System development life cycle

Assignment Help Accounting Basics
Reference no: EM13653402

Question 1 - Internal Controls: (Report)

You have recently started in a new organisation as a Financial Accountant. Part of this role involves supervising the Accounts Payable department. You have early concerns around Internal Controls within the existing process. You have decided to undertake an initial internal audit of the AP process, specifically focussing on accuracy, completeness and validity of the process. The scope of the investigation is to review:

a) Master file data
b) Purchase transactions
c) Purchase returns
d) Purchase discounts
e) Payments

Provide a report to your manager, the Financial Controller, identifying potential internal control risks that may exist in each of the areas above (a-e). You must also recommend appropriate Internal Control measure to mitigate the risks.

Question 2 - System Development Life Cycle:

HTH Corporation has been growing rapidly, as has their technology. Systems have been added on an as-needs basis which has resulted in a "patchwork quilt" of over 20 best of breed legacy systems. Many of these legacy systems are over 10 years old. To improve the quality of their business-decision information, HTH has decided to implement a solution that will bring their disparate systems together in one seamless dataflow.

Using the framework provided in step 1 of the SDLC, provide HTH Corporation with a summary (no more than 1000 words) of what they should do next. You can use headings and subheadings as part of your summary. Include in your answer an overview of who from HTH Corporation should be involved and any outcomes/ deliverables that HTH should expect from this step.

Verified Expert

Reference no: EM13653402

Long insulated businesses from competition

Yansha Leans on IS to Stay Competitive More than ever before, Chinese retailers are facing local competition from foreign companies. China's highly regulated economy has lon

Determining the cost of research

Godert pharmaceutical company has many scientists working in the labs trying to develop anti-aging drug. The cost of this research and development should be.

Prepare a statement of retained earnings

How much will each partner receive before paying liabilities and distributing the remaining assets - Prepare a statement of retained earnings in proper form for White Corporat

Determine the write-off rustin

If Congress reenacts additional first-year depreciation for 2010, Rustin elects not to take additional first-year depreciation. Determine the write-off Rustin can take in 20

Find out the amount due on the note

MixRecording Studios purchased $7,800 in electronic components from TechCom. MixRecording Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored,

Calculate the tax liability using the tax rate table

An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of $55,000, filing status married filin

Assignment on job-order costing system

Should EEC use a job-order costing system, which is a costing system where costs are collected and assigned to units of production for each individual job, or a process costin

Financial statement restatement and ethics

Assess the factors that contributed to the financial statement restatement, signifying the executive management team's attitude toward the restatement. Suggest how the resta

Reviews

Write a Review

 
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