Question

Which are the various steps involved in designing accounting reports from accounting data?

• A. Definition of objective, Structure of the report, Querying with the database, finalising the report
• B. Definition of data, Structure of the data, Querying with the database, finalising data
• C. Definition of data, Structure of the report, Querying with the database, finalising report
• D. Definition of objective, Structure of the data, Querying with the database, finalising data

Answer 1

The correct option is A Definition of objective, Structure of the report, Querying with the database, finalising the report

The various steps involved in designing accounting reports from accounting data are as follows:
1) Definition of objective: The objective of the report must be clearly defined.
2) Structure of the report: The information to be contained therein and the style of presentation.
3) Querying with the database: The accounting information queries must be clearly defined and methodology to be adopted while interacting with the database.
4) Finalising the report.