Point of sale (also called as POS or Checkout) is the place where a retail transaction is completed. It is the point at which a customer makes a payment to the merchant in exchange for goods or services. At the point of sale the retailer would calculate the amount owed by the customer and provide options for the customer to make payment. The merchant will also normally issue a receipt for the transaction. The POS in various retail industries uses customized hardware and software as per their requirements
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ISSUES IN ACCOUNTING EDUCATION Vol. 18‚ No. 2 May 2003 pp. 137ñ173 The Tallahassee BeanCounters: A Problem-Based Learning Case in Forensic Auditing Cindy Durtschi ABSTRACT: You are auditing the books of the Tallahassee BeanCounters (TBC)‚ a minor league baseball team in Tallahassee‚ Florida. During your audit the teamís owner‚ Franklin Kennedy‚ approaches you and offers an additional fee if you will quietly investigate the possibility of fraud within the firm. Mr. Kennedy reports that he received
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Internal Control and Risk Evaluation Internal controls are the key to running a successful business. Kudler Fine Foods‚ after reviewing flowcharts created by Accounting Team A‚ is requesting information regarding controls for system improvements. Presented here is an analysis of their current accounting information system‚ risks and controls associated with this system and an evaluation of applying internal controls to help mitigate risks and losses. Risk Analysis Assessing risk is a difficult
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Internal Control and Risk Evaluation A risk is the chance of a negative event occurring. Internal controls are policies and procedures set in place to reduce the occurrence of an associated risk. Risks are never entirely eliminated; however‚ internal controls help reduce the occurrence and balance the risk. This brief will discuss the risks of Kudler Fine Food’s current Accounting Information System (AIS). In addition‚ the internal controls designed to mitigate the risks. Furthermore‚ this
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Literature-Inventory System Inventory control systems maintain information about activities within firms that ensure the delivery of products to customers. The subsystems that perform these functions include sales‚ manufacturing‚ warehousing‚ ordering‚ and receiving. In different firms the activities associated with each of these areas may not be strictly contained within separate subsystems‚ but these functions must be performed in sequence in order to have a well-run inventory control system. In today’s
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because of our technology. Wherever you go computer still exist‚ especially in business it makes the procedure easy and secure by programming the manual system into a computerizing system. The role of technology in our life today has a big impact. Technology is the marking‚ modification‚ usage‚ and knowledge of tools‚ machine techniques‚ crafts system method of organization in order to solve a problem‚ achieve a goal or perform a specific function. It can also refer to the collection of such tools
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Sara Migliorini1‚† Mauro Gambini1‚† Marcello La Rosa2 Arthur H.M. ter Hofstede2‚3 Pattern-Based Evaluation of Scientific Workflow Management Systems 1 University of Verona‚ Italy Queensland University of Technology‚ Australia 3 Eindhoven University of Technology‚ The Netherlands † part of this work was conducted while visiting Queensland University of Technology‚ Australia 2 February 2011 Contents 1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . .
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System Evaluation David Zelaya CIS/207 Version 3 June 17‚ 2012 Ed Odjaghian System Evaluation There are many systems used in today’s companies have transformed how they do business. One specific system used in an organization has transformed how the organization operates that comes to mind is the FedEx PowerPad. This system I am very familiar with since I am a swing courier at FedEx Express I use it every working day. Now‚ the PowerPad is a replacement for the SuperTraacker which was
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Accounting Information System Overview a) Define Accounting Information System (AIS) (3 marks) An accounting information system is a collection of data and processing procedures that creates needed information for its users. It also can define as the information subsystem within an organization that accumulates and processes information from the entity’s various subsystems and communicates this information to the organization’s users. b) Compare and contrast between
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Development of Web Technology based Sales Ordering System Seminar No.: Third Seminar Date: 29 June 2006 Name: MA YU YU LIN Roll No.: 5MCS (Thesis) - 78 Supervisor: Daw Mi Mi Han Lecturer Information Science Department University of Computer Studies‚ Yangon Outlines • Abstract • Introduction • Objectives • Ecommerce and Business Process Management • Web Services • Web-based Technology • Overview of the System • Multi-Agent Technology
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