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Accounting Information Systems(AIS) Assignment

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Added on  2020-05-28

Accounting Information Systems(AIS) Assignment

   Added on 2020-05-28

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Running head: ACCOUNTING INFORMATION SYSTEM Accounting Information SystemUniversity NameStudent NameAuthors’ Note
Accounting Information Systems(AIS) Assignment_1
2ACCOUNTING INFORMATION SYSTEM Executive SummaryThe current report prepared from the perspective of a newly employed individual intends toassess the internal controls of the corporation. In essence, the current report aims to elucidatein detail diverse weaknesses in the overall structure of the internal control of the corporationand assess the overall procedure of sales. Based on the analysis of the study, the accountantof the study intends to analyse credit score. Furthermore, the report also mentionsillustratively different recommendations that the management of the firm can introduce withimmediate consequences in a bid to lessen the scope and possibilities of fraud and introducecredit card into the cycle of business. Finally, the current study also presents in detail thesignificance of the benefit of particularly corporate credit and provides summarizedimpression of the report.
Accounting Information Systems(AIS) Assignment_2
3ACCOUNTING INFORMATION SYSTEM Table of ContentsAccounting Information System................................................................................................1Introduction................................................................................................................................3A succinct view of the sales procedure of Bucks Phyz..............................................................4Internal Control Weaknesses of Bucks Phyz.............................................................................4Influence of Weaknesses on the firm.........................................................................................7Influence of corporate credit on the firm Bucks Phyz...............................................................8Internal controls to lessen the influence of corporate credit card..............................................8Recommendations......................................................................................................................9Conclusions................................................................................................................................9References................................................................................................................................10
Accounting Information Systems(AIS) Assignment_3
4ACCOUNTING INFORMATION SYSTEM IntroductionBucks Phyz can be considered to be a developing industry, that is to say a mediumsized enterprise that is undergoing restructuring programs since the past two years.Essentially, the restructuring program occurs in the sales team and functional environment ofthe business. Apart from this, yet another considerable alteration also takes place in theworkforce of the corporation. Workers of the corporation are regularly shuffled and new tasksare assigned. Owing to these kinds of alterations in the business concern, it can be observedthat there are certain redundancies in the operations of the workers and this subsequentlyleads to blurred accountabilities. Furthermore, the company Bucks Phyz has currentlyencountered fraudulent actions in the accounting section of the firm directing towardsrevenue loss and deterioration in the firm’s figure of sales. Taking into consideration thefraudulent actions in the corporation, management of the firm intends to employ newaccountants for restructuring processes and roles of employees and challenging operatingenvironment for the corporation Bucks Phyz. Basically, this study is meant to assess diverseissues along with internal controls of the corporation in order to make it more productive. A succinct view of the sales procedure of Bucks PhyzBucks Phyz is necessarily a medium sized enterprise that acquires an annual turnoverof $2.5 million. The corporation has currently undergone organizational restructuring in a bidtom make it able enough to develop its business and resolve the issues associated to internalcontrol. Basically, new tools of pricing introduced by the corporation can be considered to bea major process of restructuring that has occurred in the past two years. Both standardized aswell as specific processes is existent in the corporation, nonetheless they get messed with oneanother making the operating environment intricate (Adenike & Michael, 2016). Bucks Phyzessentially has an obsolete online template that necessarily does not match with the standards
Accounting Information Systems(AIS) Assignment_4

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