Explain the basic business activities and related information processing operations performed in the expenditure cycle. Discuss the key decisions to be made in the expenditure cycle, and identify the information needed to make those decisions.

Explain the basic business activities and related information processing operations performed in the expenditure cycle.

Discuss the key decisions to be made in the expenditure cycle, and identify the information needed to make those decisions.

Identify major threats in the expenditure cycle, and evaluate the adequacy of various control procedures for dealing with those threats.