Having the proper hardware and software integrating Riordan Manufacturing data into automated systems will make life easier for those involved with all the accounting cycles, especially accounts receivable. Many different departments of Riordan Manufacturing will need access to different levels of the new system. The accounting clerk needs access to enter and edit billings, payments, and adjustments of credits/debts, but only needs to view reports such as the General Ledger and month end reports. The General Accountant and the General Accounting Supervisor, on the other hand will need access to edit these reports. The Director of Accounting and Finance will need access to review and edit these reports as well as reports from other departments in the Finance area, such as Accounts Payable and Credit. The President, CEO, COO, and CFO will need access to view the entire system, from month end reports down to payment reports. Although, upper and middle management will normally not need to view the lower reports, questions arise from the month and year end reports that require investigation using reports such as payment histories and Agings. The controls that need to be in place for this are preventative, detective, and corrective controls. To integrate the accounts receivable process into an automated system for Riordan Manufacturing, management needs to reduce the likelihood of risks happening in the future. (
The firm is attempting to consolidate customer information to deliver better value to the customer. The firm has historical records in many disparate databases, as well as in paper files and microfiche. Riordan has a system to track historical sales. In the past, most sales data was recorded using paper and pencil. In the last few years, the firm has managed the information electronically. Information available includes the following:
  * Dates including order, delivery, and payment dates by order.
  * Unit and dollar volume of each...