Payment Of The Vendor Master Data Into Acl

Scenario: Richman Investments provides high-end smartphones to several employees. The value of each smartphone is $500, and approximately 1,000 employees have these company-owned devices. In the past year, employees have lost or damaged 75 smartphones .

In the sample, the suppliers will be measured by a HHI as to show market concentration. It would not be

First, we conducted risk-based approach with data analysis techniques-unusual invoice and unusual comments, to identify the unusual items that are in the accounts receivable detailed listing, and tested whether there are invoices outside the expected range of invoice number and “special” comments associated with accounts receivable items. As a result, there were no invoice number out of range, and Invoice 1000919, 1000845, 1001097 are “special” comments associated with accounts receivable.

This control is directly related to the accuracy transaction-related audit objective for sales. The auditor might test the effectiveness of this control by examining a sample of duplicate sales invoices for the clerk’s initials indicating that the unit selling price was verified.

Commands: I did a count command on the Shipping document number column, and the sales invoice number column, and both columns contained 383 records. I also visually skimmed the columns to make sure there were no blank cells. I then performed a duplicates command on both columns to make sure there were no duplicates, and each sales invoice had a unique shipping document number.

5. No because the amount of the invoice fluctuates for the same product in this type of scheme and therefore it would be difficult to figure out how much the invoice should have been made out for.

Sales invoices are prepared in batches on a daily basis using numbered sales invoices. Sales invoice numbers are automatically generated by the company’s computer system. The accounts receivable clerk does not have appropriate computer rights to override the computer-generated invoice number. Upon preparing sales invoices, the accounts receivable clerk verifies that the first invoice number of the batch is consistent with the last invoice number of the previous batch. Inconsistencies or skipped sales invoice numbers are investigated and resolved before new sales invoices are prepared. The items shipped are compared to the items billed for proper quantity, price, and other sales order terms.

There are several red flags in the invoices. There are several invoice numbers that are repeated and have an A at the end of the repeated invoice.

STATS 415 Data Mining Project Insights into the prediction of the default payment through the history of payments, the amount of previous payment and the amount of bill payment

Table 4 shows the total number of transaction scanned to find frequent itemsets for Original Apriori and I2Apriori.

Supplier A: EOQ = Square root of (2 x 1500 x $1,000) = S.R. of 3,000,000 = 209

The objective of this document is for TradeShift invoices and the scanned image of the invoice to be linked up together and automatically marked as audited therefore bypassing the APGO audit screens and moving into the APGO History screens.

d. Trace the date, check number, and amount of outstanding item – Occurrence & Completeness. (AU-C 315.A114 a.i-ii)

Due to business growth and expansion, vendors may have multiple active vendor records, but they should have unique vendor numbers and remitting addresses. To examine if the vendor master file followed this business rule, we ran some tests in Excel. We used the concatenation, sort & filter, and conditional formatting functions to identify the duplicates and then reviewed each vendor.

Computer Company F’s Net Income is 3.3% of its total sales, while Computer Company E’s Net Income is 6.2% of its total sales. Computer Company F’s lower net income could be a result of its “beginning to recover from a dramatic decline in its market share”, which is why I believe Computer Company F is Company 2.