Question 1

The cash disbursements process uses disbursement vouchers as inputs to update the accounts payable master data.

Accepted Answer

A) True 
 B)False

Question 2

The following is a list of 10 control plans.
   Required:
Listed below are ten system failures that indicate weaknesses in control. On the answer line to the left of each description, insert the capital letter (from the list above) of the best control plan to address the system deficiency described. A letter should be used only once.

Accepted Answer

The answer of The following is a list of 10...

Question 3

The cash disbursements event data shows, in alphabetical order, the details of each cash payment made.

Accepted Answer

A) True 
 B)False

Question 4

When processing non-invoiced disbursements, the trigger for either a true voucher process or a non voucher process is a(n) ______________________________.

Accepted Answer

The answer of When processing non-invoiced disbursements, the trigger for...

Question 5

A true voucher system requires that all expenditures for whatever purpose and in excess of a certain dollar amount be formally approved for payment before they can be paid.

Accepted Answer

A) True 
 B)False

Question 6

In an entity-relationship (E-R) diagram for the accounts payable/cash disbursements process, you would expect that the words sent to would appear in the diamond showing the relationship between:

Accepted Answer

A)  VENDORS and INVENTORY_RECEIPTS 
B)  VENDORS and VENDOR_INVOICES 
C)  VENDORS and CASH_DISBURSEMENTS 
D)  CASH_DISBURSEMENTS and INVENTORY_RECEIPTS 
A)  VENDORS and INVENTORY_RECEIPTS 
B)  VENDORS and VENDOR_INVOICES 
C)  VENDORS and CASH_DISBURSEMENTS 
D)  CASH_DISBURSEMENTS and INVENTORY_RECEIPTS

Question 7

The vendor sends a(n) ______________________________ to notify the purchaser of an obligation to pay for goods or services ordered by and shipped to the purchaser.

Accepted Answer

The answer of The vendor sends a(n) ______________________________ to notify...

Question 8

A true ______________________________ system requires that all expenditures be formally approved for payment and be recorded as a payable before they can be paid.

Accepted Answer

The answer of A true ______________________________ system requires that all...

Question 9

______________________________ systems are B2B systems that combine e-invoicing and e-payment processes to send invoices to electronic invoices to customers and to receive electronic payments.

Accepted Answer

Electronic invoice p

Question 10

Input validity for ______________________________ is ensured by making sure that the invoice is for goods that were actually ordered and actually received.

Accepted Answer

The answer of Input validity for ______________________________ is ensured by...

Question 11

In a relational table for PURCHASE_RECEIPTS, the primary key would be the ______________________________.

Accepted Answer

receipt nu

Question 12

The "three-way match" matches the invoice with the purchase order and disbursement voucher.

Accepted Answer

A) True 
 B)False

Question 13

An exception routine is usually performed for:

Accepted Answer

A)  processing payments 
B)  vendor invoice identification 
C)  purchase returns and allowances 
D)  general ledger updates 
A)  processing payments 
B)  vendor invoice identification 
C)  purchase returns and allowances 
D)  general ledger updates

Question 14

In the Level 0 DFD for an AP/CD, a data flow called "receiving report" most likely would be sent by the purchasing process to which of the following processes?

Accepted Answer

A)  order inventory 
B)  receive goods and services 
C)  establish payable 
D)  make payment 
A)  order inventory 
B)  receive goods and services 
C)  establish payable 
D)  make payment

Question 15

Fraud abuses in the AP/CD process usually entail creating phony customers or submitting fictitious purchase orders.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is least likely to report (either directly or indirectly) to the vice president of finance?

Accepted Answer

A)  controller 
B)  treasurer 
C)  shipping department supervisor 
D)  accounts payable department 
A)  controller 
B)  treasurer 
C)  shipping department supervisor 
D)  accounts payable department

Question 17

What factor has caused an escalation of check forgeries in recent years?

Accepted Answer

A)  the increased use of EDI 
B)  the availability of cheap color printers 
C)  a lack of control plans to control automated funds transfer 
D)  a repeal of severe civil and criminal penalties for such crimes 
A)  the increased use of EDI 
B)  the availability of cheap color printers 
C)  a lack of control plans to control automated funds transfer 
D)  a repeal of severe civil and criminal penalties for such crimes

Question 18

The resources for which the AP/CD process wants to ensure security typically do not include:

Accepted Answer

A)  cash 
B)  accounts payable master data 
C)  accounts receivable master data 
D)  All of the above are included in resources for which the AP/CD process wants to ensure security. 
A)  cash 
B)  accounts payable master data 
C)  accounts receivable master data 
D)  All of the above are included in resources for which the AP/CD process wants to ensure security.

