Why do organisations have SOPs (Standard Operating Procedures) for information management systems?

Q 1.1c

How will you ensure high levels of accuracy and productivity with data entry activities?

Q 1.2

What are the steps and basic functions of the purchasing system?

Q 1.3a

Explain the roles and objectives of internal control procedures for actioning a payment to a creditor.

Q 1.3b

What are your responsibilities as an employee working under corporate governance and internal control procedures?

Q 2.1a

What is a payment facility?

Q 2.1b

How can you ensure accurate processing of a payment facility?

Q 2.2a

How should you deal with confidential information?

Provide three examples of breaches of confidentiality.

Q 2.2b

Information security is vital for adherence to corporate governance. What is the impact on the business of non-compliance to internal control?

Q 3.1a

What information is to be collected when verifying documentation for payments?

Q 3.1b

What are five reasons an organisation will have strict internal control procedures for payment authorisations?

Q 3.2

List five common discrepancies.

Q 4.1b

What are the essential obligations based on legislation, standards and codes that all Australian businesses must adhere to?

Q 4.1c

As an operator within financial services, describe your obligations as an individual under the Australian laws, codes and regulations as described in this section.

Q 4.2b

Describe an authorisation procedure for the major payment methods used.

Q 4.2c

What should you do if you receive an update from a supplier explaining changes in their trading details?

Q 4.3b

Why is it important to note the primary documentation as received in the accounting system?

Q 5.1

Why is it important to use a combination of hard and soft copy files in your record-keeping systems?

Q 5.2

Describe the procedures for filing documentation associated with a payment.