1. What process have it in General Ledger and Reporting System?

- Update the general ledger

- Post the adjusting entries
- Prepare the financial statements
- Produce the managerial reports

2. What threat and control in prepare financial statements and produce managerial
reports?
Threats in prepare financial statements and produce managerial reports are:
- There are reports that are inaccurate
- There is fraud in financial reporting
- Poorly designed reports and graphics

So, how to control it is:

- Perform processes in controlling integrity, use packaged software, and conduct
training and audits.
- Auditing financial statements.
- Accounting is responsible for the reports and graphs created, using the balanced
scorecard, and conducting proper training on graphic design.

3. What is IFRS?
International Financial Reporting Standards (IFRS) are financial reporting standards
by understanding the system implications because financial reporting in IFRS is
different from Generally Accepted Accounting Principles (GAAP).