HI5019 Strategic Information Systems
SOLUTION AT Australian Expert Writers
HOLMES INSTITUTEFACULTY OFHIGHER EDUCATION
HI5019 Strategic Information Systems for Business and Enterprise Individual Assignment
Assessment Details and Submission Guidelines
Strategic Information Systems for Business and Enterprise
Case Study – Paradise Industries
Purpose of theassessment (with ULOMapping)
Students are required to: Critically evaluate the purpose and role of accounting information systems intoday’s business environment (ULO 1). Articulate the various transaction cycles, financial reporting, management reportingsystems and e-commerce systems to technical and non-technical stakeholders (ULO2). Appraise the risks inherent in computer-based systems/ERP, including the role ofethics and the various internal control processes that need to be in place (ULO 4).
20% of the total assessments
Not more than 2,500 words
Week 7, Friday 5:00 pm (AEST)
All work must be submitted on Blackboard by the due date along with a completedAssignment Cover Page. The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cmmargins on all four sides of your page with appropriate section headings and pagenumbers. Reference sources must be cited in the text of the report, and listed appropriatelyat the end in a reference list using Harvard referencing style.
Page 2 of 5HI5019 Strategic Information Systems for Business and Enterprise Individual AssignmentAssignment SpecificationsBackgroundAfter working at several accounting and consultancy firms for more than a decade, you have recentlydecided to start your own consultancy business. A friend of your wife introduces you to ParadiseIndustries, a manufacturer of high-precision machine tools based at Adelaide. Paradise Industriesemploys a centralised computer system with distributed terminals in the departments. The companyrecently have a number of operational problems and the managing director of the company hasengaged you to assess its systems and processes.Expenditure CycleWhen an inventory item falls to the recorder point, a purchase requisition is automatically generatedand printed on the terminal in the purchasing department. The purchasing clerk select suppliers andprepare a purchase order. One copy of the purchase order is sent to the supplier and another copyis sent to the receiving department. The purchasing clerk then adds a record to the open/closedpurchase order file through an update program in the data processing department.When the receiving clerk receives the delivery from the supplier, the clerk reconciles the items withthe packing slip and the purchasing order. After the reconciliation, the receiving clerk prepares ahard-copy receiving report recording the quantity and quality of the goods received. One copy of thereceiving report accompanies the items to the warehouse and another copy is filed in the receivingdepartment. Using the department terminal, the receiving clerk adds a record to the digital receivingreport file. The system then automatically closes the purchase order. Upon receiving the items, thewarehouse clerk updates the inventory subsidiary ledger through the terminal in the warehouse.When the supplier’s invoice arrives, the accounts payable clerk adds a record to the supplier invoicefile, which in turn triggers the system to automatically set up a liability in the accounts payablesubsidiary ledger based on the financial information contained in the invoice. The system thenautomatically updates all affected general ledger accounts.The computer system scans the accounts payable subsidiary ledger every day for items due to bepaid and print the cheque. The cheque is sent to the supplier and a copy is sent to cash disbursementswhere it is filed. The system then adds a record to the cheque register file and removes the liabilityin the accounts payable subsidiary ledger. Finally, the system automatically updates the generalledger accounts.Conversion CycleThe production process is triggered by a quarterly forecast of expected sales, which goes to theproduction planning and control clerk. From the clerk’s terminal, the production planning and controlclerk updates the digital production schedule to include the batches of products to be producedduring the next quarter. Drawing upon the bill of materials and routing sheet files, the systemautomatically prepares the digital work orders move tickets and material requisitions and sends themto the work centre supervisor’s terminal on a weekly basis.The work centre supervisor accesses the digital documents and print hard-copy work orders, movetickets and material requisitions. The supervisor distributes the move tickets and two copies of thematerial requisitions to each work centre in the production process.Page 3 of 5HI5019 Strategic Information Systems for Business and Enterprise Individual AssignmentStaff members submit the two copies of material requisitions to the warehouse in exchange for thematerials. If additional materials are needed beyond the standard quantity, the supervisor issuesadditional material requisitions. As the production is completed in each work centre, the staffmembers send the move ticket to cost accounting to the mark the completion of that phase of theproduction batch. Staff members also record labour time spent on each batch on hard-copy job cards,which they send to cost accounting. Finally, upon completion of the batch, the work centre supervisorcloses the open work order file.The warehouse clerk files one copy of the material requisition and updates the materials inventoryfile from the terminal in the warehouse office. The clerk then sends a second copy of the materialrequisition to cost accounting. At the end of the day, the clerk prepares a digital journal voucher andposts it to the general ledger control accounts.The cost accounting clerk accesses the digital work orders and set up a work-in-process account forthe production batch. The clerk also receives move tickets, job tickets, and material requisitionsthroughout the production process and use the documents to post in work-in-process subsidiaryledger. At the end of each day, the cost accounting clerk prepares a digital journal voucher and poststo general ledger control accounts to reflect the status of work-in-process and to record transfers ofwork-in-process to finished good inventory.RequiredPrepare a report to the managing director of Paradise Industries to evaluate the processes, risksand internal controls for Paradise Industries’ expenditure and conversion cycle. In your report, youneed to include the following items:
System flow chart of expenditure cycleSystem flow chart of conversion cycleAnalysis of physical internal control weaknesses in the expenditure cycleAnalysis of the risks exist in the conversion cycle and the changes needed to reduce the risks
Assignment StructureThe report should include the following components:
Assignment cover page clearly stating your name and student numberA brief introduction of what the report is aboutBody of the report with appropriate section headingsConclusion
List of references
The report should be grounded on relevant literature and all references must be properly cited and includedin the reference list.Marking criteria
System flow chart of expenditure cycle
System flow chart of conversion cycle
Analysis of physical internal control weaknesses in the expenditure cycle
Analysis of the risks exist in the conversion cycle and the changes needed toreduce the risks
Page 4 of 5HI5019 Strategic Information Systems for Business and Enterprise Individual AssignmentMarking Rubric
System flowchart ofexpenditurecycle/2
Present asystem flowchart thatcorrectly depictthe wholeexpenditurecycle.
