HI5019: Strategic Information Systems for Business and Enterprise - Business Assessment Answer

Required
Prepare a report to Chief Executive Officer of Rainbow Illusion to evaluate its processes, risks and internal controls for its revenue cycle. In your report, you need to include the following items:

• Identify six strengths in Rainbow Illusion’s system for controlling sales transactions.
• For each strength identified, explain what problem(s) Rainbow Illusion has avoided by incorporating the strength in the system for controlling sales transactions.
• Identify two situational pressures in a company like Rainbow Illusion that would increase the likelihood of fraud.
• Explain why some companies would choose to install a distributed computer system rather than a centralised one.

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