HA2042
Unit Title Accounting Data Methods
Evaluation Kind Particular person task
Evaluation Title Case Research – Adam & Co
Goal of the evaluation (with ULO
Mapping) College students are required to:
• Perceive and clarify the place of an accounting info system within the context of the organisational construction and working practices. (ULO 2)
• Determine, analyse and evaluate various kinds of accounting info programs. (ULO three)
• Use completely different methodologies to judge numerous accounting info programs. (ULO four)
Weight 20% of the whole assessments
Whole Marks 20
Phrase restrict No more than 2,00zero phrases
Due Date Week 10, Friday 5:00 pm (AEST)
Submission Tips • All work have to be submitted on Blackboard by the due date together with a accomplished Task Cowl Web page.
• The task have to be in MS Phrase format, no spacing, 12-pt Arial font and a couple of cm margins on all 4 sides of your web page with acceptable part headings and web page numbers.
• Reference sources have to be cited within the textual content of the report, and listed appropriately on the finish in a reference checklist utilizing Harvard referencing model.
Task Specs
Background
You’re just lately employed as a enterprise analyst at Adam & Co, a Perth-based wholesaler of commercial provides. Adam & Co sources its inventories from producers in China, Thailand and Vietnam. The corporate has a centralised accounting system with networked terminals at completely different places. Adam & Co’s expenditure cycle procedures are described as comply with:
Purchases System
The method begins when the buying clerk checks the stock subsidiary ledger at his/her pc terminal every morning. When the amount of an merchandise is deemed to be too low, the clerk selects a vendor from the legitimate vendor file and prepares a digital buy order. The clerk prints two laborious copies: one copy is shipped to the seller, and the opposite is filed within the buying division. Digital buy order document is added to the acquisition order file.
When the products arrive within the receiving division, the receiving clerk inspects them and reconciles the gadgets towards the knowledge within the digital buy order and the packing slip. The clerk then manually prepares two laborious copies of the receiving stories. One among these accompanies the products to the stock warehouse, the place the clerks cabinets the products and updates the stock subsidiary ledger from his/her pc terminal. The clerk then information the receiving report within the division. The opposite copy of the receiving report is shipped to the accounts payable division, the place the accounts payable clerk information it till the provider’s bill arrives. When the accounts payable clerk receives the bill he pull the receiving report from the momentary file, prints a tough copy of the digital buy order, and reconciles the three paperwork. At the moment, the clerk updates the digital accounts payable subsidiary ledger, the accounts payable management account and the stock management account within the common ledger from his terminal. The clerk then sends the bill, receiving report, and the acquisition order copy to the money disbursement division.
Money Disbursements System
Upon the receipt of the paperwork from the accounts payable division, the money disbursements clerk information the paperwork till their fee due date. On the due date, the clerk prepares a cheque for the invoiced account, when is shipped to the treasurer who signal it and mail the cheque to the seller.
The money disbursements clerk then updates the cheque register, accounts payable subsidiary ledger, and the accounts payable management account from his/her pc terminal. Lastly, the receiving clerk information the bill, buy order copy, receiving report, and cheque copy within the division.
Payroll System
Adam & Co’s staff document their hours labored on time playing cards daily. Their supervisors evaluation the time playing cards for correctness and submit them to the payroll division on the finish of every week. Utilizing a pc terminal related to the central payroll system, which is situated within the knowledge processing division, the payroll clerk inputs the time card knowledge, prints laborious copies of the pay cheques, print two copies of the payroll register, and posts to digital worker data. The payroll clerk information the time playing cards within the payroll division and sends the worker pay cheques to the varied supervisors for evaluation and distribution to their respective division staff. The payroll clerk then sends one copy of the payroll register to the accounts payable division, and information the opposite with the time playing cards within the payroll division.
The accounts payable clerk critiques the payroll register and manually prepares a disbursement voucher. The clerk sends the voucher and the payroll register to the final ledger division. The accounts payable clerk then writes a cheque for your entire payroll and deposits it within the imprest account on the financial institution. Lastly the clerk information a duplicate of the cheque within the accounts payable division.
As soon as the final ledger clerk receives the voucher and payroll register, the clerk posts to the final ledger from the division pc terminal and information the voucher and payroll register within the division.
