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Think about the sales and cash receipts process of a men's or women's clothing store...

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Question

Accounting

Think about the sales and cash receipts process of

a men's or women's clothing store where you shop.

a.What are the key objectives of this process?

b. What are the key risks that threaten the

achievement of those objectives? Key risks are

those that have the highest significance (that is,

combination of impact and likelihood)

c. Identify and map the major activities of the

process in the order in which they occur.

d. Based on your review of the major activities,

which of the risks identified in b. likely have the

greatest inherent significance?

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