Description
No plagiarism or copying from other student paper , Add references
should meet the requirements
answer Q1 + Q3 question 2 only paraphrasing
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Explanation & Answer
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College of Administrative and Financial Sciences
Assignment 3
Deadline: (End of Week 12) 21 /11/ 2020 @ 23:59
Course Name:
Student’s Name:
Accounting Information System
Course Code: ACCT 402
Student’s ID Number:
Semester: I
CRN:
Academic Year: 1441/1442 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: …… /5
Level of Marks: High/Middle/Low
Instructions – 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 answered 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.
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1. Under the expenditure cycle ordering materials, supplies and services are the first activity.
Explain the following ordering threats with suitable example with each of these.
(1.5 Marks)
a) Purchasing at inflated prices
Purchasing at inflated prices would decrease the productivity of an element. Envision the
expense of products sold increments because of buying at inflated cost, this would affect
the benefit of the entity.
In the period of the Coronavirus pandemic, the government imposed wearing masks, which
led to an increase in demand for masks and forced consumers to buy the masks at higher
prices than before.
b) Unreliable Suppliers
Unreliable supplier would harm the standing of the entity. In the event that the nature of
crude materials is not of good quality the end result produce would be of bad quality and
consequently this would contort the image of the association in the front of the clients.
c) Kickbacks
Kickbacks are endowments/gifts from providers to buying specialists to impact their
selection of providers. To prevent kickbacks, organizations ought to restrict buying
specialists from tolerating any endowments/gifts from potential or existing providers.
These approaches ought to apply not exclusively to blessings of unmistakable products,
yet additionally to administrations.
2. There may be several production operations threats. State any three production operations
threats and also suggest some measures to control these threats. (1.5 Marks)
1- Theft of inventory
Theft makes stock records mistaken, which can prompt issues in dispatching client
orders. there are a few control methodologies that can decrease the danger of stock burglary. To
begin with, stock ought to be kept in a safe area to which actual access is limited.
Second, all stock exchanges inside the organization ought to be reported. Stock ought to be
delivered to delivery representatives dependent on affirmed deals orders Both distribution center
and transportation workers should sign the archive going with the items (or make the fitting
affirmation of the exchange on the web) at the time the products are moved from stock to
delivery. This technique encourages following the clarification for any stock deficiencies, and
consequently the responsibility gave urges workers to put together and keep up exact records.
The utilization of wireless communication innovations and RFID labels can give ongoing
following of stock on the way, which may help decrease robbery. At long last, recorded
measures of stock ought to be intermittently accommodated with actual checks of stock close by,
and the workers answerable for stock authority ought t...