What is the relationship between data, information and an information system? How is a credit check in the advanced technology system fundamentally different from a credit check in the basic technology system? You are a consultant who has been hired to design a point of sales (POS) system for a restaurant that accepts cash and credit cards. The restaurant also issues coupons through local newspapers, which it accepts as cash from customers.The system will employ computer terminals with cash drawers that are connected to a central computer. Servers take orders and receive payments from customers. At the end of the shift, servers reconcile their cash drawers with the manager. The system automatically updates the journals and General Ledger accounts. Describe the risks inherent in the system and the physical and computer controls needed to mitigate the risks.
What is the relationship between data, information and an information system? How is a credit check in the advanced technology system fundamentally different from a credit check in the basic technology system? You are a consultant who has been hired to design a point of sales (POS) system for a restaurant that accepts cash and credit cards. The restaurant also issues coupons through local newspapers, which it accepts as cash from customers.The system will employ computer terminals with cash drawers that are connected to a central computer. Servers take orders and receive payments from customers. At the end of the shift, servers reconcile their cash drawers with the manager. The system automatically updates the journals and General Ledger accounts. Describe the risks inherent in the system and the physical and computer controls needed to mitigate the risks.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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- What is the relationship between data, information and an information system?
- How is a credit check in the advanced technology system fundamentally different from a credit check in the basic technology system?
- You are a consultant who has been hired to design a point of sales (POS) system for a restaurant that accepts cash and credit cards. The restaurant also issues coupons through local newspapers, which it accepts as cash from customers.The system will employ computer terminals with cash drawers that are connected to a central computer. Servers take orders and receive payments from customers. At the end of the shift, servers reconcile their cash drawers with the manager. The system automatically updates the journals and General Ledger accounts.
- Describe the risks inherent in the system and the physical and computer controls needed to mitigate the risks.
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