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Part A (2): Transaction Cycle: Revenue Cycle (Word Limit 1000) [15 marks] Huy Manufacturing Services Limited supplies clients with equipment, tools, and hardware. The organisation
Part A (2): Transaction Cycle: Revenue Cycle (Word Limit 1000) [15 marks] Huy Manufacturing Services Limited supplies clients with equipment, tools, and hardware. The organisation has a regular client who has ordered goods from it for over ten years. A star employee of the company is Zill Blakey. Zill is a conscientious worker, and her peers acknowledge her for her hard work and diligence. Zill has been working at the company for the past 20 years. She has risen through the ranks to oversee the equipment section. She has held this managerial position for the past ve years. She has the skill to forecast what the company's customers require accurately. Every month Zill automatically orders equipment for the company's customers. These orders are processed and subsequently dispatched to customers. In the past six months, many customers have incurred heavy losses and frequently see Zill's automatic ordering system as a nuisance. The customers are, therefore, delaying any payments due to the company. The senior manager has approached Zill to review her approach to increasing customer satisfaction but is still reluctant to change her ways. Required: (a) Critically analyses what controls are present and absent in Huy Manufacturing Services Limited. [7.5 marks] (b) Upon considering the strength and weaknesses of Huy Manufacturing Services Limited. draw a level 0 logical diagram depicting the enhanced payment cycle with all internal control weaknesses addressed. [7.5 marks]
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