ACC 315 Final Project Guidelines and Rubric ACC 315 Final Project Guidelines and Rubric Overview The final project for this course is the creation of a client recommendation that includes flowcharts,...

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ACC 315 Final Project Guidelines and Ru
ic





























ACC 315 Final Project Guidelines and Ru
ic
Overview
The final project for this course is the creation of a client recommendation that includes flowcharts, diagrams, tables, na
ative, and an executive summary
presentation. The final product represents an authentic demonstration of competency because you will analyze a real-world scenario with the goal of making
ecommendations for an accounting information system. The project is divided into two milestones, which will be submitted at various points throughout the
course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Three and Five. The final product will be
submitted in Module Seven.
In this assignment, you will demonstrate your mastery of the following course outcomes:
 ACC-315-01: Explain how accounting information systems function in today’s business environment in small, medium, and large enterprises
 ACC-315-02: Diagram key elements of typical business processes and their associated transactions in a computerized accounting environment
 ACC-315-03: Identify internal controls and sources of internal control guidance as related to accounting systems, and how to document system-related
internal controls
 ACC-315-04: Illustrate features found in accounting application software (vendor and customer management, general ledger, financial statement
preparation, payments and cash receipts, etc.)
 ACC-315-05: Describe critical elements of databases used in typical computerized accounting systems
Prompt
For this project, you will assume the role of a consultant responsible for assessing a client’s business operations and making recommendations for an accounting
information system. To complete this project, review the Final Project Scenario document.
Specifically, you must address the critical elements listed below. Most of the critical elements align with a particular course outcome (shown in
ackets).
I. Client Recommendation: Prepare a written recommendation for the automation of a client’s accounting system. Address the following elements in
detail:
a) Describe the cu
ent accounting environment and the stakeholders of a business. [ACC-315-01]
) Map one accounting cycle (sales, accounts receivable, accounts payable, inventory, or payroll) using a data-flow diagram and system flowchart.
[ACC-315-02]
c) Use an REA diagram to identify the pertinent resources, events, and agents within the chosen accounting cycle. [ACC-315-02]
d) Create a table that identifies weaknesses and potential threats to a business and potential internal controls to address the weaknesses and
threats found in the chosen cycle. [ACC-315-03]
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e) For the chosen cycle, describe the data elements that need to be captured in the accounting information system (AIS), and organize that data
into relational database tables. Include the data type, structures, and whether the data element is a primary or foreign key. [ACC-315-05]
II. Executive Summary Presentation: Prepare a presentation as a visual accompaniment to the recommendation.
a) Explain your findings. Describe the business’s strengths and weaknesses and what the results indicate about the business’s ability to be
successful. [ACC-315-01]
) Describe how and why an automated AIS would benefit the business. Explain the attributes and advantages of an automated AIS and the
specific ways an automated AIS would benefit the business. [ACC-315-01]
c) Recommend accounting application software that would help the business. Explain the features of accounting application software along with
your rationale for the chosen software. [ACC-315-04]
Milestones
Milestone One: Client Recommendation Part 1
In Module Three, you will create a data-flow diagram, system flowchart, entity-relation diagram, and a
ief paper describing the accounting environment. This
milestone will be graded with the Milestone One Ru
ic.
Milestone Two: Client Recommendation Part 2
In Module Five, you will create a table that identifies weaknesses, potential threats, and potential internal controls, along with a
ief paper describing the
equired data elements and the resulting relational database tables. This milestone will be graded with the Milestone Two Ru
ic.
Final Project Submission: Client Recommendation and Executive Summary Presentation
In Module Seven, you will submit your final project. It should be a complete, polished artifact containing all of the critical elements of the final product, along
with supporting diagrams, charts, and tables. It should reflect the incorporation of feedback gained throughout the course. A presentation will accompany the
eport. This submission will be graded with the Final Project Ru
ic.
Final Project Ru
ic
Guidelines for Submission: Your client recommendation should be 6 to 9 pages in length (plus a cover page and references) and must adhere to APA format. Use
double spacing, 12-point Times New Roman font, and one-inch margins. Include at least two references cited in APA format. Your executive summary
presentation should be 5 to 8 content slides, plus a title slide and speaker notes.
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Critical Elements Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value
Client
Recommendation:
Accounting
Environment and
Stakeholders
[ACC-315-01]
Meets “Proficient” criteria and
demonstrates a nuanced
understanding of the
environment
Accurately describes the
accounting environment and
the stakeholders of a business
Describes the accounting
environment and the
stakeholders of a business, but
description contains
inaccuracies or lacks detail
Doesn’t describe the
accounting environment or
the stakeholders of a business
13
Client
Recommendation:
Map Accounting Cycle
[ACC-315-02]
Meets “Proficient” criteria and
shows a complex grasp of data
and system flowcharting
Accurately maps one of the
accounting cycles using a
data-flow diagram and system
flowchart
Maps one of the accounting
cycles using a data-flow diagram
and system flowchart, but the
mapping lacks detail or contains
inaccuracies
Doesn’t map one of the
accounting cycles using a
data-flow diagram and system
flowchart
13
Client
Recommendation: REA
Diagram
[ACC-315-02]
Meets “Proficient” criteria and
masterfully demonstrates
knowledge of pertinent elements
Uses an REA diagram to
co
ectly identify the
pertinent resources, agents,
and entities within the chosen
cycle
Uses an REA diagram to identify
the pertinent elements within
the selected cycle, but diagram
contains inaccuracies
Doesn’t use an REA diagram
to co
ectly identify the
pertinent resources, agents,
and entities within the chosen
cycle
13
Client
Recommendation:
Weaknesses, Threats,
and Internal Controls
[ACC-315-03]
Meets “Proficient” criteria and
shows keen insight into
weaknesses, potential threats,
and potential internal controls
Accurately creates a table that
identifies weaknesses and
potential threats to a business
and potential internal controls
to address the weaknesses
and threats found in the
chosen cycle
Creates a table that identifies
weaknesses and potential
threats to a business and
potential internal controls, but
table lacks detail or contains
inaccuracies
Doesn’t create a table that
identifies weaknesses and
potential threats to a business
and any potential internal
controls
13
Client
Recommendation:
Data Elements in
Relational Database
Tables
[ACC-315-05]
Meets “Proficient” criteria and
demonstrates a complex grasp of
data elements and their
elational organization
Accurately describes the data
elements that need to be
captured in the AIS and
organizes that data into
elational database tables,
including the data type,
structures, and whether the
data element is a primary or
foreign key
Describes the data elements
that need to be captured in the
AIS and organizes that data into
elational database tables, but
description or tables lack
equired detail or contain
inaccuracies
Doesn’t describe the data
elements that need to be
captured in the AIS or
organize that data into
elational database tables
13
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Answered 5 days AfterApr 10, 2022

