SOD THEORY 1 FINAL TEST 2026 QUESTIONS WITH CORRECT ANSWERS GRADED A+

SOD THEORY 1 FINAL TEST 2026
QUESTIONS WITH CORRECT ANSWERS
GRADED A+

>> SOD Matrix
Answer: Chart showing incompatible duties


>> Role Conflict
Answer: Same person performing incompatible functions


>> Toxic Combination
Answer: Dangerous pairing of responsibilities


>> Cash Handling
Answer: Managing physical currency


>> Payment Processing
Answer: Handling outgoing payments


>> Receivables Management
Answer: Managing incoming payments


>> Payroll Processing
Answer: Managing employee compensation


>> Purchasing
Answer: Acquiring goods and services

, >> Accounts Payable
Answer: Managing amounts owed to vendors


>> Accounts Receivable
Answer: Managing amounts owed by customers


>> General Ledger
Answer: Primary accounting records


>> Bank Reconciliation
Answer: Matching bank statement to records


>> Inventory Management
Answer: Tracking goods on hand


>> Asset Management
Answer: Tracking and maintaining physical assets


>> Vendor Management
Answer: Overseeing supplier relationships


>> Customer Management
Answer: Handling client relationships


>> Contract Management
Answer: Administering agreements


>> Budget Management
Answer: Planning and controlling spending