Accounting System

  1. Should every company switch from the traditional three-way matching process (purchase orders, receiving reports, and supplier invoices) to the two-way match (purchase orders and receiving reports) used in evaluated receipt settlement (ERS)? Why, or why not?

2.Should companies allow purchasing agents to start their own businesses that produce goods the company frequently purchases? Why? Would you change your answer if the purchasing agent’s company were rated by an independent service, such as Consumer Reports, as providing the best value for price? Why?

Sample Solution