accounting information systemAssignment Week 3.docx

F requiring that a copy of the receiving report be

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F) Requiring that a copy of the receiving report be routed through the inventory stores department prior to going to accounts payable . 1 - Doing this would help ensure that was ordered was what was received and placed in inventory before it as paid for. 2 – Send a copy and tell then to check the inventory and sign the report before forwarding it on. G) Require a regular reconciliation of the bank account by someone other than the person responsible for writing the checks. 1 - Someone who has no access to the check has to do the reconciliation based on the information as to where if they write the check, they can steal money and cover it up on the reconciliation. 2 – Designate a person who has no other access to the bank account to do the reconciliation. H) Maintain an approved supplier list and checking that all purchases are issued only to suppliers on that list. 1 - Approved suppliers have been verified by your company and delivers what you order. 2 – Designate someone to create a list of suppliers the company has approved then send all purchase orders before approval to this person who will approve the order if the supplier is on the list. Problem 16.6 - Interactive Data (The SEC’s Term XBRL reports)
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The U.S. Securities and Exchange Commission is impacted with the aspect of protecting investors, promoting fairness in the securities markets, and sharing information regarding companies and investment professionals to assist investors in making informed decisions while investing in confidence. It also facilitates capital formation on various companies while enforcing federal security laws and regulating securities markets. Provision of iterative data on various companies is
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  • Fall '08
  • Staff
  • Ford Motor Company, U.S. Securities and Exchange Commission, McDonalds Corporation

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