Microsoft Word - MYOB reports assessment essay BPMN diagram XXXXXXXXXXdocx ASSIGNMENT2021 MYOBReportAssessmentessayandBusinessProcessManagementNotation Hello. This is about your CSF essay. So...

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Microsoft Word - MYOB reports assessment essay BPMN diagram XXXXXXXXXXdocx
ASSIGNMENT2021
MYOBReportAssessmentessayandBusinessProcessManagementNotation

Hello. This is about your CSF essay. So this essay is designed to help you assess the reports
produced by MYOB. And your task is to prepare a report for the general manager of computer
world Australia that addresses the following questions. Aside from the HR system, as it isn't
incorporated into the reports, what are the major real-world subsystems you believe are needed
for the business? Second, what are the critical success factors? With a brief justification for each
one that you believe the managers of each subsystem should monitor to ensure that the activities
undertaken within each of the subsystems are effective and efficient. Subsystems you might
consider are sales, receivables, payments, inventory, general ledger, or the business systems
using only the data in the reports available up to the end of July 2018. Give an example, figure or
ratio that could be provided by MYOB to measure each of the critical success factors you
identified if the information is not available in MYOB suggest the type of information required to
measure the CSF and the sources from which that information could be obtained. Recall there’s
more to accounting data than managing company. Ratios, you might use are in the Module 8
PowerPoint slides. So that's module 8 there are a lot of ratios in there that you may care to
use. The ratios are provided at the end of this document. Again, excluding the HR
subsystem, comment on the weaknesses of MYOB subsystems in providing the manager of
computer world Australia with the information required to operate and manage the business
effectively and efficiently. To summarise, for each real-world subsystem you identify, please limit
your assessment to no more than 150 words. Each real-world sub system should name the
subsystem, identify the CSF to be monitored. Identify how the example figure or ratio measures
your selected CSF, and identify and information provision of weakness of a business information
system like MYOB. This part of the assignment should be no more than 750 words. That is five
subsystems, each of no more than 150 words per assessment. Again, the reason for the limit is
to help you develop the ability to write clearly, concisely. And without, using unnecessary
filler, your essay will be graded on the basis of completeness, originality, and it's professional
presentation. This part of the assessment is worth 60 marks. The grading rubric indicates the
marks available. So now we'll just move to an example of a particular figure to give you some
idea of what we might be looking for. Okay, Let's have a look at a quick example of a CSF. And
I'll choose a really obvious one. So we've got the profit and loss statement. Are we making a
profit or are we making a loss? And so we can see in this instance that we're actually making a
loss. Now, sometimes firms do make losses. But as we know that computer world has already
been in business for some time. So it's I think it's probably fairly unlikely that they
were intentionally making a loss. So we can see if they make a net profit that’s negative. In other
words, loss. Let's have a look and see if they make a gross profit. We can see that they
do actually make a gross profit. So obviously we've got some fairly high expenses. So here our
expenses, we can see that selling in general is SGA expenses. Bank fees, legal and professional
fees are quite large. There’s the bad debt. Warehouse depreciation and depreciations are
pretty much going to be there anyway. But these legal and professional fees, it seems to be a
major cause of all why we are making a loss. Now. We're don’t know whether those legal and
professional fees are one of us. I guess one of the weaknesses of MYOB is that we don't get
much context to this, at least not in terms of the profit and loss statement. So if it's a one-off, we
need to find that out. Or perhaps it might be that this is a recurring case so we might want
to investigate why we're paying so much for legal and professional fees. Can we go to another
supplier if there is legal and professional advice, who might do it for a lower cost. We can see
that we've also got the total SGA is $42,012. So, if we can get this down, that might be a nice
way of getting ourselves actually back in profit. So, whenever you go to, to look at CSF, don't just
present the CSF critical success factor, whether it's inventory, whether it’s sales, receivables,
payables. You need a little short explanation of why it's important and then some little detail
about it. But remember to keep it brief. No more than 150 words per assessment.


