System for Controlling Sales Transaction in Rainbow Illusion

Running head: SYSTEM FOR CONTROLLING SALES TRANSACTION IN RAINBOW
ILLUSION
SYSTEM FOR CONTROLLING SALES TRANSACTION IN RAINBOW ILLUSION
Name of the Student:
Name of the University:
Author Note

SYSTEM FOR CONTROLLING SALES TRANSACTION IN RAINBOW ILLUSION1
Executive Summery
This report is prepared to analyse the system of Rainbow Illusion for controlling the sales
transactions. The main objective of the report is to provide the information regarding the
system for controlling the sales transactions of the firm to the Chief Executive Officer of the
firm. This report identify the six major strength that the sales transaction controlling system
of the firm have and what problems the firm is able to avoid by these strengths of controlling
the sales transactions. Furthermore, report determine the two major pressure situation for the
firm which may increase the fraud within the organisation. Lastly, this report provides the
reason why the firms needs to choose the decentralised computer system rather than the
centralized system.

SYSTEM FOR CONTROLLING SALES TRANSACTION IN RAINBOW ILLUSION2
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Strengths in Rainbow Illusion’s system.................................................................................3
Problems avoided by Rainbow Illusion’s system of controlling sales transactions...............5
Situational pressures that would increase fraud.....................................................................7
Reason for choosing distributed computer system.................................................................8
Conclusion................................................................................................................................10
References................................................................................................................................11

SYSTEM FOR CONTROLLING SALES TRANSACTION IN RAINBOW ILLUSION3
Introduction
The report titled “System for Controlling Sales Transaction in Rainbow Illusion” is
prepared to analyse the system used by the Rainbow Illusion for controlling their sale
transactions. Rainbow Illusion is a retail chain firm based in the New South Wales and
Victoria. The firm have 30 outlet stores in total across the city. The main business of the firm
is to sale the ready to wear clothes for the young females.
The report is prepared to analyse the system used by the firm to control their sales
transactions. This report is prepared for the Chief Executive Officer of the Rainbow Illusion
to evaluate its processes, risks and internal control for its revenue cycle. To analyse the above
situation of the firm, this report try to identify the various aspects of the firm. The report
mainly analyse the existing system of controlling the sale transaction to identify the strengths
in Rainbow Illusion’s system for controlling sales transactions. Secondly, the report explains
what problems Rainbow Illusion has avoided by incorporating such strength in the system for
controlling the sales transactions. Further, the report also analyse those situations in which
the frauds would increase. Lastly, this report explains why any firm should choose to install a
distributed computer system rather than a centralised one by explaining the benefits of the
computer system.
Discussion
Strengths in Rainbow Illusion’s system
System for Controlling Sales Transaction is the system which is used by the firm to
control and record the selling transactions of the firm. There are various methods are
available for recording, reporting and controlling the selling process of the firm. As the time
changes the process or the system of controlling the sales is also evolved as well as the firms
also evaluate and change their system of controlling the sale transaction timely as per the