Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
30 Cards in this Set
- Front
- Back
|
W-3 |
summarizes all payroll data for all employees at a particular employer |
|
|
W-4 |
completed by employees so the employer knows their filing status |
|
|
SAS-94 |
requires auditors to understand the automated and manual procedures an entity uses |
|
|
Auditing Standard no. 5 |
requires that an external auditor express an opinion on the client's system of internal controls |
|
|
What are the input/output symbols? |
document, keyboard, visual display, manual input/output |
|
|
what are the processing symbols? |
manual operation, computer processing, auxiliary operation |
|
|
what are the storage symbols |
permanent/master file and temporary/transaction file |
|
|
what are the flow/misc symbols? |
document/process flow line, on-page connector, off-page connector, terminal, decision |
|
|
Document Flowchart |
illustrates a flow of documents and information |
|
|
system flowchart |
depicts a relationship between input, processing, and output |
|
|
program flowchart |
describes the specific logic to perform a process |
|
|
What are the four key activities of the revenue cycle |
sales order entry, shipping, billing, cash collection |
|
|
general authorization |
within some constraint, allowing someone to do something |
|
|
specific authorization |
in this certain situation, another person will have to also authorize |
|
|
what are the duties in SOD |
authorization, recording, custody, reconiliation |
|
|
purchase order |
external document from customer |
|
|
sales order |
internal document where copies go to the warehouse, billing, customer, file |
|
|
audit trail |
document connections |
|
|
blanket purchase order |
agroup can buy up to so much between these dates for this price, in order togive some lee-way so that not every little interaction has to be approved. ex: the accounting department going to office depot to get reams of paper |
|
|
picking ticket |
sales order without prices that show what should be and was picked from the warehouse |
|
|
packing slip |
tells what is in a shipment, copy sent with package and to accounting department |
|
|
bill of lading |
legal contract defining responsibility for goods in transit, a receipt from an internal shipper like UPS |
|
|
open invoice method |
customerspay according to each invoice, resulting in more uniform cash collection flow,but more complex to maintain |
|
|
balance forward method |
how credit cards work. more efficient, reduce cost, more convenient for customer, can cause cash flow problems if client bills are all due at the same time, so credit card company will usually split due dates to different days |
|
|
invoice |
the bill, created internally and sent to customer to request payment |
|
|
remittance advice |
usually connected to invoice and the customer sends this back with their payment |
|
|
remittance list |
all the remittances that are received, internal document, used to prepare deposit slip |
|
|
deopsit slip |
bank document to show how much cash is deposited |
|
|
check |
external, payment from customer |
|
|
credit memo |
authorization for adjustments to customer accounts made for returns, allowances for damaged goods, write-offs |
