Provide sweet treats with 5 recommendations

Assignment Help Financial Accounting

Reference no: EM131195597

Assessment item : Cloud On-line Accounting & System Documentation

Task

There are 3 questions in this assessment. An overview of the questions and their value are provided below. More detailed information is provided in Resources in Interact.

Question 1 - Saasu task # 1:
You are working as an accountant in a regional accounting firm. You have been approached by the owner of "Sweet Treats", a start-up wholesaler. They have chosen Saasu as their accounting system and have employed you to set up their company in Saasu and enter the first month's transactions. You will use Saasu to enter a range of transactions and print some reports to assist with the business start-up. All information has been supplied by the business owner for you to input. The set up and transactional data will be provided in Interact, in the Assessment folder in Resources.

Task requirements:
Print and submit the following reports for November 2015 (either print to screen or print and scan as an electronic file).
Include correctness of information.
1) Profit & Loss - Summary
2) Balance Sheet
3) Profit & Loss - Detailed
4) Accounts Payable
5) Accounts Receivable
6) Inventory Item History

Question 2 - Saasu task # 2:

Using the information compiled in question1 above compile a short report (500 words) that covers the following:

1) What advice can you provide the owner of Sweet Treats on how their business has performed for the month of November, with particular focus on the profitability of the business? Include relevant ratios in your analysis.

2) Provide Sweet Treats with 5 recommendations, including specific actions, to improve the profitability and efficiency of the business.

Question 3 - Business Process Modelling:
You have been hired by a toy retailer, Santa's Helper, to review their Accounts Payable Department.

The organisation is looking to improve efficiencies in this area. To make any recommendations, you must first understand the current process being undertaken. A transcript of your interview with the Accounts Payable supervisor is posted in Resources in Interact. Using that transcript and an applicable system tool, create a Level 0 logical data flow diagram to document the existing system for the accounts payable process.

A system tool includes software such as Word, Excel, Smartdraw or Edraw. There are many tools that are available to trial for free on the internet.

Reference no: EM131195597

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