The Treasurer of Slater Company won the Powerball Lottery an…

The Treasurer of Slater Company won the Powerball Lottery and left his position last week. Slater is thinking of combining the duties of the Treasurer and Controller. Slater would have his Controller take over the duties of the treasurer as well as do his job as the Controller. Which of the following is the best reason Slater Company should not combine these roles?

Inventory information is provided in real time by a Company’…

Inventory information is provided in real time by a Company’s accounting information system. The sales employees are unable to see the inventory records within the system. To find out if they have goods in stock, they send runners to look at the physical inventory on the shelf. Which of the following characteristics of useful information is absent in the situation described above?