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Admin Processes & Controls in Accounting

The document outlines a tutorial on administrative processes and controls in accounting information systems. It includes questions regarding the characteristics of administrative processes, internal control environments, and the manual accounting cycle. Additionally, it addresses the segregation of duties and the impact of IT enablement on general ledger authorization.

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Wael Ayari
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14 views2 pages

Admin Processes & Controls in Accounting

The document outlines a tutorial on administrative processes and controls in accounting information systems. It includes questions regarding the characteristics of administrative processes, internal control environments, and the manual accounting cycle. Additionally, it addresses the segregation of duties and the impact of IT enablement on general ledger authorization.

Uploaded by

Wael Ayari
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

TURNER, WEICKGENNANT & COPELAND ACCOUNTING INFORMATION SYSTEMS CONTROLS AND PROCESSES

TUTORIAL 8

CHAPTER 12

ADMINISTRATIVE PROCESSES AND CONTROLS

Required: Answer the following questions:

1. What characteristics of administrative processes are different from the


characteristics of revenue, expenditures or conversion processes?
2. Explain the internal control environment of source of capital and investment
processes.
3. Why are internal controls less effective in capital and investment processes?
4. Describe the steps in a manual accounting cycle.
5. Distinguish between internal and external reports.
6. To properly segregate duties, what are the three functions that general ledger
employees should not do?
7. How does the extent of IT enablement affect the authorization to post to the general
ledger?
8. Assume the following modules are visible on a screen capture from Microsoft
Dynamics GP accounting/ ERP software:

 Financial
 Sales
 Purchasing
 Inventory
 Payroll
 Manufacturing
 Fixed assets

For each of the following transactions listed, explain which module you would
choose:

Entering an invoice received from a supplier


Entering the receiving of materials at the shipping dock
Entering a check received in payment of an account receivable
Posting a batch of sales invoices to the general ledger
Entering hours worked by employees
Printing checks for suppliers

1
TURNER, WEICKGENNANT & COPELAND ACCOUNTING INFORMATION SYSTEMS CONTROLS AND PROCESSES

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