Identify Three IT Controls in the Expenditure Cycle

question 29

Short Answer

Identify three IT controls in the expenditure cycle.

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Definitions:

Consumes

The act of using up goods or services for personal need, satisfaction, or utility, reducing the quantity available.

Consumption

The employment of goods and services within home environments.

Income

Monetary payment received for work or through investments.

Interest Rate

The fraction of a loan that incurs interest costs for the borrower, usually described as an annual percentage rate.