Assessment Task – Tutorial Questions
Unit Code: HI5019
Unit Name: Strategic Information Systems for Business and Enterprise
Assignment: Tutorial Questions 2
Due: 11:30pm 26th June 2020
Weighting: 25%
Total Assignment Marks: 50 marks
Purpose: This assignment is designed to assess your level of knowledge of the key topics covered in
this unit
Unit Learning Outcomes Assessed:
1. Critically evaluate the purpose and role of accounting information systems in today’s business
environment;
2. Articulate the various transaction cycles, financial reporting, management reporting systems and
e-commerce systems to technical and non-technical stakeholders;
3. Evaluate systems development methodologies and the role of accountants in system
development projects;
4. Critically evaluate the range of cultural, security, privacy and ethical issues facing individuals and
organisations as a result of information systems.
Description: Each week students were provided with three tutorial questions of varying degrees of
difficulty. These tutorial questions are available in the Tutorial Folder for each week on Blackboard.
The Interactive Tutorials are designed to assist students with the process, skills and knowledge to
answer the provided tutorial questions. Your task is to answer a selection of tutorial questions for
weeks 6 to 10 inclusive and submit these answers in a single document.
The questions to be answered are:
Week 6
The following is a description of the conversion cycle of Central Production Limited:
The conversion cycle of the company is triggered by a report from the warehouse. When the quantity
of an inventory item falls below a pre-set minimum level, the warehouse manager sends an online
inventory status report to production department advising them to schedule a production batch run
for the item.
Upon receipt of the report, the production clerk assesses the digital bill of materials and the route
sheet files for the item to be produced and adds the production details to the online production
schedule.
The system automatically adds a record to the open work order file and sends an online work order
to the work centre supervisor’s computer and to the accounting clerk’s computer.
The work centre supervisor receives the work order from his computer and print hard-copy move
tickets and materials requisitions for each production process. Production employees take the
materials requisitions to store clerk and receives the materials and subassemblies needed to perform
the production tasks. If additional materials beyond the standard amount is needed, the work centre
supervisor prepares additional materials requisitions.
Production employees complete job time tickets after completing a production process to record the
time spent on the job. The job time tickets are then sent together with the move tickets to the
accounting department.
After releasing the materials into production, the store clerk updates the material inventory records
and send the materials requisitions to accounting department. The clerk prepares a journal voucher
and posts to the general ledger material control account at the end of each day.
The accounting clerk assesses the work orders and set up a work-in-process account for a production
atch. Throughout the production period, the clerk also receives move tickets, job tickets, and
materials requisitions, which he uses to post to the work-in-process account. At the end of each day,
the accounting clerk prepares a digital journal voucher and post it to the general ledger work-in-
process and finished goods control accounts.
Identify the risks exist in the conversion cycle of Central Production Limited. (10 marks, maximum 300
words)
Week 7
Richard Palm is the accounting clerk of Olive Limited. He uses the source documents such as purchase
orders, sales invoices and suppliers’ invoices to prepare journal vouchers for general ledger entries.
Each day he posts the journal vouchers to the general ledger and the related subsidiary ledgers. At the
end of each month, he reconciles the subsidiary accounts to their control accounts in the general
ledger to ensure they balance.
Discuss the internal control weaknesses and risks associated with the above process. (10 marks,
maximum 300 words)
Week 8
Elegant Limited sells restored classic cars. Most of its customers are private buyers who buy cars for
themselves. However, some of them are investors who buy multiple cars and hold them for resale. All
sales of Elegant Limited are for cash.
Depict the association and cardinality for the sales of cars at Elegant Limited based on REA model. (10
marks, maximum 300 words)
Week 9
You are cu
ently working in a mid-tier accounting firm. In an engagement meeting with a client, the
management of your client is concerned that the audit tests that you perform will disrupt operations.
Your client has recently implemented a data warehouse and the management suggests that you draw
the data for analytical reviews and substantive testing from the data warehouse instead of the
operational database. The management points out that operational data are copied weekly into the
data warehouse and all data you need are contained there.
