Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Question
Chapter 10, Problem 2DQ
Summary Introduction
To explain: If Person X agrees with the statement or not.
Introduction:
OE/S process:
It is known as the order entry/sales process. It describes the first four steps of the order-to-cash process.
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In order to meet the purchasing objective, purchasing agents should avoid temptations such as gifts and distractions. A company should, therefore, implement which of the following in order to control these behaviors?
peer reviews
management meetings
an approved purchase requisitions
a code of ethics
Research and discuss two business rules that should be incorporated into the Sales/Collections process and/or the Purchase/Payment process.
Chapter 10 Solutions
Accounting Information Systems
Ch. 10 - Prob. 1RQCh. 10 - What are the major functions performed by the OE/S...Ch. 10 - With what internal and external entities does the...Ch. 10 - Prob. 4RQCh. 10 - Prob. 5RQCh. 10 - Prob. 6RQCh. 10 - Distinguish buy-side and sell-side systems.Ch. 10 - Prob. 8RQCh. 10 - Prob. 9RQCh. 10 - Prob. 10RQ
Ch. 10 - Prob. 11RQCh. 10 - Prob. 12RQCh. 10 - Prob. 13RQCh. 10 - Prob. 14RQCh. 10 - Describe the impact that entity-level controls...Ch. 10 - Prob. 1DQCh. 10 - Prob. 2DQCh. 10 - Prob. 3DQCh. 10 - Prob. 4DQCh. 10 - Prob. 5DQCh. 10 - Prob. 6DQCh. 10 - An enterprise system supports a business process...Ch. 10 - Among the three functional entities (marketing,...Ch. 10 - The chapter presented a brief example of how the...Ch. 10 - Prob. 3SPCh. 10 - Prob. 4SPCh. 10 - Prob. 5SPCh. 10 - Prob. 6SPCh. 10 - Prob. 3PCh. 10 - Prob. 6P
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- Summarize on what you understand from the purchase cycle system abovearrow_forwardKeeping in mind the management Accounting control system (MACS) can you relate the customer demand with supplier cost estimation?arrow_forwardwhat information do you need to capture from a customer in order to accurately and completely fill an order?arrow_forward
- In a good internal control system, which of the following sets of documents is required for proper approval of a payment to a supplier? A. a journal entry, a supplier invoice, and a description of the goods being purchased B. a supplier invoice, a bill of lading, and the supplier's financial statements C. a purchase order, a journal entry, and a price catalog D. a receiving report, an invoice, and a purchase orderarrow_forwardBriefly explain the financial and/or managerial decisions that are made from creating a sales order and a payment receipt. why these documents are needed for internal decision making - what decisions are made from each document. Talk about the over-arching, management level decisions that are made based on the documents, not just day-to-day business activities that are driven by them.arrow_forwardDiscuss the Supplier Integration and Relationship Managementarrow_forward
- 1.Which points revealed by the statement segmented by sales territory should be brought to the attention of management?2.Which point revealed by the statement segmented by product lines should be brought to the attention of management?arrow_forwardList some AIS and MIS information from which sales people may benefit. Clearly indicate whether the information item would be an output of a traditional AIS or MIS system. Finally, discuss the benefits of integrating this information.arrow_forwardCustomer relationship management software would be most likely to affect which income statement account? Multiple Choice Cost of Goods Sold Revenues Selling, General, and Administrative Expenses (SG&A) Interest Expensearrow_forward
- What document intiates the sales processarrow_forwardExplain the importance of proper credit approval for sales only typed solutionarrow_forwardWhich of the following best represents a key control for ensuring sales are properlyauthorized when assessing control risks for sales? A. The separation of duties between the billing department and the cash receipts approval department. B. The use of an approved price list to determine unit selling price. C. Copies of approved sales orders sent to shipping, billing, and accounting departments. D. Sales orders are sent to the credit department for approval.arrow_forward
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