Question: a) Explain with examples how validity checks, completeness tests and reasonableness tests can be implemented in a computerised accounting system to ensure accuracy of customer

a) Explain with examples how validity checks, completeness tests and reasonableness tests can be implemented in a computerised accounting system to ensure accuracy of customer orders in the revenue cycle.

b) Explain how a post-billing system and a pre-billing system is used in the revenue cycle. Discuss with an example what types of businesses would use a post-billing system and a pre-billing system and justify why the business has selected that billing system instead of the other.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

15. Explain how validity checks, completeness tests and reasonableness tests can be implemented to ensure accuracy of customer orders.

I need to finish assignment Assignment 6 WPs 21-1, 21-2, 21-3, 21-5, 21-6, 21-17, 21-18, 21-19, 21-20, 21-21 Assignment 7 WPs 30-1, 30-2, 30-4, 30-5, 30-21, 30-22, 30-23, 30-24 Assignment 8 WPs 20-1,...

There are two problems due this week (each worth 35 points) as follows. Problem 1.6 (page 20) In comprehensive paragraphs, answerrequirements a to e. You will have 5 paragraphs total of four to five...

Part 1: Applying General Controls General Controls - A company designs general controls to ensure that its overall AIS is stable and well managed. They contain (partial list): Proper Authorization of...

Please help me answer question 1 of this case, thank you! Ardmore Beer Distributors, Inc. Identification of Tests of Controls for the Revenue Cycle LEARNING OBJECTIVES Upon completion of this case,...

Hello! Can someone please help me answer question one? Thank you! Ardmore Beer Distributors, Inc. Identification of Tests of Controls for the Revenue Cycle LEARNING OBJECTIVES Upon completion of this...

I have attached both the chapters from which you will be answering the following question. Ch 8 (p 387 of text or p 35 of the pdf) ?Exercise D. Prepare the bank reconciliation and any required...

1. A set of characteristics that helps to define a seriousness about employees' attitudes about the control activities in a company is referred to as A. Management assertions. B. Control environment....

Your friend, Wendy Geiger, owns a small retail store that sells candies and nuts. Geiger acquires her goods from a few select vendors. She generally makes purchase orders by phone and on credit....

Using the Lagrangian multiplier method, what is the cost minimizing quantity of capital K*, and labour L* given Q = Q* ? (10 marks) Assume that a = b = 1, w = 2, r = 8, and Q* = 100. Using the...

You are hoping to buy a house in the future and recently received an inheritance of $20,000. You intend to use your inheritance as a down payment on your house. How long will it take your money to...

Please help it's urgent thank you. please write 400-450 words. thank you QUESTION 4 (20 MARKS) The success of any project is dependent on a diverse range of skills, abilities and competencies of the...

2. In this chapter, the reader should reflect on the following concepts:

1. To provide an understanding that a person in a communication situation conveys three things at the same time: their position, basic interests and values.

4. What is meant by the statement: We are extremely limited in our willingness to allow others to put their own case in a social situation?.