During process 1.0 Prepare budgets at AB Hi-Fi a budget clerk has to decide whether an adjusted
Question:
During process 1.0 Prepare budgets at AB Hi-Fi a budget clerk has to decide whether an adjusted budget submitted by a manager looks reasonable. Take a moment to review this section of the narrative before you complete the following questions.
Required ]
(a) What data do the budget clerk draw on when making the decision?
(b) Where do the data you identified in part
(a) come from?
(c) Are these data reliable; that is, is there any possibility that there could be errors in the data?
(d) Are these data sufficient to make the decision, or can you identify additional data that the clerk should consider when making the decision?
(e) What would be the consequences of an incorrect decision?
Step by Step Answer:
Accounting Information Systems Understanding Business Processes
ISBN: 9781742165554
3rd Edition
Authors: Brett Considine, Alison Parkes, Karin Olesen, Michael Lee, Derek Speer