Solution

Nitish Lath answered on Apr 16 2022
13 Votes
Page | 2
ACC 315 Final Project
Gregory P. Charles
Contents
Cu
ent Accounting Environment and Stakeholders:    3
DFD Diagram:    5
System Flowchart:    6
REA Diagram    7
Accounting Environment and Stakeholders
Weaknesses, Potential Threats, & Internal Controls………………………………………….8
RELATIONAL DATABASE TABLE…………………………………………………………..9
Recommendations………………………………………………………………………………10
References:    12
Cu
ent Accounting Environment and Stakeholders:
The accounting environment in which Peyton Approved Bakery is working cu
ently is lacking various controls and other automated systems which are used by many other businesses operating in the same industry. There are various examples which can clearly explain that the cu
ent accounting system lacks certain controls which are necessary. Let us look at one such example:
There are various processes ca
ied out in the bakery like taking of the orders, collection of the payments, giving order for the supplies, getting the products delivered and maintaining a record of the inventory. These processes are divided among the staff working at the bakery. Rather than this it would be much better if proper segregation of duties would have been done between the employees and each employee should be made responsible for a particular process. Due to proper division of work among the employees, there are less chances of fraud and any false transactions taking place. It would also improve the efficiency and effectiveness of the employees as they would now have to focus only one particular process instead of doing multiple jobs. This would make them specialized in that area and work efficiency and effectiveness would improve. Due to lack of control the Peyton Approved Bakery is at risk of facing frauds and fraudulent activities taking place at the business. For the purpose of managing the inventory at Peyton Approved Bakery there should be an automated system which is lacking in the cu
ent accounting environment. There are many accounting information systems such as Tally, SAP etc. It would be best for Peyton Approved Bakery to use SAP as an accounting information system for the management of inventory. An accounting information system helps in collecting the data, storing it, managing the stored data, processing the data, retrieving the useful information and reporting the final financial results. By using accounting information system inventory management can be automated and it would also make sure that adequate controls are established for the purpose of checking that all the guidelines of accounting are followed and inventory is accounted in a better manner.
The stakeholders of Peyton Approved Bakery are various investors, its customers, the employees and staff working in the organization and its suppliers from which supplies are purchased, the communities which are attached with the business, the government and various trade associations. From various stakeholders, some are internal stakeholders and the other are treated as external stakeholders. In case of Peyton Approved Bakery the internal stakeholders are Renee, Pie
e, Jill, the suppliers and the customers. And if we talk about external holders of Peyton Approved Bakery, then these are communities in which they live and get...
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