Question

62) Explain specifically what is meant by the following statement: "Accountants can and should participate in all stages of the database design process." (4 points)

Answer 1

The role of accountants to a business organization has many facets. They always offer critical business related information like status of ledgers, balance sheets, profit loss, income statement, revenue and expenses and activities incurring higher and lowest cost with an organization.

They also know the secret of books of account to a business. Ultimately, they help in manifold ways to the designer of organizational specific database design. They can suggest valuable insights about what kind of general entries in terms of accounting information should be recorded by the organization. They can suggest tricky points to management through which any claim or other reimbursement can be verified. Accountants offer a no. of business related points which will help in designing the quality having software design for smooth and simplified databases.