Assignment Structure The report should include the following components: Assignment cover page clearly stating your name and student number A table of contents, executive summary A brief introduction or overview of what the report is about. Body of the report with sections to answer the above issues and with appropriate section headings Conclusion List of references The report should be grounded on relevant literature and all references must be properly cited and included in the reference list. Marking criteria Marking criteria Weighting Data flow diagram of purchases and cash disbursements systems 2%
Data flow diagram of payroll system 2% System flowchart of purchases system 2% System flowchart of cash disbursements system 2% System flowchart of payroll system 2% Description of internal control weakness in each system and risks associated with the identified weakness 6% Presentation 2% Research quality 2% Assignment Specifications Background You are recently employed as a business analyst at Bell Studio, an Adelaide-based wholesaler of art supplies. Bell Studio sources its inventories from manufacturers in Australia, China, Japan andNew Zealand. The company has a centralised accounting system with networked terminals at different locations. Bell Studio’s expenditure cycle procedures are described as follow: Purchases System The process begins when the purchasing clerk checks the inventory subsidiary ledger at his/her computer terminal each morning. When the quantity of an item is deemed to be too low, the clerk selects a vendor from the valid vendor file and prepares a digitalpurchase order. The clerk prints two hard copies: one copy is sent to the vendor, and the other isfiled in the purchasing department. Digital purchase order record is added to the purchase order
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- Spring '16
- Sociology, invoice, Bell Studio