Using the following table as a guide, describe for each function (Figure): a. A risk (an event
Question:
a. A risk (an event or action that will cause the organization to fail to meet its goals/ objectives)
b. A control/ process or use of technology that will address therisk
Transcribed Image Text:
Controls and Tecnology Function Finance Accounts payable Risks ??? (debit) Accounts payable (credit) Cash disburse ments Accounts payable (debit) Cash (credit) Discounts taken (credit)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (10 reviews)
Function Risks Controls and Technology Finance Nonoptimal cash balances too much too little Cash planning from before or at the same time that POs are ...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 Systems
ISBN: 978-1133935940
10th edition
Authors: Ulric J. Gelinas, Richard B. Dull
Question Posted:
Students also viewed these Accounting questions
-
Using the following table as a guide, describe for each function (Figure): a. A risk (an event or action that will cause the organization to fail to meet its goals/ objectives). b. A control/ process...
-
Using the following table as a guide, describe for each function (figure): a. A risk (an event or action that will cause the organization to fail to meet its goals/ objectives). b. A control/process...
-
Using the following table as a guide, describe for each function from Figure: a. A risk (an event or action that will cause the organization to fail to meet its goals/ objectives) b. A...
-
Why will a reduction in the real interest rate increase investment spending, other things equal?
-
A wall in a room is 108 inches tall and 132 inches wide. There is a painting on the wall that is 18 inches by 24 inches. If a tennis ball is accidentally flung at the wall, and the location where it...
-
During 1992 and 1993, General Motors saved over $2 billion due to the cost-cutting efforts of Mr. Lopez. Rumors spread throughout the auto industry that General Motors was considering a plan to offer...
-
The design for a Website is to consist of four colors, three fonts, and three positions for an image. From the multiplication rule, \(4 \times 3 \times 3=36\) different designs are possible.
-
Ken, a salaried employee, was terminated from his company in April of this year. Business had been slow since the beginning of the year, and each of the operating plants had laid off workers. Ken's...
-
! Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct...
-
The owner of a specialty coffee shop wants to study coffee purchasing habits of customers at her shop. She selects a random sample of 60 customers during a certain week, with the following results: ...
-
Control Plans A. Program change controls B. Independent validation of vendor invoices C. Access control software D. Batch control plans E. Compare input data with master data (e. g., vendor master...
-
There are many instances where controls may be implemented using manual processes or alternatively automated using technology. One example of this is a signature. It can be manual or digital....
-
Allyson Ashley makes jet skis. During the year, Allyson manufactured 42,000 jet skis. Finished goods inventory had the following units: January 1 ........ 4,300 December 31 ...... 3,900 Required: 1....
-
Please answer question correctly and explain why your answer is correct. Due to the broadcasting character of wireless signal, we cannot only rely on the physical access control to protect it. O...
-
Mega Skateboard Supplier had net sales of $ 3 . 7 million, its cost of goods sold was $ 1 . 4 million, and its net income was $ 0 . 9 million. What will be Its gross margin ratio?
-
What is 0ne important internal and one important external environmental factor that likely to affect an healthcare organization?
-
if a business was measuring % market share as measure of performance, this is likely to be a measure of which perspective of the balanced scorecard. Explain.
-
You manage a risky portfolio with an expected rate of return of 1 0 % and a standard deviation of 2 0 % . The Treasury bill ( risk - free security ) rate is 5 % . Suppose that your client prefers to...
-
(A) What volume of the aluminum-copper alloy described in Example 4-5 must be dissolved in an excess of HCl(aq) to produce 1.00 g H 2 ? (B) Afresh sample of the aluminum-copper alloy described in...
-
MgO prevents premature evaporation of Al in a furnace by maintaining the aluminum as Al2O3. Another type of matrix modifier prevents loss of signal from the atom X that readily forms the molecular...
-
Diagonalize the Hamiltonian where \(a_{i}, a_{i}^{\dagger}\) are harmonic-oscillator creation/annihilation operators. +aja H 2 #1 = { {a}a; +ao] + [(a; +a}) (am + a}.}]}}, - (35.59) i=1
-
Indicate who you would include on a systems analysis project team in each of the following situations, and discuss fully the reasons why you would include each member you suggest.
-
The Eureka Company requests bids from vendors for specific configurations rather than bids for general performance objectives because it knows what it needs. Discuss fully.
-
The Eureka Company requests bids from vendors for specific configurations rather than bids for general performance objectives because it knows what it needs. Discuss fully.
-
Shaw Company has the following account balances: Receivables $ 1 0 0 , 0 0 0 Inventory 1 5 0 , 0 0 0 Land 1 0 0 , 0 0 0 Building net 2 5 0 , 0 0 0 Liabilities 1 0 0 , 0 0 0 Common stock 1 0 0 , 0 0 0...
-
Mizan Corporation, a manufacturing company, prepares its financial statements annually. During the last month of the fiscal year, Mizan experiences a significant surge in sales. The sales team closes...
-
A firm uses job - order costing. Current period facts: Actual overhead: $ 1 0 4 , 6 8 8 Applied overhead: $ 1 0 4 , 9 0 5 Budgeted overhead: $ 1 0 8 , 6 9 8 COGS balance ( before closing ) : $ 3 9 0...
Study smarter with the SolutionInn App