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Exam 13: The Accounts Payablecash Disbursements Apcd Process

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Question 1

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Usually the theft of cash entails ________________ or fraudulent _________________________.

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check forgery, wire ...

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Question 2

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The ______________________________ is an interacting structure of people, equipment, activities, and controls that is designed to accomplish the handling of repetitive work routines of the AP department and the cashier, support their decision needs, and assist in the preparation of internal and external reports.

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AP/CD process

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The ______________________________ data is a repository of all unpaid vendor invoices.

The document one business sends to another business that identifies the amount to be paid is:

The notification of an obligation to pay a vendor for merchandise that was ordered and received is known as a(n) ______________________________.

When it is time to make a payment, an approved voucher is sent to the accounts payable department.

The cashier usually reports to the controller.

In a relational table for VALID_INVOICES, the primary key would be the vendor number.

The control plan ______________________________ matches records of cash disbursements to bank records to ensure that all disbursements actually made by the bank were authorized and accurate.

Payments not typically supported by invoices include:

Within the make payment process, the three sub-processes are "Prepare proposed payments", "Select and record payments," and ______________________________.

In a voucher system, the data flow between the originating department and the process "prepare disbursement voucher" typically is:

The Level 0 diagram of the AP/CD Process contains the two process bubbles depicting the two major logical steps in the process: Establish payable and Approve checks.

Purchase returns and allowances usually occur at the point of inspecting and counting the goods or at the point of validating vendor invoices.

The control plan ______________________________ requires that the authority for recording a vendor invoice come from the purchase order and receiving report created by entities other than the entity that records the vendor invoice.

The ______________________________ data shows, in chronological sequence, the details of each cash payment made.

A company using a centralized database approach to data management might not maintain a relational table for ACCOUNTS PAYABLE. Rather, accounts payable balances at any point in time could be computed as the difference between the relations for which of the following continuous events?

Which control is most likely to address the goal of input completeness?

TB Figure 13.9 is the control matrix for the accounts payable/cash disbursements process presented in Chapter 13, but with certain items omitted. In the matrix, each omission is indicated by a box. Jumbled lists of the omitted items are as follows: Required: Complete the matrix in parts 1 and 2 of TB Figure 13.9 below by placing one of the numbers, 1 through 14 from the above lists, in each empty box.

To ensure that a vendor invoice is recorded accurately and that items on the invoice were ordered and received requires that we ______________________________.