Accounting Information Systems 9th Edition by James Hall

تمرين 62

INTERNAL CONTROL
You are a consultant who has been hired to design a point-of-sale (POS) system with appropriate controls for a restaurant that accepts cash and credit cards including Visa, MC, and AMEX. The restaurant also issues coupons through the mail and in 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 GL accounts.
Required
a. Prepare a flowchart for the new system.
b. Describe the risks inherent in the system and the physical and computer controls needed to mitigate the risks.