Required
Put together a report back to the Managing Director to judge the processes, dangers and inside controls for its expenditure cycle. In your report, you should embrace the next gadgets:
• System flowchart of purchases system
• System flowchart of money disbursements system
• System flowchart of payroll system
• Description of inside management weak point in every system and dangers related to the recognized weak point
Task Construction
The report ought to embrace the next elements:
• Task cowl web page clearly stating your identify and pupil quantity
• A desk of contents, government abstract
• A quick introduction or overview of what the report is about.
• Physique of the report with sections to reply the above points and with acceptable part headings
• Conclusion
• Listing of references
The report ought to be grounded on related literature and all references have to be correctly cited and included within the reference checklist.
Marking standards
Marking standards Weighting
System flowchart of purchases system four%
System flowchart of money disbursements system four%
System flowchart of payroll system four%
Description of inside management weak point in every system and dangers related to the recognized weak point four%
Presentation 2%
Analysis high quality 2%
TOTAL Weight 20%
Marking Rubric
Glorious Very Good Good Passable Unsatisfactory
System flowchart of purchases
system
/four Current a system flowchart that appropriately depict the entire purchases system. Current a system flowchart that appropriately depict the entire purchases system with minor errors. Current a system flowchart that depict the purchases system with some errors and/or omissions. Current a system flowchart that depict the purchases system with errors and/or omissions all through the diagram. Current a system flowchart that doesn’t correctly characterize the purchases system.
System flowchart of money disbursements system
/four Current a system flowchart that appropriately depict the entire money disbursements system. Current a system flowchart that appropriately depict the entire money disbursements system with minor errors. Current a system flowchart that depict the money disbursements system with some errors and/or omissions. Current a system flowchart that depict the money disbursements system with errors and/or omissions all through the diagram. Current a system flowchart that doesn’t correctly characterize the money disbursements system.
System flowchart of
payroll system
/four Current a system flowchart that appropriately depict the entire payroll system. Current a system flowchart that appropriately depict the entire payroll system with minor errors. Current a system flowchart that depict the payroll system with some errors and/or omissions. Current a system flowchart that depict the payroll system with errors and/or omissions all through the diagram. Current a system flowchart that doesn’t correctly characterize the payroll system.
Description of inside management weak point in every system and dangers related to the
recognized
weak point
/four Current a wonderful dialogue of inside management weak point in every system and dangers related to the recognized weak point. Current an excellent dialogue of inside management weak point in every system and dangers related to the recognized weak point. Current a superb dialogue of inside management weak point in every system and dangers related to the
recognized weak point with minor errors and/or omissions. Current an affordable dialogue of inside management weak point in every system and dangers related to the
recognized weak point with errors and omissions. Current a weak or insufficient dialogue of inside management weak point in every system and dangers related to the recognized weak point.
Presentation
/2 Report included all parts and was very effectively offered. Writing flowed clearly and sections have been linked very successfully.
Referencing was exemplary. English was used very successfully and was errorfree. Report included all parts and was effectively offered. Writing flowed clearly and sections have been linked successfully.
Referencing was
of a excessive customary. English was used successfully with only a few errors current. Report included all parts and was usually offered appropriately. Writing principally flowed effectively and sections have been linked.
Referencing was in accordance with tips. English was used successfully with few errors current. Report included most parts and was adequately offered. Writing generally didn’t circulate clearly leaving the paper to look disjointed in areas.
Referencing was considerably in accordance with tips. Primary English was used with some errors current. Report lacked some parts and was poorly offered. Writing typically didn’t circulate clearly leaving the paper to look considerably disjointed.
Referencing was not totally in accordance with related tips. Primary English was used with errors current.
Analysis High quality
/2 An intensive quantity of highquality proof from peerreviewed journal articles and different sources was included and used successfully to help dialogue. A broad vary of high quality peerreviewed journal references and different sources was included and used successfully to help dialogue. An ample vary of peerreviewed journal references was included and used to help dialogue. An ample vary of peerreviewed journal references was included and used to a fundamental extent to help dialogue. Little or no peerreviewed journal references have been included and these have been not often used to help dialogue successfully.
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