Raw Material Events Can Be Found in Which Two Processes

question 16

Multiple Choice

Raw material events can be found in which two processes?

• A)(1) Revenue and return processes, systems & controls and (2) expenditures and return processes, systems & controls
• B)(1) Expenditures and return processes, systems & controls and (2) conversion processes, systems & controls
• C)(1) Conversion processes, systems & controls and (2) administrative processes, systems & controls
• D)(1) Administrative processes, systems & controls and (2) revenue and return processes, systems & controls

---

Definitions:

Information Needs

The data and information requirements of users, including managers and stakeholders, to make informed decisions.

CPA Qualification

A certification for accounting professionals that demonstrates expertise in financial accounting and reporting, auditing, taxation, and business law, obtained by passing the CPA exam.

Financial Accountants

Professionals specializing in the preparation and analysis of financial statements and reports, ensuring compliance with accounting standards.

Costing System

The method or system used by a company to evaluate and manage the costs associated with its business activities and to price its products or services.