Strategic Information for Business and Enterprise

Running head: STRATEGIC INFORMATION FOR BUSINESS AND ENTERPRISE
Strategic Information for Business and Enterprise
Name of Student-
Name of University-
Author’s Note

STRATEGIC INFORMATION FOR BUSINESS AND ENTERPRISE1
Executive Summary
Bell Studio is the wholesaler of the art supplies and follows the centralized accounting
information system to execute all the business operations in the organization. The
enterprise of Bell Studio includes different transaction cycles, different financial
reporting for the business operations, the management reporting of the system and the
e-commerce that is involved in the system. This particular report includes the operating
system of the Bell studio stating its working of the computer based systems. This report
also contains the opportunities that can be involved to overcome the computer fraud as
well as the security measures in the form of electronic commerce. The evaluation in this
report is done in the form of data flow diagram and system flowcharts of the related
system of Bell Studio.

STRATEGIC INFORMATION FOR BUSINESS AND ENTERPRISE2
Table of Contents
1. Introduction....................................................................................................................3
2. Data Flow Diagram for the Purchasing system and system of Cash Disbursements...4
3. Data Flow Diagram of Payroll System...........................................................................5
4. System Flowchart of Purchases System.......................................................................6
5. System Flowchart of Cash Disbursements System......................................................6
6. System Flowchart of Payroll System.............................................................................8
7. Internal Control Weakness and Risk Associated..........................................................8
8. Conclusion.....................................................................................................................9
Reference........................................................................................................................11

STRATEGIC INFORMATION FOR BUSINESS AND ENTERPRISE3
1. Introduction
Centralization is referred as a process that includes the activities involving the
planning as well as decision making of the system of Bell Studio (Kanodia and Sapra
2016). Centralization involves decision making and planning is done by the particular
leaders of the organization. The executives of an organization and the specialists of an
organization takes most critical decisions that are actually based on the head office.
The case study of Bell Studio includes centralized accounting system for
business operations (Haislip et al. 2015). Using the centralized system, the organization
has many advantages. The benefits that Bell Studio gets from their centralized payroll
system are having a clear chain of all the commands in the organization, fulfils the
vision of the company very easily, have low cost maintaining costs, and as the decisions
are mainly taken by the supervisors and the clerks, the enterprise is able to take quick
decisions relation to the process of the organisation.
But the centralized system in the Bell Studio also has many disadvantages that
are needed to be taken care off (Sun 2016). This report explains the business operation
of the system from the perspective of the business analyst and those business
operations area shown in the form of data flow diagram and system flowchart in this
report. This report also states the internal weakens of controlling the transaction cycles,
the management cycles and the financial cycle of the business operations and
addresses the risks that are associated with the internal weakness in controlling the
system. Some security measures are also explained in this report related to the risks
addressed (Zimmermann, Rentrop and Felden 2016).