ACCA BT Syllabus C. Business Functions, Regulation and Technology - Weaknesses in Accounting Systems - Notes 3 / 4
WEAKNESSES, POTENTIAL FOR ERROR AND INEFFICIENCIES IN ACCOUNTING SYSTEMS
Cash or cheques going missing
Excessive bad or doubtful debts
Customers not paying within credit terms
Suppliers not being paid on time
Unauthorized purchases being made
Failure to produce accounts or other reports at the specified time
Previous
Main Financial Systems
Syllabus C. Business Functions, Regulation and Technology
C5. Financial Systems and Technology
Next up
Computers & IT Software Applications
Syllabus C. Business Functions, Regulation and Technology
C5. Financial Systems and Technology