Accounting Information Systems
Solutions
Accounting Information Systems
Using the following table as a guide, describe for each function (Figure 12.1, pg. 455):
- a. A risk (an event or action that will cause the organization to fail to meet its goals/objectives).
- 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)
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.
Given table:
Det...
b)
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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