Bundle: Accounting Information Systems, Loose-Leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
11th Edition
ISBN: 9781337587297
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Question
Chapter 10, Problem 3SP
Summary Introduction
To explain: The risks, controls, and technology for the different functions.
Introduction:
OE/S process:
It is known as the order entry/sales process. It describes the first four steps of the order-to-cash process.
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Using the following table as a guide, describe for each function (see Figure 11.1):
A risk (an event or action that will cause the organization to fail to meet its goals/objectives).
A control/process or use of technology that will address the risk.
Function
Risks
Controls and Technology
Marketing
Finance
Billing
AR (debit)
Sales (credit)
Collections
Cash (debit)
AR (credit)
1. Looking at the COSO framework for Enterprise Risk Management, you will notice that this is present all throughout the various functions and levels in an organization. This is to ensure that policies and procedures are followed in making risk responses and implementing company's directives.
A. Control Activities
B. Risk Assessment
C. Monitoring Activities
D. Risk Culture
1.Discuss the difference between internal and external users of information and their needs and demands on the information system.
2.Comment on the level of detail necessary for operations management, middle management and stakeholders.
3.Examine the General Model for AIS Table 1-4, discuss where and how problems will arise that can cause the resulting information to be bad or ineffective.
4.Why is it important to organizationally separate the accounting function from the other functions of the organization?
5.Contrast centralized data processing with distributed data processing. How do the roles of the different end users differs between the two approach
Chapter 10 Solutions
Bundle: Accounting Information Systems, Loose-Leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
Ch. 10 - Prob. 1RQCh. 10 - What are the major functions performed by the OE/S...Ch. 10 - With what internal and external entities does the...Ch. 10 - Prob. 4RQCh. 10 - Prob. 5RQCh. 10 - Prob. 6RQCh. 10 - Distinguish buy-side and sell-side systems.Ch. 10 - Prob. 8RQCh. 10 - Prob. 9RQCh. 10 - Prob. 10RQ
Ch. 10 - Prob. 11RQCh. 10 - Prob. 12RQCh. 10 - Prob. 13RQCh. 10 - Prob. 14RQCh. 10 - Describe the impact that entity-level controls...Ch. 10 - Prob. 1DQCh. 10 - Prob. 2DQCh. 10 - Prob. 3DQCh. 10 - Prob. 4DQCh. 10 - Prob. 5DQCh. 10 - Prob. 6DQCh. 10 - An enterprise system supports a business process...Ch. 10 - Among the three functional entities (marketing,...Ch. 10 - The chapter presented a brief example of how the...Ch. 10 - Prob. 3SPCh. 10 - Prob. 4SPCh. 10 - Prob. 5SPCh. 10 - Prob. 6SPCh. 10 - Prob. 3PCh. 10 - Prob. 6P
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