Question 1

A purchase order is an internal document created to request the procurement of something so that it is available at a certain point in time.

Accepted Answer

A) True 
 B)False

Question 2

SAP ERP contains more than one human resource module.The module that incorporates organizational structure represented as an administrative hierarchy composed of units is

Accepted Answer

A)  time management. 
B)  personnel planning and development. 
C)  payroll. 
D)  personnel administration. 
A)  time management. 
B)  personnel planning and development. 
C)  payroll. 
D)  personnel administration.

Question 3

Which of the following normally receives a copy of the purchase requisition?

Accepted Answer

A)  Vendor 
B)  Stores 
C)  Purchasing 
D)  Receiving department 
A)  Vendor 
B)  Stores 
C)  Purchasing 
D)  Receiving department

Question 4

When using a built-up voucher system,the account "Vouchers Payable" is used in addition to "Accounts Payable."

Accepted Answer

A) True 
 B)False

Question 5

With respect to the segregation of duties,the main function of cash disbursements is

Accepted Answer

A)  custody of assets. 
B)  authorization. 
C)  reconciliation. 
D)  recording of transactions. 
A)  custody of assets. 
B)  authorization. 
C)  reconciliation. 
D)  recording of transactions.

Question 6

The type of purchase order a vendor receives when the vendor must receive and assemble parts into an end product is known as a

Accepted Answer

A)  third-party purchase order. 
B)  standard purchase order. 
C)  stock transport purchase order. 
D)  subcontract purchase order. 
A)  third-party purchase order. 
B)  standard purchase order. 
C)  stock transport purchase order. 
D)  subcontract purchase order.

Question 7

SAP ERP contains the ________ and the ________ HR modules.

Accepted Answer

PA; PD
PD;

Question 8

ERP Master Material records contain so much data that they are organized as ________.

Accepted Answer

The answer of ERP Master Material records contain so much...

Question 9

Risk assessment for the payroll business process is required for compliance with Sarbanes-Oxley.

Accepted Answer

A) True 
 B)False

Question 10

The SAP ERP HR object code for the object Job is ________.

Accepted Answer

The answer of The SAP ERP HR object code for...

Question 11

A timekeeping system in which all employee attendance and absence information is maintained is

Accepted Answer

A)  comprehensive time management. 
B)  negative timekeeping system. 
C)  positive timekeeping system. 
D)  complex timekeeping system. 
A)  comprehensive time management. 
B)  negative timekeeping system. 
C)  positive timekeeping system. 
D)  complex timekeeping system.

Question 12

Match between columns
                        Premises:  Rattlesnake Wire Company's purchasing manager selected his brother-in-law as a vendor and received a kickback for providing the business.
 Blazing Saddles Corporation ordered goods that receiving personnel stole. Receiving prepared a receiving report and sent it to accounts payable. The company unknowingly paid for the stolen goods.
 The production manager at Ghost Manufacturing Company told the payroll department he had hired a new employee. On payday, the paymaster could not find the employee and upon investigation, found that the employee did not exist.
 Price Company's purchasing department ordered goods requested by the maintenance department by phone. When the goods arrived, the maintenance department claimed that the goods were of such poor quality they could not be used.
 Connecticut Yankee Manufacturing Company ordered goods that were never received. The company, as a matter of standard policy, paid the invoice.
 Southern Star Manufacturing Company's payroll department routinely distributed paychecks on payday. The payroll supervisor suddenly quit her job. On the next payday, the payroll department could not find employees to claim two paychecks.
 Panhandle Products Company cannot easily identify vendors, and consistently selects vendors whose goods are overpriced and whose delivery schedules are too slow for Panhandle's needs.
 Lone Star Production Company received goods that were never ordered. The company paid the invoice.
 Half Moon Manufacturing Company's production manager is unsure that the second shift employees are working all hours reported on the job time tickets.
 The internal auditor of Eastern Overboard Company prepares the bank reconciliation. He has difficulty managing the large number of outstanding checks at month-end in the bank reconciliation. Most of the outstanding checks are employee paychecks.

Accepted Answer

The Answer of Separation of payroll and personnel departments and is...

Question 13

In the ERP system there are ________ data structures which provide the basis for the storage and manipulation of data.

Accepted Answer

The answer of In the ERP system there are ________...

Question 14

Discuss why the buyer-vendor relationship is the most critical point of control in the procurement business process,and describe two procedures that can improve control in the buyer-vendor relationship.

Accepted Answer

The buyer-vendor relationship is the m

Question 15

The basic information about what the U.S.government requires with respect to payroll is outlined in the Internal Revenue Service's publication called ________ ________.

Accepted Answer

The answer of The basic information about what the U.S.government...

Question 16

Management and auditors must be concerned with evaluating the existence and functioning of controls as they are necessary to protect against the risk of

Accepted Answer

A)  material misstatements. 
B)  fraud. 
C)  management misrepresentations. 
D)  human errors. 
A)  material misstatements. 
B)  fraud. 
C)  management misrepresentations. 
D)  human errors.

Question 17

In ERP,every module can access every master record.

