HI5019 T3 Strategic Information Systems for Business and Enterprise MarkPush
HI5019 Strategic Information System MarkPush
|ASSESSMENT DETAILS AND SUBMISSION GUIDELINES|
|Unit Title||Strategic Information Systems for Business and Enterprise|
|Assessment Type||Assessment 1: Individual Assignment|
|Assessment Title||Analysing an Accounting Information System|
|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 [ULO 1]. Articulate the various transaction cycles, financial reporting, management reporting systems and ecommerce systems to technical and non-technical stakeholders [ULO 2].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 [ULO 4].|
|Weight||20% of the total assessments.|
|Total Marks||20 Marks.|
|Word limit||2000 words ± 10%.|
|Due Date||The written report is due in Week 5 on Friday dated 10th December 2021 at 11:59 pm AEST (Sydney/Melbourne time). Late submission incurs penalties of five per cent of the assessment per calendar day unless an extension and/or special consideration has been granted by Student Services prior to the assessment submission deadline.|
|Submission Guidelines||All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.The assignment must be in MS Word format, double spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers.Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Adapted Harvard Referencing style. Please see the section Assignment Design – Adapted Harvard Referencing Section below.Include a minimum of ten references, at least five from peer-reviewed journal relevant to the unit.|
The Revenue Cycle of MarksPush Limited.
As an Accounting Information System expert, you provide consultancy services to a wide range of clients in Australia. MarksPush Limited is one of your clients, and Miss Nancy, the head of its accounting department, is concerned about the revenue cycle’s business processes and data related operations. Therefore, she has recently contacted you to evaluate their revenue cycle. You asked Miss Nancy to provide you with the details of sales order processing procedures (SOPP) and (2) cash receipts procedures (CRP). Miss Nancy has compiled the following information for you.
Sales Order Processing Procedures of MarksPush Limited
MarksPush Limited has a wide range of diversified customers. Therefore, these customers forward sales orders to the sales department via mail, e-mail or fax. Mr Paul is an experienced sales clerk who has been working in the sales department of MarksPush Limited for the last ten years. Mr Paul first converts the unstandardised sales order into the standardised sales order. For this purpose, Mr Paul requests the missing information, if any. When the order is received, the sales clerk checks the customer’s creditworthiness from his computer terminal. Five years ago, Mr Paul requested the accounting department provide him with a list of customers whose account receivables are written off. Mr Paul is not a qualified accountant. However, he is using this accounting information to check the creditworthiness of the customers.
Interestingly, Mr Paul is using the same procedure to check the creditworthiness of the new customers. Miss Nancy discussed this issue with Mr Paul last week, and she was concerned about this procedure. However, Mr Paul explained to her that we have been doing this for the previous ten years and there is no issue with it. Mr Paul rejects the customer order if the customer’s credit is not verified. The sales order processing is started after the credit verification. In particular, Mr Paul records the approved standardised sales order in the sales order system through his computer terminal.
A digital copy of the order is distributed to the warehouse and the shipping department terminals for further processing. The computer system automatically records the sale in the sales journal. The clerk reviews this entry and files the hard copy of the customer order in the sales department. As indicated above, the receipt of the digital sales order prompts on the computer terminal of the warehouse manager. Further, the stock release and the shipping notice are also accessible at the warehouse terminal. For further processing, the warehouse manager prints out the sales order, the stock release, and the shipping notice. Using the stock release copy, a warehouse clerk picks the selected items from the shelves and sends them to the shipping department along with the stock release and the shipping notice. The warehouse manager then updates the inventory subsidiary ledger and the general ledger control account from his computer terminal.
The warehouse manager forwards the physical stock, the stock release, and the shipping notice to the shipping clerk. After receiving these documents, the shipping clerk matches them to his terminal’s corresponding digital sales order. If everything matches, he prints out three hard copies of the bill of lading and a packing slip. The shipping clerk sends two copies of the bill of lading and the packing slip, along with the goods, to the carrier. The stock release copy and the shipping notice are sent to the accounts receivable department. The third bill of lading copy is filed in the shipping department.
The shipping clerk forwards the stock release and shipping notice to the account receivable clerk. Then, the accounts receivable clerk manually creates a hard-copy invoice, which is immediately mailed to the customer. After mailing the invoice, the clerk uses information on
the stock release to update the accounts receivable subsidiary ledger and general ledger from his computer terminal. After the records are updated, the clerk files the stock release and shipping notice in the accounts receivable department. Sometimes, the account receivable clerk reconciles the quantities from the sales order and adjusts the account receivables.
