Why should the person responsible for shipping goods to customers not also have responsibility for maintaining records

Question:

Why should the person responsible for shipping goods to customers not also have responsibility for maintaining records of customer accounts?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Information Systems The Processes and Controls

ISBN: 978-1118162309

2nd edition

Authors: Leslie Turner, Andrea Weickgenannt

See More Books

Question Posted: Dec 30, 2014 05:43 AM

See More Questions

Why should the person who keeps the records of an asset not be the person responsible for its custody?
Why should the responsibility for maintaining the accounting records be separated from the responsibility for operations? Explain.
Why should the responsibility for maintaining the accounting records be separated from the responsibility for operations? Explain.
Given the functions f(x) = 2x and g(x) = x 1) Find the points of intersection of the curves and plot the graphs of the functions. 2) Determine the area bounded by the curves in the interval [-1,3] 3)...
Find the range, mean, median, and mode of the weights of the metal castings after being milled. Write a statement about the data set based on your findings. Casting A 1.08 kg Casting D L.I kg Casting...
What has been the evolution of globalization and what is its recent history?
19. An option has a gold futures contract as the underlying asset. The current 1-year gold futures price is $300/oz, the strike price is $290, the risk-free rate is 6%, volatility is 10%, and time to...
Midland Oil has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is: a. 7% b. 10%...
Siamese Cat Services specializes in training and veterinary services to household pets, such as dogs, birds, lizards, fish, horses, and of course, cats. After the first 1 1 months of operations in 2...
In SCTP, the following is a dump of a DATA chunk in hexadecimal format. 00000015 00000005 0003000A 00000000 48656C6C 6F000000 a. Is this an ordered or unordered chunk? b. Is this the first, the last,...
Internal control weaknesses in cash receipts and sales processes at Gramiko, Inc.
How are sales invoices used (in a manual system) in the preparation of credit memos?
A three-stage supply chain is subject to monthly demand fluctuations from its end customers as follows: month 1 200 units, month 2 300 units, month 3 200 units, month 4 250 units, month 5 200...
Essay on: The Influence of Social Media on Individuals, Family, and Society. Also how social media influences us on a business end, how it influences us personally, and how they correlate.
A wastewater flow of 3550 m 3 /d is to be treated in a facultative pond system. The reaction rate coefficient at the average operating temperature is 0.35 d -1 . The pond system is assumed to behave...
Provide a brief overview using these environmental scanning steps as a guide: 1. Choose an industry of your interest such as technology, healthcare, retail, energy, etc. 2. Identify and briefly...
Your company is considering expanding into a new international market. Describe the market research you would conduct to evaluate the feasibility of entering this market, including factors such as...
Address the following from your Social Era research and the course scholarly literature: What are the key foundational underpinnings that shape the essence of what we call the social management era?...
For the following hypothetical CFD tasks, compare the DNS, LES, and RANS approaches. Discuss which of them is feasible and which is likely to produce acceptable accuracy and level of description. a)...
The executor of Gina Purcells estate has recorded the following information: Assets discovered at death (at fair value): Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
The cart's change of momentum is A. -30 kg m/s B. -20 kg. m/s C. -10 kg. m/s D. 10 kg. m/s E. 20 kg. m/s F. 30 kg m/s
Assume you are a small business owner trying to increase your companys profits. How can accounting information help you efficiently allocate your limited resources to maximize your business profit?
Users of Financial Information Why might each of the following individuals or groups be interested in a firms financial statements? a. The current stockholders of the firm b. The creditors of the...
You work in a small convenience store. The store is very low-tech; you ring up the sales on an old-style cash register that merely records the amount of the sale. The store owner uses this cash...
Problem Set Time Value of Money 1. In 10 years, what is the value of $100 invested today at an interest rate of 8% per year, compounded annually? 2. In 10 years, what is the value of $100 invested...
The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete $120,000 Conversion costs:...
Q3 plz answer correctly and check work Builtrite's upper management has been comparing their books to industry standards and came up with the following question: Why is our operating profit margin...

Why should the person responsible for shipping goods to customers not also have responsibility for maintaining records

Question:

Step by Step Answer:

Custody of assets and responsibility for record keeping should always be ...View the full answer

Accounting Information Systems The Processes and Controls

Students also viewed these Accounting questions