Accounting Information Systems and Control Issues Essay

Accounting Information Systems and Control Issues - Essay archetypeA Control Manager warrants efficient and effective exploitation of resources in an establishment so that the think goals are achieved. It seeks to measure the divergence of actual productivity from the benchmark performance and analyses the causes of the divergence if any and renders measures to soak up corrective actions. Controlling has several features As dynamic in nature, it enhances the coordination of activities taking place in an organisation and helps in the process of planning. Internal moderate In the context of accounting and finance, internal control relates to a process by which the structure, the flow of task and authority, the people and the management information systems are designed in a manner so as to help an organization achieve definite goals and objectives. By this cognitive process an organization directs monitors and measures its resources. Control plays a significant part in checking an d identifying fraud and defending both sensual resources like land and machinery and intangible resources like goodwill or intellectual property (Trenerry, p.126). The objectives of internal control in an organisation would mean delivery of reliable financial reporting, opportune feedback when operational goals are achieved and deference with rules and regulations. At the level of a specific functional department, internal control, also referred to as operational control, refers to the subject matter by which definite objectives are achieved. For example, all the transactions that are taking place between the lodge and the suppliers are should be accounted for. Internal Control system is implemented over Financial Reporting to stop up accounting statements are accurate so that the financial statements are reliable (Harrer, p.2). Revenue Control Issues in FoodRUs FoodRUs, a countrywide chain of wholesale depot, supplies to the small to medium scale shops and catering businesses. The credit hurt with its customers is that if a customer has good credit records then they can buy on account. Else they are to lucre 100 % cash before taking delivery of their merchandise. The company also has an online portal through which they distribute their products. The main control problem that