Assessment Task – Tutorial Questions Unit Code: HI5019 Unit Name: Strategic Information Systems for Business and Enterprise Assignment: Tutorial Questions 1 Due: 11:30pm 29th May 2020 Weighting: 25%...

1 answer below »
File attached


Assessment Task – Tutorial Questions Unit Code: HI5019 Unit Name: Strategic Information Systems for Business and Enterprise Assignment: Tutorial Questions 1 Due: 11:30pm 29th May 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. Critically evaluate the purpose and role of accounting information systems in today’s business environment; 2. Articulate the various transaction cycles, financial reporting, management reporting systems and e-commerce systems to technical and non-technical stakeholders; 3. Evaluate systems development methodologies and the role of accountants in system development projects; 4. Critically evaluate the range of cultural, security, privacy and ethical issues facing individuals and organisations as a result of 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 for weeks 1 to 5 inclusive and submit these answers in a single document. The questions to be answered are: Week 1 What is the relationship between data, information and an information system? (10 marks, maximum 300 words) Week 2 A council health inspector threatens to close down a restaurant by issuing a fake health violation notice if the owner does not make a financial payment to him. If the restaurant owner does not cooperate, the restaurant cannot be opened for business and the negative publicity will drive customers away. Faced with the potential economic loss, the owner makes the payment. Required: a) What type of fraud is this? (4 marks, maximum 150 words) b) What controls can be implemented to prevent or detect the fraud? (6 marks, maximum 200 words) Week 3 How is a credit check in the advanced technology system fundamentally different from a credit check in the basic technology system? (10 marks, maximum 300 words) Week 4 The following is the description of cash disbursements system of Two Symbols Limited: Upon receipt of the documents from accounts payable department, the cash disbursements clerk files the documents until their payment due date. On the due date, the clerk prepares a cheque for the invoiced amount, which is sent to the treasurer who signs it and mails back to the supplier. The cash disbursement clerk then updates the cheque register, accounts payable ledger, and accounts payable control account from the clerk’s terminal. Finally, the clerk files the invoice and copy of purchase order, receiving report, cheque in the department. Required: Describe the internal control weakness in Two Symbols’ cash disbursements system and discuss the risk associated with the weakness. (10 marks, maximum 300 words) Week 5 Leon Jones worked in the warehouse of a large building supply company. One day he unexpected left for Fiji, never to return. His supervisor seized the opportunity to continue submit time cards for Leon to the payroll department. Each week, as part of his normal duties, the supervisor received the employee pay cheques from payroll and distribute them to the workers on his shift. As Leon was not present to collect his pay cheque, the supervisor forged Leon’s name and cashed it. Required: Describe two control techniques to prevent or detect this fraud scheme. (10 marks, maximum 300 words) 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 SafeAssign to assess their originality. Further Information: For further information and additional learning resources, students should refer to their Discussion Board for the unit.
Answered Same DayMay 15, 2021HI5019

Answer To: Assessment Task – Tutorial Questions Unit Code: HI5019 Unit Name: Strategic Information Systems for...

Arunavo answered on May 22 2021
144 Votes
UNIT CODE: HI5019
STRATEGIC INFORMATION SYSTEMS FOR BUSINESS AND ENTERPRISE
Table of Contents
Week 1    3
Week 2    3
a)    3
b)    4
Week 3    4
Week 4    5
Week 5    5
References    7
Week 1
The modern world is centred completely around the information with exchange and distribution of the information and data. Smith and Wong (2016) have disc
ussed that every company are now depending on the information management system as it generates a lot of value in doing business. It modernises the company in doing business by influencing the organisation to move forward and thus it helps in achieving the goals by enabling the management to carry daily operations, control and monitor the progress.
All the information system requires data as that will help in performing the organisational activities. Baller, Dutta and Lanvin (2016) have further added that data is made of raw facts such as employee information, the number of hours worked, wages, tracking numbers, barcode numbers and many more information. Any raw data does not have any representation value. Therefore, the collected data is processed into information, which will further help in management regarding taking decisions.
Information on the other hand is the interpretation of bits of data in order to form a bigger representation of raw facts. Wang, Kung and Byrd (2018) have further elaborated that when a data is represented in a meaningful way then the information is received. However based on the data that is processed, some of the information is more valuable than other information. The value of the information is based on the integrity of the data and the way the integrity is maintained as it must be dependable, trustworthy and is helpful in strategic business planning.
After the processing of data and formation of information, the storage and use of the information in a systematic manner is called information system. Valentine et al. (2019) have discussed that the procedure and resources that is used to gather, store, process and communicate any information, which is needed in the organisation, is called information system. Therefore, there is a connection between data, information and information system.
Week 2
a)
In this scenario, the health inspector is trying to take a bribe by threatening of issuing fraud notice of health violation. This is a kind of extortion, which is known as economic extortion. Neu (2019) has further added that economic extortion is a kind of fraud, in which employee demands money from the owner of any establishment is order to provide a decision, which will be in favour of the owner. In this scenario, the restaurant owner need to maintain the good reputation and requires the certificate that the owner is maintaining and following all the protocols for doing business. In order to avoid any kind of negative publicity the owner agrees with the fraud. It is very much difficult to keep a track of economic fraud committed by any employees because the companies do not have any kid of records that shows the crime has been committed by the employee.
b)
The kind of economic frauds that take place now and then cannot be controlled by any single measure. Basu (2019) has further added that at first the people need to be aware regarding the fact that awareness regarding any kind of frauds that can be vulnerable....
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here