10. Which documents prompt the fixed asset department to create a fixed asset record? 11. Describe an internal control that would prevent an employee from stealing a computer and then reporting it as scrappod. 12. Describe an intermal control that would prevent the payment of insurance premiums on an automobile that is no longer owned by the company. 13. Describe an internal control that would prevent the charging of depreciation expenso to the maintenance department for a sweeper that is now located in and used by the engineering deparment. 14. Describe an internal control that would prevent the acquisition of office equipment which is not needed by the firm 15. What negative consequences can result from miscalculated depreciation? 16. Explain the purpose of each of the following documents used in the payroll system: the personnel action form, the job ticket, the timecard. 17. How do Fixed Asset Systems differ from the expenditure cycle? 18. What is recorded by the asset maintenance part of the Fixed Asset System? 19. How are the following carried out in the Fixed Asset System: authorization, supervision, independent verifitation? 20. Which department authorizes changes to employee pay rates? 1. Describe an internal control procedure that would prevent an employee from punching the time clock for another, absent employee. 2. Why should the cmployee's supervisor not distribute paychecks? 3. Describe an internal control procedure that would prevent a supervisor from stealing the unclaimed paychecks of employees who have been terminated. 4. Why should employee paychecks be drawn against a special checking account? 5. Why should employees clocking on and off the job be supervised? 6. What is a personnel action form? 7. In a manufacturing firm, employees typically fill out two different documents regarding their time worked. What are they? Why are there two? 8. List two types of authorization roquired in the Fixed Asset System. 9. List four types of data that appear on a depreciation schedule. 10. Which documents prompt the fixed asset department to create a fixed asset record? 11. Describe an internal control that would prevent an employee from stealing a computer and then reporting it as scrappod. 12. Describe an intermal control that would prevent the payment of insurance premiums on an automobile that is no longer owned by the company. 13. Describe an internal control that would prevent the charging of depreciation expenso to the maintenance department for a sweeper that is now located in and used by the engineering deparment. 14. Describe an internal control that would prevent the acquisition of office equipment which is not needed by the firm 15. What negative consequences can result from miscalculated depreciation? 16. Explain the purpose of each of the following documents used in the payroll system: the personnel action form, the job ticket, the timecard. 17. How do Fixed Asset Systems differ from the expenditure cycle? 18. What is recorded by the asset maintenance part of the Fixed Asset System? 19. How are the following carried out in the Fixed Asset System: authorization, supervision, independent verifitation? 20. Which department authorizes changes to employee pay rates? 1. Describe an internal control procedure that would prevent an employee from punching the time clock for another, absent employee. 2. Why should the cmployee's supervisor not distribute paychecks? 3. Describe an internal control procedure that would prevent a supervisor from stealing the unclaimed paychecks of employees who have been terminated. 4. Why should employee paychecks be drawn against a special checking account? 5. Why should employees clocking on and off the job be supervised? 6. What is a personnel action form? 7. In a manufacturing firm, employees typically fill out two different documents regarding their time worked. What are they? Why are there two? 8. List two types of authorization roquired in the Fixed Asset System. 9. List four types of data that appear on a depreciation schedule