Answer the following questions from the textbook, Accounting Information Systems by James A. Hall...

Question

Answer the following questions from the textbook, Accounting Information Systems by James A. Hall (9th Edition), in your own words (if you include quotes, follow-up with your own words) and provide a unique example to support your response:

Chapter 4 Discussion Questions: 1, 9, 11, 16

Note: When responding to the Discussion Questions:

1. Include a 2-3 sentence answer for each question.

2. Hit enter twice and type "EXAMPLE:"

3. Provide an example from your place of business, home life, the news, or an example you found on the internet.

Question 1

Why do firms have separate departments for warehousing and shipping? What about warehousing and inventory control? Doesn’t this just create more paperwork?

Question 9

What financial statement misrepresentations may result from an inconsistently applied credit policy? Be specific.

Question 11

Discuss the trade-off in choosing to update the general ledger accounts in real-time versus batch.

Question 16

How is EDI more than technology? What unique control problems may it pose?

1 Page

David · Accepted Answer

Answer1. 
 Separate department for warehousing and shipping: 
Companies have separate department for the warehousing and shipping because: 
 It is easy to control the department separately. They could have separate compliance and 
control mechanism for warehousing department as well as shipping department. 
 It is easy to check the pending and balance task. So delivery and storage of different 
products would much efficiently. 
 Easy to check any fraudulent happen in the departments. However it would create more 
paper work. 
Example:  
 Amazon has different units for warehouse and shipping. Where warehouse could have SKU 
(Stock keeping unit) that shows that it is required for stock management. 
 Most toymakers work year round to be sure they have enough toys available for sale during 
the holidays. However,

Answer the following questions from the textbook, Accounting Information Systems by James A. Hall (9th Edition) , in your own words (if you include quotes, follow-up with your own words) and provide a...

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