HA2042 T XXXXXXXXXXAssessment 2: Individual Assignment 1 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION ASSESSMENT DETAILS AND SUBMISSION GUIDELINES Trimester T2 2020 Unit Code HA2042 Unit Title...

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HA2042 T2 2020 - Assessment 2: Individual Assignment 1 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION ASSESSMENT DETAILS AND SUBMISSION GUIDELINES Trimester T2 2020 Unit Code HA2042 Unit Title Accounting Information Systems Assessment Type Assessment 2: Individual Assignment Assessment Title System Analysis and Selection Purpose of the assessment (with ULO Mapping) Students are required to: • Understand and explain the place of an accounting information system in the context of the organisational structure and operating practices (ULO 2), • Identify, analyse and compare different types of accounting information systems (ULO 3), and • Use different methodologies to evaluate various accounting information systems (ULO 4). Weight 30% of the total assessments. Total Marks 30 Marks. Word limit No more than 2500 words. Due Date The written report is due in Week 9, dated 18th September 2020, on Friday at 11.59 pm. Submission Guidelines • All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page. • The assignment must be in MS Word format, double spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. • Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Harvard referencing style. • Include a minimum of ten (10) references, at least five (5) from peer- reviewed journal relevant to the unit. Chamodi De fonseka HA2042 T2 2020 - Assessment 2: Individual Assignment 2 Assignment Details Background You are working in an accounting/management consultancy firm. Your firm is focusing on different aspects of the accounting information systems. One of your firm’s clients is currently evaluating its accounting system, and the Chief Financial Officer (CFO) of your client thinks that they needed to invest in cloud-based accounting software to support the growth of the business. Required You are required to prepare a report to evaluate and recommend a cloud-based accounting software for an Australian ASX-listed company of your choice (your firm’s client).1 The report should include the following components: 1. Background • Describe your client and its business activities. • Briefly describe the basic business activities involved in the revenue and expenditure cycles of the selected company. • And identify the weak internal controls in these business activities. Further, identify the risks associated with these weak controls. 2. Systems requirements • Outline the software features and functionalities that your client should consider to support its business activities. 3. Software selection • Visit the websites of at least two (2) accounting software package vendors (e.g. SAP, MYOB, Xero, etc.) and provide a brief description of each vendor and its products. • Compare and contrast the features/functionalities of two cloud-based accounting software packages offered by accounting software package vendors. • Identify the most suitable vendor and accounting software package for your client and explain why it is the best option. Assignment Structure The report should include the following components. 1. Holmes Institute Assignment Cover Sheet 2. Executive Summary The executive summary should be concise and not involve too much detail. It should make commentary on the main points only and follow the sequence of the report. Write the Executive Summary after the report is completed, and once you have an overview of the whole text. 3. Contents Page This needs to show a logical listing of all the sub-headings of the report’s contents. Note this is excluded from the total word count. 1 Alternatively, you can select any company listed on the stock exchange of your home country. HA2042 T2 2020 - Assessment 2: Individual Assignment 3 4. Introduction Typically, the introduction is a short paragraph which includes background, scope and the main points raised in the order of importance. There should be a brief conclusion statement at the end of the introduction. 5. Main Body Paragraphs with Numbered Sub-headings This section contains the detailed information which elaborates on the main points raised in the introduction. Each paragraph should begin with an exact topic sentence, then supporting sentences with facts and evidence obtained from research and finish with a concluding sentence at the end. 6. Conclusion This section contains a logical and coherent evaluation based on a thorough and objective assessment of the research performed. 7. Appendices This section includes any additional explanatory information which is supplementary and/or graphical to help communicate the main ideas made in the report. Refer to the appendices in the main body paragraphs, as and where appropriate. (Note this is excluded from the total word count.) Note: The report should be grounded on relevant literature, and all references must be cited appropriately and included in the reference list. Marking criteria Marking criteria Weighting in Total Grades Describe your client and its business activities 3% Evaluate the key business processes for your client 5% Outline the software features and functionalities that your client should consider supporting its business activities 3% Visit the websites of at least two (2) accounting software package vendors (e.g. SAP, MYOB, Xero etc.) and provide a brief description of each vendor and its products 5% Compare and contrast the features/functionalities of two cloud-based accounting software packages offered by accounting software package vendors 5% Identify the most suitable vendor and accounting software package for your client and explain why it is the best option 5% Presentation 2% Research quality 2% TOTAL Weight 30% HA2042 T2 2020 - Assessment 2: Individual Assignment 4 Marking Rubric Excellent Very Good Good Satisfactory Unsatisfactory (80-100%) (70-79%) (60-69%) (50-59%) (0-49%) Describe your client and its business activities. (3 Marks) An excellent description of your client and its business activities. A very good description of your client and its business activities. A good description of your client and its business activities. An adequate description of your client and its business activities. Inappropriate description of your client and its business activities. Evaluate the key business processes for your client. (5 Marks) Demonstrate an excellent understanding of key business processes for your client in the discussion. Demonstrate a very good understanding of key business processes for your client in the discussion. Demonstrate a good understanding of key business processes for your client in the discussion. Demonstrate an adequate understanding of key business processes for your client in the discussion. Unable to present a proper discussion of key business processes for your client. Outline the software features and functionalities that your client should consider supporting its business activities. (3 Marks) Present an excellent discussion on the features and functionalities of accounting software that your client should consider. Present a very good discussion on the features and functionalities of accounting software that your client should consider. Present a good discussion on features and functionalities of accounting software that your client should consider with minor errors and/or omissions. Present a discussion on features and functionalities of accounting software that your client should consider with errors and/or omissions. Unable to present a proper discussion on features and functionalities of accounting software that your client should consider Visit the websites of at least two (2) accounting software package vendors (e.g. SAP, MYOB, Xero etc.) and provide a brief description of each vendor and its products. (5 Marks) Present an excellent description of accounting software package vendors and their products. Present a very good description of accounting software package vendors and their products. Present a good description of accounting software package vendors and their products with minor errors and/or omissions. Present a description of accounting software package vendors and their products with errors and/or omissions. Unable to present an accurate description of accounting software package vendors and their products. HA2042 T2 2020 - Assessment 2: Individual Assignment 5 Compare and contrast the features/functionalities of two cloud-based accounting software packages offered by accounting software package vendors. (5 Marks) Present an excellent comparison of features and functionalities of two cloud-based accounting software packages. Present a very good comparison of features and functionalities of two cloud-based accounting software packages. Present a good comparison of features and functionalities of two cloud-based accounting software packages with minor errors and/or omissions. Present a reasonable comparison of features and functionalities of two cloud-based accounting software packages with errors and omissions. Unable to present a proper comparison of features and functionalities of two cloud-based accounting software packages. Identify the most suitable vendor and accounting software package for your client and explain why it is the best option. (5 Marks) Propose a choice of an accounting software package based on very strong arguments. Propose a choice of an accounting software package based on strong arguments. Propose a choice of an accounting software package based on reasonable arguments.