College of Administration and Finance SciencesInstructions – PLEASE READ THEM CAREFULLY
• The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
• All answers must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism.
• Submissions without this cover page will NOT be accepted.
Assignment Question(s):
(Marks 25)
Question 1:
(03 Marks)
What are the activities of sales order entry? Give four of the threats that may face and what could be
the possible controls for those threats?
Answer:
Question 2:
(03 Marks)
What are the advantages of the REA data model over the traditional AIS model?
Answer:
Question 3:
(04 Marks)
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College of Administration and Finance Sciences
Under the payroll system of an organization we find several components such as HRM Department,
Employees, Bank, Government Agencies, Insurance and other companies, Various other departments.
Take an example of an organization and explain the relationship of these components with reference
to Payroll System of that organization
Answer:
Question 4:
(05 Marks)
Shahid Corporation is a midsize, privately owned, industrial instrument manufacturer supplying
precision equipment to manufacturers in the Midwest. The corporation is 10 years old and uses
an integrated ERP system. The administrative offices are located in a downtown building and
the production, shipping, and receiving departments are housed in a renovated warehouse a
few blocks away.
Customers place orders on the company’s website, by fax, or by telephone. All sales are on
credit, FOB destination. During the past year sales have increased dramatically, but 15% of
credit sales have had to written off as uncollectible, including several large online orders to
first-time customers who denied ordering or receiving the merchandise.
Customer orders are picked and sent to the warehouse, where they are placed near the loading
dock in alphabetical sequence by customer name. The loading dock is used both for outgoing
shipments to customers and to receive incoming deliveries. There are ten to twenty incoming
deliveries every day, from a variety of sources.
The increased volume of sales has resulted in a number of errors in which customers were sent
the wrong items. There have also been some delays in shipping because items that supposedly
were in stock could not be found in the warehouse. Although a perpetual inventory is
maintained, there has not been a physical count of inventory for two years. When an item is
missing, the warehouse staff writes the information down in log book. Once a week, the
warehouse staff uses the log book to update the inventory records.
The system is configured to prepare the sales invoice only after shipping employees enter the
actual quantities sent to a customer, thereby ensuring that customers are billed only for items
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College of Administration and Finance Sciences
actually sent and not for anything on back order.
Questions:
a. Identify at least three weaknesses in Shahid Corporation’s revenue cycle activities.
b. Describe the problem resulting from each weakness.
c. Recommend control procedures that should be added to the system to correct the weakness.
Answer:
Question5:
(Marks 10)
The US dollar has been dominating the global economy as the world’s reserve currency for
decades. However, under the fluctuations of economics and changes in global power, the dollar
became questionable for the sustainability of this system. In your opinion, is it in the interest
of the world to abandon the US dollar?
What are the implications on the Saudi economy if the Saudi government decided to
disengagement the Saudi riyal from the US dollar?
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