Answer the following questions from the textbook, Accounting Information Systems by James A. Hall (9th Edition), in your own words (if you include quotes, follow-up with your own words) and provide a unique example to support your response:
When responding to the Discussion Questions:
1. Include a 2-3 sentence answer for each question.
2. Hit enter twice and type "EXAMPLE:"
3. Provide an example from your place of business, home life, the news, or an example you found on the internet.
Question 1. Why do firms have separate departments for warehousing and shipping? What about warehousing and inventory control? Doesn't this just create more paperwork?
Question 2. What financial statement misrepresentations may result from an inconsistently applied credit policy? Be specific.
Question 3. Discuss the trade-off in choosing to update the general ledger accounts in real-time versus batch.
Question 4. How is EDI more than technology? What unique control problems may it pose?