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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Using the following table as a guide, describe for each function (see Figure 11.1, pg. 408):

  1. a. A risk (an event or action that will cause the organization to fail to meet its goals/objectives).
  2. b. 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)

Summary Introduction

To explain: The risk and the control process that will use the technology to handle the risk.

Introduction:

B/AR/CR process:

It is an accounting process with an interacting structure of different process supporting the decision-making activities of the financial managers.

Explanation

The risk and the control process that will use the technology to handle the risk:

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