Strategic Information System: Case Study of Rainbow Illusion

Strategic
information
system
9 / 1 1 / 2 0 1 9

Accounting 1
Executive summary
The aim of the report is to evaluate the case of Rainbow Illusion, which is presented
with the motive to analyse the risk, processes, as well as the different internal control.
The findings of the report include the strengths of company towards the processes of
controlling sales transaction that contribute in avoiding the wide range of issues. In
addition, it has been found that budget commission and Unrealistic budget introduced
by company leads to the situation of fraud. Along with this, the major reasons behind
the use of distributed computer system over centralised computer system.

Accounting 2
Contents
Introduction.................................................................................................................................3
Rainbow Illusion strengths towards controlling sales transactions....................................4
Problems avoided by Rainbow Illusion...................................................................................4
Situational pressures that would increase likelihood of fraud.............................................6
Companies install distributed system instead of Centralized system................................7
Conclusion...................................................................................................................................9
References................................................................................................................................10

Accounting 3
Introduction
The aim of report is to analyse process, risk, internal control of the case that is based
on Rainbow Illusion Company and present the same to CEO. The case study of the
Rainbow Illusion retail chain has been presented on which the assignment has been
prepared. The case shows that the company is involved in controlling sales
transactions, which lead to different strengths for the company, which are discussed in
the report. For strengths, there is discussion of problems, which are majorly avoided
by the company for incorporating the strengths in the system for controlling the sales
transactions. The two situational pressures are discussed that might lead to the rise in
the chances of fraud. It has been found that some companies would like to choose to
install a well-distributed computer system instead of the centralised one.