Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Conversion cycle flowchart

28/03/2021 Client: saad24vbs Deadline: 2 Day

HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION

HI5019 Strategic Information Systems for Business and Enterprise Individual Assignment

Assessment Details and Submission Guidelines

Trimester T1 2020

Unit Code HI5019

Unit Title Strategic Information Systems for Business and Enterprise

Assessment Type Individual assignment

Assessment Title Case Study – Paradise Industries

Purpose of the assessment (with ULO Mapping)

Students are required to:

 Critically evaluate the purpose and role of accounting information systems in today’s business environment (ULO 1).

 Articulate the various transaction cycles, financial reporting, management reporting systems and e-commerce systems to technical and non-technical stakeholders (ULO 2).

 Appraise the risks inherent in computer-based systems/ERP, including the role of ethics and the various internal control processes that need to be in place (ULO 4).

Weight 20% of the total assessments

Total Marks 20

Word limit Not more than 2,500 words

Due Date Week 7, Friday 5:00 pm (AEST)

Submission Guidelines

 All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.

 The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers.

 Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style.

Page 2 of 5

HI5019 Strategic Information Systems for Business and Enterprise Individual Assignment

Assignment Specifications Background After working at several accounting and consultancy firms for more than a decade, you have recently decided to start your own consultancy business. A friend of your wife introduces you to Paradise Industries, a manufacturer of high-precision machine tools based at Adelaide. Paradise Industries employs a centralised computer system with distributed terminals in the departments. The company recently have a number of operational problems and the managing director of the company has engaged you to assess its systems and processes. Expenditure Cycle When an inventory item falls to the recorder point, a purchase requisition is automatically generated and printed on the terminal in the purchasing department. The purchasing clerk select suppliers and prepare a purchase order. One copy of the purchase order is sent to the supplier and another copy is sent to the receiving department. The purchasing clerk then adds a record to the open/closed purchase order file through an update program in the data processing department. When the receiving clerk receives the delivery from the supplier, the clerk reconciles the items with the packing slip and the purchasing order. After the reconciliation, the receiving clerk prepares a hard-copy receiving report recording the quantity and quality of the goods received. One copy of the receiving report accompanies the items to the warehouse and another copy is filed in the receiving department. Using the department terminal, the receiving clerk adds a record to the digital receiving report file. The system then automatically closes the purchase order. Upon receiving the items, the warehouse clerk updates the inventory subsidiary ledger through the terminal in the warehouse. When the supplier’s invoice arrives, the accounts payable clerk adds a record to the supplier invoice file, which in turn triggers the system to automatically set up a liability in the accounts payable subsidiary ledger based on the financial information contained in the invoice. The system then automatically updates all affected general ledger accounts. The computer system scans the accounts payable subsidiary ledger every day for items due to be paid and print the cheque. The cheque is sent to the supplier and a copy is sent to cash disbursements where it is filed. The system then adds a record to the cheque register file and removes the liability in the accounts payable subsidiary ledger. Finally, the system automatically updates the general ledger accounts. Conversion Cycle The production process is triggered by a quarterly forecast of expected sales, which goes to the production planning and control clerk. From the clerk’s terminal, the production planning and control clerk updates the digital production schedule to include the batches of products to be produced during the next quarter. Drawing upon the bill of materials and routing sheet files, the system automatically prepares the digital work orders move tickets and material requisitions and sends them to the work centre supervisor’s terminal on a weekly basis. The work centre supervisor accesses the digital documents and print hard-copy work orders, move tickets and material requisitions. The supervisor distributes the move tickets and two copies of the material requisitions to each work centre in the production process.

Page 3 of 5

HI5019 Strategic Information Systems for Business and Enterprise Individual Assignment

Staff members submit the two copies of material requisitions to the warehouse in exchange for the materials. If additional materials are needed beyond the standard quantity, the supervisor issues additional material requisitions. As the production is completed in each work centre, the staff members send the move ticket to cost accounting to the mark the completion of that phase of the production batch. Staff members also record labour time spent on each batch on hard-copy job cards, which they send to cost accounting. Finally, upon completion of the batch, the work centre supervisor closes the open work order file. The warehouse clerk files one copy of the material requisition and updates the materials inventory file from the terminal in the warehouse office. The clerk then sends a second copy of the material requisition to cost accounting. At the end of the day, the clerk prepares a digital journal voucher and posts it to the general ledger control accounts. The cost accounting clerk accesses the digital work orders and set up a work-in-process account for the production batch. The clerk also receives move tickets, job tickets, and material requisitions throughout the production process and use the documents to post in work-in-process subsidiary ledger. At the end of each day, the cost accounting clerk prepares a digital journal voucher and posts to general ledger control accounts to reflect the status of work-in-process and to record transfers of work-in-process to finished good inventory. Required Prepare a report to the managing director of Paradise Industries to evaluate the processes, risks and internal controls for Paradise Industries’ expenditure and conversion cycle. In your report, you need to include the following items:

