Review Questions
1. List three transaction tables that you would expect to find in the purchasing
and receiving functions of a typical acquisition cylce application. Briefly
describe each table
2. Give two examples of master tables for an acquisition cycle application
3. List the key options that you would expect to see in the purchasing and
receiving part of the acquisition cycle menu
4. Identify key execution risks in the purchasing / receiving process
5. How does supplier maintenance help in addressing execution risks?
6. Identify key recording risks in the purchasing/receiving process
7. How does supplier maintenance help in addressing recording risks?
8. Review the list of workflow controls in Exhibit 9.4 o pages 441 – 442. Explain
how each control can be used to address an execution risk or a recording risk
9. Give three examples of input controls. Explain how each control is used to
address a recording risk.
10. Consider the event of preparing and recording a purchase requisition
a. Give three examples of controls that can be used to ensure that
purchase requisitions are properly created and recorded
b. Events earlier in a business process can be used to control a subsequent
event. How can requisitions be used to control (1) purchase order
preparation and (2) receipt of goods?
1