This question is of strategic information system for business enterprise. Prepare a report to the managing director of Paradise Industries to evaluate the processes, risks and internal controls for Paradise Industries expenditure and conversion cycle. In your report, you need to include the following items: System flow chart of expenditure cycle System flow chart of conversion cycle Analysis of physical internal control weaknesses in the expenditure cycle Analysis of the risks exist in the conversion cycle and the changes needed to reduce.with References and diagram of system flow chart
-ox H15019 Individual Assignment T1 2020(1).pdf - Adobe Acrobat Reader DC File Edit View Window Help Home Tools H15019 Individual ... X H15019 4a.pdf HI5019 4b.pdf HI5019 4c.pdf A 2. Share Page 2015 Search 'Combine PDF V - -.-.-. Assignment Specifications Background After working at several accounting and consultancy firms for more than a decade, you have recently decided to start your own consultancy business. A friend of your wife introduces you to Paradise Industries, a manufacturer of high-precision machine tools based at Adelaide. Paradise Industries employs a centralised computer system with distributed terminals in the departments. The company recently have a number of operational problems and the managing director of the company has engaged you to assess its systems and processes. Adobe Export PDF Convert PDF Files to Word or Excel Online Select PDF File H15019 Ind...2020(1).pdf X Expenditure Cycle When an inventory item falls to the recorder point, a purchase requisition is automatically generated and printed on the terminal in the purchasing department. The purchasing clerk select suppliers and prepare a purchase order. One copy of the purchase order is sent to the supplier and another copy is sent to the receiving department. The purchasing clerk then adds a record to the open/closed purchase order file through an update program in the data processing department. Convert to Microsoft Word (*.docx) Document Language: English (U.S.) Change When the receiving clerk receives the delivery from the supplier, the clerk reconciles the items with the packing slip and the purchasing order. After the reconciliation, the receiving clerk prepares a hard-copy receiving report recording the quantity and quality of the goods received. One copy of the receiving report accompanies the items to the warehouse and another copy is filed in the receiving department. Using the department terminal, the receiving clerk adds a record to the digital receiving report file. The system then automatically closes the purchase order. Upon receiving the items, the warehouse clerk updates the inventory subsidiary ledger through the terminal in the warehouse. Convert When the supplier's invoice arrives, the accounts payable clerk adds a record to the supplier invoice file, which in turn triggers the system to automatically set up a liability in the accounts payable subsidiary ledger based on the financial information contained in the invoice. The system then automatically updates all affected general ledger accounts. View Converted Files Create, edit and sign PDF forms & agreements The computer system scans the accounts payable subsidiary ledger every day for items due to be paid and print the cheque. The cheque is sent to the supplier and a copy is sent to cash disbursements where it is filed. The system then adds a record to the cheque register file and removes the liability in the accounts payable subsidiary ledger. Finally, the system automatically updates the general Start Free Trial Type here to search o e - O W Lunge A fx 1 ENG 9:14 PM 13/05/2020 -ox H15019 Individual Assignment T1 2020(1).pdf - Adobe Acrobat Reader DC File Edit View Window Help Home Tools H15019 Individual ... X HI5019 4a.pdf H15019 4b.pdf H15019 4c.pdf A
