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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

In the physical implementation depicted in Figure 13.10, the computer updated the accounts payable data upon receipt of a vendor invoice (a clerk handled any exceptions). Describe the procedures that you believe should control that process.

Summary Introduction

To determine: The procedures should control the process explained in the given diagram.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Given diagram:

Describe the procedures should control the process explained in the given diagram:

Business process or application control and entity-level or pervasive or IT general controls are the categories, which would control the process.

A business process or application control:

In order to determine that the invoice is not from unauthorized sources and to make sure that the order is from the valid vendor, the value-added network or Electronic Data Interchange (EDI) translator can be used. Digital signatures can be used for this purpose. The incoming invoices should be matched with the vendor master data to determine the validity of the vendor.

The invoice to the receiving report and the PO should match the accounts payable program...

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