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1 page/β‰ˆ275 words
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Style:
MLA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
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Topic:

Textbook Travails (Accounting, Finance, SPSS Essay)

Essay Instructions:

Learning Objective:
We will better understand the purchases and cash disbursement processes. We will understand both the potential risks inherent in these processes and the role specific types of controls play in mitigating these risks.
We will continue our discussion of the purchases cycle by analyzing a real-life scenario involving a purchase cycle in order to identify unmitigated risks and recommend additional controls for these processes.
Read Chapter 9 (314-331 & 337-350)
Read The University Store: Textbook Travails
Provide brief responses to the following questions:
(1) What are the major reasons for the University Bookstore’s obsolescence problems? (2) Discuss procedures to improve the store's textbook operations.

Essay Sample Content Preview:
Student Name
Course/Title
Prof/Tutor
Submission Date
Textbook Travails
(1) What are the major reasons for the University Bookstore’s obsolescence problems?
The first major reason is the program that the university uses to back the book they use. Textbook revisions have become less common, and textbooks can now be acquired through alternative ways. The number of cancelled classes and dropping the course has increased, making it challenging for the university store to figure out the expected enrollment. The second cause is the policy of retuning new books to publishers. The returned books are accepted from students even with broken seals. However, the same are rejected by publishers. Many of the publishers charge a certain fee so as to accept used book, thus reducing the value of the books they accept back. As such, the new textbook return policy has contributed to the university store’s obsolesce. Further, the university’s management systems are problematic, leading to inventory obsolescence...
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