Accounting system What is metadata, and what is an accounting application of it?

Question

Accounting system What is metadata, and what is an accounting application of it? Toward Effective Big Data Analysis in Continuous Auditing states, "[T]he revenue amount for a given sale can be easily identified by the continuous auditing system, but it can be challenging to automatically connect this information with the associated sales terms and conditions which are in an unstructured text format." Which 'V' of Big Data causes this difficulty, and how can NoSQL databases overcome this problem? Explain cloud computing. What is segregation of duties, and how is it implemented in a digital environment? BONUS: Define business-led IT.

Explanation / Answer

Answer:1

Metadata is data that describes other data. Meta is a prefix that in most information technology usages means "an underlying definition or description."

Metadata summarizes basic information about data, which can make finding and working with particular instances of data easier. In addition to document files, metadata is used for images, videos, spreadsheets and web pages. The use of metadata on web pages can be very important.

The maturity of metadata handling technology and application of metadata in financial and accounting inf. resource metadata handling.

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