Business Finance
Saudi Electronic University Accounting Data and Flow Diagrams Questions

Saudi electronic university

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Can you help me understand this Accounting question?

Need a hand with Accounting assignment , requirements are Avoid plagiarism with a proper referencing in APA style

All other requirements are listed on the attached file please have a look before.

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Assignment 1  The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.  Assignments submitted through email will not be accepted.  Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.  Students must mention question number clearly in their answer.  Late submission will NOT be accepted.  Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.  All answered must be typed using Times New Roman (Size 12, Double-Spaced) font. No pictures containing text will be accepted and will be considered plagiarism).  Submissions without this cover page will NOT be accepted. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1. Data is raw, unorganized fact that need to be process. Whereas Information is the processed data. Keeping this fact in view provide at least two examples of Data and Information. Marks) (1.5 2. The Quality of information that assures that information is reasonably from error and bias and faithfully represents what is purports to represent. How can you make the information free from errors? (1.5 Marks) 3. Explain the four basic elements of ‘Data Flow Diagram’ in your own words. (1 Mark) 4. What are the various types of Flow Chart? Explain them in your own words.(1 Mark) ...
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Assignment 1
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ANSWER:
Question 1: Data and Information
Data and information are different terms that people use interchangeably. However, data
refers to the raw facts, numbers, images, values, and symbols that do not have a meaning and
need processing or analysis to make it useful (Surbhi, 2018). On the other hand, information
refers to the data that have been processed, organized, and structured to give it meaning, make it
reliable and useful to people. In this case, information makes sense when it fits the context.
There are many examples of data and information. For instance, a list of dates on a
spreadsheet makes up data. When the data gets a supporting explanation, it becomes information
(Badia, 2014). A list of marks in a test is data, while a student's name alongside the marks makes
it information since it shows what each student scored. Also, the average mark gives information
about what the whole class scored. Another example of data is collecting numbers about the
people present in a given country, city, or community. However, it becomes data when the data is
organized into males, females, and age. Lastly, numbers showing readings of rainfall on a rain
gauge is data. To analyze this data into the period, the readings were collected, and organizing it
to show whether the rainfall is rising or falling over time makes it information.
Question 2: Making Information Free from Errors
Ensur...

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