객관식
All of the following are examples of controls of cash except:
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6. Internal Controls and Reporting Cash
Five Components of Internal Controls
객관식
In the context of the five components of internal control (COSO), how do Universal Product Codes (UPCs) most directly help improve inventory control?
A
They replace monitoring by eliminating the need for cycle counts, reconciliations, and review of inventory adjustments.
B
They strengthen the control environment by setting the ethical tone at the top and assigning authority and responsibility for inventory.
C
They perform risk assessment by identifying and prioritizing inventory shrinkage risks without relying on transaction-level data.
D
They improve control activities by enabling accurate item identification, scanning at receipt/sale, and automated updates to perpetual inventory records.
검증된 단계별 안내1
Step 1: Understand the five components of internal control according to COSO: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring Activities.
Step 2: Recognize that Universal Product Codes (UPCs) are primarily tools used to identify items uniquely and facilitate automated data capture during inventory transactions.
Step 3: Analyze how UPCs impact inventory control by enabling accurate item identification, which supports scanning at receipt and sale points, leading to real-time updates in inventory records.
Step 4: Connect this functionality to the 'Control Activities' component, which includes policies and procedures that help ensure management directives are carried out effectively, such as automated inventory tracking.
Step 5: Conclude that UPCs most directly improve inventory control by enhancing Control Activities through automation and accuracy, rather than replacing monitoring, setting ethical tone, or performing risk assessment.
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