Purchasing - Receiving - Asset Management - Payroll - Purely Coincidental - Accounting Assessment Answer
Task:
Important to note that your group is required to develop, document and analyze a NEW business, NOT any existing system that might be inferred from the business case details. When you have advised the lecturer of your preferred business (from the selection of businesses provided), the lecturer will advise you of which of the subsystems your group is to develop, document and analyze. Possible Sub-Systems are:
- Sales
- Purchasing
- Inventory
- Receiving
- Shipping
- Asset Management
- Payroll
Assignment Project Objectives
This assignment is set to provide students with an opportunity to:
• Design an accounting information system to support a relatively small business system with some e-commerce capabilities,• Document it using a narrative description, and document systems flowchart,
• Identify and analyse measures that are in place to control the system and its data
• Recommend additional controls to improve operational and information system effectiveness.
Overview
Your group (of three members) will learn about and propose a design of part(s) of an accounting information system (e.g. accounts payable, general ledger) or a system closely related to the AIS (e.g., sales, human resources). Your first task is to determine which business scenario (from one of the business environments provided on the ACT304 Learnline site) your group will use. And then determine which interactive parts (subsystems) of an accounting information system you will design the end of week three, your tutor will allocate your to a group with three members and assign your group to a business scenario. Your tutor also will determine the sub-systems to be analyzed by your group. Once your group, business scenario, and sub-systems are known, you will plan your work as a group for the project. Next, you need to gather information about the industry of the firm indicated in the case study (business scenario). You should conduct both a manual and an on-line literature search to find recent, relevant articles in newspapers, trade journals, general business periodicals, etc. Examine the Web sites (if they have one) of potential competitors, an industry association etc. The purpose of this review will be to help you understand the operational and strategic challenges which affect how the firm’s AIS is used by accountants and managers in the organization. Your studies in ACT202 will provide part of the basis for your understanding of these issues. On an ongoing basis, you should also read relevant periodicals in case a relevant current article discusses the firm’s industry.
Part 1: Project plan
1.1 Group Member Responsibilities
Develop a clear understanding of how each member will contribute to the work of the group, communicate with one another, and ensure a quality product throughout the entire project. This section will require the group to set specific dates for completion of each part. Each student should be allocated one of the subsystems (three sub-systems in total) identified and contribute to each of the requirements1 of this assignment, as they are related to the sub-system allocated to the student.
Describe specific mechanisms that will ensure that:
i. the group does not rely excessively on any one individual,
ii. controversial issues receive adequate discussion of appropriate points of view,
iii. ongoing work is appropriately reviewed and revised well ahead of due dates, and
iv. the collective efforts of the group yield a better outcome than individuals working alone.
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