Data Management

Back Up
Providing a secondary record, mechanism, or contract to safeguard against the potential failure of a primary system. Regular backups, especially for computer files, are a prudent practice.
Back-Up Copy
A back-up copy is a duplicate of information stored on a computer, made to prevent data loss or destruction. Essential for any business, ensuring continuity and data security through proper storage strategies.
Database
A Database is an organized collection of information held on a computer. It can be managed by a Database Management System (DBMS), which allows for efficient handling of data.
Database Management System (DBMS)
A Database Management System (DBMS) is a software system that uses a standard method to store and manage data. It allows users to define, create, maintain, and control access to the database.
DP: Data Processing
Data Processing (DP) refers to the collection, manipulation, and processing of data to produce meaningful information that aids decision-making. It is a fundamental aspect of computer science and information technology.
Host
A host serves as a central device or entity in various contexts, primarily in computing and communications, that aids in networking and data management, or in managing online interactions.
Lotus 1-2-3
Lotus 1-2-3 was an integrated computer software package produced by Lotus Development Corporation, widely regarded as one of the best-selling business decision-making tools of its time. This software combines spreadsheet functionalities with data management and graphics capabilities.
Management Information System (MIS)
A Management Information System (MIS) is a structured system providing comprehensive organizational information to management for decision making in areas such as control, operations, and planning. It relies heavily on a robust data management system, including a database that assists in accurate and rapid decision-making.
Management Information System (MIS)
A Management Information System (MIS) is an organized approach to gathering critical data and information, which supports decision-making processes within an organization. MIS integrates technology, people, and business processes to facilitate efficient management operations.
Master File
A master file is a comprehensive computer file that holds essential standing data such as clients' names, addresses, and other critical information used for various business purposes.
MERGE
The term 'merge' has dual meanings in both data management and corporate finance. In the context of data management, merging refers to combining multiple lists or files by consolidating duplicate records into single records. In corporate finance, merging refers to the financial consolidation of two companies where only one company survives as a legal entity.
Metadata
Metadata, commonly referred to as 'data about data,' includes vital information pertaining to electronic files, such as creation dates, modification history, authorship, and other properties.
Multibuyer
A multibuyer is a customer who appears on two or more customer lists, indicating purchases from each list owner. This term is also known as a multiple buyer. Multibuyers may be moved to a special promotion list due to their demonstrated high propensity to purchase.
Overwrite
The process in which new computer data replaces or modifies the data at a disk location that was previously occupied by other data. This occurs when new files with the same name are saved over existing ones.
Standing Data
Standing data refers to information stored in a computer system for long-term use because it does not frequently change. An example is the names and addresses of clients.

Accounting Terms Lexicon

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