Accounting Information Systems are Constructed and Operated - Accounting and Finance Assignment Help

Assignemnt Task :

Unit Learning Outcomes Assessed: 

1. Understand and explain the environment in which accounting information systems are constructed and operated. 

2. Understand and explain the place of an accounting information system in the context of the organisational structure and operating practices. 

3. Identify, analyse and compare different types of accounting information systems. 

4. Use different methodologies to evaluate various accounting information systems. 

Description:

Each week students were provided with three tutorial questions of varying degrees of difficulty. These tutorial questions are available in the Tutorial Folder for each week on Blackboard. The Interactive Tutorials are designed to assist students with the process, skills and knowledge to answer the provided tutorial questions. Your task is to answer a selection of tutorial questions from weeks 1 to 5 inclusive and submit these answers in a single document. 

The questions to be answered are: 

Week 1 Question

What three transaction cycles exist in all businesses? Name the major subsystems of the three (3) cycles. 

Week 2 Question 

Discuss the potential aggravations you might face as a student as a result of your university using a flat-file data management environment. 

Week 4 Question

Explain why each of the following combinations of tasks should or should not be separated to achieve adequate internal control:

a) Approval of bad debt write-offs and the reconciliation of accounts receivable subsidiary ledger and the general ledger control account.

b) Distribution of payroll cheques to employees and approval of employee time cards.

c) Posting of amounts from both the cash receipts and the cash disbursements journals to the general ledger.

d) Writing cheques to suppliers and posting to the cash account.

e) Recording cash receipts in the journal and preparing the bank reconciliation. 

Week 5 Question

Puma Designs hired a consultancy firm four months ago to redesign the information system that the architects use. The architects will be able to use the state-of-the-art computer-aided design (CAD) programs to help in designing the products. 

The consultancy firm has been instructed to develop the system without disrupting the architects. In fact, top management believes that the best route is to develop the system and then introduce it to the architects during a training session. Management does not want the architects to spend precious billable hours guessing about the new system or putting work off until the new system is working. 

Required:

a) Do you think that the management is taking the best course of action for the announcement of the new system? Why?

b) Do you approve of the development process? Why?

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