Ecommerce is a word coined to describe business conducted over the Internet. Ecommerce is similar in some ways to traditional retailing, but it presents new challenges. Go to the website of Amazon.com. Investigate and list the steps a customer makes to purchase an item on the site. How do these steps differ from those in a traditional retail store such as Borders or Barnes &

Noble? What are some of the accounting challenges in recording Internet transactions? Be prepared to discuss your results in class.

Group Activity Case Merchandise Inventory and Internal Controls