Sales Accounting System Risks Persuasive Essay Example

e some recommendations on how to make the conversion process a successful one. Problems 5. 4. 1 Upon review of St. James several risk factors have been identified due to their manual operations system. The highlighted risk areas pose a risk to the income statement and balance sheet. The accounts that are most likely to be impacted are the cash balance and inventory balance.

However cost of goods sold, taxes, sales evenue, compensation, amongst otherwise are all impacted as well. One risk intangible that is not discussed is the risk of losing customers due to a poor reputation and customer service. a. The fact that the cashier manually records the clerks name, product number, quantity sold, and sales price on a pre-numbered ticket indicate a potential misstatement in all these categories as the cashier may make an erro