Briefly discuss the controls over accounts payable.
Question:
Briefly discuss the controls over accounts payable.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Controls over accounts payable AP aim to ensure accurate and timely payments to vendors while preventing fraud and minimizing errors Here are some key ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
In Parts IV, V, and VI of this case study, you were asked to apply concepts we have discussed in previous chapters related to the sales and collection cycle to the acquisition and cash disbursement...
-
The accounting firm of Barnes and Fischer, LLP, is a medium-sized, national CPA firm. The partnership, formed in 1954, now has over 6,000 professionals on the payroll. The firm mainly provides...
-
Mr. Yap bought a bond having a face value of Php 1,000.00 for Php 970.00. The bond rate was 14% nominal and dividends were made to him semiannually for a total of 7 years. At the end of the seventh...
-
Refer to the Journal of Accounting Education (Vol. 25, 2007) study of assisting accounting students with their homework, Exercise 9.30. Recall that 175 accounting students took a pretest on a topic...
-
A coflowing heat exchanger receives air at 800 K, 1 MPa and liquid water at 15C, 100 kPa, as shown in Fig. P4.215. The air line heats the water so that at the exit the air temperature is 20C above...
-
Blade or diagram efficiency is defined as the ratio of _____ to _____
-
Getting a degree from a college or university can be a long and difficult task. Certain courses must be completed before other courses may be taken. Develop a network diagram, in which every activity...
-
Select a company you are familiar with and detail one short-term and one longer-term strategy, then discuss how the role of human resource development can provide valuable advice and counsel in the...
-
'If all employees behave ethically, there is no need for expensive control systems to manage working capital.' Do you agree or disagree with this statement? Why?
-
Evaluate this statement: 'My business uses a perpetual inventory system, so it doesn't need to take a periodic physical inventory'.
-
Prove that the wait die and wound wait protocols avoid deadlock and starvation
-
How will the outcomes in the loanable funds market differ if Indias government budget deficit is 3.8 percent or 7 percent of GDP? Indias government budget deficit is 4.6 percent of GDP in 20192020....
-
In what three ways can an express warranty be created?
-
The table gives some information about U.S. international transactions in 2015. a. Calculate the balance on the three balance of payments accounts. b. Was the United States a net borrower or a net...
-
In 2021 suppose that the stock market crashes and the default risk increases. Explain how this increase in default risk influences the Lee familys supply of loanable funds curve. In 2020, the Lee...
-
Think about the demand for the three game consoles: Xbox Series X, Sony PlayStation 5, and Wii U. Explain the effect of each of the following events on the demand for Xbox Series X games and the...
-
Consider accounts receivable and notes receivable. Requirement 1. What is the difference between accounts receivable and notes receivable?
-
Identify one local business that uses a perpetual inventory system and another that uses a periodic system. Interview an individual in each organization who is familiar with the inventory system and...
-
Congratulations. Youve won the state lottery. You have a choice of three options: (a) $12 million 5 years from now, (b) $2.25 million at the end of each year for 5 years, or (c) $10 million 3 years...
-
Consider two projects. Project 1 costs $272,000 and returns $60,000 per year for 8 years. Project 2 costs $380,000 and returns $70,000 per year. Project 2 is determined to be less risky, so your...
-
Your company has just completed a major IT initiative and is reviewing the outcome. It notes that the project took 3 months longer than expected. As part of the project, the company wanted to use...
-
Describe a situation that constitutes disparate treatment. 2. What is the name of the test courts use in disparate treatment cases (also the name of the case it was developed from)? 3. Michael...
-
Negotiation Report #1 Paint Manufacturer Negotiation Report Paint Manufacturer 1. Did you reach a settlement of the dispute? If so, state the terms of that settlement. 2. What was your Batna? 3. 4....
-
Discuss the possible characteristics and profile of a person who commits occupational fraud. Then further discuss how behavioral red flag indicators of fraud can be used to detect and prevent...
Study smarter with the SolutionInn App