Risks and Controls and SDLC
Due date: 30-Apr-2018
Return date: 21-May-2018
Submission method options
Alternative submission method
Question 1. Risks and Controls (10 marks)
The CFO at Strings Pty Ltd (Strings) was impressed by the systems documentation you prepared for Assessment Item 2 and would like to engage you to provide some assistance in improving their Revenue Cycle, focussing only on the processes from order to invoicing.
Using the information provided to you by the CFO for Assessment Item 2, prepare a business report addressing:
1. What are the the internal control weaknesses in Strings Revenue Cycle?
2. What are the potential impacts of these weaknesses on the organisation?
3. What specific internal controls could be implemented by Strings in the coming weeks to mitigate the risks posed by the internal control weaknesses you have identified. Your CFO does not want theoretical controls suggested. He wants practical controls that they can implement within the organisation in the coming weeks.
Question 2. Systems Development Lifecycle (10 marks)
The project to implement the Queensland Health Payroll System XXXXXXXXXXis often considered to be one of the largest systems implementation failures in Australia.
Using the Systems Development Lifecycle process (figure 19.1 on page 612 of the Romney text) as a guide, identify 5 deficiencies in the Queensland Health Payroll System project, and provide recommendations on how these deficiencies may be overcome in future projects.
You will need to undertake some research into this project to complete this task. Information with regards to the project can be obtained through the Internet.You should focus your research on the project and auditors reports rather than the more subjective media documentation.
Marks will be allocated for both the content and presentation of your work.
This assessment task has been designed to develop and assess your ability to:
· be able to analyse organisational processes for risk, and design appropriate control mechanisms to mitigate identified risk; and
· be able to explain the impact of information technology on the nature and development of accounting.
Be able to analyse organisational processes and identify relevant risks.
Outstanding evaluation of 5 key relevant risks and of how they impact the organisation.
An analysis of 5 key relevant risks and how they impact the organisation.
An above satisfactory analysis of 4 relevant risks and an explanation of how they impact the organisation.
A satisfactory analysis of 3 relevant risks, explaining how they impact the organisation.
Ability to recommend and discuss relevant internal controls to mitigate the identified risks.
Provision of relevant recommendations for each identified risk, providing an outstanding level of detail regarding how they each mitigate the risks identified.
Provision of relevant recommendations for each identified risk, providing a high level of detail regarding how they each mitigate the risks identified.
Provision of relevant recommendations for each identified risk, providing clear detail regarding how they each mitigate the risks identified.
Provision of recommendations for each identified risk, providing satisfactory detail regarding how they each mitigate the risks identified.
Apply concepts underpinning systems planning, development and implementation
Thorough and detailed analysis of scenario provided. Identification of 5 critical systems development issues and provision of outstanding recommendations that will overcome the issues you have identified.
Detailed analysis of scenario provided. Identification of 5 critical systems development issues and provision of relevant recommendations to overcome the issues you have identified.
Analysis of scenario provided. Identification of 5 systems development issues and provision of sound recommendations to overcome the issues you have identified.
Some analysis of scenario provided. Identification of 5 systems development issues and basic recommendations to overcome the issues you have identified.
Academic writing skills
Accurate use of syntax, spelling and punctuation; succinct and effective use of accounting terminology. A reference list of an extensive range of resources are used and co
ectly formatted using APA style.
Accurate use of syntax, spelling and punctuation; succinct and effective use of accounting terminology. A reference lists a
oad range of relevant resources used, co
ectly formatted using APA style.
Mostly accurate spelling and punctuation. Clarity and coherence of written expression in desired report format. A reference list is formatted in APA style, with few or no e
Some spelling and grammar e
ors. Inaccurate or incomplete report format used. A reference list is used, formatted in APA style, with minor e
Whilst the assignment needs to be submitted as one word document, the question 1 and 2 of the assignment are not related and need to each be answered separately. A cover page for each question would be a professional and practical way to split the 2 parts of the assignment within the word document.
Question 1 should be presented as a business report, as detailed in Assignment 2.
Question 2 should be presented as a research report. Resources to assist you with writing a research report are available in Interact under Assessment Resources.
APA must be used to reference all sources you have used for your assignment. The CSU Li
ary site provides an on-line guide to APA style referencing. This is the referencing style adopted by the School of Accounting and Finance. The guide can be found at: https:
Review the rules regarding plagiarism and if you are not sure contact your lecturer or student learning skills advisor for advice. There is no excuse for presenting the work of others as your own; this includes cutting and pasting material from the web without properly referencing the source.
Your assignment must be submitted via Turnitin in word format only (not in pdf). As a CSU student you are entitled to a free copy of Microsoft Office 2013 Suite. Details to find out further information can be found below under 'Online Submission'.
Any difficulties in submitting your assignments online electronically using Turnitin should be immediately reported by email. Include your name and student number in the header or footer of all documents submitted. Retain a copy of your assignment for your records.