Cycle that is Not Automated
Not what you're looking for?
Select a step of the accounting that is not automated at AT&T then.
A) How would you integrate this part of the accounting cycle into AT&T, wide accounting information system, identified some of the internal controls associated with the portion of the accounting cycle.
B) Describe why these controls are important.
Purchase this Solution
Solution Summary
This solution discusses a step of accounting that is not automated at AT&T.
Solution Preview
Requirement A:
A step of the accounting cycle of AT&T that is currently not automated is the comparison of the purchase order, receiving report and supplier's invoice which triggers the recording of the appropriate liability of company as regards the purchase.
One way to integrate this part into the company-wide accounting information system is create a standard forms for the purchase order, receiving report and supplier's invoice in the system which have to be encoded by the appropriate employee. This means that the invoice will have to be re-encoded in the system. Automating this accounting step could significantly reduce the ...
Purchase this Solution
Free BrainMass Quizzes
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Motivation
This tests some key elements of major motivation theories.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.