A. Controlling inventory has evolved with the widespread use of technology. Describe one advance in technology that helps reduce theft or errors. What does your company use? Does this replace a physical inventory? Why or why not?

B. What is EFT and how does its use control cash and cash flow? What technology is necessary to utilize EFT?

C. What is open-invoicing and which types of businesses would use it? Compare it with the balance-forward method. Why wouldn't one or the other suffice for all companies?

D. What is a procurement card? In what business environment is its use most useful? What special controls on the cards are necessary to make the procedure work?

E. Compare internal control issues between the invoice approval and payment process in a manual office with that of an automated office where all departments are connected to the same AIS. Is an ink pen signature more desirable than a digital approval? Why or why not?

F. What internal control issues are there with the payment function in accounts payable?