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Objectives

- Fundamental tasks performed during purchases and cash disbursement processes

- Functional areas involved in purchases and cash disbursements and the flow of these transactions through the organization

- Documents, journals, and accounts that provide audit trails, promote the maintenance of records, and  support decision making and financial reporting

- Risks associated with purchase and cash disbursements activities and the controls that reduce these risks

- Operational features and the control implications of technology used in purchases and cash disbursement systems