Scenario (Part 3 – Exception Reporting): Gulf Coast Retail o…

Scenario (Part 3 – Exception Reporting): Gulf Coast Retail operates several Florida store locations using a point-of-sale (POS) system that uploads transactions nightly into the accounting system.Customer information is maintained separately in a Customer Master File managed by headquarters, which syncs automatically with the POS system each night.   After profiling June 2025 sales data, you created an exception report showing transactions where Customer IDs were missing or mismatched.A summary by store location is shown below:   Store Location Sales with Null Customer Customers with Null Sales Total Transactions Tampa 8 4 1,250 St. Petersburg 27 1 890 Sarasota 2 0 675     Management has requested a brief written summary explaining what these results indicate and how the accounting and IT teams should respond before financial close. Question:  Write a concise paragraph suitable for management that: Interprets what the exception report reveals, Explains the potential financial or operational impact, and Recommends next steps or controls.    

Scenario (Follow-Up):You previously discovered, through a FU…

Scenario (Follow-Up):You previously discovered, through a FULL JOIN between Sales and Customers, that Gulf Coast Retail’s June 2025 data contain: Sales transactions with null Customer fields, and Customer records with null Sales fields.You also have access to Employee ID and Payment Method information for each transaction.   Question: Explain how these data integrity issues could affect financial reporting, audit testing, and management decision-making at Gulf Coast Retail.Describe the controls or reconciliation steps you would recommend before the monthly financial close.      

While preparing data for Gulf Coast Retail’s sales analysis,…

While preparing data for Gulf Coast Retail’s sales analysis, you performed a FULL JOIN between the Sales table and the Customers table.The results revealed: Several records where Sales data exist but Customer fields are null. Several records where Customer data exist but Sales fields are null. Additional fields in the dataset include Employee ID (sales representative) and Payment Method (cash, credit, financing, etc.).   Question:Explain the potential business implications of each type of null value, and describe how you would investigate or address these issues using the additional information provided.