Present asystem flowchart thatcorrectly depictthe wholeexpenditurecycle with minorerrors.
Present asystem flowchart that depictthe expenditurecycle with someerrors and/oromissions.
Present asystem flowchart that depictthe expenditurecycle with errorsand/oromissionsthroughout thediagram.
Present asystem flowchart that doesnot properlyrepresent theexpenditurecycle.
System flowchart ofconversion cycle/2
Present asystem flowchart thatcorrectly depictthe wholeconversioncycle.
Present asystem flowchart thatcorrectly depictthe wholeconversion cyclewith minorerrors.
Present asystem flowchart that depictthe conversioncycle with someerrors and/oromissions.
Present asystem flowchart that depictthe conversioncycle with errorsand/oromissionsthroughout thediagram.
Present asystem flowchart that doesnot properlyrepresent theconversioncycle.
Analysis ofphysical internalcontrolweaknesses inthe expenditurecycle/3
Present anexcellentanalysis ofphysical internalcontrolweakness in theexpenditurecycle.
Present a verygood analysis ofphysical internalcontrolweakness in theexpenditurecycle.
Present a goodanalysis ofphysical internalcontrolweakness in theexpenditurecycle.
Present areasonableanalysis ofphysical internalcontrolweakness in theexpenditurecycle.
Present a weakor inadequateanalysis ofphysical internalcontrolweakness in theexpenditurecycle.
Analysis of therisks exist in theconversion cycleand the changesneeded toreduce the risks/9
Present anexcellentdiscussion therisks exist in theconversion cycleand the changesneeded toreduce the risks.
Present a verygood discussionof the risks existin theconversion cycleand the changesneeded toreduce the risks.
Present a gooddiscussion of therisks exist in theconversion cycleand the changesneeded toreduce the risks
Present areasonablediscussion of therisks exist in theconversion cycleand/or thechanges neededto reduce therisks.
Present a weakor inadequatediscussion of therisks exist in theconversion cycleor the changesneeded toreduce the risks.
Page 5 of 5HI5019 Strategic Information Systems for Business and Enterprise Individual Assignment
Report includedall elements andwas very wellpresented.Writing flowedclearly andsections werelinked veryeffectively.Referencing wasexemplary.English was usedvery effectivelyand was errorfree.
Report includedall elements andwas wellpresented.Writing flowedclearly andsections werelinkedeffectively.Referencing wasof a highstandard.English was usedeffectively withvery few errorspresent.
Report includedall elements andwas generallypresentedappropriately.Writing mostlyflowed well andsections werelinked.Referencing wasin accordancewith guidelines.English was usedeffectively withfew errorspresent.
Report includedmost elementsand wasadequatelypresented.Writingsometimes didnot flow clearlyleaving thepaper to seemdisjointed inareas.Referencing wassomewhat inaccordance withguidelines. BasicEnglish was usedwith someerrors present.
Report lackedsome elementsand was poorlypresented.Writing oftendid not flowclearly leavingthe paper toseem somewhatdisjointed.Referencing wasnot entirely inaccordance withrelevantguidelines. BasicEnglish was usedwith errorspresent.
An extensiveamount of highquality evidencefrom peerreviewed journalarticles andother sourceswas includedand usedeffectively tosupportdiscussion.
A broad range ofquality peerreviewed journalreferences andother sourceswas includedand usedeffectively tosupportdiscussion.
An adequaterange of peerreviewed journalreferences wasincluded andused to supportdiscussion.
An adequaterange of peerreviewed journalreferences wasincluded andused to a basicextent tosupportdiscussion.
Little or no peerreviewed journalreferences wereincluded andthese wererarely used tosupportdiscussioneffectively.
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