Kate R.

Galanida
BSA 3.1A

Answer: 02 Homework 1

A. The first is the checks which may stolen by one and two or more people while data is
processing. Mistakes is the second which recording may appear trough check is process,
the incorrect amount be input, the wrong client being credited, and the wrong discount
being taken. The last is the cashier may misuse the check.

B. Checks must not be sent to the data processing department. Instead of being endorsed for
deposit only, the checks has to be sent directly to the cashier, and a copy of the relisted,
together with any associated remittance advice’s, also it must be recorded by transferring
the data process. Someone who don’t have access to the checks must check the total of
the relisted of cash receipts with the receipted deposit ticket acquired from the bank,
moreover the debit of the cash created by computer processing of the receipts and
transactions. Computer revision controls must be ensure that the customer number is
reasonable and that monetary discounts are applied correctly. The computer must check
the total control for cash receipts trough the total amount of cash receipts processed to
secure that cash receipts is recorded into the computer are correct.

C. Each of the missing checks must be found by matching the relisted of cash receipts by
removing the exception in the account statement.

D. By matching an example of daily cash relisted to ledger accounts debit to cash and
receipted deposit tickets. Witness the reprocessing of client payments to assess the
effectiveness of computer editing controls, pay a particular focus to mistakes in entering
customer account numbers and inappropriate discounts. Preferring a sample of customer
report copies and go through customer communication files to look for exceptions and
how they were handled.