Question

The given system flowchart presents different business activities and data processing operations involved in the revenue cycle.

Note- Please refer to the diagram on the next page to "complete this" question.

Required:

Describe five (5) control weaknesses depicted in the system flowchart, as shown on next page of this document.

Sales Department Accounting Department Warehouse Shipping Department Stock Packing Sales Customer Sales Order Release Slip Order Stock Packing Release Slip Customer Packing Order Slip Reconcile Packing slip and AR Sub Ledger Pick Goods, Sales order, send Update goods to Carrier, Record in Shipping Approves Bill Customer Inventory, Inventory log. Update send goods to credit, prepare Accounts Shipping Sub ledger Shipping Sales Log documents AR Control Sales Order Stock Packing Sales Stock Release Slip Sales Order Release Carrier Invoice Packing Sales Slip Order Stock Release Packing Slip Billing Department Sales Add prices and Invoice taxes, Bill Sales Customer and Journal record Sale Sales Invoice Customer