HI5019: Analyzing an Accounting Information System - Business Assignment Help

Assignment Task:

TASK:
Analysing the Accounting Information System of HARDA Fashion. HARDA Fashion sells ready-to-wear fashion clothes to teenagers. The company has a 20-store chain concentrated in the north-eastern part of the United States of America. Each store has the experienced full-time staff consist of a manager and an assistant manager. The full-time staff is paid a fixed salary. The full-time staff is assisted with a cashier and a sales assistant who have comparatively less experience. The cashier and sales assistant are paid hourly wages plus the commission based on the volume of sales. HARDA Fashion uses unsophisticated cash registered with four-parts sales invoice to record each financialtransaction. These sales invoices for the sales transaction irrespective of the payment type.The record-keeping starts with the sales assistant on the sales floor.

The sales assistant fills the sales invoices manually by providing the following information:

1. Records his or her employee number.
2. Enters the transaction details including clothes item number, description, quantity,and the unit price.
3. Totals the sales invoice.
4. Calculates the discounts manually when appropriate.
5. Calculates the sales tax.
6. Finalise the sales invoice after calculating the grand total.

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