RAINBOW ILLUSION.

Running head: RAINBOW ILLUSION
RAINBOW ILLUSION
Name of the student
Name of the University
Author Note

RAINBOW ILLUSION1
Executive Summary
The current report has focused on identifying the six strengths in Rainbow Illusion’s system
for the control of sales transactions. The report also studies the possible problems been
avoided by Rainbow Illusion by the identified strengths in the system for the control of sales
transactions. The situational pressure in the company which can lead to the likelihood of
fraud in Rainbow Illusion is identified. The advantages of distributed computer system over
centralized is discussed and why the companies would like to choose it is discussed further in
the report.

RAINBOW ILLUSION2
Table of Contents
Introduction................................................................................................................................3
Six strengths in Rainbow Illusion’s system...............................................................................3
Problems Avoided......................................................................................................................5
Situational pressures that increases fraud..................................................................................7
Distributed computer system over Centralized..........................................................................8
Conclusion..................................................................................................................................9
References................................................................................................................................11

RAINBOW ILLUSION3
Introduction
The report aims to deal with the case study of Rainbow Illusion which is a store that
operates in New South Wales and Victoria which has 30-stores chain of clothes ready-made
for the females of young generation. The company utilizes some steps for controlling the
transaction of sales. In the organization every store is equipped with a manager who works
full time and an assistance manager. Part time workers consists of sales personnel and
cashiers which belongs to the young age line and are paid in hourly basis wages and also
commission are given on the basis of the sales. The aim of the report is to discuss the six
strengths in the sales control system of Rainbow Illusion. The problems that Rainbow Illusion
has prevented by each strength that is recognized by integrating power in the sales control
system is discussed. The situational pressures that would boost the probability of fraud in a
business of Rainbow Illusion is also been discussed.
Six strengths in Rainbow Illusion’s system
The strength of Rainbow Illusion’s system for controlling the sales transaction is that
it follows all the transaction cycle in accounting. The system also utilises the financial
reporting and management reporting system efficiently.
 Sales cycle- in sales cycle a command is acknowledged from a client to the company
and the order is then examined, shipped or service is provide to the buyer. The
statement is issued and the imbursement is collected (Johnston and Marshall, 2013).
To record every transaction Rainbow Illusion employees cash registers are used by