Strategic Information Systems for Business and Enterprise - Assignment
Added on 2021-06-02
10 Pages2832 Words52 Views
Running head: Strategic Information Systems for Business and EnterpriseHI5019: Assessment 1[Name of the author][Name of the institution]1
Table of ContentsIntroduction................................................................................................................................................3Research background................................................................................................................................3Scope...........................................................................................................................................................3Theoretical Background............................................................................................................................3Question 1...................................................................................................................................................3The department of warehouse..................................................................................................................4The department of transportation.............................................................................................................4Management of inventory........................................................................................................................4R.C.E. Limited’s defects of internal control C.R.P. and SOPP.............................................................5Complete separation of responsibilities (re-examination).......................................................................5Orders are sent in different ways (non-standard).....................................................................................5The credit policy is not updated...............................................................................................................6Probable hazards are related to known internal control weaknesses...................................................6Non-standardized consumer orders..........................................................................................................6Account not updated................................................................................................................................6Excess inventory hazards.........................................................................................................................7Transportation defects..............................................................................................................................7What are the fraud types?........................................................................................................................7Fraud of employee...................................................................................................................................7Fraud of administration............................................................................................................................7Conclusion..................................................................................................................................................8References...................................................................................................................................................92
IntroductionThe R.C.E. Limited is an outdoor camping retailer and rafting wholesaler throughoutQueensland. Camping and rafting are outdoor remaking events that take place in rivers or other waterswith inflatable rafts. The requirements for teamwork and risk management usually depend on experience(Dezi et al., 2018).Research backgroundThe study aims to process R.C.E. Limited sales orders and cash orders and review its revenuecycle (Vij, 2019). However, the revenue cycle is an approach for maintaining and monitoring processesutilized to finish accounting, e.g., recording and tracking transactions of measured profits for an item orservice.ScopeThe study helps to explore the enterprise’s revenue cycle and its functions regarding orders of sale purchase. Theoretical BackgroundThe R.C.E. Limited is a wholesaler of camping and rafting equipment utilized in outdoorservices as camping retail stores in Queensland (Azzali et al., 2018). The document is based on R.C.E.Limited corporation’s profit cycle. Question 1According to the division's responsibilities between the transportation, three warehousingdepartments, and the department of inventory control, the R.C.E. Limited needs a perfect navigationstructure for inventory storage, sales, and inventory purchasing (Akhmetshin et al., 2018). Furthermore,the three functions are discussed above. By studying and understanding each of these functions and theirresponsibilities, we can better comprehend why essential and affordable extra costs are associated withmaintaining independent functions (Di et al., 2020).3
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