Group Assignment AISB223 (5 cycles).docx - UNIVERSITI...

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UNIVERSITI TENAGA NASIONAL SULTAN HAJI AHMAD SHAH CAMPUS ACCOUNTING INFORMATION SYSTEMS MADAM MAHLINDAYU BINTI TARMIDI @ TOKHID GROUP ASSIGNMENT AISB223 SECTION 1BM AHMAD MUADZ BIN MOHD ZAMRI AC0100902 MUHAMMAD SHAZARIZUL HAIKAL BIN MOHD SAMSURI AC0100319 MUHAMMAD RUSHDAN HAZIQ BIN RUSLAN AC0100318 MOHAMAD SHAFIQ AIMAN BIN SHARIZAN AC0100314 MOHAMMAD ARIF DANIAL BIN JAILANI AC0100946
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THE REVENUE CYCLE: SALES TO CASH COLLECTIONS MAIN ACTIVITIES SUB ACTIVITIES DOCUMENT THREAT CONTROL General issues revenue cycle 1.0 Sales order entry 2.0 Shipping 3.0 Billing 4.0 Cash Collection X 1. Inaccurate or invalid master data 2. Unauthorized disclosure of sensitive information 3. Loss or destruction of data 4. Poor performance 1.1 Data processing integrity controls 1.2 Restriction of access to master data 1.3 Review of all changes to master data 2.1 Access controls 2.2 Encryption 3.1 Backup and disaster recovery procedures 4.1 Managerial reports Sales order entry 1.1 Take order 1.2 Approve credit 1.3 Check Inventory Availability 1.4 Respond to customers inquiries Process: Picking ticket Back order Sales order 5.Incomplete/inaccurate orders 6. Invalid orders 7. Uncollectible accounts 8. Stockouts or access inventory 9. Loss of customers 5.1 Data entry edit controls 5.2 Restriction of access to master data 6.1 Digital signatures or written signatures 7.1 Credit limits 7.2 Specific authorization to approve sales that exceed customers credit's limit 7.3 Aging of accounts receivable 8.1 Perpetual inventory control system 8.2 Use of bar codes or RFID 8.3 Training 8.4 Periodic physical counts of inventory 8.5 Sales forecasts and activity reports 9.1 CRM system, self-help web sites, and proper evaluation of customer service ratings Shipping 2.1 Pick and Pack 2.2 Ship Goods Process: Packing slip Bill of lading 10. Picking the wrong items of the wrong quantity 11. Theft of inventory 12. Shipping errors (delay or failure to ship, wrong quantities, wrong items, wrong addresses, duplication) 10.1 Bar-code and RFID technology 10.2 Reconciliation of picking lists to sales order details 11.1 Restriction of physical access to inventory 11.2 Documentation of all inventory transfers 11.3 RFID and bar-code
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technology 11.4 Periodic physical counts of inventory and reconciliation to recorded quantities 12.1 Reconciliation of shipping documents with sales orders, picking lists, and packing slips 12.2 Use RFID systems to identify delays 12.3 Data entry via bar-code scanners and RFID 12.4 Data entry edit controls (if shipping data entered on terminals) 12.5 Configuration of ERP system to prevent duplicate shipments Billing 3.1 Invoicing 3.2 Update Accounts Receivable Process: Sales invoice 13. Failure to bill 14. Billing errors 15. Posting errors in accounts receivable 16. Inaccurate or invalid credit memos 13.1 Separation of billing and shipping functions 13.2 Periodic reconciliation of invoices with sales orders, picking tickets and shipping documents 14.1 Configuration of system to automatically enter pricing data 14.2 Restriction of access to pricing master data 14.3 Data entry edit control 14.4 reconciliation of shipping
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