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Currently, the activity found LEAST often within the controller's department isa. budget preparation. b. updating the general ledger. c. maintaining accounts receivable records. d. establishing and maintaining a market for the organization's debt and equity securitie

The has a role that focuses on budgeting, accounting, and tracking the performance of a single business unit. treasurer chief financial officer O controller O director of risk management

How can an auditor use the following topic in his future work?   Evaluate financial decision-making to ensure compliance with accounting standards, rules, and regulations. Apply Generally Accepted Accounting Principles (GAAP) to record financial information. Analyze financial statements to inform current business decision-making and draw conclusions about the financial health of a company. Recommend budget planning strategies based on the financial performance of a company.

A wide range of accounting information system (AIS) software programs are available in the marketplace. Businesses select one that fits their needs based on budget and systems requirements. Do some research to understand the differences between the way systems process accounting information and produce reports.    Choose two types of software from the following list to compare: QuickBooks, Peachtree, Oracle NetSuite, SAP, or MS Access.    compare these aspects of each software program: Compare the pros and cons of each system to show the system's benefits and drawbacks for businesses in the way they handle transaction processing for accounting cycles. Discuss the way artificial intelligence (AI) or machine learning is utilized in the system and how these tools elevate data processing and data analytics.

DATA FLOW DIAGRAM—CASH DISBURSEMENTSPrepare a data flow diagram that reflects the activities presented in the process outlined in Problem 4.SYSTEM FLOWCHART APUsing the format presented in Figure 2-4 in the text, develop a similar flowchart for the process of paying vendor accounts payable.The Process: Vendors send invoices to the AP department where they are reviewed and approved for payment. Once approved, the invoice and a cash disbursement voucher are sent to the cash disbursement department, where a check is prepared and sent to the vendor. A copy of the check, the invoice, and the voucher are returned to the AP department and filed.

Which of the following statements are true?   a. Screening projects of the company and determining whether they are profitable or not is part of the financial manager’s investing role.   b. A financial manager emphasizes that one of the roles of their department is to transact in the financial markets.   c. In an organizational chart, a financial manager who is concerned with determination of product cost and cost control function must be under the Treasurer’s Function.   d. A financial manager who is tasked to assessment the company’s credit capacity. In an organizational chart, he must be under the controller.

Accounting Question

5. During a systems audit, the system performance is compared to Styles Editing VoicE a similar systems b. newer systems Sensutivity c. the design specifications d. competing systems 6. Enterprise resource planning (ERP) represents a The system that integrates financial data with non financial operatiing data. b. The system that integrates only financial aspects of business activities. The system that integrates only non-financial aspects of business activities d. The system that integrates financial aspects of a company's operations with its traditional AIS. C. 7. The components of IT should include: a Software, people, data, and information technology infrastructure, People, procedures, data, and information technology infrastructure. Hardware. software, data, networks, and people. d People, data, IT infrastructure, and internal control measures. Ic.

DATA FLOW DIAGRAM-CASH DISBURSEMENTSPrepare a data flow diagram that reflects the activities presented in theprocess outlined in this Problem. SYSTEM FLOWCHART APUsing the format presented in Figure 2-4 in the text, develop a similarflowchart for the process of paying vendor accounts payable.The Process: Vendors send invoices to the AP department where they are reviewed and approved for payment. Once approved, the invoice anda cash disbursement voucher are sent to the cash disbursementdepartment, where a check is prepared and sent to the vendor. A copy ofthe check, the invoice, and the voucher are returned to theAP department and filed.

Describe the business and its core operations. Explain what data you would use to inform the budget and why this data would be relevant. Who else would you involve in developing the budget? Draw up the budget to cover the next financial year. Explain how the budget would be used to monitor the financial performance of the organisation. List and explain the application of statutory and legislative requirements as they apply to financial management within a business organisation. Write a report explaining how the budget that you have developed contributes to financial management. Present this report verbally in order to demonstrate your communication skills as well as the ability to explain budgets and deal with questions. Analyse the existing financial management approaches of the organisation. Are there any recommendations you should make and what are they? What software packages/ programs have you used when developing the budget and how did these assist?

Statement 1: The Financial Controller approves executive decisions and decides on the firm’s budgets. Statement 2: The Financial Controller gives managerial advices to the executives regarding the financial affairs of the firm. Statement 3: During decision making phase, budget proposals should match with the current financial condition of the firm and with the financial forecasts. Statement 4: The Financial Controller leads two important functions in the finance department such as accounting and treasury. Statement 5: The Financial Controller can handle both accounting and treasury in case the firm has limited resources. a.All statements are true b. Statements 1, 2 and 3 c.Statements 2, 3 and 4 are true are true d. Statements 3, 4 and 5 e.Statements 1, 3 and 5 are true f. Statements 2, 4 and 5 are true are true

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