The following flowchart depicts the activities relating to the sales, credit, billing, cash receipts, and warehouse processes.

 

Required: 

Identify at least four control weakness depicted in the flowchart above and list recommendations to remedy those weakness you identified.

Transcribed Image Text:

Sales Credit Billing Cash Receipt Warehouse Customer Credit Copy Approved Credin Copy Custonier Invaice 1 Customer Order Packing p Authorize Customer's Credit Check Sock Relee Remuttance Advice Update Sales Journal Prepare Sales Order Prepare Invoice and Bill Customer Pick Goods and Prepare Bill of Lading Reconcile Check with Sales Journal Remittance Advice Remittance Advice Approved Credit Copy Update Cash Receipt Jourial and Credit Copy Bill of Lading Deposit Check Update AR Bill of Lading Packing Slip Sub Ledger & General Ledger Invoice 1 Packing Skip Stock Release Invoice 2 Stock R Cash Receipts lonrnal General Carrier Ledger Check Invertor Customer Contro AR Sub Ledger Bank Sales Credit Billing Cash Receipt Warehouse Customer Credit Copy Approved Credin Copy Custonier Invaice 1 Customer Order Packing p Authorize Customer's Credit Check Sock Relee Remuttance Advice Update Sales Journal Prepare Sales Order Prepare Invoice and Bill Customer Pick Goods and Prepare Bill of Lading Reconcile Check with Sales Journal Remittance Advice Remittance Advice Approved Credit Copy Update Cash Receipt Jourial and Credit Copy Bill of Lading Deposit Check Update AR Bill of Lading Packing Slip Sub Ledger & General Ledger Invoice 1 Packing Skip Stock Release Invoice 2 Stock R Cash Receipts lonrnal General Carrier Ledger Check Invertor Customer Contro AR Sub Ledger Bank

Answer rating: 100% (QA)

Answer The four control weaknesses depicted in the Flowchart are 1 In Sale... View the full answer