Exam 11: The Billingaccounts Receivable Cash Receipts Barcr Process

The two types of accounts receivable systems discussed in the text are the balance-forward and ____________________ systems.

To reduce the cost of collecting its accounts receivable, a company sells its accounts receivable to a financial organization.The service is called:

Which of the following segregation of duties is not required for the B/AR/CR business process controls to be effective:

Which of the following control plans is most likely to appear in the ensure input validity and ensure input completeness columns, but not in the ensure input accuracy column of a control matrix for the billing process?

The ___________________________________ process supports the repetitive work routines of the credit department, the cashier, and the accounts receivable department.

The acronym EFT stands for ________________________________________.

The __________________________________________________ is created as sales returns, bad debt write-offs, estimated doubtful accounts, or similar adjustments are processed.

_____________________________________________ systems are B2C systems that use a Web site to post customer bills and to receive their electronic payments.

A(n) ____________________ is a business document used to notify the customer of an obligation to pay the seller for merchandise which was ordered and shipped.

A credit card system is better at reducing float time than a debit card system.

Which of the following is most commonly associated with the treasury function?

The B/AR/CR system supports the repetitive work routines of the credit department, the cashier, and the accounts receivable department.

The B/AR/CR process completes the:

A(n) _____________________________________ is an information systems extension that allows a customer to complete an inquiry or perform a task within an organization's business process without the aid of the organization's employees.

When customers pay with a _____________ card, float is eliminated.

A(n) ______________________________ is a business document designed to inform the payee of the invoices or other items being paid.

Which of the following normally would trigger the B/AR/CR process to record a customer payment?

Which of the following process bubbles (i.e., activities) would you not expect to see in the logical DFD for a B/AR/CR process?

The three types of accounts receivable systems discussed in the text are the lockbox, balance-forward, and open-item systems.

Below is the narrative of the "Perform billing" portion of the B/AR/CR process.Narrative Description When the OE/S process produces a sales order, it notifies the B/AR/CR process to that effect.This is the flow "Sales order notification." When triggered by the data flow, "Shipping's billing notification" (i.e., the shipping notice), process 1.1 validates the sale by comparing the details on the sales order notification to those shown on shipping's billing notification.If discrepancies are noted, the request is rejected, i.e.a reject stub.Rejected requests are later processed through a separate exception routine.If the data flows match, process 1.1 sends a validated shipping notification to process 1.2.Process 1.2 then performs the following actions: -Obtains from the customer master data containing certain standing data which is needed to produce the invoice.-Creates the invoice and sends it to the customer.-Updates the accounts receivable master data.-Adds an invoice to the sales event data (i.e., the sales journal).-Notifies the general ledger process that a sale has occurred (GL invoice update).Required: From the DFD in TB Figure 11.1 and the narrative description above, explode bubble 1.0 into a lower-level diagram showing the details of that process.