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Answer to Question #67777 in Accounting for kevin

Question #67777
What is the relationship between variance analysis and system integrity?
Describe the process of collating, coding and classifying data in preparation for processing.
Expert's answer
Variance analysis is the quantitative investigation of the difference between actual and planned behavior. This analysis is used to maintain control over a business. System integrity is state of a system where it is performing its intended functions without being degraded or impaired by changes or disruptions in its internal or external environments.
After collecting data, the method of converting raw data into meaningful statement; includes data processing, data analysis, and data interpretation and presentation. Data reduction or processing mainly involves various manipulations necessary for preparing the data for analysis. The process (of manipulation) could be manual or electronic. It involves editing, categorizing the open-ended questions, coding, computerization and preparation of tables and diagrams.


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