Existing revenue cycle of RCE Limited

Assignment Help Other Subject

Reference no: EM132851858 , Length: word count:1850

HI5019 Strategic Information Systems for Business and Enterprise - Holmes Institute

Analysing an Accounting Information System

LO 1: Critically evaluate the purpose and role of accounting information systems in today's business environment.

LO 2: Articulate the various transaction cycles, financial reporting, management reporting systems and ecommerce systems to technical and non-technical stakeholders.

LO 3: 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.

Required

Based on the attached information, prepare a report for the chief financial officer of RCE Limited to evaluate their revenue cycle. In your report, you need to include the following items:

1. "The additional cost required to establish separate departments for warehousing, shipping and inventory control is considered a necessary cost for the added benefit of control over inventory." Discuss this statement in the light of existing revenue cycle of RCE Limited.

2. In the light of our discussion during Interactive Tutorials, describe potential internal control weaknesses in the sales order processing procedures and cash receipts procedures of RCE Limited.

3. In the light of our discussion during Interactive Tutorials, discuss the potential risks associated with the internal control weaknesses identified in Section (2) above.

4. Based on Section (3) above, what types are 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.

Attachment:- Strategic Information Systems.rar

Reference no: EM132851858

Questions Cloud

How will the help in career and personal life : How will this help you in your career and personal life? How would implementing this advice affect your personal and professional integrity?

KFC case study : KFC case study. Identify the type of business organization and strategies

Evaluate the relationship between length of time : A pharmaceutical company conducts a study to evaluate the relationship between length of time taking drug X and size of tumor.

How would improve communication to alleviate conflicts : In the Wells Fargo scandal and the organization that you identified above, how would you improve communication to alleviate conflicts of interest?

Existing revenue cycle of RCE Limited : Articulate the various transaction cycles, financial reporting, management reporting systems and ecommerce systems to technical and non-technical stakeholders

Find the probability that elite athlete has maximum oxygen : A manufacturer knows that their items have a normally distributed lifespan, with a mean of 2.2 years, and standard deviation of 0.5 years.

How did engage in patient care coordination : How did you engage in patient care coordination when caring for your patients with helping techniques that promoted therapeutic nurse-patient relationships?

What happens in the zero-age main sequence stage : Explain what happens in the protostar and pre-main-sequence stage--what does it start with? What are some of the physical processes that are happening?

Find the probability that a dishwasher will last : A dishwasher has a mean life of 12 years with an estimated standard deviation of 1.25 years ("Appliance life expectancy," 2013). Assume the life of a dishwasher

User Account

All Pages