Prepare the context diagram and the level 0 dfd

Assignment Help Accounting Basics
Reference no: EM131020461

Kim's Flowers Revenue Cycle Assignment

Required:

• Based on the narrative below, you should follow the six steps of the event oriented modeling for constructing a comprehensive REA diagram. You should submit a typed document describing in detail each one of the steps.

• You would submit a complete REA diagram for the chosen enterprise.

• Corrections and comments from the first stage should be implemented in subsequent stages.

• All students are required to equally participate in the project and may be called upon to present any part of the project.

• If you identify more resources/events/agents then are needed NO points will be deducted!

Kim Burke is the owner and operator of a small flower shop, Kim's Flowers. She has decided to develop a database system to track her sales, inventory, accounts receivable and cash receipts. This system is used for large orders that are arranged in advance.

However, she does not have time to do the development herself. Therefore, she has hired you to design and implement the system for her. She describes the requirements of her system as follows: Whenever a customer comes in to place an order, a sales clerk enters a Sales Order directly into the computer system. The sales order lists all of the floral inventory items the customer wishes to purchase. The clerk then prints the sales order and gives a copy to the customer. If this is a new customer, before entering the sales document, the clerk must enter the customer's basic information such as name, address, etc. Additionally, credit for new customers must be approved by Kim.

When Kim completes delivery of the sales order, an accounts receivable clerk records the delivery on a special screen. When delivery entry is completed, Kim prints the invoicesand sends them to customers. When customers send in their payments, a sales clerk records the cash receipts on a special input screen. Kim takes the all of the cash receipts for a day and prepares a single deposit slip form and makes the deposit. Kim later enters the deposit information from the paper form into the computer.

• Prepare an REA diagram describing Kim's database. You may repeat a box for an individual entity if necessary to make your drawing neat. Kim would like for you to consider that, eventually, as new stores are opened, she will have store managers in
each store that will perform the tasks she now performs. As a result, the system should be planned to always store information about the employee associated with transactions, whether that employee enters information, performs a task (such as
delivery) or formally authorizes the transaction. Hints: (1) A particular sales order is always delivered and invoiced all at the same time. Deliveries include information for only one Sales Order. (2) A single cash receipt may pay for several deliveries. A single delivery may be paid for with several different cash receipts.

• Prepare the context diagram and the level 0 DFD.

Reference no: EM131020461

Questions Cloud

Have the directors of gml breached their duty of care : the board minutes suggest that the directors saw and approved the notice. It was sent to the ASX immediately after the board meeting. Have the directors breached their duty of care?
Free cash flow is expected to continue growing at same rate : The free cash flows (in millions) shown below are forecast by Simmons Inc. If the weighted average cost of capital is 13% and the free cash flows are expected to continue growing at the same rate after Year 3 as from Year 2 to Year 3, what is the Yea..
Bond between carbon and hydrogen atoms : A saturated carbon is a molecule formed from x carbon atoms and y hydrogen atoms by adding bonds between atoms such that each carbon atom is in four bonds.
Income statements-what is the change in the debt ratio : Income Statements-What is the change (in percentage) in the debt ratio from 2013 to 2014?
Prepare the context diagram and the level 0 dfd : Prepare an REA diagram describing Kim's database. You may repeat a box for an individual entity if necessary to make your drawing neat.
The market value and the face value of the zero-coupon bond : You will be paying $10,000 a year in education expenses at the end of the next two years. Currently the yield curve is flat at 8%. If you want to fully fund and immunize your obligation with a single issue of a zero-coupon bond, what maturity bond mu..
How much debt the firm had used to finance its assets : You have a company's balance sheet, its income statement, and its statement of cash flows. Which would you refer to if you wanted to know if a company made or lost money last year? If you wanted to find out how much debt the firm had used to finance ..
Capital structure weights for equity and debt respectively : Suppose that a company's equity is currently selling for $25 per share and that there are 1 million shares outstanding. If the firm also has 9 thousand bonds outstanding, which are selling at 98 percent of par ($1,000), what are the firm's current ca..
What is the nominal dollar amount of your last withdrawal : You are planning to save for retirement over the next 30 years. To save for retirement, you will invest $1,950 a month in a stock account in real dollars and $620 a month in a bond account in real dollars.  What is the nominal dollar amount of your l..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the changes in balance sheet accounts

What client information is needed by auditors in creating lead schedules? Answer Interim statements prepared by the client for the company's 3rd quarter financial results.

  What are the costs to be assigned to units

Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are entered at the beginning of the process and there is no beginning work in process.

  Study problem 6-5a starting on page 299 prepare entries to

1. study problem 6-5a starting on page 299. prepare entries to record grills transactions with grizzly on april 3 6 and

  This job can also be done by a janitorial associate

Purchasing has identified a company that will pick up the damaged and unusable pallets and process them into wood chips, which this company then sells. The cost of this service is $1.25 per pallet.

  Galley corp a merchandiser recently completed its 2011

galley corp. a merchandiser recently completed its 2011 operations. for the year 1 all sales are credit sales 2 all

  The sick leave, if not used, accumulates

The Rexallo Company begins business on January 2, 2010 with 15 employees.

  Accounting methods and inventories

Create a corporate policy designed to minimize inventory shrinkage related to theft, stocking errors, shipping errors, etc., indicating how the policy will be enforced and procedures that may need to be implemented.

  Wabash inc had revenue and expenses from ongoing business

wabash inc. had revenue and expenses from ongoing business operations for the current year of 480000 and 430000

  Kevin and gloria got together with the documentation and

kevin and gloria got together with the documentation and began to review the long-term asset activities. on january 15

  What is a stock repurchase

What is a stock repurchase? Describe the procedures a company follows when it make a distribution through a stock purchase.

  About the Partnership interests

Liz and John formed the equal LJ Partnership on January 1 of the current year. Liz contributed $80,000 of cash and land with a fair market value of $90,000 and an adjusted basis of $75,000. John contributed equipment with a fair market value of $170,..

  What is the value of stock today

The dividend should grow rapidly - at a rate of 50% per year - during years 4 and 5, but after year 5, growth should be constant at 8% per year. If the required return on Microtech is 15%, what is the value of its stock today?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd