Term
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Definition
| performing service before you get paid |
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Definition
| paying up front and getting service later |
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Term
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Definition
| estimate how quick something will no longer be useful |
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Definition
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Term
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Definition
| area where customers may place an electronic order with a vendor |
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Term
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Definition
| customer send remittances to electronically to vendors bank |
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Term
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Definition
| EDI an EFT more efficient |
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Term
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Definition
| customer pays for shipping |
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Term
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Definition
| authorizes a credit of a customer's account |
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Term
| 3 cash collections need to be segregated? |
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Definition
| paying off other peoples accounts, authorizing credit memos, reconciling bank accounts |
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Term
| What is the best control procedure to reduce the risk of unanticipated cash shortfalls? |
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Definition
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Term
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Definition
| goes to vendor and request to return money to you |
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Term
| 3 components of voucher package |
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Definition
| vendor invoice, receiving report, and purchase order |
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Term
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Definition
| additional document called disbursement voucher is created here. list outstanding invoices, and correlates numerous invoices and pays it as one. similar to balance forward method |
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Term
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Definition
| made within voucher system, Id's supplier and the list they need to pay |
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Term
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Definition
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Definition
| database of employees pay and deductions |
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Definition
| lists year to date totals for gross, deductions, and net pay |
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Term
| 1. Which of the following expenditure cycle activities can be eliminated through the use of IT or reengineering. |
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Definition
| Approving Vendor Invoices |
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Term
| 3 Data processing integrity controls |
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Definition
| running totals, batch totals, cross footing the payroll register |
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Term
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Definition
| compares the ID code or account number in transaction data with similar data in the master file to verify account exists |
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Term
| COSO ERM 4 objectives mgmt. must meet to achieve company goals |
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Definition
| - strategic, compliance, reporting, and operations |
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Term
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Definition
| - bribes, conflict of interest, extortion, and illegal gratuities |
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Term
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Definition
| wireless access point, web server, mail server, and remote access server |
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Term
| 4 Components of a balanced scorecard |
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Definition
| financial, customer, innovation and learning, internal operations |
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Term
| 7 internal environment component’s |
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Definition
| mgmt. philosophy, human resource standards, commitment to integrity and ethics |
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Term
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Definition
| - checks accuracy of input data by using it to retrieve and display other related information |
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Term
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Definition
| verify the accuracy of journal voucher batch processing |
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Term
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Definition
| matching account numbers with account descriptions to ensure that the correct general ledger account is being accessed |
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Term
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Definition
| extensible Business Reporting Language |
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