Accounting Information system

Q1. Strategy level decisions are typically made by senior management within the organisation and create the policy framework within which the cycle operates. To be effective, strategy level business process decisions should be congruent with the overarching business strategy. Identify at least three examples of strategy level decisions in the revenue cycle.

Q2. Some restaurants use customer orders or bills with pre-numbered sequence codes. Each food server uses these forms to write up customer orders. Food servers are told not to destroy any customer orders; if a mistake is made, they are to void that order form and write new one. All voided forms are to be returned to a manager daily. How does this policy help the restaurant control cash receipts?

Q3. Do you agree that the most effective way to obtain adequate system security is to rely on the integrity of company employees? Why or why not? Does this seem ironic? What should a company do to ensure the integrity of its employees?