In this chapter and in Chapter 12 the controller of AOE played a major role in evaluating and recommending ways to use IT to improve efficiency and effectiveness. Should the company’s chief information officer make these decisions instead? Should the controller be involved in making these types of decisions? Why or why not?
Answer to relevant QuestionsCompanies such as Wal-Mart have moved beyond JIT to VMI systems. Discuss the potential advantages and disadvantages of this arrangement. What special controls, if any, should be developed to monitor VMI systems?Which internal control procedure would be most cost-effective in dealing with the following expenditure cycle threats?a. A purchasing agent orders materials from a supplier that he partially owns.b. Receiving-dock personnel ...For good internal control, which of the following duties can be performed by the same individual? 1. Approve purchase orders 2. Negotiate terms with suppliers 3. Reconcile the organization’s bank account4. Approve supplier ...Some companies have switched from a “management by exception” philosophy to a “continuous improvement” viewpoint. The change is subtle, but significant. Continuous improvement focuses on comparing actual performance ...Download the spreadsheet for problem 14.9 from the website for this textbook. Write formulas to calculate the total depreciation expense and to display the correct values in the following three columns: Age, Depreciation ...
Post your question