STRATEGIC INFORMATION SYSTEMS FOR BUSINESS AND ENTERPRISE: CASE STUDY – RAINBOW ILLUSION

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Clear evaluation of the revenue cycle is a very important consideration to attain competitive advantage in the present market scenario. The revenue system consists of all the details concerning the total number of items sold, the discounts offered to each customer, the profits that have been generated and the number of items that has been sold on a daily basis. This difficult economic climate calls the business managers to consider the various aspects of company operations so that there is less scope for wastage and increased efficiency among the employees. The business owners should especially be careful about their revenue cycles because that is the area, where the maximum fraud occurs. This ensures that internal controls must be imposed on the revenue cycles of the companies. 

This assignment aims to identify the sales and revenue of RAINBOW ILLUSION.  The company uses a number of backdated systems that is not fit for modern business. As a result, this report aims to evaluate the processes, risks and internal controls for the company’s revenue cycle.  

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