Types of Accounting Information Systems - Accounting Assignment Help

Assignment Task :

Purpose of the assessment (with ULO Mapping) Students are required to:

• Understand and explain the place of an accounting information system in the context of the organisational structure and operating practices. (ULO 2)
• Identify, analyse and compare different types of accounting information systems. (ULO 3) · Use different methodologies to evaluate various accounting information systems. (ULO 4) 
•  All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.
•  The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers.
•  Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style.

Background

You are recently employed as a business analyst at Adam & Co, a Perth-based wholesaler of industrial supplies. Adam & Co sources its inventories from manufacturers in China, Thailand and Vietnam. The company has a centralised accounting system with networked terminals at different locations. Adam & Co’s expenditure cycle procedures are described as follow:

 Purchases System

The process begins when the purchasing clerk checks the inventory subsidiary ledger at his/her computer terminal each morning. When the quantity of an item is deemed to be too low, the clerk selects a vendor from the valid vendor file and prepares a digital purchase order. The clerk prints two hard copies: one copy is sent to the vendor, and the other is filed in the purchasing department. Digital purchase order record is added to the purchase order file.

Required

Prepare a report to the Managing Director to evaluate the processes, risks and internal controls for its expenditure cycle. In your report, you need to include the following items:

•  System flowchart of purchases system
• System flowchart of cash disbursements system
• System flowchart of payroll system
• Description of internal control weakness in each system and risks associated with the identified

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