• BASIS Phoenix

• COMPUTER SCIENCE 003

Problem15.8 The following list identifies several important control features. For each control, (1) describe its purpose, and (2) explain how it could be best implemented in an integrated ERP system. 1.h Cancellation of the voucher package by the cashier after signing the check. Part (1)- Purpose:  Ensures that invoices are not resubmitted for double payment. Part (2) How it could be best implemented in an integrated ERP system:  A control field in a supplier invoice record can be set up to indicate that the document has been accessed using this technique.  With its help, purchasing order and receiving report records can have a control field indicating that the document has been utilized to facilitate payment 2. Separation of duties of approving invoices for payment and signing checks. Part (1)- Purpose:  Protects against payment of bogus or fictitious invoices. Part (2) – ERP System Control:  Can be implemented to ensure that all invoices are matched to their matching receipts and purchase orders via a computer system, and also to facilitate Cashier-signed checks. 3. Prenumbering and periodi