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Accounting Information Systems

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

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Chapter
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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 (Figure 12.1, pg. 455):

  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
Logistics
Purchasing

Receiving

Inventory (Debit)??? (Credit)

a)

Summary Introduction

To determine: The risk for the given functions.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Given table:

Det...

b)

Summary Introduction

To determine: The controls and technologies for the given functions.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

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