Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The four event ts-processing functions that constitute the segregation of duties control plan are A. Authorizing events B. Executing events C. Recording events D. Safeguarding

image text in transcribed
The four event ts-processing functions that constitute the segregation of duties control plan are A. Authorizing events B. Executing events C. Recording events D. Safeguarding resources Required processing a sales event and seven relating to the cycle for a purchase event. Classify each of the twelve activities into one of the four functional categories listed above by placing the letter A, B, C, or D on the answer line to the left of each number. You should use only one letter for each of the answers. Below is a list of ten events-processing activities, five relating to the cycle of activities involved in EVENT-PROCESSING ACTIVITIES 1. The order entry department instructs the shipping department to ship goods to a customer by sending an approved document to the shipping department. The shipping department keeps inventory items in a locked storeroom. The billing department prepares and mails a bill to the customer. The invoice in item 3 is added to the customer balance in the accounts receivable 2. 3. master data. The general ledger bookkeeper enters a sales event in a data file. (For a purchase event) The purchasing department is requested to order goods. The purchasing department receives a signed request document from the inventory control department. The purchasing department manager reviews and signs all order documents in excess of $100. The goods are received from the vendor. he receiving department completes the receiving report

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Guidelines For Laboratory Quality Auditing

Authors: Donald C. Singer, Ronald P. Upton

1st Edition

0824787846, 978-0824787844

More Books

Students also viewed these Accounting questions