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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

What are the key controls associated with the billing business process? Explain each control.

Summary Introduction

To explain: The key controls associated with the billing business process.

Introduction:

B/AR/CR process:

It is an accounting process with an interacting structure of different process supporting the decision-making activities of the financial managers.

Explanation

The key controls associated with the billing business process:

  • Reviewing of shipping orders not billed sales orders.
  • The shipping notice will be compared with the shipping order master data.
  • Independent billing authorization.
  • Inspection for the authorized prices, terms, freight and the discounts...

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