Question Details

 ACCT 425 Week 5 Assignment 5-1


To assess your ability to:
•	Explain the fundamental tasks that constitute the purchase and cash disbursement process.
•	Identify the functional areas involved in purchases and cash disbursements.
•	Recognize the documents, journals, and accounts that provide audit trails, support decision making and financial reporting.
Action Items
1.	Answer the following questions from your textbook, Accounting Information Systems, in your own words (if you include quotes, follow-up with your own words) and provide a unique example to support your response:
•	Chapter 4 Discussion Questions: 1, 9, 11, 16
	Note: When responding to the Discussion Questions:
1.	Include a 2-3 sentence answer for each question.
2.	Hit enter twice and type "EXAMPLE:"
3.	Provide an example from your place of business, home life, the news, or an example you found on the internet.