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The following is a list of six control plans from this chapter or from Chapters 9, 10, and 11. This is followed by a list of five statements describing either the achievement of a control goal (i.e., a system success) or a system deficiency (i.e., a system failure). Match the five control goals or systems deficiencies with a control plan that would best achieve the desired goal or prevent the system deficiency. Each letter may be used only once, with one letter left over. Control Plans A. One-for-one checking of goods received to open PO and vendor packing slip B. Inspect goods before acceptance C. Compare vendors for price, reliability and quality D. Employ automated data entry (e.g., RFID, bar codes) E. Provide receiving with blind copy of PO F. Monitor open POs Control Goals or System Deficiencies 1. The process in receiving for counting and recording goods is time consuming and error prone. 2. Poor quality goods are received and put in inventory. 3. Product unit costs vary from vendor to vendor, yet the lowest price is not always used. 4. Goods recorded as received do not match what was ordered and sent by the vendor. 5. Goods are not being received in a timely manner.

BuyFind

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
Publisher: Cengage Learning
ISBN: 9781337552127
BuyFind

Accounting Information Systems

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

Solutions

Chapter
Section
Chapter 12, Problem 4SP
Textbook Problem

The following is a list of six control plans from this chapter or from Chapters 9, 10, and 11. This is followed by a list of five statements describing either the achievement of a control goal (i.e., a system success) or a system deficiency (i.e., a system failure). Match the five control goals or systems deficiencies with a control plan that would best achieve the desired goal or prevent the system deficiency. Each letter may be used only once, with one letter left over.

Control Plans

  1. A. One-for-one checking of goods received to open PO and vendor packing slip
  2. B. Inspect goods before acceptance
  3. C. Compare vendors for price, reliability and quality
  4. D. Employ automated data entry (e.g., RFID, bar codes)
  5. E. Provide receiving with blind copy of PO
  6. F. Monitor open POs

Control Goals or System Deficiencies

  1. 1. The process in receiving for counting and recording goods is time consuming and error prone.
  2. 2. Poor quality goods are received and put in inventory.
  3. 3. Product unit costs vary from vendor to vendor, yet the lowest price is not always used.
  4. 4. Goods recorded as received do not match what was ordered and sent by the vendor.
  5. 5. Goods are not being received in a timely manner.

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Accounting Information Systems
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