samenvatting auditing and accounting information systems

P2P=?

Antwoord: p+AP/CD

Name the 3 basic business activities of the expenditure cycle

Antwoord: - ordering goods - receiving and storing the goods - paying the goods

Primary objectives of the ordering goods process are..

Antwoord: 1. to accurately and efficiently process orders 2. to prevent stock outs 3. to ensure that company receives quality goods at lowest price

Primary objectives of the receiving process are..

Antwoord: 1. verify the receipt of the ordered inventory 2. safeguard inventory

Primary objectives of the payment process are..

Antwoord: 1. all invoices are valid and accurate 2. all invoices are paid 3. cash is safeguard 4. records are accurately maintained

Primary objectives of the accounting process are..

Antwoord: 1. register correct informations to accounts 2. safeguard cash

3 basic functions of the AIS are

Antwoord: 1. capturing and processing data of business activities 2. storing and organizing that data for decision making 3. providing controls: ensure reliability of data and safeguard resources

5 basic business activities are..

Antwoord: 1. sale (order entry) 2. pick goods 3. ship goods 4. billing 5. cash collection

Primary objectives of the picking and shipping process are

Antwoord: 1. to accurate and efficiently pick and ship the required goods 2. to safeguard inventory 3. accurate record shipment

Primary objectives of the billing process are

Antwoord: 1. customers are billed for all sales 2. invoices are accurate 3. customers\' accounts are accurately maintained 4. records are accurately recorded