Question 19

Chapter 13 describes the electronic invoicing and payment (EIPP) system for the B2C environment.

Accepted Answer

A) True 
 B)False

Question 20

Which disbursement system most easily facilitates paying a number of invoices with a single check?

Accepted Answer

A)  nonvoucher system 
B)  voucher system 
C)  balance-forward system 
D)  open-items system 
A)  nonvoucher system 
B)  voucher system 
C)  balance-forward system 
D)  open-items system

The cash disbursements process uses disbursement vouchers as inputs to update the accounts payable master data.

The cash disbursements event data shows, in alphabetical order, the details of each cash payment made.

When processing non-invoiced disbursements, the trigger for either a true voucher process or a non voucher process is a(n) ______________________________.

A true voucher system requires that all expenditures for whatever purpose and in excess of a certain dollar amount be formally approved for payment before they can be paid.

In an entity-relationship (E-R) diagram for the accounts payable/cash disbursements process, you would expect that the words sent to would appear in the diamond showing the relationship between:

The vendor sends a(n) ______________________________ to notify the purchaser of an obligation to pay for goods or services ordered by and shipped to the purchaser.

A true ______________________________ system requires that all expenditures be formally approved for payment and be recorded as a payable before they can be paid.

______________________________ systems are B2B systems that combine e-invoicing and e-payment processes to send invoices to electronic invoices to customers and to receive electronic payments.

Input validity for ______________________________ is ensured by making sure that the invoice is for goods that were actually ordered and actually received.

In a relational table for PURCHASE_RECEIPTS, the primary key would be the ______________________________.

The "three-way match" matches the invoice with the purchase order and disbursement voucher.

An exception routine is usually performed for:

In the Level 0 DFD for an AP/CD, a data flow called "receiving report" most likely would be sent by the purchasing process to which of the following processes?

Fraud abuses in the AP/CD process usually entail creating phony customers or submitting fictitious purchase orders.

Which of the following is least likely to report (either directly or indirectly) to the vice president of finance?

What factor has caused an escalation of check forgeries in recent years?

The resources for which the AP/CD process wants to ensure security typically do not include:

Chapter 13 describes the electronic invoicing and payment (EIPP) system for the B2C environment.

Which disbursement system most easily facilitates paying a number of invoices with a single check?

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and SQL

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivablecash Receipts Barcr Process

The Purchasing Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

The General Ledger and Business Reporting GLBR Process

Acquiring and Implementing Accounting Information Systems

Filters

Exam 13: The Accounts Payablecash Disbursements Apcd Process

The cash disbursements process uses disbursement vouchers as inputs to update the accounts payable master data.

The cash disbursements event data shows, in alphabetical order, the details of each cash payment made.

When processing non-invoiced disbursements, the trigger for either a true voucher process or a non voucher process is a(n) ______________________________.

A true voucher system requires that all expenditures for whatever purpose and in excess of a certain dollar amount be formally approved for payment before they can be paid.

In an entity-relationship (E-R) diagram for the accounts payable/cash disbursements process, you would expect that the words sent to would appear in the diamond showing the relationship between:

The vendor sends a(n) ______________________________ to notify the purchaser of an obligation to pay for goods or services ordered by and shipped to the purchaser.

A true ______________________________ system requires that all expenditures be formally approved for payment and be recorded as a payable before they can be paid.

______________________________ systems are B2B systems that combine e-invoicing and e-payment processes to send invoices to electronic invoices to customers and to receive electronic payments.

Input validity for ______________________________ is ensured by making sure that the invoice is for goods that were actually ordered and actually received.

In a relational table for PURCHASE_RECEIPTS, the primary key would be the ______________________________.

The "three-way match" matches the invoice with the purchase order and disbursement voucher.

An exception routine is usually performed for:

In the Level 0 DFD for an AP/CD, a data flow called "receiving report" most likely would be sent by the purchasing process to which of the following processes?

Fraud abuses in the AP/CD process usually entail creating phony customers or submitting fictitious purchase orders.

Which of the following is least likely to report (either directly or indirectly) to the vice president of finance?

What factor has caused an escalation of check forgeries in recent years?

The resources for which the AP/CD process wants to ensure security typically do not include:

Chapter 13 describes the electronic invoicing and payment (EIPP) system for the B2C environment.

Which disbursement system most easily facilitates paying a number of invoices with a single check?

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and SQL

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivablecash Receipts Barcr Process

The Purchasing Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

The General Ledger and Business Reporting GLBR Process

Acquiring and Implementing Accounting Information Systems

Filters