Match each statement to the technology that the accounting professional will most likely choose to use. Each technology term can be used once, more than once, or not at all: 1. 2. 3. 4. Statement A managerial accountant analyzes the comments made by customers when they return a product to identify where improvements can be made to return policy and procedures. An audit staff member examines sales returns data for the objective of discovering patterns among product type or delivery timing. To reduce processing time costs, the accounts payable (AP) manager wants the system to electronically match vendor invoices with their associated purchase orders and receiving reports instead of the current matching process performed by the AP clerk. D An internal auditor examines patterns in employee reimbursements related to travel to identify unusual expenses. Technology Cognitive technologies Continuous auditing Data mining Process mining Robotic process automation Smart contracts Textual analysis
Match each statement to the technology that the accounting professional will most likely choose to use. Each technology term can be used once, more than once, or not at all: 1. 2. 3. 4. Statement A managerial accountant analyzes the comments made by customers when they return a product to identify where improvements can be made to return policy and procedures. An audit staff member examines sales returns data for the objective of discovering patterns among product type or delivery timing. To reduce processing time costs, the accounts payable (AP) manager wants the system to electronically match vendor invoices with their associated purchase orders and receiving reports instead of the current matching process performed by the AP clerk. D An internal auditor examines patterns in employee reimbursements related to travel to identify unusual expenses. Technology Cognitive technologies Continuous auditing Data mining Process mining Robotic process automation Smart contracts Textual analysis
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Match each statement to the technology that the accounting professional will most likely choose to use. Each technology term can be
used once, more than once, or not at all:
1.
2.
3.
4.
Statement
A managerial accountant analyzes the comments made by customers when they return a
product to identify where improvements can be made to return policy and procedures.
An audit staff member examines sales returns data for the objective of discovering
patterns among product type or delivery timing.
To reduce processing time costs, the accounts payable (AP) manager wants the system
to electronically match vendor invoices with their associated purchase orders and
receiving reports instead of the current matching process performed by the AP clerk. "
An internal auditor examines patterns in employee reimbursements related to travel to
identify unusual expenses.
Technology
Cognitive technologies
Continuous auditing
Data mining
Process mining
Robotic process automation.
Smart contracts
Textual analysis
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