Review the Following Individual Accounting System Components That Contain the Skills

question 193

Multiple Choice

Review the following individual accounting system components that contain the skills and capabilities of individuals in Chart A and review the accounting system components that contain the skills and capabilities of individuals in Chart B.


Which of the following describes the individual required to perform the accounting system skills and capabilities in Chart A and which individual is the responsible individual required to perform the skills and capabilities in Chart B?

• A)Chart A: Independent Auditor;Chart B: Internal Audit Function
• B)Chart A: Managerial Accountant;Chart B: Financial Accountant
• C)Chart A: Audit Committee;Chart B: Cross Functional Teams
• D)Chart A: Cross Functional Teams;Chart B: Treasurer
• E)Chart A: Controller;Chart B: Treasurer

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Definitions:

Dollar Scale

A pricing or valuation method that is measured in terms of dollars, often used to assess financial transactions or value objects.

Point Value

A quantifiable measure assigned to tasks, achievements, or roles within a system to indicate their importance or complexity.

Nonkey Job

A role or position considered to be of less critical importance or impact in the overall functioning of an organization.

Corporate Culture

The shared beliefs, values, norms, and practices that shape the social and psychological environment of a business organization.