HI5019 Strategic Information Systems For Business & Enterprise Assignment -Holmes Institute Australia.

Purpose: This assignment is designed to assess your level of knowledge of the key topics covered in this unit .
HI5019 Strategic Information Systems For Business & Enterprise Assignment.

HI5019 Strategic Information Systems For Business & Enterprise Assignment

Unit Learning Outcomes Assessed :

  1. Critically evaluate the purpose and role of accounting information system in today’s business environment;
  2. Articulate the various transaction cycles, financial reporting, management reporting systems and e-commerce systems to
    technical and non-technical stakeholders;
  3. Evaluate systems development methodologies and the role of accountants in system development projects;
  4. Critically evaluate the range of cultural, security, privacy and ethical issues facing individuals and organisations as a result of information systems.
HI5019 Strategic Information Systems For Business & Enterprise Assignment

HI5019 Strategic Information Systems For Business & Enterprise Assignment

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 for weeks 6 to 10 inclusive and submit these answers in a single document.

The questions to be answered are:

Week 6
The following is a description of the conversion cycle of Central Production Limited:

The conversion cycle of the company is triggered by a report from the warehouse. When the quantity of an inventory item falls below a pre-set minimum level, the warehouse manager sends an online inventory status report to production department advising them to schedule a production batch run for the item.

Upon receipt of the report, the production clerk assesses the digital bill of materials and the route sheet files for the item to be produced and adds the production details to the online production schedule.

The system automatically adds a record to the open open work order file and sends an online work order to the work centre supervisor’s computer and to the accounting clerk’s computer.

The work centre supervisor receives the work order from his computer and print hard-copy move tickets and materials requisitions for each production process. Production employees take the materials requisitions to store clerk and receives the materials and subassemblies needed to perform the production tasks. If additional materials beyond the standard amount is needed, the work centre supervisor prepares additional materials requisitions.

Production employees complete job time tickets after completing a production process to record the time spent on the job. The job time tickets are then sent together with the move tickets to the accounting department.

After releasing the materials into production, the store clerk updates the material inventory records and send the materials requisitions to accounting department. The clerk prepares a journal voucher and posts to the general ledger material control account at the end of each day.

The accounting clerk assesses the work orders and set up a work-in-process account for a production batch. Throughout the production period, the clerk also receives move tickets, job tickets, and materials requisitions, which he uses to post to the work-in-process account. At the end of each day,the accounting clerk prepares a digital journal voucher and post it to the general ledger work-in-process and finished goods control accounts.

HI5019 Strategic Information Systems For Business & Enterprise Assignment

HI5019 Strategic Information Systems For Business & Enterprise Assignment

Week 7
Richard Palm is the accounting clerk of Olive Limited. He uses the source documents such as purchase orders, sales invoices and suppliers’ invoices to prepare journal vouchers for general ledger entries.Each day he posts the journal vouchers to the general ledger and the related subsidiary ledgers. At the end of each month, he reconciles the subsidiary accounts to their control accounts in the general ledger to ensure they balance.

Week 8
Elegant Limited sells restored classic cars. Most of its customers are private buyers who buy cars for themselves. However, some of them are investors who buy multiple cars and hold them for resale. All sales of Elegant Limited are for cash.

HI5019 Strategic Information Systems For Business & Enterprise Assignment

Week 9
You are currently working in a mid-tier accounting firm. In an engagement meeting with a client, the management of your client is concerned that the audit tests that the audit tests that you perform will disrupt operations.
Your client has recently implemented a data warehouse and the management suggests that you draw the data for analytical reviews and substantive testing from the data warehouse instead of the operational database. The management points out that operational data are copied weekly into the data warehouse and all data you need are contained there.

Week 10
The Chief Information Officer (CIO) and the Managing Director (MD) of Illustrious Limited recently had the following conversation regarding the development of a new information system for the company:

CIO: The way to go about the analysis is to first examine the old system, such as reviewing key documents and observing the workers performing their tasks. Then we can determine which aspects are working well and which should be preserved.

HI5019 Strategic Information Systems For Business & Enterprise Assignment

MD: We have been through these types of projects before, and what always ends up happening is that we do not get the new system we are promised.
Instead we get a modified version of the old system.

CIO: I can assure you that will not happen this time. My team just want a thorough understanding of what is working well and what is not.

MD: I would feel much more comfortable if we first started with a list of our requirements. We should spend more time in determining what exactly we want the system to do upfront. Then your team can come in and determine what portions to salvage if you wish. Just don’t constrain us to the old system!

HI5019 Strategic Information Systems For Business & Enterprise Assignment

a) The CIO and MD have different views on how the system analysis should be performed. Comment on whose position you sympathise with the most. (6 marks, maximum 200 words)
b) What method would you recommend to Illustrious Limited for system analysis? Explain. (4 marks, maximum 150 words).

HI5019 Strategic Information Systems For Business & Enterprise Assignment

HI5019 Strategic Information Systems For Business & Enterprise Assignment

Academic Integrity :
Academic honesty is highly valued at Holmes Institute. Students must always submit work that represents their original words or ideas. If any words or ideas used in a class posting or assignment submission do not represent the student’s original words or ideas, the student must cite all relevant sources and make clear the extent to which such sources were used. Written assignments that include material similar to course reading
materials or other sources should include a citation including source, author, and page number.
In addition, written assignments that are similar or identical to those of another student in the class is also a violation of the Holmes Institute’s Academic Conduct and Integrity Policy. The consequence for a violation of this policy can incur a range The consequence for a violation of this policy can incur a range of penalties varying from a 50% penalty through to suspension of enrolment. The penalty would be dependent on the extent of academic misconduct and the student’s history of academic misconduct issues.All assessments will be automatically submitted to SafeAssign to assess their originality .

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