Case Study on Rainbow Illusion Assignment

Added on - 21 Feb 2021

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Case Study: RainbowIllusion
Table of ContentsEXECUTIVE SUMMARY.............................................................................................................3INTRODUCTION...........................................................................................................................4TASK...............................................................................................................................................41. Strengths of company's system adopted for controlling sales transactions:............................42. Problems Rainbow Illusion has avoided by incorporating the strength in system:.................53. Situational pressures in companies like Rainbow Illusion which can increase likelihood offrauds:..........................................................................................................................................54. Appropriateness of distributed computer system instead of a centralised system:.................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
EXECUTIVE SUMMARYThe study summaries different aspect of given case study of Rainbow Illusion with aim toevaluation of its internal control, different processes and risks associated with revenue cycle. Itcovers significance of exiting system adopted for controlling sales and relevance of centralisedand distributed computer system.
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