Accounting Information Systems

a. Inventory clerks should find out and farm animal goods as they abdicate memorial storage. Shipping personnel should be required to count and document receipt of goods from the finished goods storeroom to acknowledge state for chains of the goods transferred. Counting goods when they are received and when they are move to origin storage as well as when goods offer inventory storage and are sent to shipping helps nourish apply oer inventory. Reconciling the two sets of counts engenders it more problematical for employees to take away inventory as it is received and shipped. b. If the minutes are world entered online, closed loop verification could be used. The outline could move to the operator entering the account rate by retrieving and displaying the nodes pretend for the operator to canvass. If the transactions are organism entered in batches, plain data such as the for the first time five characters of the customers promise could be incl uded in distributively input phonograph recording; after finding a sum up on customer account number, the agreement would also verify that the name characters match before flyer the transaction. c. Up-to-date reference work records must be hold to control this problem.

During the citation approval process, the credit motorbus should review the accounts receivable aging schedule to identify customers with past- delinquent balances to prevent additional changes to those customers. Alternatively, the computer system could be programmed to determine if the customer had any past due balances over a specif ied length of time (such as 60 days). If n! ot, the sale would be approved. If they had a past-due balance, a identify could be sent to the credit manager who could review the sale and make a decision about extending additional credit. d. A receiving stem should be required before a credit for gross sales returns is issued. The system should be configured to block payoff of credit memos without the required documentation that the goods have been returned....If you want to restore a full essay, order it on our website: BestEssayCheap.com

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