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Match the concept in List 1 with the definition or description in List 2. There is only one correct or best answer for each match. Therefore, you should have two letters left over from List 1. List 1—Concepts A. Application (i.e., automated) control B. Corrective control C. Control environment D. Input validity E. Input completeness F. Efficient use of resources G. Business process (i.e., manual) control H. Preventive control I. Detective control J. Input accuracy K. Update completeness L. Update accuracy List 2—Definitions/Descriptions _____ 1. Insurance policy reimburses a company for losses due to a fire in a warehouse. _____ 2. Shipping notices have a serial number that is tracked to ensure that they are all input. _____ 3. Computer reviews each input to ensure that all required data are included. _____ 4. Inventory movements are tracked with a scanner to reduce manual counting. _____ 5. Purchase orders are signed by the purchase order supervisor to approve the purchase. _____ 6. Computer operators verify dates and serial numbers of master data stores to ensure that the proper version is used. _____ 7. Count inventory items every year to ensure that inventory records are accurate. _____ 8. A clerk takes the received payment checks to the bank at the end of the day. _____ 9. Visitors must be approved by a security guard before entering a building. _____ 10. A code of conduct must be read and signed by all new employees.

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 7, Problem 1P
Textbook Problem

Match the concept in List 1 with the definition or description in List 2. There is only one correct or best answer for each match. Therefore, you should have two letters left over from List 1.

List 1—Concepts

  1. A. Application (i.e., automated) control
  2. B. Corrective control
  3. C. Control environment
  4. D. Input validity
  5. E. Input completeness
  6. F. Efficient use of resources
  7. G. Business process (i.e., manual) control
  8. H. Preventive control
  9. I. Detective control
  10. J. Input accuracy
  11. K. Update completeness
  12. L. Update accuracy

List 2—Definitions/Descriptions

     _____ 1. Insurance policy reimburses a company for losses due to a fire in a warehouse.

     _____ 2. Shipping notices have a serial number that is tracked to ensure that they are all input.

     _____ 3. Computer reviews each input to ensure that all required data are included.

     _____ 4. Inventory movements are tracked with a scanner to reduce manual counting.

     _____ 5. Purchase orders are signed by the purchase order supervisor to approve the purchase.

     _____ 6. Computer operators verify dates and serial numbers of master data stores to ensure that the proper version is used.

     _____ 7. Count inventory items every year to ensure that inventory records are accurate.

     _____ 8. A clerk takes the received payment checks to the bank at the end of the day.

     _____ 9. Visitors must be approved by a security guard before entering a building.

     _____ 10. A code of conduct must be read and signed by all new employees.

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Accounting Information Systems
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