13 June Systems and Controls

Why did it happen? Is answered by

• Descriptive analytics

• Diagnostic analytics

• Predictive analytics

• Prescriptive analytics

What action do we need to take now? Is answered by

• Descriptive analytics

• Diagnostic analytics

• Predictive analytics

• Prescriptive analytics

What has happened in the business is answered by

• Descriptive analytics

• Diagnostic analytics

• Predictive analytics

• Prescriptive analytics

What is likely to happen next is answered by

• Descriptive analytics

• Diagnostic analytics

• Predictive analytics

• Prescriptive analytics.

Someone who enters invoices, cannot receive and record cash receipts. This is an example of

• Authorisation

• Segregation

• Physical

• Supervision

Vehicles are locked in a secure parking area when not in use is an example of

• Segregation

• Authorisation

• Physical

• Arithmetical and accounting

Bank reconciliations are completed regularly is an example of what type of control?

• Management

• Personnel

• Organisation

• Arithmetical and accounting

Clear defined roles for staff is an example of what type of control?

• Segregation

• Physical

• Organisation

• Personnel

Qualified, competent staff are an example of what type of controls?

• Management

• Personnel

• Organisation

• Supervision

The management accountant oversees work by more junior staff members is an example of what type of control?

• Segregation

• Organisation

• Supervision

• Management