Questions from Accounting Information Systems

Q: Explain how procurement cards provide for increased efficiencies in the accounts payable

Explain how procurement cards provide for increased efficiencies in the accounts payable department.

Q: Sales and inventory purchases are routine processes that occur nearly every day

Sales and inventory purchases are routine processes that occur nearly every day in a business. How are these routine processes different from payroll or fixed asset processes?

Q: Why do you think management should specifically approve all employees hired?

Why do you think management should specifically approve all employees hired?

Q: Explain why an employee’s individual record is accessed frequently, but changed

Explain why an employee’s individual record is accessed frequently, but changed relatively infrequently.

Q: Explain two things that should occur to ensure that hours worked on

Explain two things that should occur to ensure that hours worked on a time card are accurate and complete.

Q: Why is batch processing well suited to payroll processes?

Why is batch processing well suited to payroll processes?

Q: Explain why categorizing fixed asset expenditures as expenses or capital assets is

Explain why categorizing fixed asset expenditures as expenses or capital assets is important.

Q: What are some of the practical characteristics of fixed assets that complicate

What are some of the practical characteristics of fixed assets that complicate the calculation of depreciation?

Q: For each category of business processes (revenue, expenditure, conversion

For each category of business processes (revenue, expenditure, conversion, and administrative), give an example of a business process.

Q: What is different about the nature of fixed asset purchasing that makes

What is different about the nature of fixed asset purchasing that makes authorization controls important?