Match each statement to the technology that the accounting professional will most likely choose to use. Each technology term can be used once, more than once, or not at all: 1. 2. 3. 4. Statement A managerial accountant analyzes the comments made by customers when they return a product to identify where improvements can be made to return policy and procedures. An audit staff member examines sales returns data for the objective of discovering patterns among product type or delivery timing. To reduce processing time costs, the accounts payable (AP) manager wants the system to electronically match vendor invoices with their associated purchase orders and receiving reports instead of the current matching process performed by the AP clerk. D An internal auditor examines patterns in employee reimbursements related to travel to identify unusual expenses. Technology Cognitive technologies Continuous auditing Data mining Process mining Robotic process automation Smart contracts Textual analysis

Match each statement to the technology that the accounting professional will most likely choose to use. Each technology term can be used once, more than once, or not at all: 1. 2. 3. 4. Statement A managerial accountant analyzes the comments made by customers when they return a product to identify where improvements can be made to return policy and procedures. An audit staff member examines sales returns data for the objective of discovering patterns among product type or delivery timing. To reduce processing time costs, the accounts payable (AP) manager wants the system to electronically match vendor invoices with their associated purchase orders and receiving reports instead of the current matching process performed by the AP clerk. D An internal auditor examines patterns in employee reimbursements related to travel to identify unusual expenses. Technology Cognitive technologies Continuous auditing Data mining Process mining Robotic process automation Smart contracts Textual analysis

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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