AC571 week 6 assignment - Sharon Yu AC571 Week 6 Assignment...

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Sharon Yu AC571 Week 6 Assignment Problem 10-3 a) Shipping personnel should be required to document (on paper or by computer) receipt of goods from the finished goods storeroom. This procedure acknowledges responsibility for custody of the goods transferred. b) Either a redundant data check or closed loop verification could be used. If the transactions are being entered in batches, redundant data such as the first five characters of the customer's name could be included in each input record; after finding a match on customer account number, the system would also verify that the name characters match before posting the transaction. If the transactions are being entered online, the system could respond to operator entry of the account number by retrieving and displaying the customer's name for the operator to review. c) Up-to-date credit records should be maintained, and credit checks should be made prior to approval of sales orders. d) A receiving report should be required to support the authorization of credits for sales returns. e) Separate the function of authorizing write-offs of uncollectible accounts from the function of handling of collections on account, in order to prevent any single individual from perpetrating this type of fraud. f)
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AC571 week 6 assignment - Sharon Yu AC571 Week 6 Assignment...

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