This report identifies the various internal control weaknesses in the revenue system of Strings Pty Ltd and discusses their effects. It also provides recommendations to eliminate the effects of the weaknesses.

Business Report

The report will be based on assessing the financial performance of Outdoor Adventures and improving the current system of revenue cycle for the accounts receivable procedure.

This report identifies internal control weaknesses in the revenue system of Strings Pty Ltd and provides recommendations to eliminate their effects.

Internal Control Weaknesses in Revenue System of Strings Pty Ltd

Identifying Internal Control Weaknesses in Revenue System of Strings Pty Ltd

Specific internal controls could be implemented by Strings 3 Question 2: System development life cycle 4 1. Internal control weaknesses in Strings Revenue Cycle Following are the potential weaknesses into the revenue cycle of Strings such as: In sales order: There are incomplete and inaccurate customer’s orders, and there are poor credit sales to the customers. It is controlled by reconciliation of the sales order with the picking tickets, data entry application controls with proper documentation of internal transfer of inventory (Fernandez, Miller, & Carp,

Accounts Security

Accounting information system :assignment

This article discusses the audit of accounting information system, weaknesses in revenue cycle, expenditure cycle and product design. It covers objectives of audit, concurrent audit techniques, weaknesses in O'Brien Corporation revenue cycle, general threat elements in expenditure cycle, and PLM software for product development.

Hartpury University and Hartpury College

Audit of Accounting Information System, Weaknesses in Revenue Cycle, Expenditure Cycle and Product Design

The report analyzes the requirement of an adequate centralized system for improving the system flowchart of purchases, cash disbursements, and payroll system at Adam & Co. Recommendations for using Xero and MYOB accounting software are provided to mitigate the risks associated with errors and manipulations. Internal control weaknesses and associated risks are discussed for each system. The report concludes with suggestions for implementing automated accounting systems.

Analysis of Accounting Information System at Adam & Co

This report discusses the weaknesses in the inventory control system of Big D and provides strategies to overcome them. The weaknesses include lack of demand forecast, absence of inventory check, and lack of sufficient employees and training.

Identifying Internal Control Weaknesses in Revenue System of Strings Pty Ltd

End of preview

Accounts Security

Accounting information system :assignment

Audit of Accounting Information System, Weaknesses in Revenue Cycle, Expenditure Cycle and Product Design

Analysis of Accounting Information System at Adam & Co

Inventory Control Weaknesses and Strategies for Big D

Report on Internal control weakness in sakes process of Bucks Phyz

Identifying Internal Control Weaknesses in Revenue System of Strings Pty Ltd

End of preview

Accounts Securitylg...

Accounting information system :assignmentlg...

Audit of Accounting Information System, Weaknesses in Revenue Cycle, Expenditure Cycle and Product Designlg...

Analysis of Accounting Information System at Adam & Colg...

Inventory Control Weaknesses and Strategies for Big Dlg...

Report on Internal control weakness in sakes process of Bucks Phyzlg...

Accounts Security

Accounting information system :assignment

Audit of Accounting Information System, Weaknesses in Revenue Cycle, Expenditure Cycle and Product Design

Analysis of Accounting Information System at Adam & Co

Inventory Control Weaknesses and Strategies for Big D

Report on Internal control weakness in sakes process of Bucks Phyz