Accounting Information System- Platinum Case

Running Head: ACCOUNTING INFORMATION SYSTEM- PLATINUM CASE 1
Accounting Information System- Platinum Case
Name
Date

ACCOUNTING INFORMATION SYSTEM- PLATINUM CASE 2
Table of Contents
Executive Summary.....................................................................................................................................3
Brief Description of Special ordering System...............................................................................................4
Level 0 Data Flow Diagram..........................................................................................................................4
Internal Control Weaknesses.......................................................................................................................5
Impacts of the Weaknesses on the Organization.........................................................................................6
Measures to mitigate internal weaknesses in special orders at Platinum...................................................7
Modifications to the recommendations.................................................................................................7
References...................................................................................................................................................9

ACCOUNTING INFORMATION SYSTEM- PLATINUM CASE 3
Executive Summary
This paper evaluated the existing process of procurement for Platinum Group for special
ordering and procurement using a level 0 data flow diagram, with a view to identifying
weaknesses and proposing suitable solutions. Evaluating the system identified manual
approaches, lack of an established procurement process and weak internal controls. The special
ordering and procurement is prone to manipulation and abuse, especially in identifying suppliers
while automated check signing can be prone to abuse. Further, the manual system is time and
resource wasting and unwieldy. The impacts of these weaknesses is exposing the company to
procurement risks, such as substandard products, non competitive pricing, and potential for
internal fraud. A proposed solution is the use of a computerized system to manage orders,
establish a competitive procurement process where all potential suppliers give offers and the
buyers’ sit as a team, evaluate the offers, and select suppliers after a unanimous agreement