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Business & FinanceBusiness Setupmedium11% of exam part

The Delray Beach startup needs to establish this accounting process: payables approval routing. Which startup control is most relevant?

Correct Answer

A) AP workflow setup

Accounting setup should define chart of accounts, invoice controls, and payables workflow before routine operations begin.

Answer Options
A
AP workflow setup
B
vehicle title file entity compliance record
C
workers comp claim risk setup folder
D
owner-builder disclosure operations startup note

Why This Is the Correct Answer

Accounting setup should define chart of accounts, invoice controls, and payables workflow before routine operations begin.

Why the Other Options Are Wrong

Option B: vehicle title file entity compliance record

vehicle title file entity compliance record addresses a neighboring field issue, but not the condition or method control required for accounting system setup.

Option C: workers comp claim risk setup folder

workers comp claim risk setup folder addresses a neighboring field issue, but not the condition or method control required for accounting system setup.

Option D: owner-builder disclosure operations startup note

owner-builder disclosure operations startup note addresses a neighboring field issue, but not the condition or method control required for accounting system setup.

Memory Technique

Accounting System method for Bookkeeper Sets: condition first, tool second.

Reference Hint

Open-book path: tab Builder's Guide to Accounting, 2001 to Builder's Guide to Accounting, Accounting system and internal-control setup; verify the startup duty, registration, or financial setup before answering.

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