Accounting Information Systems Assignment

Learning outcomes: On successful completion of this subject, you should

• be able to understand and apply foundation principles relating to computerised information systems in contemporary organisations;
• be able to explain the role of data analysis tools and data mining;
• be able to illustrate typical network configurations and identify the components of a network;
• be able to evaluate accounting information system architecture and generate models of business events;
• be able to identify organisational risk and generate systems that control that risk;
• be able to analyse, synthesise and apply the concepts underpinning systems planning development and implementation.

Assessment item 3 - Cloud On-line Accounting and Systems Documentation

Task

Question 1 - Saasu Task 1

You are working as an accountant in a regional accounting firm and have been approached by the owner of a start-up retail business. They have chosen Saasu as their accounting system and have asked you to set up their business in Saasu and enter the first month's transactions for December 2016. You will use Saasu to enter a range of transactions and print some reports to assist with the business start-up. All information has been supplied by the business owner for you to input.

The set up and transactional data will be provided in Interact 2 in the Assessment folder in Resources.

Required:

Record the first month's transactions before printing and submitting the following reports for December 2016 (either print to screen or print and scan as an electronic file). Marks will be awarded for the correctness of information as well as the standard of presentation of your assessment.

1. Profit & Loss - Summary

2. Balance Sheet

3. Transaction by Account

4. Accounts Payable

5. Accounts Receivable

6. Inventory Item History

Question 2 - Saasu Task 2

Using the information compiled above, prepare a short 600-750 word business report that covers the following:

• Advice to the business owner on how their business has performed for the month of December with particular focus on the profitability of the business. Include relevant ratios in your analysis.
• Based on your analysis, provide the owner with 5 recommendations to improve profitability.
• What additional reports could be run at the end of the month to assist business decision making? Provide details of how the identified reports could assist the business.

Question 3 - Business Process Modelling

Diva Designs is a supplier of high quality, fashionable women's dresses to retail businesses. Diva Designs has hired you to review their Accounts Receivable Department. The organisation is looking to improve efficiencies in this area. To make any recommendations, you must first understand the current process being undertaken. A transcript of your interview with the Accounts Receivable Manager is provided in Interact 2, in the Assessment folder in Resources.

Using that transcript and an applicable system tool, create a Level 0 logical data flow diagram to document the existing system for the accounts receivable process.

A system tool includes software such as Word, Excel, Smartdraw or Edraw. There are many tools that are available to trial for free on the internet.

Rationale -

This assessment task is designed to enable you to demonstrate your ability to:

• understand and apply foundation principles relating to computerised information systems in contemporary organisations; and
• evaluate accounting information system architecture and generate models of business events.