Cash Receipts Procedures of MarksPush Limited
The payments of customers come directly to the general mailroom along with other mail items. The mail clerk performs the following tasks: (1) sorts the mail, (2) opens the customer payment envelope, (3) removes the customer’s check and remittance advice, and (4) reconciles the two documents. To control the checks and remittance advices, the clerk manually prepares two hard copies of a remittance list. He sends one copy to the accounts receivable department, along with the corresponding remittance advices. The other copy of the remittance list accompanies the checks to the cash receipts department. Once the checks and remittance list arrive in the cash receipts department, the treasurer performs the following tasks: (1) reconciles the documents, (2) endorses the checks, (3) manually prepares three hard copies of a deposit slip, (4) updates the cash receipts journal and the general ledger from his computer terminal, (5) sends the checks and two copies of the deposit slip to the bank, and
- files the third copy of the deposit slip and the remittance in the department. The accounts receivable clerk receives the remittance list and remittance advice from the mailroom and reconciles these two documents. He then updates the accounts receivable subsidiary ledger and the general ledger. Then, the account receivable files the two documents in the department.
Based on the above information, prepare a report for Miss Nancy by evaluating the revenue cycle of MarksPush Limited. In your report, you need to include the following items:
- Miss Nancy is thinking about the reengineering of the sales order processing subsystem. How can this reengineering be accomplished using the technology?
- Describe potential internal control weaknesses in the sales order processing procedures and cash receipts procedures of MarksPush Limited.
- Discuss the potential risks associated with the internal control weaknesses identified in Section (2) above.
- Based on Section (3) above, what types of frauds are possible. Hint: we have discussed different types of frauds in the interactive tutorial and lectures. Your discussion should be based on these contents.
The report should include the following components.
Holmes Institute Assignment Cover Sheet
The Holmes Institute Assignment Cover Sheet is available at the end of menu item Assessments on the Blackboard.
The executive summary should be concise and not involve too much detail. It should make commentary on the main points only and follow the sequence of the report. Write the executive summary after the report is completed, and once you have an overview of the whole text.
Table of Contents
This needs to show a logical listing of all the sub-headings of the report’s contents. Note this
is excluded from the total word count.
Typically, the introduction is a short paragraph which includes background, scope and the main points raised in the order of importance. There should be a brief conclusion statement at the end of the introduction.
2. Main Body Paragraphs with Numbered Sub-headings
This section contains the detailed information which elaborates on the main points raised in the introduction. Each paragraph should begin with an exact topic sentence, then supporting sentences with facts and evidence obtained from research and finish with a concluding sentence at the end.
This section contains a logical and coherent evaluation based on a thorough and objective assessment of the research performed.
For the guidelines of references, please see the section “Assessment Design – Adapted
This section includes any additional explanatory information which is supplementary and/or graphical to help communicate the main ideas made in the report. Refer to the appendices in the main body paragraphs, as and where appropriate. (Note this is excluded from the total word count.)
Note: The report should be grounded on relevant literature, and all references must be cited appropriately and included in the reference list.
Assessment Design – Adapted Harvard Referencing
Holmes will be implementing as a pilot program a revised Harvard approach to referencing. The following guidelines apply:
- Reference sources in assignments are limited to sources which provide full text
access to the source’s content for lecturers and markers.
- The Reference list should be located on a separate page at the end of the essay and titled: References.
- It should include the details of all the in-text citations, arranged alphabetically A-Z by author surname. In addition, it MUST include a hyperlink to the full text of the cited reference source.
Hawking P, McCarthy B, Stein A (2004), Second Wave ERP Education, Journal of Information Systems Education, Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf
- All assignments will require additional in-text reference details which will consist of the surname of the author/authors or name of the authoring body, year of publication, page number of content, paragraph where the content can be found.
“The company decided to implement a enterprise wide data warehouse business intelligence strategies (Hawking et al, 2004, p3(4)).”
Non Adherence to Referencing Guidelines
Where students do not follow the above guidelines:
- Students who submit assignments which do not comply with the guidelines will be asked to resubmit their assignments.
- Late penalties will apply, as per the Student Handbook each day, after the student/s have been notified of the resubmission requirements.
