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Accounting information system :assignment

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Added on  2021-04-21

Accounting information system :assignment

   Added on 2021-04-21

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Running head: ACCOUNTING SYSTEMSAccounting SystemsName of the Student:Name of the University:Author’s Note:Course ID:
Accounting information system :assignment_1
1ACCOUNTING SYSTEMSExecutive Summary:The current report aims to discuss the weakness in the internal control procedures ofrevenue cycle in Strings Private Limited. The main internal control weaknesses of Strings PrivateLimited include absence of credit check, access to inventory along with delayed delivery andshipping errors. For dealing with these issues, updating the inventory records, segregation ofrecord keeping for inventory and tightened credit policy are essential.The second segment of the report concentrates on using systems development lifecycle inorder to identify five deficiencies in Queensland Health Payroll System. These includeacceptance of inherent risk, industrial complexities, lack of communication, IS implementationissue and ineffectiveness of IBM team. For minimising these deficiencies, the cost of the newproject needs to be projected along with ascertaining whether the proposed system would becost-effective for the organisation.
Accounting information system :assignment_2
2ACCOUNTING SYSTEMSTable of ContentsIntroduction:....................................................................................................................................3Question 1: Risks and controls........................................................................................................31. Internal control weaknesses in Strings Revenue Cycle:.........................................................32. Potential effects of the identified weaknesses on the organisation:........................................43. Specific internal controls to be implemented for mitigating the risks identified:...................5Question 2: Systems development lifecycle....................................................................................6Five deficiencies in Queensland Health Payroll System Project and recommendations toovercome these deficiencies in future projects:...........................................................................6Conclusion:......................................................................................................................................9References:....................................................................................................................................10
Accounting information system :assignment_3
3ACCOUNTING SYSTEMSIntroduction:The current report aims to discuss the weakness in the internal control procedures ofrevenue cycle in Strings Private Limited. Strings Private Limited is a private Australianenterprise, which is involved in manufacturing musical instruments and parts needed for theirrepair. Along with this, the effects of such weaknesses on the organisation have been evaluatedand accordingly, particular internal controls would be formulated in order to eliminate suchweaknesses. The latter segment of the report concentrates on using systems developmentlifecycle for identifying five deficiencies in Queensland Health Payroll System. Hence,recommendations have been made for overcoming such deficiencies in future projects. Question 1: Risks and controls1. Internal control weaknesses in Strings Revenue Cycle:Based on the provided case study, it could be identified that the main internal controlweaknesses in Strings Revenue Cycle comprise of the following:Absence of credit check:As observed in the case study, 17% of the sales made on credit in the past year have to bewritten off as uncollectible, since the customers denied ordering or receiving merchandise. Theproblem in sales department of the organisation is that there is absence of any credit check togain insights about the customer credibility. This is significant in generating profit for theorganisation (Sun, 2016). Access to inventory:
Accounting information system :assignment_4

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