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Essay Details:
Essay text:
The study is an analysis of an Accounting Information System currently used by Central Manufacturing Inc. The scope of the study is the customer account management business process. We conducted structured interviews of accounting staff and the management team and reviewed the methods and procedures utilized by the company in order to manage their Accounts Receivable. Our observations are as follows.
Identified Issues/Problems
The president of the company is concerned with the bad debt losses and the fact that a large number of accounts are more than 90 days overdue. Late collections, large number of overdue accounts, and bad debts appear to be the symptoms of inadequate Accounts Receivables Management...
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