Slater Company’s internal audit staff found an issue with several receipts of goods from a single supplier. They found 12 separate deliveries from the same Vendor. Each delivery was on the first of the month. The auditors found it strange that each delivery was for exactly 63 boxes of paper and that each delivery seemed to reference the same purchase order. Which of the following scenarios is most likely the reason for the above findings?

The four different types of data processing activities that are needed in a system are:

Which of the following is not one of the six components of an Accounting Information System?

Slater Company has a grocery store division. Within the store, Slater Company has two entire rows of wine. Slater’s stock clerks were not wine experts and would often price the wine incorrectly. Slater asked his wine supplier to take over the wine isles. The supplier examines the POS data from Slater Company and determines which wines are selling and which are not selling. The supplier then brings wine to stock Slater’s shelves. The relationship works as the supplier makes sure the wines that sell are always stocked and they can spot wines that are not selling. This type of relationship is known as?

Slater Company’s internal auditors are looking at the company’s expenditure cycle. They are worried that the company may have unrecorded liabilities at the end of the accounting period. To make sure there are no unrecorded liabilities, the auditors should check all of the following files except:

The Normal balance of a Stock Account is which of the following:

Data processing includes all of the following except

To accomplish the objectives set forth in the expenditure cycle, a number of key management decisions must be addressed. Which of the decisions below is ordinarily found as part of the expenditure cycle?

________ Slater Information Systems uses an integrated ERP system. When managers first enter the information system they see a display of important data points, and key performance indicators in easily understandable charts. This type of display is known as:

Groups of related business activities, such as the acquisition of merchandise and payment of vendors, are called