收益循环作业.docVIP

1) Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required: Match the letter next to each definition with the appropriate term. Each answer will be used only once. ________ 1. Remittance list ________ 2. Credit memo ________ 3. Open-item processing ________ 4. Bill of lading ________ 5. Invoice ________ 6. Balance-forward processing ________ 7. Sales order ________ 8. Inquiry ________ 9. Goods issue notice ________ 10. Float A. Documentation which is forwarded to the billing function to evidence a shipment to a customer B. Invoice received from a carrier for shipments C. The time between the signing of the payment check by a customer and the moment the firm has use of the funds D. A form used to document reductions to a customers account due to sales returns or allowances E. A customers remittances are applied against a customers outstanding balance rather than against individual invoices F. A listing of customer payments in cash and by check that is prepared for control purposes G. A document similar to a quotation that does not contain delivery information H. A document that informs a customer of charges for goods or services rendered I. A customers remittances are applied against individual invoices rather than a customers outstanding balance J. A document prepared to initiate the shipment of goods to a customer 2) The following ten paragraphs describe control weaknesses in customer order and account management business processes. Listed below are 11 controls that may help control the weaknesses: A. Customer credit check B. Master price list independent from Order Entry C. Credit department approval of customer account adjustments D. Independent confirmation from internal audit to customer E. Independent confirmation from Accounts Receivable to customer F. Balance the posted remittance advices to the remittance list in Accounts Receivable G. Customer audit H. Billing information generated fro