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NEW QUESTION: 1
Which one of the following is not an advantage of accounting regulation?
A. It provides quality of information in and across financial statements.
B. It provides flexibility in the way accounting information is presented to users.
C. It instils public confidence in the accounting system employed in commerce and industry.
D. It provides the required accounting information to all necessary shareholders.
Answer: B

NEW QUESTION: 2
A payroll clerk enters payroll transactions into the general ledger. The staff accountant reconciles the payroll ledgers. The payroll manager issues the manual payroll checks. The checks are maintained in a locked cabinet.
The chief financial officer secures the keys to the cabinet. The payroll clerk distributes the manual checks.
The payroll manager reconciles the bank statements monthly. Which of the following audit steps best addresses the risk of fraud in the payroll process?
A. Determine whether the cabinet keys are secured properly.
B. Vouch a sample of items on bank reconciliations to supporting documentation.
C. Examine whether the payroll manager approves the reconciliations of ledgers.
D. Determine whether an approved list of voided checks exists.
Answer: B

NEW QUESTION: 3
You plan to create a sales order for an item.
Currently, you do not have the item on hand, but you have a purchase order for the item.
You need to ensure that the item can be reserved against the purchase order.
What should you do?
A. From the Inventory and warehouse management parameters form, select Reserve ordered items.
B. From the Accounts receivable parameters form, set Reservation to Automatic.
C. From the Inventory and warehouse management parameters form, select Reserve items automatically.
D. From the Accounts payable parameters form, set Reservation to Automatic.
Answer: A
Explanation:
Inventory and warehouse management parameters (form) [AX 2012] Field:Reserve ordered items Select this check box to reserve item receipts that are ordered against item issues in Accounts receivable, Project management and accounting, and Production control. If you clear this check box, you can reserve only items that have been physically received.

NEW QUESTION: 4
Der Sponsor Ihres Projekts ist besonders daran interessiert, die Rollen der verschiedenen Stakeholder im Projekt zu überprüfen. Als Projektmanager sollten Sie den Sponsor des Projekts an welches der folgenden Dokumente weiterleiten?
A. Stakeholder-Management-Plan
B. Matrix zur Bewertung des Stakeholder-Engagements
C. Stakeholder-Register
D. Projektteamverzeichnis
Answer: C