Griffith Ltd has just realised that it has a problem with its general ledger data. It posts daily transactional data from subsidiary systems to the general ledger at 10 pm each evening. The resulting general ledger month-end reporting data is made available at 9 am on the first day of the month. Griffith Ltd is a global organisation with operations in every possible time zone worldwide.

(a) What decisions made during the general ledger and financial reporting cycle would potentially be affected by this data problem? (LO3, LO4)

(b) How would those decisions be affected? How would this data problem affect the reported results of the organisation? (LO3, LO4, LO6)

(c) How would this data problem affect other processes at Griffith Ltd? (LO1, LOS, LO4, LO6)