Which of the following defines iterative calculation?

Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter16: Auditing It Controls Part Iii: Systems Development, Program Changes, And Application Auditing
Section: Chapter Questions
Problem 4DQ: What are rounding error routines, and why are they used?
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Which of the following defines iterative calculation?
Multiple Choice
The practice of overriding a spreadsheet program or calculator in order to be able to compute an answer so as to take into account circular dependency in a system of equations.
The practice of ensuring there are no circular dependencies in a system of equations.
The practice of letting a spreadsheet program or calculator repeatedly compute an answer so as to take into account circular dependency in a system of equations.
The practice of using the AFN formula to calculate an answer in order to avoid circular dependencies in a system of equations.
Transcribed Image Text:Which of the following defines iterative calculation? Multiple Choice The practice of overriding a spreadsheet program or calculator in order to be able to compute an answer so as to take into account circular dependency in a system of equations. The practice of ensuring there are no circular dependencies in a system of equations. The practice of letting a spreadsheet program or calculator repeatedly compute an answer so as to take into account circular dependency in a system of equations. The practice of using the AFN formula to calculate an answer in order to avoid circular dependencies in a system of equations.
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