Reference no: EM132403453 , Length: word count:2500

Unit Code - HI5019

Unit Title - Strategic Information Systems for Business and Enterprise

Trimester T1 2019 - Holmes Institute, Australia

Assessment Title Case Study - Rainbow Illusion

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

Describe the various transaction cycles, financial reporting, management reporting systems and e-commerce.

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

Appreciate the opportunities for computer fraud and the security measures in electronic commerce that need to be taken to overcome this.

Assignment Specifications -

Required - Prepare a report to Chief Executive Officer of Rainbow Illusion to evaluate its processes, risks and internal controls for its revenue cycle. In your report, you need to include the following items:

Identify six strengths in Rainbow Illusion's system for controlling sales transactions.

For each strength identified, explain what problem(s) Rainbow Illusion has avoided by incorporating the strength in the system for controlling sales transactions.

Identify two situational pressures in a company like Rainbow Illusion that would increase the likelihood of fraud.

Explain why some companies would choose to install a distributed computer system rather than a centralised one.

Assignment 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.

Attachment:- Strategic Information Systems Assignment File.rar