Author: Anonymous

An A/R Accounting clerk gets a pay raise from $14 to $18. Changing this employee’s hourly wage rate in the AIS would be recorded where, and by whom?

The Purchasing Manager at Fly A Kite has responsibility for reviewing and authorizing purchase orders. He also reviews inventory receiving reports (inventory receipts), approves or corrects them, and authorizes the cashier to pay vendor invoices. Which of the following would correct any control weaknesses related to these activities?

Which symbol would be used in a flowchart to represent a computer-based process?

An Accounting department function is reviewing a report of inventory that has been received but the department has not received a vendor invoice for yet. This report is essentially showing the balance of which GL account?

Which of the following situations might arise representing the risk of inaccurate General Ledger data, caused because proper automated/ongoing processing integrity controls were not in place in the AIS?

Which of the following controls’ only purpose is to prevent Purchasing Clerks from making biased vendor selection decisions?

The H/R department of a large, multi-national company is attempting to create a numbering scheme for employee ID’s. They do not want to use the employee’s social security number for privacy reasons. In order to have enough possible unique combinations, the department has decided that the employee ID will be: First name initial, last name initial, last four of SSN, and the last two digits to indicate the employee’s assigned department number. For example, Caroline Arnosky with an SSN of 999-88-1234 and in the Accounting Department (which is assigned 01) would be: CA123401. Which method(s) of coding did the H/R department utilize to create this numbering scheme? I. Mnemonic II.  Block/Group III. Sequence

Customer Jimmy’s Toys placed an order for 50 kites from Fly A Kite on 1/5/2020. On 1/7/2020, 30 kites were shipped and the other 20 were on backorder. Jimmy’s Toys were invoiced for 50 kites on 1/7/2020, rather than the 30 actually shipped. Of the below controls performed by Fly A Kite, which would have best prevented this situation?

There is always an interdependence between a company’s expenditure cycle and its vendor’s

An A/R Accounting clerk gets a pay raise from $14 to $18 after doing what is considered a good job for his/her job role. Which of the following could be reasonable comments written in their performance appraisal/evaluation?