Why is it important to capture the who what where and when, Finance Basics

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Why is it important to capture the who what where and when

1. What is meant by the idea of "storing data at the event level"?

2. Why is it important to capture the who, what, where, and when in describing business events?

3. a. What is file management?

b. How are the applications-based file and database approaches to data management the same? How are they different?

c. What are the relative advantages of the database approach?

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Finance Basics: Why is it important to capture the who what where and when

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Finance Basics: Why is it important to capture the who what where and when

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