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An organization has a goal to prevent the ordering of inventory quantities in excess of its needs. One individual in the organization wants to design a control that requires a review of all purchase requisitions by a supervisor in the user department prior to submitting them to the purchasing department. Another individual wants to institute a policy requiring agreement of the receiving report and packing slip before storage of new inventory receipts. Which of these controls is (are) relevant in achieving the stated goal? Explain your answer.
the four key behavioral considerations in management accounting and control system design include all of the following
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Prepare a ledger using T accounts. Enter the trial balance amounts and post the adjusting entries.
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What reasons might management have for making the decision on a large write-off charged in the current period?
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