WAEC GCE Financial Accounting [Obj/Essay] Questions And Answers 2022/2023

byMydport -Saturday, November 19, 2022

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2022 WAEC GCE FINANCIAL ACCOUNTING (OBJECTIVE/ESSAY) QUESTIONS AND ANSWERS ARE NOW AVAILABLE.

A. 2022 WAEC GCE FINANCIAL ACCOUNTING ESSAY (THEORY) ANSWERS | 19TH NOVEMBER, 2022

(1ai)
Manual Data Processing; This data processing method is handled manually. The entire process of data collection, filtering, sorting, calculation, and other logical operations are all done with human intervention and without the use of any other electronic device or automation software.

(1aii)
Mechanical Data Processing; Data is processed mechanically through the use of devices and machines. These can include simple devices such as calculators, typewriters, printing press, etc. Simple data processing operations can be achieved with this method.

(1aiii)
Electronic Data Processing
Data is processed with modern technologies using data processing software and programs. A set of instructions is given to the software to process the data and yield output.

(1b)
(i)Data collection; Collecting data is the first step in data processing. Data is pulled from available sources, including data lakes and data warehouses.
(ii)Data preparation; Once the data is collected, it then enters the data preparation stage. Data preparation, often referred to as “pre-processing” is the stage at which raw data is cleaned up and organized for the following stage of data processing. During preparation, raw data is diligently checked for any errors.
(iii)Data input; The clean data is then entered into its destination (perhaps a CRM like Salesforce or a data warehouse like Redshift), and translated into a language that it can understand

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