Challenges and Solutions in Computer-Based Systems and E-commerce

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Executive summary
In the current business industry, Information Technology has been implemented. This
has not only increased the ease and productivity if businesses but it has also made it
more competing to survive. This has forced a business institution to not only
implementing IT techniques but maximizing of the best IT resources available; these
techniques help in completing the daily business processes.
In order to form maximum utilization of these technologies and techniques, it is
necessary that the institutions first conduct a preliminary investigation. This investigation
will help the institution to understand the required environmental aspect and also the
challenges that come with its implementation. By understanding this, the business will
be able to maximize on the systems, be it an ERP system or E-commerce.
The report below offers the information concerning the computer-based systems and
the challenges associated with it, it also offers ay that will enable a company to mitigate
and prevent challenges associated with the system.

Contents
Executive summary...........................................................................................................1
Introduction........................................................................................................................3
Transaction cycles.............................................................................................................4
The financial reporting system...........................................................................................5
Management reporting system..........................................................................................5
E-commerce.......................................................................................................................6
E-commerce shortcomings................................................................................................6
E-commerce security measures........................................................................................7
Risks associated with computer based/ erp systems........................................................7
Role of ethics and other internal control processes..........................................................8
Bell studio unified modeling language diagrams...............................................................9
Internal control weaknesses and associated risks to the company................................13
Conclusion.......................................................................................................................14
References.......................................................................................................................15

Introduction
In this report, one will be able to understand the different transaction cycles that are
present in an accounting system. In addition, E-commerce as a business entity will be
explained with reference to its challenges and how to handle them. The major challenge
being cyber-attacks, the report will also offer security routines that need to be adopted.
Businesses have also shifted from using manual systems to more advanced computer-
based systems. These systems have improved the mode in which business processes
were being carried out. The report will offer a comprehensive analysis of the ERP
system (Madapusi, and D'Souza, 2012). This will also include the shortcomings that are
brought about by implementing such systems into an organization.
Bell studio is an Adelaide-based wholesaler of art supply, the business processes that
are performed in the purchase, cash disbursement and payroll system have been
stated. In this report, their UML diagrams will be created. From these diagrams, the
flaws of the system with their corresponding consequences will also be stated.