Outline your response to the management’s proposal and mention any concerns you might have. (10
marks, maximum 300 words)
Week 10
The Chief Information Officer (CIO) and the Managing Director (MD) of Illustrious Limited recently had
the following conversation regarding the development of a new information system for the company:
CIO: The way to go about the analysis is to first examine the old system, such as reviewing key
documents and observing the workers performing their tasks. Then we can determine which aspects
are working well and which should be preserved.
MD: We have been through these types of projects before, and what always ends up happening is that
we do not get the new system we are promised. Instead we get a modified version of the old system.
CIO: I can assure you that will not happen this time. My team just want a thorough understanding of
what is working well and what is not.
MD: I would feel much more comfortable if we first started with a list of our requirements. We should
spend more time in determining what exactly we want the system to do upfront. Then your team can
come in and determine what portions to salvage if you wish. Just don’t constrain us to the old system!
Required:
a) The CIO and MD have different views on how the system analysis should be performed. Comment
on whose position you sympathise with the most. (6 marks, maximum 200 words)
) What method would you recommend to Illustrious Limited for system analysis? Explain. (4 marks,
maximum 150 words)
Submission Directions:
The assignment has to be submitted via Blackboard. Each student will be permitted one
submission to Blackboard only. Each student needs to ensure that the document submitted
is the co
ect one.
Academic Integrity
Academic honesty is highly valued at Holmes Institute. Students must always submit work
that represents their original words or ideas. If any words or ideas used in a class posting or
assignment submission do not represent the student’s original words or ideas, the student
must cite all relevant sources and make clear the extent to which such sources were used.
Written assignments that include material similar to course reading materials or other
sources should include a citation including source, author, and page number.
In addition, written assignments that are similar or identical to those of another student in
the class is also a violation of the Holmes Institute’s Academic Conduct and Integrity Policy.
The consequence for a violation of this policy can incur a range of penalties varying from a
50% penalty through to suspension of enrolment. The penalty would be dependent on the
extent of academic misconduct and the student’s history of academic misconduct issues.
All assessments will be automatically submitted to SafeAssign to assess their originality.
Further Information:
For further information and additional learning resources, students should refer to their Discussion
Board for the unit.
Assessment Task – Tutorial Questions
Unit Code: HI5019
Unit Name: Strategic Information Systems for Business and Enterprise
Assignment: Tutorial Questions 2
Due: 11:30pm 26th June 2020
Weighting: 25%
Total Assignment Marks: 50 marks
Purpose: This assignment is designed to assess your level of knowledge of the key topics covered in
this unit
Unit Learning Outcomes Assessed:
1. Critically evaluate the purpose and role of accounting information systems in today’s business
environment;
2. Articulate the various transaction cycles, financial reporting, management reporting systems and
e-commerce systems to technical and non-technical stakeholders;
3. Evaluate systems development methodologies and the role of accountants in system
development projects;
4. Critically evaluate the range of cultural, security, privacy and ethical issues facing individuals and
organisations as a result of information systems.
Description: Each week students were provided with three tutorial questions of varying degrees of
difficulty. These tutorial questions are available in the Tutorial Folder for each week on Blackboard.
The Interactive Tutorials are designed to assist students with the process, skills and knowledge to
answer the provided tutorial questions. Your task is to answer a selection of tutorial questions for
weeks 6 to 10 inclusive and submit these answers in a single document.
The questions to be answered are:
Week 6
The following is a description of the conversion cycle of Central Production Limited:
The conversion cycle of the company is triggered by a report from the warehouse. When the quantity
of an inventory item falls below a pre-set minimum level, the warehouse manager sends an online
inventory status report to production department advising them to schedule a production batch run
for the item.
Upon receipt of the report, the production clerk assesses the digital bill of materials and the route
sheet files for the item to be produced and adds the production details to the online production
schedule.
The system automatically adds