Explain how procurement cards provide for increased efficiencies in the accounts payable department.
Answer to relevant QuestionsDescribe what is likely to occur if company personnel erroneously recorded a purchase transaction for the wrong vendor? What if a cash disbursement was posted to the wrong vendor? Identify internal controls that would detect ...Identify an internal control procedure that would reduce the following risks in a manual system:a. The purchasing department may not be notified when goods need to be purchased.b. Accounts payable may not be updated for ...Using a search engine, search the internet for information about Evaluated Receipt Settlement, or ERS. You may have more success by searching for the terms ERS and invoices together in one search. Based on what you read ...Why do you think management should specifically approve all employees hired? Explain the various reconciliation procedures that should occur in payroll.
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