Accounting Information Systems

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



Accounting Information Systems

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

Personnel at C&P Company must perform the following functions:

  1. 1. Receive checks and remittance advice from customers.
  2. 2. Approve vendor invoices for payment and prepare checks.
  3. 3. Approve credit memoranda for customer sales returns.
  4. 4. Record collections on account from customers.
  5. 5. Record customer sales returns.
  6. 6. Make daily deposits of cash receipts.
  7. 7. Sign payment checks and mail them to vendors.
  8. 8. Record cash payments to vendors.
  9. 9. Record purchase returns and allowances.
  10. 10. Reconcile the bank account each month.

C&P has three employees, Grant, Jordyn, and James, any of whom is capable of performing any of the 10 functions.

Explain how you would divide the 10 functions among the three employees to optimize the segregation of duties control plan discussed in the chapter. Consider only control aspects when allocating the duties. In other words, ignore factors such as the workload of each employee, except that any one employee should be assigned a minimum of two functions. Your solution should also include a one-paragraph explanation of how your design accomplishes the control goals that segregation of duties is supposed to achieve.

Summary Introduction

To determine: The person who is responsible for the given option.


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.


Given functions:

Company C has three employees who are Person G, Person JO, and Person JA:

Determine the person who is responsible for each function given:

Person G is responsible for receiving checks and remittance advice from customers, mailing the signed payment checks to vendors, and making daily deposits of receipts. He can perform the job of the cashier...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Describe the two-stage process for departmental overhead rates.

Managerial Accounting: The Cornerstone of Business Decision-Making

Would it be possible for a company to report negative free cash flow and still be highly valued by investors; t...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

List the three steps followed under the gross profit method of estimating inventory.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)