Discuss the unique control problems EDI creates.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
One problem is ensuring that transactions are authorized and valid Both ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Discuss how EDI creates an environment in which sensitive information, such as inventory amounts and price data, is no longer private. What potential dangers exist if the proper controls are not in...
-
How is EDI more than technology? What unique control problems may it pose?
-
Discuss any potential control weaknesses and problems in this scenario.
-
Use the data given in Table 3.9 to compute the mean, standard deviation, coefficient of variation, and coefficient of skewness for the current ratio of JNJ. Table 3.9 Year 1990 1991 1992 1993 1994...
-
An electron beam is deflected upward through 3.0 mm while traveling in a vacuum between two deflection plates 12.0 mm apart. The potential difference between the deflecting plates is 100.0 kV and the...
-
Small and Associates, a small manufacturing firm, entered into the following cash transactions during January of 1997. 1. Issued 600 shares of stock for $25 each. 2. Sold services for $4,000. 3. Paid...
-
How is marketing intelligence gathered?
-
Assume Safe Runner Products, Inc., purchased conveyor-belt machinery. Classify each of the following expenditures as a capital expenditure or an immediate expense related to machinery: a. Purchase...
-
Question 12 (1 point) When using variable costing which of the following is not considered a product cost? a) Direct labour. b) Fixed manufacturing overhead. c) Variable manufacturing overhead. d)...
-
ECRI Corporation is a holding company with four main subsidiaries. The percentage of its business coming from each of the subsidiaries, and their respective betas, are as follows: Subsidiary % of...
-
Discuss how the widespread use of laptop and notebook computers is making data encryption standards more easily penetrable.
-
1. The database attributes that individual users have permission to access are defined in the a. operating system. b. user manual. c. database schema. d. user view. e. application listing. 2. An...
-
For the points P and Q, find (a) the distance d(P, Q) and (b) the coordinates of the midpoint M of line segment PQ. P(-V7,8V3), 0(5V7,-3)
-
Sketch plane / intersecting plane K. Then draw a line & in plane J that intersects plane Kat a single point. A X C B D E
-
Use a graphing utility to verify any five of the graphs that you drew by hand in Exercises 126. Data from exercise 1-26 1. x + 2y = 8 3. x2y> 10 2. 3x6y 12 4. 2xy > 4
-
The following information pertains to Porter Company for 2011. Ending inventory consisted of 30 units. Porter sold 320 units at \(\$ 30\) each. All purchases and sales were made with cash. Required...
-
In Problems 7780, use a numerical integration routine on a graphing calculator to find the area bounded by the graphs of the indicated equations over the given interval (when stated). Compute answers...
-
Solar Heating, Inc., had the following transactions for 2011: Required a. Determine the quantity and dollar amount of inventory at the end of the year, assuming Solar Heating Inc. uses the FIFO cost...
-
What are ethics?
-
What is the back work ratio? What are typical back work ratio values for gas-turbine engines?
-
Draw an AVL tree whose elements are the letters AZ. Label each node with its balance factor. Draw a second non-AVL tree whose elements are from AZ. Label each node with its balance factor and mark...
-
Describe how IT performance reports are important in IT governance.
-
What is the underlying purpose of the restrictions on CPA firms in Section 201 of the Sarbanes Oxley Act?
-
Differentiate between a compliance audit and an operational audit.
-
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments --Molding and Fabrication. It started, completed, and...
-
Horizontal Analysis The comparative accounts payable and long-term debt balances of a company are provided below. Current Year Previous Year Accounts payable $47,286 $63,900 Long-term debt 85,492...
-
On January 1, Year 1, Price Company issued $140,000 of five-year, 7 percent bonds at 97. Interest is payable annually on December 31. The discount is amortized using the straight-line method. Record...
Study smarter with the SolutionInn App