Account Receivable Report – Accounting And Finance

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Account Receivable Report – Accounting And Finance

The key terms in these Finance chapters include Account Receivable Report.


Identify a useful tool for monitoring accounts receivable.

accounts receivable aging reportCorrect

accounts receivable tolerance report

ERP exception report

customer credit limit report


By using an ERP to merge the billing, sales, and marketing functions, the firm may be able to

bill the customer right after the sale occurs.

use customer’s past purchase history to send information about related products and services the customer may be interested in.Correct

market products and services on bills sent to customers.

eliminate the need for a firm to have a billing, sales, and marketing department.


Key differences exist when an integrated Enterprise Resource Planning system (ERP) replaces an existing AIS or legacy system. For example, ________ are more accurate and timely, enabling sales order entry staff to provide customers more accurate information about delivery dates.

cash receipts

inventory recordsCorrect

exception reports

credit approval decisions


The risks associated with over-production are likely of greatest concern to which company below?

a manufacturer of printer paper

a manufacturer that produces designer clothingCorrect

a cereal manufacturer

a mailbox manufacturer


Identify one control that can be used to mitigate the threat of under-production.

analysis of warranty and repair costs

insurance

encryption

production planning systemsCorrect


How can CAD software help improve the efficiency and effectiveness of the product design process?

It can eliminate the costs associated with creating and destroying physical prototypes.Correct

All of the above

It can store all the data associated with all products.

It can simulate how new products will be manufactured.


Identify a useful tool for monitoring accounts receivable.

accounts receivable aging reportCorrect

accounts receivable tolerance report

ERP exception report

customer credit limit report


By using an ERP to merge the billing, sales, and marketing functions, the firm may be able to

bill the customer right after the sale occurs.

use customer’s past purchase history to send information about related products and services the customer may be interested in.Correct

market products and services on bills sent to customers.

eliminate the need for a firm to have a billing, sales, and marketing department.


Account Receivable Report – Accounting And Finance


Key differences exist when an integrated Enterprise Resource Planning system (ERP) replaces an existing AIS or legacy system. For example, ________ are more accurate and timely, enabling sales order entry staff to provide customers more accurate information about delivery dates.

cash receipts

inventory recordsCorrect

exception reports

credit approval decisions


________ is not a basic activity of the revenue cycle.

Sales order entry

ReceivingCorrect

Billing

Shipping


Which of the following is not a general threat to the revenue cycle?

inaccurate master data

unauthorized disclosure of sensitive information

loss of customersCorrect

poor performance


During the sales order entry process, a ________ is performed to verify that each transaction record contains all appropriate data items.

redundant data check

field check

reasonableness test

completeness testCorrect


Identify a useful tool for monitoring accounts receivable.

accounts receivable aging reportCorrect

accounts receivable tolerance report

ERP exception report

customer credit limit report


By using an ERP to merge the billing, sales, and marketing functions, the firm may be able to

bill the customer right after the sale occurs.

use customer’s past purchase history to send information about related products and services the customer may be interested in.Correct

market products and services on bills sent to customers.

eliminate the need for a firm to have a billing, sales, and marketing department.


Key differences exist when an integrated Enterprise Resource Planning system (ERP) replaces an existing AIS or legacy system. For example, ________ are more accurate and timely, enabling sales order entry staff to provide customers more accurate information about delivery dates.

cash receipts

inventory recordsCorrect

exception reports

credit approval decisions


________ is not a basic activity of the revenue cycle.

Sales order entry

ReceivingCorrect

Billing

Shipping


Which of the following is not a general threat to the revenue cycle?

inaccurate master data

unauthorized disclosure of sensitive information

loss of customersCorrect

poor performance


During the sales order entry process, a ________ is performed to verify that each transaction record contains all appropriate data items.

redundant data check

field check

reasonableness test

completeness testCorrect


Identify a useful tool for monitoring accounts receivable.

accounts receivable aging reportCorrect

accounts receivable tolerance report

ERP exception report

customer credit limit report


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