Accepted Answer

A) True 
 B)False

Question 18

Because the procurement business process generates revenue amounts that are considered to be significant accounts,disclosures,and assertions on a company's income statement,risk assessment of the procurement business process is necessary for compliance with Sarbanes-Oxley.

Accepted Answer

A) True 
 B)False

Question 19

The most often used feature in the SAP ERP HR modules is the ________ ________ feature.

Accepted Answer

The answer of The most often used feature in the...

Question 20

For compliance with SOX,assessed risk for business processes must be clearly

Accepted Answer

A)  tested and reported to FASB. 
B)  documented on form Circular E and submitted to the SEC. 
C)  tested and checked for material irregularities. 
D)  documented and controls selected for testing and evaluation. 
A)  tested and reported to FASB. 
B)  documented on form Circular E and submitted to the SEC. 
C)  tested and checked for material irregularities. 
D)  documented and controls selected for testing and evaluation.

A purchase order is an internal document created to request the procurement of something so that it is available at a certain point in time.

SAP ERP contains more than one human resource module.The module that incorporates organizational structure represented as an administrative hierarchy composed of units is

Which of the following normally receives a copy of the purchase requisition?

When using a built-up voucher system,the account "Vouchers Payable" is used in addition to "Accounts Payable."

With respect to the segregation of duties,the main function of cash disbursements is

The type of purchase order a vendor receives when the vendor must receive and assemble parts into an end product is known as a

SAP ERP contains the and the HR modules.

ERP Master Material records contain so much data that they are organized as ________.

Risk assessment for the payroll business process is required for compliance with Sarbanes-Oxley.

The SAP ERP HR object code for the object Job is ________.

A timekeeping system in which all employee attendance and absence information is maintained is

In the ERP system there are ________ data structures which provide the basis for the storage and manipulation of data.

Discuss why the buyer-vendor relationship is the most critical point of control in the procurement business process,and describe two procedures that can improve control in the buyer-vendor relationship.

The basic information about what the U.S.government requires with respect to payroll is outlined in the Internal Revenue Service's publication called .

Management and auditors must be concerned with evaluating the existence and functioning of controls as they are necessary to protect against the risk of

In ERP,every module can access every master record.

Because the procurement business process generates revenue amounts that are considered to be significant accounts,disclosures,and assertions on a company's income statement,risk assessment of the procurement business process is necessary for compliance with Sarbanes-Oxley.

The most often used feature in the SAP ERP HR modules is the feature.

For compliance with SOX,assessed risk for business processes must be clearly

Accounting Information Systems: An Overview

Systems Techniques and Documentation

Ebusiness and Ecommerce

Transaction Processing and the Internal Control Process

Fraud Examination and Fraud Management

Information Systems Security

Electronic Data Processing Systems

Revenue Cycle Processes

The Production Business Process

Systems Planning, analysis, and Design

Systems Project Management, implementation, operation, control

Data Management Concepts

Auditing Information Technology

Filters

Exam 9: Procurement and Human Resources Business Processes

A purchase order is an internal document created to request the procurement of something so that it is available at a certain point in time.

SAP ERP contains more than one human resource module.The module that incorporates organizational structure represented as an administrative hierarchy composed of units is

Which of the following normally receives a copy of the purchase requisition?

When using a built-up voucher system,the account "Vouchers Payable" is used in addition to "Accounts Payable."

With respect to the segregation of duties,the main function of cash disbursements is

The type of purchase order a vendor receives when the vendor must receive and assemble parts into an end product is known as a

SAP ERP contains the ________ and the ________ HR modules.

ERP Master Material records contain so much data that they are organized as ________.

Risk assessment for the payroll business process is required for compliance with Sarbanes-Oxley.

The SAP ERP HR object code for the object Job is ________.

A timekeeping system in which all employee attendance and absence information is maintained is

In the ERP system there are ________ data structures which provide the basis for the storage and manipulation of data.

Discuss why the buyer-vendor relationship is the most critical point of control in the procurement business process,and describe two procedures that can improve control in the buyer-vendor relationship.

The basic information about what the U.S.government requires with respect to payroll is outlined in the Internal Revenue Service's publication called ________ ________.

Management and auditors must be concerned with evaluating the existence and functioning of controls as they are necessary to protect against the risk of

In ERP,every module can access every master record.

Because the procurement business process generates revenue amounts that are considered to be significant accounts,disclosures,and assertions on a company's income statement,risk assessment of the procurement business process is necessary for compliance with Sarbanes-Oxley.

The most often used feature in the SAP ERP HR modules is the ________ ________ feature.

For compliance with SOX,assessed risk for business processes must be clearly

Accounting Information Systems: An Overview

Systems Techniques and Documentation

Ebusiness and Ecommerce

Transaction Processing and the Internal Control Process

Fraud Examination and Fraud Management

Information Systems Security

Electronic Data Processing Systems

Revenue Cycle Processes

The Production Business Process

Systems Planning, analysis, and Design

Systems Project Management, implementation, operation, control

Data Management Concepts

Auditing Information Technology

Filters

SAP ERP contains the and the HR modules.

The basic information about what the U.S.government requires with respect to payroll is outlined in the Internal Revenue Service's publication called .

The most often used feature in the SAP ERP HR modules is the feature.