Question 1

In the ER diagram for AP/CD process,CASH_DISBURSEMENTS are ______________________________ by EMPLOYEES (Treasury Employees).

Accepted Answer

authorized

Question 2

The Level 0 diagram of the AP/CD Process contains the two process bubbles of ______________________________ and ______________________________.

Accepted Answer

establish payable,make payment
make payment,establish payable

Question 3

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

Accepted Answer

receipt number
Rec_No

Question 4

The control plan independent validation of vendor invoice is directed primarily at which of the following control goals?

Accepted Answer

A)  select a vendor who will provide the best quality at the lowest price by the promised delivery date 
B)  input validity 
C)  input accuracy 
D)  input completeness 
A)  select a vendor who will provide the best quality at the lowest price by the promised delivery date 
B)  input validity 
C)  input accuracy 
D)  input completeness

Question 5

Data flows of an AP/CD process normally might include all of the following except:

Accepted Answer

A)  PO accounts payable notification 
B)  sales report 
C)  receiving report 
D)  vendor invoice 
A)  PO accounts payable notification 
B)  sales report 
C)  receiving report 
D)  vendor invoice

Question 6

The Level 0 diagram of the AP/CD Process contains the two process bubbles depicting the two major logical steps in the process: Establish payable and Approve checks.

Accepted Answer

A) True 
 B)False

Question 7

A(n)______________________________ is designed to reflect formal approval of a payment and to provide such added data as the account distribution and the amounts to be debited.

Accepted Answer

disburseme

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

To initiate an adjustment for returned goods or for a price allowance in the case of otherwise nonconforming goods,someone usually prepares a(n)______________________________ and sends it to the vendor.

Accepted Answer

The answer of To initiate an adjustment for returned goods...

Question 10

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 11

An enterprise system may facilitate the AP/CD process by linking:

Accepted Answer

A)  the PO and receiving report 
B)  the PO and invoice 
C)  the invoice and the related cash disbursements 
D)  all of the above 
A)  the PO and receiving report 
B)  the PO and invoice 
C)  the invoice and the related cash disbursements 
D)  all of the above

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

Which of the following items is not a control plan of the AP/CD process?

Accepted Answer

A)  check for authorized prices,terms,freight,and discounts 
B)  independent validation of vendor invoices 
C)  independent authorization to make payment 
D)  reconcile bank account 
A)  check for authorized prices,terms,freight,and discounts 
B)  independent validation of vendor invoices 
C)  independent authorization to make payment 
D)  reconcile bank account

Question 14

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 the...

Question 15

Below is a narrative for the "Make payment" portion (bubble 2.0)of the accounts payable/cash disbursements process described in Chapter 13.
Narrative Description
The payment process begins with the periodic preparation of a list of payments that might be made at this time (bubble 2.1).The selection of items for this list is based on payment due dates and terms that may indicate a discount can be taken for a payment at this time.The proposed list is reviewed and amended (bubble 2.2)to add additional invoices that are not due for payment yet but that can be consolidated with other payments being made to a vendor.Proposed payments may be removed from the list if there are insufficient funds or if payments to a vendor are on hold.
Bubble 2.3 depicts the process of preparing the disbursement,which is equal to the amount of the invoice less any discount taken.The payment is recorded by:
   
Required:
Using the DFD in TB Figure 13.7 and the narrative description above,identify the words that belong in items 1 to 9 of Diagram 2.0 (TB Figure 13.8).

Accepted Answer

NOTE TO INSTRUCTORS: This question repea

Question 16

The cashier usually reports to the controller.

Accepted Answer

A) True 
 B)False

Question 17

Independent authorization to make payment ensures that only authorized purchases are made.

Accepted Answer

A) True 
 B)False

Question 18

The ______________________________ triggers the "establish payable" process.

Accepted Answer

The answer of The ______________________________ triggers the "establish payable" process....

Question 19

The typical AP/CD process would capture and record data related to the day-to-day operations of all of the following departments except:

Accepted Answer

A)  shipping 
B)  cashier 
C)  receiving 
D)  activities for all of the above are captured and recorded by the AP/CD process. 
A)  shipping 
B)  cashier 
C)  receiving 
D)  activities for all of the above are captured and recorded by the AP/CD process.

Question 20

The vendor sends a confirmation to establish the payable.

Accepted Answer

A) True 
 B)False

In the ER diagram for AP/CD process,CASH_DISBURSEMENTS are ______________________________ by EMPLOYEES (Treasury Employees).

The Level 0 diagram of the AP/CD Process contains the two process bubbles of and .

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

The control plan independent validation of vendor invoice is directed primarily at which of the following control goals?

Data flows of an AP/CD process normally might include all of the following except:

The Level 0 diagram of the AP/CD Process contains the two process bubbles depicting the two major logical steps in the process: Establish payable and Approve checks.

A(n)______________________________ is designed to reflect formal approval of a payment and to provide such added data as the account distribution and the amounts to be debited.

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

To initiate an adjustment for returned goods or for a price allowance in the case of otherwise nonconforming goods,someone usually prepares a(n)______________________________ and sends it to the vendor.

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

An enterprise system may facilitate the AP/CD process by linking:

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

Which of the following items is not a control plan of the AP/CD process?

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.

The cashier usually reports to the controller.

Independent authorization to make payment ensures that only authorized purchases are made.

The ______________________________ triggers the "establish payable" process.

The typical AP/CD process would capture and record data related to the day-to-day operations of all of the following departments except:

The vendor sends a confirmation to establish the payable.

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 Oesprocess

The Billingaccounts Receivablecash Receipts Barcrprocess

The Purchasing Process

The Human Resources Process Hrmanagement and Payroll Processes

Integrated Production Processes IPP

The General Ledger and Business Reporting Glbrprocess

Acquiring and Implementing Accounting Information Systems

Filters

Exam 13: The Accounts Payablecash Disbursements Apcdprocess

In the ER diagram for AP/CD process,CASH_DISBURSEMENTS are ______________________________ by EMPLOYEES (Treasury Employees).

The Level 0 diagram of the AP/CD Process contains the two process bubbles of ______________________________ and ______________________________.

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

The control plan independent validation of vendor invoice is directed primarily at which of the following control goals?

Data flows of an AP/CD process normally might include all of the following except:

The Level 0 diagram of the AP/CD Process contains the two process bubbles depicting the two major logical steps in the process: Establish payable and Approve checks.

A(n)______________________________ is designed to reflect formal approval of a payment and to provide such added data as the account distribution and the amounts to be debited.

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

To initiate an adjustment for returned goods or for a price allowance in the case of otherwise nonconforming goods,someone usually prepares a(n)______________________________ and sends it to the vendor.

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

An enterprise system may facilitate the AP/CD process by linking:

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

Which of the following items is not a control plan of the AP/CD process?

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.

The cashier usually reports to the controller.

Independent authorization to make payment ensures that only authorized purchases are made.

The ______________________________ triggers the "establish payable" process.

The typical AP/CD process would capture and record data related to the day-to-day operations of all of the following departments except:

The vendor sends a confirmation to establish the payable.

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 Oesprocess

The Billingaccounts Receivablecash Receipts Barcrprocess

The Purchasing Process

The Human Resources Process Hrmanagement and Payroll Processes

Integrated Production Processes IPP

The General Ledger and Business Reporting Glbrprocess

Acquiring and Implementing Accounting Information Systems

Filters

The Level 0 diagram of the AP/CD Process contains the two process bubbles of and .