Reference no: EM132586401

HI5019 Strategic Information Systems for Business and Enterprise Assignment - Holmes Institute, Australia

Assessment Title - Case Study - Paradise Industries

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

Critically evaluate the purpose and role of accounting information systems in today's business environment.

Articulate the various transaction cycles, financial reporting, management reporting systems and e-commerce systems to technical and non-technical stakeholders.

Appraise the risks inherent in computer-based systems/ERP, including the role of ethics and the various internal control processes that need to be in place.

Assignment Specifications -

Background - After working at several accounting and consultancy firms for more than a decade, you have recently decided to start your own consultancy business. A friend of your wife introduces you to Paradise Industries, a manufacturer of high-precision machine tools based at Adelaide. Paradise Industries employs a centralised computer system with distributed terminals in the departments. The company recently have a number of operational problems and the managing director of the company has engaged you to assess its systems and processes.

Required - Prepare a report to the managing director of Paradise Industries to evaluate the processes, risks and internal controls for Paradise Industries' expenditure and conversion cycle. In your report, you need to include the following items:

System flow chart of expenditure cycle

System flow chart of conversion cycle

Analysis of physical internal control weaknesses in the expenditure cycle

Analysis of the risks exist in the conversion cycle and the changes needed to reduce the risks

Assignment Structure - The report should include the following components:

Assignment cover page clearly stating your name and student number

A brief introduction of what the report is about

Body of the report with appropriate section headings

Conclusion

List of references

Attachment:- Case Study - Paradise Industries.rar