1
Assessment Task – Tutorial Questions Assignment 2
Unit Code: HA2042
Unit Name: Accounting Information Systems
Assignment: Tutorial Questions Assignment 2
Due: 11:30pm 26th June 2020
Weighting: 25%
Total Assignment Marks: 50 Marks
Purpose:
This assignment is designed to assess your level of knowledge of the key topics covered in this unit.
Unit Learning Outcomes Assessed:
1. Understand and explain the environment in which accounting information systems are
constructed and operated.
2. Understand and explain the place of an accounting information system in the context of the
organisational structure and operating practices.
3. Identify, analyse and compare different types of accounting information systems.
4. Use different methodologies to evaluate various accounting information systems.
Description: Each week students were provided with three tutorial questions of varying degrees of
difficulty. These tutorial questions are available in the Tutorial Folder for each week on Blackboard.
The Interactive Tutorials are designed to assist students with the process, skills and knowledge to
answer the provided tutorial questions. Your task is to answer a selection of tutorial questions from
weeks 6 to 10 inclusive and submit these answers in a single document.
2
The questions to be answered are:
Week 6 Question (10 marks, maximum 300 words)
Albert Mona has worked at Crimson Electricals for more than 8 years. He is a very diligent employee
who never calls in sick and staggers his vacation days throughout the year so that no other staff
member has taken on his tasks for more than one day. As a small retailer, Crimson employs only three
people other than the owner. The owner, with his in-depth knowledge of the trade, focuses exclusively
on serving the customers. One employee handles all receiving, stocking and shipping of merchandise
and another employee handles the purchasing, payroll, general ledger, inventory and accounts
payable function.
Albert handles all receipts from cash sales and prepares the daily deposits for the business. In addition,
he opens the mails and deposits all cheques. Albert also keeps the accounts receivable records and
bills the customers who purchase on credit.
Required:
a) Identify the control weaknesses at Crimson Electricals.
b) Assume that no additional employee can be hired, make some recommendations to remedy the
identified weaknesses.
Week 7 Question (10 marks, maximum 300 words)
The following is the description of the purchases system of a wholesaler:
At the beginning of each day, the purchasing clerk checks the inventory subsidiary ledger on personal
computer terminal. When the quantity of an item is considered as too low, the clerk selects a supplier
from the valid suppler file and prepare a digital purchase order. Two hard copies of the order are
printed: One copy is sent to the supplier and the other is filed in the purchasing department. The
digital purchase order record is added to the purchase order file.
The receiving clerk inspects the goods arrived at the receiving department and reconciles the items
against the information in the digital purchase order and the packing slip. The clerk then prepares two
hard copies of the receiving report manually. One copy of the report is sent to the accounts payable
department. The other copy of receiving report accompanies the goods to the warehouse where the
warehouse clerk shelves the goods, updates the inventory subsidiary ledger from the warehouse
terminal and files the report in the department.
The accounts payable clerk files the receiving report upon receipt. When the supplier’s invoice arrives,
the clerk pulls the report from the file, print a hard copy of digital purchase order, and reconciles the
three documents. After the check, the accounts payable clerk updates the accounts payable subsidiary
ledger, the accounts payable control account and the inventory control account. The clerk then sends
the invoice, receiving report and a copy of the purchase order to the cash disbursement department.
Discuss the internal control weaknesses in this purchases system and the associated risks.
3
Week 8 Question (10 marks, maximum 300 words)
The following is the description of the payroll system of a manufacturing company:
Employees of the company use a time clock in an unsupervised area to record their time on the job.
The site supervisor tries to monitor the recording process. However, due to other duties, the
supervisor is often distracted. The site supervisor collects the time cards from employees every Friday.
The supervisor then reviews and approves the time cards and send them to payroll clerk.
The payroll clerk uses a stand-alone workstation to record the employees’ earnings in the employee
records and print two hard copies of payroll register. One copy of the payroll register is sent to the
accounting department and the other copy is filed with the time cards in the payroll department.
The accounting clerk receives the payroll register, reviews it for accuracy, and use the department
computer to record the transaction by posting to salary expenses, cash and various withholding
accounts at general ledger and subsidiary ledgers. The clerks then prints the hard copy of pay cheques,
which are written on the general cash account.
The accounting clerk signs the pay cheques and sends them to the site supervisor who distribute them
to the employees. The clerk then files the payroll register in the accounting department.
Discuss the uncontrolled risks associated with the company’s payroll system.
Week 9 Question (10 marks, maximum 300 words)
Explain the following terms:
a) Eavesdropping
b) Identity theft
c) Salami technique
d) Scavenging
e) Hacking
f) Skimming
g) Social engineering
h) Trojan horse
i) Worm
j) Vishing
4
Week 10 Question (10 marks)
The following contains the steps of the financial reporting process.
Make adjusting entries
Prepare the financial statements
Post to the subsidiary ledger
Prepare the adjusted trial balance
Journalise and post closing entries
Journalise and post adjusting entries
Record transactions in special journals
Capture the transactions
Post to the general ledger
Prepare the unadjusted trial balance
Required:
List the steps in the proper order.
Submission Directions:
The assignment has to be submitted via Blackboard. Each student will be permitted one submission
to Blackboard only. Each student needs to ensure that the document submitted is the correct one.
Academic Integrity
Academic honesty is highly valued at Holmes Institute. Students must always submit work that
represents their original words or ideas. If any words or ideas used in a class posting or assignment
submission do not represent the student’s original words or ideas, the student must cite all relevant
sources and make clear the extent to which such sources were used. Written assignments that include
material similar to course reading materials or other sources should include a citation including source,
author, and page number.
In addition, written assignments that are similar or identical to those of another student in the class is
also a violation of the Holmes Institute’s Academic Conduct and Integrity Policy. The consequence for
a violation of this policy can incur a range of penalties varying from a 50% penalty through to
suspension of enrolment. The penalty would be dependent on the extent of academic misconduct
and the student’s history of academic misconduct issues. All assessments will be automatically
submitted to Safe-Assign to assess their originality.
Further Information:
For further information and additional learning resources, students should refer to their Discussion
Board for the unit.
The post Accounting Information Systems Assignment appeared first on EssayBishop.
