10/28 Class

Question 1

Start on the project

Answer 1

now do it
don't do amazon
find a unique company, goal is to match up defined term to the controls that reside in the company
general computer controls
you only choose one

Question 2

Purchasing SubProcesses

Answer 2

purchasing department - authorizes someone to have a vendor send goods
receiving - looks at the goods we are getting.
AP Processing - compares the invoice, purchase order, receiving report and updates the A/P account, this is on the test
Disbursements - Pays for A/P

Question 3

good received not invoiced

Answer 3

temporary account, when we get goods but we have not received the bill for it yet

Question 4

blind purchase order

Answer 4

you type in the quantity from the packing slip and enter it into the system. it will tell you if they gave you the right quantity.