Performed in the revenue cycle

Assignment Help Operation Management

Reference no: EM132267834

We discussed general controls, such as passwords and user-IDs and how the access control matrix defines what an individual user can/cannot do for any individual task. Listed below are tasks that are performed in the REVENUE CYCLE. ASSUME THERE ARE THREE EMPLOYEES IN THE REVENUE CYCLE. Together, these employees perform the tasks below.

REQUIRED Management has asked you to separate the tasks between the three persons so as to maintain separation of duties. You are to decide which tasks can be performed by the same person WITHOUT violating separation of duties. For each task, indicate if it can be performed by person A, B, or C. Make sure the tasks assigned to any person do not violate separation of duties.

TASK PERSON

Record cash receipts

Record invoices

Record credit memos

Record sales orders to customers

Approve new customers

Approve credit limits

Update credit limits

Make adjustments to customers’ accounts

Approve sales orders

Review shipping orders

Reference no: EM132267834

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