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Please follow directions indicated on file. Let me know if there are any questions please. As part of the planning process for your new accounting
Please follow directions indicated on file. Let me know if there are any questions please.
As part of the planning process for your new accounting information system, your manager has asked that you prepare flowcharts. This graphic presents the flow of information through the accounting cycles. Using the company information provided in the Week 02 Course Project Introduction, prepare flowcharts for two functions within two different cycles (total of four flowcharts). o Each of your flowcharts should have at least three steps. Be detailed, and have the right symbols for each process. o Use Excel or PowerPoint to demonstrate flowcharting features and basic visual elements. o Also, think your way through the cycles from beginning to end. For example how is revenue defined, such as when is it considered earned. Construct your thoughts and concepts by using the programs listed above. Following are the cycles that you may elect to address: Revenue Cycle Expenditure Production Cycle Human Resources management and Payroll Cycle General Ledger Cycle Please note that you will have four deliverables for this assignment. Make sure your paper is organized and is visually appealing and should be done to be as if it was to be turned in a professional arena. Include an APA formatted title page. Should be a single zipped file \".zip\". Week 02 Company Information Accounting Information Systems collect, process, and manage financial data in such a way that it can be used by accountants, managers, chief financial officers, auditors, and other interested groups. In order to make the financial data easily accessible and to ensure the security of the data then a high level of expertise and experience is required. As a result, implementing an accounting information system with an expert team should be assigned for specific departments. For us to properly recommend an accounting information system for an organization's fundamentals which are necessary for the system then we should properly conduct research on what is best for us to meet our goals as a team. Accounting information systems generally consist of six main components including system users, methods established for collaborating and processing data, the data involved in the AIS (i.e. purchase orders & sales orders), the software component utilized to store and process data, hardware utilized to install AIS, and security measures to secure all data (Fontinelle, A., 2016). Adjustments brought fourth within an organization will generally affect each individual department. With implementation of accounting information systems alterations will arise throughout these different departments. It is important to note the significance of the system users when arranging the AIS, while this will pertain to financial data. With a properly established accounting information system this will help organize information for specific individuals throughout the organization. As a result, the following team from alternate departments will be afflicted due to the implementation of the AIS. A team that I have developed to further assist me in constructing a pertinent accounting information system would include human resources, administration, accounting, production, and sales departments. Certain employee levels should also be established for each department, such as a manager. It would be in the best interest of the organization to choose the Human Resources Director to be the most qualified applicant for the Human Resources Department. This director should have proper knowledge of the daily routines in their department as well as the procedures to fulfill these priorities (Fontinelle, A., 2016). Also, the accounting department should be provided with an accounting manager as an essential element to the team. As the highest authority in the accounting department, they will assume various duties. The accounting manager oversees all accounting functions from preparing reports and entering data, to collaborating with other departments and organizing special projects (Workable, 2015). Overall, they will need to establish a financial status by establishing and implementing systems for collecting, analyzing, verifying and reporting financial information (Workable, 2015). Next, for the Production Department, the Production line manager would probably be the best candidate for the situation. The Production Line Manager is responsible for planning, directing, and coordinating the production activities required to produce the vast array of goods manufactured (Conjecture Corporation, 2016). They are responsible for the production output and quality goals while remaining within budget (Conjecture Corporation, 2016). Generally, a product line manager plays a key role in the success of a company's products and overall sales (Conjecture Corporation, 2016). The Chief Sales Officer would be included on the team for the Sales Department as well. I would choose this individual given that the CSO is responsible for all sales & revenue within the organization. Finally, the head of the Administration Department would be on the team to top it off. As of the topmost leaders in the organization, they will be held responsible for everything that happens whether failure is occurring within the organization as well as its success. Altogether, the departments mentioned will be involved with the team established and will have data created throughout an accounting information system to help them maintain any information within the company. Each department will be able to locate records through this system. For instance, the Human Resources Department will need these AIS to store records of employees as well as other individuals that have worked with the organization and recruit new employees for that matter. If the accounting information system is properly established and utilized, then the organization should be able to run efficiently as well as satisfactory by all meansStep by Step Solution
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