Open Polytechnic Accounting Analysis Help With Solution

 Open Polytechnic Accounting Analysis Help With Solution

Task 1
This task is based on the case study of a manual fixed asset purchase system that follows (adapted from: Hall, J. A. (2013). Accounting information systems (8th ed.). Mason, OH: South-Western, Cengage Learning).
The business rules that constitute the fixed asset procedures for the Safe Buy Grocery Stores chain are similar at all of the store locations. The store manager at each location is responsible for identifying required fixed assets and selecting the vendor. Freezers, refrigerators, delivery vans and store shelving are examples of fixed asset purchases. Once the need has been identified, each store follows the following procedures.
The manager creates a purchase order, which is sent to the supplier. The supplier delivers the asset to the receiving clerk, who prepares a receiving report. Each week, the fixed asset department clerk reviews the fixed asset receiving report summary and creates a fixed asset inventory record for each receipt. The fixed asset clerk maintains the inventory records and depreciation schedules. The vendor subsequently submits an invoice to the accounts payable department clerk, who creates an invoice record. The clerk reconciles the invoice against the receiving report and purchase order, and then creates a payment obligation to be paid at a future date, depending on the terms of trade. On the due date, a cheque is automatically prepared and sent to the vendor, and the payment is recorded in the cheque register. At the end of each day, a payment summary is sent to the accounts payable manager for review.

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Assume that the manual system described above is to be automated using a relational database system. Perform the following tasks. You may need to make assumptions about how certain automated activities will be performed. If you’ve made an assumption, you should state this. You should then complete the tasks in accordance with your assumption.
Part 1
List all candidate entities in the case study. Present these entities in two tables: one table should show all the valid entities that should be modelled; the other table should show all the rejected entities.
Part 2
For each of the rejected entities, explain whether it violates Condition 1 or Condition 2, or both, in terms of entity validation (refer to Chapter 9 of the set text for entity validation conditions).
Part 3
Present a data model diagram showing the entity associations.
Part 4
Present a diagram for the fully attributed model by adding primary keys, foreign keys, and data attributes. Normalise the model.
Task 2
Write an essay of between 1200 and 1500 words addressing internal control issues of an organisation of your choice (to avoid privacy or confidentiality violation, you should use a fabricated organisation name, rather than the real one).
The essay will need to satisfy the following requirements in particular:
Part 1
Describe the organisation, with a focus on its internal control environment. (If you are not working at any organisation, ask a friend who is. Alternatively, you can choose an organisation based on a case study from a book, journal or internet source that discusses AIS for an organisation). You should address at least four control environment elements based on the COSO framework.
Part 2
Identify and explain at least five control activities that are being applied in the organisation. You must explain each control activity using an
Part 3
Discuss four main issues or considerations in the application of control activities in the organisation.
Presentation (essay structure, grammar, spelling, points clearly made).
References (at least three).
The above identification, description, explanation and discussion must be based on what you have learnt from the texts (textbooks and reading materials) of accounting information systems, not other subjects.
You must acknowledge your sources, both in the body of your discussion and in the reference list.

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