How is backup of database files accomplished?
The destructive update approach leaves no backup copy of the original master file. Only the current value is available to the user. To preserve adequate accounting records in case the current master becomes damaged or corrupted, separate backup procedures must be implemented.
Prior to each batch update or periodically (for example, every 15 minutes), the master file being updated is copied to create a backup version of the original file. Should the current master be destroyed after the update process, reconstruction is possible in two stages. First, a special recovery program uses the backup file to create a pre-update version of the master file. Second, the file update process is repeated using the previous batch of transactions to restore the master to its current condition. Because of the potential risk to accounting records, accountants are naturally concerned about the adequacy of all backup procedures.
You might also like to view...
List at least three nontax reasons that you might suggest to your client Chan that she should consider shifting some income and assets to a trust.
What will be an ideal response?
The department within a company that records, measures, and reports monetary transactions is called ________.
A. Marketing B. Accounting C. Human resources D. Operations management
Wigs and Torys Plc. is a leading operator of pubs and pub restaurants in the United Kingdom. It operates and franchises about 10 wine restaurants under the name Bottoms Up Bar, primarily in London. Suppose that in contracting with a franchisee of an Bottoms Up Bar wine restaurant, Wigs and Torys agrees to provide services, including site selection, décor design, marketing, advertising, and
recruiting; and the franchisee agrees to pay Wigs and Torys £100,000 . It is common in the industry to permit the franchisee to pay in equal installments over several years. When should Wigs and Torys recognize revenue from the franchisee contract? a. at the time Wigs and Torys Plc. signs the contract with the franchisee b. as the cash is received by Wigs and Torys from the franchisee c. as the income is earned by Wigs and Torys d. at the end of the franchise period e. half should be recognized when Wigs and Torys Plc. signs the contract with the franchisee and the other half after all the installments are received
A debenture bond has less risk to the bondholder than a secured bond
Indicate whether the statement is true or false