions. Information must be reliable. This means that it must be verifiable or based on some sort of documentation. The information must be accurate and truthful. Useful information must be comparable across different companies. Therefore, accountants and companies follow GAAP reporting rules. When all companies follow the same reporting rules, then information can be compared among companies and industries. Useful information should be consistent. This means that accountants and companies have to follow the same reporting rules across time.



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