B. SULIT when inventory expands to meet seasonal demands, the scan takes as many as 30...

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B. SULIT when inventory expands to meet seasonal demands, the scan takes as many as 30 hours to complete. In addition, the scanners do not accurately record some inventory items that require low operating temperatures. A recent audit brought to management's attention that the inventory records are not always accurate. Required: Analyze the TWO (2) aspects of feasibility that Fast N Frozen failed to consider prior to installing the inventory tracking system. (5 marks) Prisma Cahaya Sdn. Bhd. is converting to a new Inventory Management System. As an accountant you are part of the System Review Committee. To expedite implementation, the CEO asked your committee to postpone from establishing new standards and controls until the system is fully operational. Required: a) What is your response to the CEO's request? (4 marks) b) Explain FOUR (4) reasons that performance standards and control procedures should be established before the system becomes operational. c) (4 marks) When a company converts from one system to another, many areas within the organization is affected. Discuss how conversion to a new system will affect the following groups in Prisma Cahaya Sdn. Bhd.: i. Personnel; ii. Data storage; iii. Operations; iv. Policies and Procedures; and v. Physical Facilities; (10 marks) B. SULIT when inventory expands to meet seasonal demands, the scan takes as many as 30 hours to complete. In addition, the scanners do not accurately record some inventory items that require low operating temperatures. A recent audit brought to management's attention that the inventory records are not always accurate. Required: Analyze the TWO (2) aspects of feasibility that Fast N Frozen failed to consider prior to installing the inventory tracking system. (5 marks) Prisma Cahaya Sdn. Bhd. is converting to a new Inventory Management System. As an accountant you are part of the System Review Committee. To expedite implementation, the CEO asked your committee to postpone from establishing new standards and controls until the system is fully operational. Required: a) What is your response to the CEO's request? (4 marks) b) Explain FOUR (4) reasons that performance standards and control procedures should be established before the system becomes operational. c) (4 marks) When a company converts from one system to another, many areas within the organization is affected. Discuss how conversion to a new system will affect the following groups in Prisma Cahaya Sdn. Bhd.: i. Personnel; ii. Data storage; iii. Operations; iv. Policies and Procedures; and v. Physical Facilities; (10 marks)