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Business Information Systems - Assignment

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Added on  2021-03-22

Business Information Systems - Assignment

   Added on 2021-03-22

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Business Information SystemsFinancial Management of ISCP1126
Business Information Systems - Assignment_1
ContentsIntroduction.................................................................................................................................................3Part 1.......................................................................................................................................................3Inventory.....................................................................................................................................................3Trade Receivable.........................................................................................................................................4Description of two sources of information, derived from two information systems, used to calculate inventory and trade receivable for inclusion in the financial statements....................................................4Part 2.......................................................................................................................................................5Departmental (including project) budget/control.......................................................................................5Project Planning..........................................................................................................................................6Business Case..............................................................................................................................................7Benefits Monitoring.....................................................................................................................................8Contracts and Financing..............................................................................................................................8Bibliography................................................................................................................................................9
Business Information Systems - Assignment_2
Introduction For my assignment I have been asked to create a report consisting of two parts. For part one I have been asked to define the terms “Inventory” and “Trade Receivable. I was also asked to describe sources of information, derived from two information systems that are used to calculate inventory and trade receivable for inclusion in the financial statements. In the second part of the report I have been asked to discuss the application of finance and accounting techniques within an IS/IT function. My discussion consists of justified reasons of what, when and how each of the applications of finance and accounting are considered and used.Part 1InventoryInventory, is defined as the raw materials and products made from them that a company owns and with the intentions to sell in purchases. Inventory is also includes raw materials that are in the process of being made into a final product. Since these can be sold (in the near future) and turned into cash, it is counted as an asset on the company’s balance sheet.If a company wanted to calculate a sum of inventory to be placed as the balance sheet amount, they must estimate the value of their inventory. For example, if Argos had 3,000 of its new radio control cars in their warehouse, and expected to sell them to customers for £150.00 each, they would be able to calculate £450,000 on their balance sheet as the value of their current inventory. (3,000 cars x £150 each = $450,000). Trade ReceivableTrade receivable, which is also considered an asset on a company's balance sheet, is defined as the sum of money that is owed by customers being that a product or services was purchases on credit. On the balance sheet this can be readily converted into a cash sum.If a company wanted to calculate a sum for trade recievable on their balance sheet they would simple have to calculate all purchase that were credited by customers. For example, if Argos credit 5 unit radio control cars to a customer who still has to
Business Information Systems - Assignment_3

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