Flaws in Mapping of Accounts

B.

If there are flaws in the mapping of accounts between a front-end subledger and a main ledger, the greatest concern would be the inaccuracy of financial reporting, as this can have serious consequences for the organization's financial statements.

Financial reporting is the process of providing information about an organization's financial performance to stakeholders, including investors, creditors, and regulatory agencies. It is critical that financial reporting is accurate, reliable, and timely, as it can have a significant impact on the decision-making process of stakeholders.

The front-end subledger is typically used to enter transactions and maintain detailed account balances, while the main ledger is used to summarize and report on the financial activity of the organization. The mapping of accounts between the two systems is important because it ensures that the transactions entered into the subledger are properly reflected in the main ledger.

If there are flaws in the mapping of accounts, it could result in transactions being recorded incorrectly in the main ledger. This could lead to errors in financial reporting, such as incorrect account balances, incorrect income statements, and incorrect balance sheets. These errors could lead to misinterpretation of the organization's financial performance, which could in turn lead to poor decision-making by stakeholders.

Unauthorized alteration of account attributes, inability to support new business transactions, and double-posting of a single journal entry are all concerns that could arise if there are flaws in the mapping of accounts between the two systems. However, they are not as great a concern as the inaccuracy of financial reporting, as they are less likely to have a significant impact on the organization's financial statements.