ACACT201A Accounting Information Systems

Semester 2, 2021

Assessment 2:Case Study

Each student is assigned on of the following business types. All questions will relate to this business type.

You must use the business type assigned to you during the Week 4 tutorial.

A.National tax accounting practice

Your submission must not exceed 900 words.

Your submission will be marked out of 34 possible marks. Allocations of marks for each question are provided.

Question 1 (10 Marks)

What specific needs would be taken into consideration when designing an information system for your business type?

Your answer could address:

Sources of data

Information reporting requirements

Data backup and security requirements

Any specific legislative or regulatory conditions

Your answer should consider five key requirements, which should relate directly to your allocated business type. You may like to format your answer as a table. A suggestion for the format of the table is provided below, with an example for an e-commerce business provided for you.

Specific information requirement of your business type

Impact on the requirements of the information system

Handling credit card information

Encryption of credit card information is required, unless payment handling is outsourced to a third party.

Question 2 (9 Marks)

What measures can the business undertake to ensure the security of its hardware, software and information?

Your answer should outline three specific measures. You should identify possible concerns with the implementation of each measure, including cost, ethical considerations and so on.

Measure

Possible implementation

concerns, constraints or limitations

Question 3 (6 Marks)

Discuss two ways that the business's internal operating procedures would need to be amended as a result of a transition from a local-network based information system to a cloud information system. Your answer should apply specifically to your business type, taking into consideration your answers to Questions 1 and 2 above.

1

2

Question 4 (9 Marks)

Specify three ways in which the ongoing pandemic might impact the operation of a business' accounting information system. You may refer specifically to your business type, or businesses generally. For each potential impact, identify one specific risk to the business as a result of that impact, and outline at least one control measure that could be implemented to lessen the potential risk.

You may like to format your answer as a table. A suggestion for the format of the table is provided below, with an example completed for you.

Potential impact

on the AIS

Risk posed to the business

Control measure(s)

"JobKeeper" payments must be reflected in the payroll system

Incorrect determination of eligibility, calculation of entitlements or reporting of payments may result in a future claim against the business by the ATO or affected employees.

Training in JobKeeper legislative changes should be undertaken by payroll staff, and payroll processes and reconciliations should be updated to include coverage of JobKeeper payments.