Identify at least three weaknesses in Khan Corporation’s revenue cycle activities.

Identify at least three weaknesses in Khan Corporation’s revenue cycle activities.

Q1. After reading the case study in the attached, please solve the following questions:

a. Identify at least three weaknesses in Khan Corporation’s revenue cycle activities.

b. Describe the problem resulting from each weakness.

c. Recommend control procedures that should be added to the system to correct the weakness

Q2. What are the advantages of the REA data model over the traditional AIS model?

Q3. Identify and discuss two methods of production planning.