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(PDF) Strategic Information System - Assignment

Added on - 11 Nov 2020

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Strategic Information Systemsfor Business and Enterprise
Executive summaryThe report is about the internal control system, payroll system, purchase and cash disbursementsystem of Bell Studio which is an Adelaide based wholesaler of art supplies. The organisationprocures its supplies from different parts of world namely China, Australia, Japan and NewZealand. The enterprise has a centralised system which is connected to different terminals atdifferent locations. The report is mainly about the purchasing, cash disbursement, payroll system,the way things are carried out in the company. Like when purchase department checks theinventory and it is found out that inventory is below safety level, a purchasing order is placeddigitally and the hard copies of the same is sent to vendor and purchasing department. Likewise,functioning of other systems has been shown through the data flow diagrams in the report.Further, it is evident from the report that company's internal control system faces few drawbackswhich has to be removed for making the organisation more efficient and effective so that costscould be reduced and profits could be increased.
Table of ContentsExecutive summary.........................................................................................................................2INTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Data flow diagram of purchases and cash disbursement systems................................................1Data flow diagram of payroll system...........................................................................................3..........................................................................................................................................................3System flowcharts of purchase system........................................................................................5System flowchart of cash disbursement system...........................................................................8System flowchart of payroll system.............................................................................................9Describing weakness in the internal control of each system along with risk associated with theidentified weaknesses.................................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13
INTRODUCTIONDifferent organisations have different internal systems for carrying out the routinefunctions of the business such as inventory control system, payroll system, cash disbursementsystem etc.(Hung and et.al., 2016)The present report is about the Bell Studio which is awholesaler of art supplies located in Adelaide, Australia. The project report will show variousdata flow chart diagram related to company's payroll, cash disbursement, purchasing system etc.Further, the assignment will highlight the internal control weaknesses in each system and thekind of risks associated with identified weaknesses.MAIN BODYData flow diagram of purchases and cash disbursement systemsA data flow diagram is a chart that provides the layout regarding how the information ispassed from one terminal to another terminal in a process or system.Data flow diagram of purchasing system:1
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