Question

56)

Fundamentally, a voucher process for cash payments differs from a nonvoucher process in that ______.

(2pts)

all cash payments require explicit management approval under a voucher system but not under a nonvoucher system

a voucher systems is required for invoiced disbursements and a nonvoucher system is required for noninvoiced payments

all events requiring cash expenditure must initially be recorded as liabilities under a voucher system but not under a nonvoucher system

a voucher system requires the support of a receiving report before payment may be authorized but a nonvoucher system does not

All of the above

None of the above

57)

The reconciliation of attendance time data and job time data addresses which of the following control objectives the least?

(2pts)

Input completness

Comply with requirements of payroll and tax laws and regulations

Ensure efficient employment of resources

Input validity

Input accuracy

58)

Which one of the following is not a standard component of a balanced scorecard?

(2pts)

Customers

Innovation and improvement activities

External business processes

Financial

All of the above

None of the above

59)

XBRL is a specialized implementation of XML that utilizes a specialized ______ for tagging business reporting information.

(2pts)

schema

taxonomy

balanced scorecard

audit trail

paradigm

All of the above

None of the above

60)

in a normalized database for an AP/CD process, a Payment Relations table would most directly serve a junction table for the _____.

(2pts)

Inventory and Purchase Requisitions tables

Valid Invoices and Vendors tables

Valid Invoices and Banks tables

Valid Invoices and Cash Disbursements tables

All of the above

None of the above

61)

The payroll register is the basis for ____.

(2pts)

preparation of a payroll disbursement voucher

reconiling the payroll journal and the payroll bank account

recording time worked by each employee

recording hours worked on each job

62)

The process of exploding the bill of materials (BOM) results in a(n) __________.

(2pts)

CAD diagram

master production schedule

time-phased order requirements schedule

routing master

All of the above

None of the above

63)

A common fraud affecting accounts receivable is ______.

(2pts)

disguised purchases

stacking

kiting

lapping

All of the above

None of the above

64)

In a sales order input screen, the postal code field is set to accept only numbers. This is an example of a _____.

(2pts)

limit check

format check

check digits check

mathematical accuracy check

All of the above

None of the above

65)

The term "blind copy" generally refers to ________.

(2pts)

the copy of the purchase requisition that is sent to the warehouse

the copy of the purchase order that is sent to the vendor

the copy of the purchase order that is sent to the receiving department

the copy of the purchase order that is sent to the requisitioning department

All of the above

None of the above

66)

In a normalized database for the OE/S process, the Sales Relations table is a junction table relative to ________.

(2pts)

the Customers and Shipments tables

the Sales Orders and Inventory tables

the Cusomters and Sales Orders tables

the Sales Orders and Sales Invoices tables

All of the above

None of the above

Answer 1