Reference no: EM132462351

HA2042 - Accounting Information Systems - Holmes Institute

Case Study - Adam & Co

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

LO1: Understand and explain the place of an accounting information system in the context of the organisational structure and operating practices.

LO2: Identify, analyse and compare different types of accounting information systems.

LO3: Use different methodologies to evaluate various accounting information systems.

Assignment Specifications

You are recently employed as a business analyst at Adam & Co, a Perth-based wholesaler of industrial supplies. Adam & Co sources its inventories from manufacturers in China, Thailand and Vietnam. The company has a centralised accounting system with networked terminals at different locations. Adam & Co's expenditure cycle procedures are described as follow:

Assignment Required:

Prepare a report to the Managing Director to evaluate the processes, risks and internal controls for its expenditure cycle. In your report, you need to include the following items:
• System flowchart of purchases system
• System flowchart of cash disbursements system
• System flowchart of payroll system
• Description of internal control weakness in each system and risks associated with the identified weakness

Report Structure

The report should include the following components:
• Assignment cover page clearly stating your name and student number
• A table of contents, executive summary
• A brief introduction or overview of what the report is about.
• Body of the report with sections to answer the above issues and with appropriate section headings
• Conclusion
• List of references

The report should be grounded on relevant literature and all references must be properly cited and included in the reference list.

Need appendix as well

Attachment:- Accounting Information Systems.rar