Question

Assuring that cash collections recorded in the cash receipts event data are credited to the right customer in the accounts receivable master data addresses the control goal of:

a. ensure input accuracy
b. ensure input completeness
c. ensure update accuracy
d. ensure update completeness

Answer 1

The goal of crediting cash collections to the correct customer in the accounts receivable data is to ensure update accuracy, focusing on the precise adjustment of customer accounts.

Step-by-step explanation:

The control goal of assuring that cash collections recorded in the cash receipts event data are credited to the right customer in the accounts receivable master data is ensure update accuracy. This goal aims to make sure that the adjustments to the accounts, particularly the accounts receivable, reflect the true transactions. It is not just about recording the transaction but ensuring that the correct customer's account is updated to reflect the payment received.