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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 terms of effectiveness and efficiency of operations, as well as of meeting the generic information system control goals of validity, completeness, and accuracy, what are the arguments for and against each of the following?

  1. a. Sending a copy of the vendor invoice to the purchasing department for approval of payment.
  2. b. Sending a copy of the vendor invoice to the requisitioning department for approval of payment.

a)

Summary Introduction

To determine: The arguments for and against sending a copy of the invoice to the purchasing department for approval of payment.

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

Determine the arguments for and against sending a copy of the invoice to the purchasing department for approval of payment:

This is resulting in losing a discount, as the review by the purchasing department might delay the payment establishment.

In order to ensure the accuracy and validity of the invoice, purchasing personnel can review the invoice...

b)

Summary Introduction

To determine: The arguments for and against sending a copy of the invoice to the requisitioning department for approval of payment.

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.

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