- Students who comply with guidelines and the citations are “fake” will be reported for
|Marking criteria||Weighting in Total Grades|
|The reengineering of the sales order processing subsystem.||4%|
|The potential internal control weaknesses in the SOPP and CRP of MarksPush Limited.||4%|
|The potential risks associated with the internal control weaknesses in the SOPP and CRP of MarksPush Limited.||4%|
|The potential frauds in the SOPP and CRP of MarksPush Limited.||4%|
|Presentation and Referencing.||4%|
|The reengineering of||Present an excellent||Present a very good||Present a good||Present a reasonable||Present a weak or|
|the sales order||discussion on the||discussion on the||discussion on the||discussion on the||inadequate discussion|
|processing subsystem||reengineering of the||reengineering of the||reengineering of the||reengineering of the||on the reengineering of|
|[4 Marks]||sales order processing||sales order processing||sales order processing||sales order processing||the sales order|
|The potential internal||Correctly identify all the||Correctly identify most||Correctly identify some||Correctly identify one||Fail to identify the|
|control weaknesses in||potential internal||of the potential internal||of the potential internal||to two potential internal||potential internal|
|the SOPP and CRP of||control weaknesses in||control weaknesses in||control weaknesses in||control weaknesses in||control weaknesses in|
|MarksPush Limited. [4||the SOPP and CRP of||the SOPP and CRP of||the SOPP and CRP of||the SOPP and CRP of||the SOPP and CRP of|
|Marks]||MarksPush Limited.||MarksPush Limited.||MarksPush Limited.||MarksPush Limited.||MarksPush Limited.|
|The potential risks||Correctly identify all the||Correctly identify most||Correctly identify some||Correctly identify one||Fail to identify the|
|associated with the||potential risks||of the potential risks||of the potential risks||to two potential risks||potential risks|
|internal control||associated with the||associated with the||associated with the||associated with the||associated with the|
|weaknesses in the||internal control||internal control||internal control||internal control||internal control|
|SOPP and CRP of||weaknesses in the||weaknesses in the||weaknesses in the||weaknesses in the||weaknesses in the|
|MarksPush Limited. [4||SOPP and CRP of||SOPP and CRP of||SOPP and CRP of||SOPP and CRP of||SOPP and CRP of|
|Marks]||MarksPush Limited.||MarksPush Limited.||MarksPush Limited.||MarksPush Limited.||MarksPush Limited.|
|The frauds possible in||Correctly identify all the||Correctly identify most||Correctly identify some||Correctly identify one||Fail to identify the|
|the SOPP and CRP of||frauds possible in the||of the frauds possible||of the frauds possible||to two frauds possible||frauds possible in the|
|MarksPush Limited. [4||SOPP and CRP of||in the SOPP and CRP||in the SOPP and CRP||in the SOPP and CRP||SOPP and CRP of|
|Marks]||MarksPush Limited.||of MarksPush Limited.||of MarksPush Limited.||of MarksPush Limited.||MarksPush Limited.|
|Presentation and||An extensive amount||A broad range of||An adequate range of||An adequate range of||Little or no peer-|
|Referencing. [4 Marks]||of high-quality||quality peer-reviewed||peer-reviewed journal||peer-reviewed journal||reviewed journal|
|evidence from peer-||journal references and||references was||references was||references were|
|reviewed journal||other sources was||included and used to||included and used to a||included, and these|
|articles and other||included and used||support discussion.||basic extent to support||were rarely used to|
|sources was included||effectively to support||discussion.||support discussion|
|and used effectively to||discussion.||effectively.|
Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integrity breaches. If you have any questions about Academic Integrity issues related to your assessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and support resources. Many of these resources can also be found through the Study Sills link on Blackboard.
Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.
Table 1: Six categories of Academic Integrity breaches
|Plagiarism||Reproducing the work of someone else without attribution. When a student submits their own work on multiple occasions this is known as self-plagiarism.|
|Collusion||Working with one or more other individuals to complete an assignment, in a way that is not authorised.|
|Copying||Reproducing and submitting the work of another student, with or without their knowledge. If a student fails to take reasonable precautions to prevent their own original work from being copied, this may also be considered an offence.|
|Impersonation||Falsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination.|
|Contract cheating||Contracting a third party to complete an assessment task, generally in exchange for money or other manner of payment.|
|Data fabrication and falsification||Manipulating or inventing data with the intent of supporting false conclusions, including manipulating images.|
Source: INQAAHE, 2020