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1. Describe the risks associated with the system depicted in the flowchart below. 2. Describe the physical controls needed to mitigate each risks. Purchases Department Receinine Denartment Central Comauter Facility

1. Describe the risks associated with the system depicted in the flowchart below. 2. Describe the physical controls needed to mitigate each risks. Purchases Department Receinine Denartment Central Comauter Facility

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Chapter 5: Homework Mini Cases Required: 1. Describe the risks associated with the system depicted in the flowchart below. 2. Describe the physical controls needed to mitigate each risks. Purchases Department Receiving Department Čentral Čomputer Facility Account Payable Department Warehouse Packing Slip Vendor PO Invoice Rec Reprt Identify Items and Select Prepare Receiving Accaunting System Vendor report Reconcile Reconcile and Packing Slip Updlate Inventory documents and Rec Reprt set up Liability nve ntory PO Records Rec Reprt Rec Reprt PO Invoice ALLOUnt PO Payable Rec Reprt Vendor
Transcribed Image Text:Chapter 5: Homework Mini Cases Required: 1. Describe the risks associated with the system depicted in the flowchart below. 2. Describe the physical controls needed to mitigate each risks. Purchases Department Receiving Department Čentral Čomputer Facility Account Payable Department Warehouse Packing Slip Vendor PO Invoice Rec Reprt Identify Items and Select Prepare Receiving Accaunting System Vendor report Reconcile Reconcile and Packing Slip Updlate Inventory documents and Rec Reprt set up Liability nve ntory PO Records Rec Reprt Rec Reprt PO Invoice ALLOUnt PO Payable Rec Reprt Vendor
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