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- RAM Manufacturing LLC is a rapidly growing manufacturer of parts for theautomotive industry. RAM Manufacturing maintains a lot of inventory and uses NetSuite as
- RAM Manufacturing LLC is a rapidly growing manufacturer of parts for theautomotive industry. RAM Manufacturing maintains a lot of inventory and uses NetSuite as their ERP system. RAM Manufacturing uses an approved vendor table. Senior management of RAM Manufacturing wants to ensure that only approved vendors are used. Discuss some of the general control activities RAM Manufacturing may want to implement for the approved vendor table.
- RAM Manufacturing LLC is a rapidly growing manufacturer of parts for the automotive industry. RAM Manufacturing maintains a lot of inventory and uses NetSuite as their ERP system. Senior management of RAM Manufacturing wants to ensure that appropriate controls are used in the receiving department. Discuss some of the general control activities RAM Manufacturing may want to implement for receiving. RAM Manufacturing may want to...
- RAM Manufacturing LLC is a rapidly growing manufacturer of parts for the automotive industry. RAM Manufacturing is considering purchasing and implementing an ERP system but has not yet chosen a vendor. Maeve, an accounts payable clerk, manually recorded a payment in the wrong vendor account, which eventually resulted in duplicate payments to the vendor. What control activity could be implemented to prevent this risk in the future?
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