 System flow chart of expenditure cycle

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Accounting & Finance Mentor
Coursework Assignment Help
Essay & Assignment Help
Professor Smith
Isabella K.
Engineering Guru
Writer Writer Name Offer Chat
Accounting & Finance Mentor

ONLINE

Accounting & Finance Mentor

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$56 Chat With Writer
Coursework Assignment Help

ONLINE

Coursework Assignment Help

I have read and understood all your initial requirements, and I am very professional in this task.

$15 Chat With Writer
Essay & Assignment Help

ONLINE

Essay & Assignment Help

Give me a chance, i will do this with my best efforts

$25 Chat With Writer
Professor Smith

ONLINE

Professor Smith

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$17 Chat With Writer
Isabella K.

ONLINE

Isabella K.

Give me a chance, i will do this with my best efforts

$56 Chat With Writer
Engineering Guru

ONLINE

Engineering Guru

I have read and understood all your initial requirements, and I am very professional in this task.

$20 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Most reactive metal in group 1 - Cmp24 solar regulator manual - Prince fusion elite 19mm table tennis table - Self care eco map - If revenues exceed expenses for the accounting period - Mkt630 DQ3 - Justice crew casada song - Deed of partition nsw - Boyle's law calculations worksheet - The journey of my life poem by rabindranath tagore - Dynamic earth volcano lab google earth answer key - English 6 - Radian b spray boots - Mixed methods research a research paradigm whose time has come - Organizational behavior chapter 4 personality and values - Phone number type in sql - Bus Cont Plan&Disas Recov Plan (ISOL-632-A04) - Phd in Information Technology - Crypto Security Architecture - How do you write a cinquain - Persuasive speech on teenage driving - Carnival cruise mission statement - What sap fico consultant do - Fraser island natural features - Definition cultural context - The booth company's sales are forecasted to double from $1000 - Processing Porous and Non-Porous Surfaces - What did robert frost accomplish - Short reading. - Letter from birmingham jail thesis - Information Security Laws - Cpa transcript assessment form - Harmonic distortion in power amplifier - Journal Article Research - Supply Chain management - Daley company estimates uncollectible accounts using the allowance - Chapter 28 the affluent society outline - Mass of caco3 in antacid tablet - Determine the time constant for the circuit shown below - Grand canyon university student teaching requirements - Restricted psv operators licence - Tj maxx merchandise associate hourly pay - Burke litwin model strengths and weaknesses - Queensland christian soccer association - Business - Kligler iron agar and tsi - Nursing care plan ncp spinal cord injury - Dbt skills training manual - 36 argyle place millers point - Mitosis vs meiosis video - Macbeth quotes about power - Cell phone use in school debate - Joan didion california dreaming - Runner's world issue 3 2019 - The power of the t test increases with ____. - Disscussion 9/13 - Which of the following statements is true of extranets - Find remaining zeros of f degree 3 - Edit the mode.sngl formula in cell g3 - Midtronics exp 1050 software update - Apa style - Rhetorical analysis of a public document - Tonyas gluten free kitchen soft pretzel pieces original 10.8 oz - Social Work Presentation - AG - Guardianship qld fact sheet - 2.13 formation of the united states unit test - Titration of hydrogen peroxide with potassium permanganate - Insider trading involves course hero - Cpcccm1015a carry out measurements and calculations - How was the triple entente formed - Social work case studies foundation year 2013 pdf - Energy flow in ecosystem ppt - Who is bob cratchit - Legal aid qld caboolture - Assignment: Performance Management System Design - National Archives Assignment - Ap government chapter outlines - Wsp montreal quebec canada - Double helix water cancer - Working with foreign exchange rates worksheet answers - Analysis of a Pertinent Healthcare Issue - Noscitur a sociis define - Celena duncan i want your love back - Advantages and disadvantages of steganography - Sample church treasurer report - Combination criteria in the billing document - Rhetorical Analysis - Basildon council bin collection - Beech hill medical practice - Project - Southampton vts planned movements - Download adobe dynamic stamps - A job cost sheet contains - Rosemount 3051 ordering information - +91-8306951337 get your love back by vashikaran IN Erode - Betrayal in the city - Professional roles and values - Barry chi and holly chen net worth - How to divide sales territories - Louis vuitton case study solution - Biology