Open Polytechnic Accounting Analysis Help With Solution
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.
How it Works
How It works ?
Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention product code mentioned in end of every Q&A Page. You can also send us your details through our email id email@example.com with product code in the email body. Product code is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.
Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to product code . The date is asked to provide deadline.
Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id firstname.lastname@example.org and email@example.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.
Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.
Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.
Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Features for Assignment Help
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.
We believe in providing perfect, relevant and 100% accurate solutions to the student as per questions asked. All our experts are perfect in providing that so as to give unique experience to the students.
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.
All our works are kept as confidential as we respect the integrity and privacy of our clients.
- Physics Assignment Help
- Chemistry Assignment Help
- Engineering Assignment Help
- Psychology Assignment Help
- Online exam Help
- Marketing Assignment Help
- Arts Assignment Help
- Sociology Assignment Help
- Project Management Assignment
- Case Study Help
- Nursing Assignment Help
- Research Assignment Help
- Operations Management Assignment help
- Accounting Assignment Help
- Biology Assignment Help
- Mathematics Assignment Help
- English Assignment Help
- Business Plan Help
- Essay Writing Help
- Human Resource Assignment Help
- Accounting Homework Help
- Computer Science Assignment Help
- Finance Assignment Help
- Economics Assignment Help
- Statistics Homework Help
- Management Assignment Help
- Strategy Management Assignment Help
- Auditing Assignment Help
- Information Management Assignment Help
- Online Assignment Writing help
- Best Assignment Help
- Humanities Assignment help
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.
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.
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).
Present a data model diagram showing the entity associations.
Present a diagram for the fully attributed model by adding primary keys, foreign keys, and data attributes. Normalise the model.
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:
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.
Identify and explain at least five control activities that are being applied in the organisation. You must explain each control activity using an
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.
Product Code :Acc07
To get answer for this question, kindly click here (Note: Don’t forget to write the product code in comment section)
You can also email us at firstname.lastname@example.org but please mentioned product code in the mail body while sending emails.You can browse more questions to get answer in our Q&A sections here.