Weight20%
Part1.AssessingMYOBreportsessay.
ThisessayisdesignedtohelpyouassessthereportsproducedbyMYOB.Youaretoprepareareport
fortheGeneralManagerofComputerWorldAustraliathataddressesthefollowingissues:
1.ExcludingtheHRsubsystembecauseitisnotincorporatedinthereports,whatarethemajorreal-
worldsubsystems,e.g.,Sales,Receivables,Payments,Inventory,GeneralLedger(businesssystems)
youbelieveareneededforthebusiness,whatarethecriticalsuccessfactors(CSFs)(withabrief
justificationforeachone)thatyoubelievethemanagersofeachsubsystemshouldmonitorto
ensuretheactivitiesundertakenwithineachofthesubsystemsareeffectiveandefficient?
2.Totheextentpossible,usingonlythedatainthereportsavailableuptotheendofJuly2018,
giveanexamplefigureorratio(pleaserefertoModule8ratiostowardstheendofthisdocument)
thatcouldbeprovidedbyMYOBtomeasureeachofthecriticalsuccessfactorsidentifiedinpart1
above.IftheinformationisnotavailableinMYOB,suggestthetypeofinformationrequiredto
measuretheCSFandthesourcefromwhichthatinformationcouldbeobtained.
3.ExcludingtheHRsubsystembecauseitisnotincorporatedinthisexercise,commentonthe
weaknessesofMYOBsubsystemsinprovidingthemanagerofComputerWorldAustraliawiththe
informationrequiredtooperateandmanagethebusinesseffectivelyandefficiently.
Foreachreal-worldsub-systemyouidentify,pleaselimityourassessmenttonomorethan150
words.Therearefivesub-systemsintotalmeaningthewordlimitwillbe750wordsforthefive
subsystems,with150wordseachforeachsub-system.Eachreal-worldsub-systemassessment
shouldnamethesub-system,identifytheCSFtobemonitored,identifyhowtheexamplefigureor
ratiomeasuresyourselectedCSF,andidentifyaninformation-provisionweaknessofabusiness
informationsystemlikeMYOB.
ThefollowingprovidesanexampleforoneoftheassessmentsoftheCSFs:
Sub-system–GeneralLedger
CSF–Netprofit–ensuringprofitabilityofCWAisacriticalpriority.ThenetprofitofCWAis-
$21,087.29identifyinganetloss.Suchalossisimportantandconcerning,however,thecompany
generatedagrossprofitof$ XXXXXXXXXX.TounderstandwhyCWAisloss-makingexpensesrequire
investigationwhyandwheretheyoccurred.Forexample,theselling,general,andadministration
expenses(SGA)aresubstantial,withlegalandprofessionalfeesaccountingformostofthoseSGA
expenses.
OneofMYOB’sweaknessrelatedtotheGLsub-systemisthatitprovideslittlecontexttothefigures,
e.g.,whethertheyarerecurringorone-offsuchasthelegalandprofessionalfees.Ifrecurring,should
weseekalternatelegal/professionalservicesproviders?Further,MYOBdoesnotreadilyindicate
whatthelegalandprofessionalfeeswereinrelationto,e.g.,alegalpenalty,settlementofaclaim,
taxadvice,etc.
Youressaywillbegradedonthebasesofitscompleteness,originality,anditsprofessional
presentation.Thispartofthisassessmentisworth60marks.Thegradingrubricindicatesthemarks
available.

Objectives
Aftercompletingthisessay,youshouldbeableto:
• identifyandjustifycompany-levelCSFs;
• identifyfiguresfromtheMYOBexercisethatwillmeasureyourspecifiedCSFs;
• identifysomeoftheinformation-provisionweaknessesofabusinessinformationsystemlike
MYOB.
DeliverablesforPart1
Forthispartoftheassignmentyoushouldprovideanassessmentofeachofthereal-world
subsystemsthatMYOBprovides.Whilethispartisinessayform,youshouldincludeheadingsfor
eachsubsystemyouassess.TheexpectationisthatyoushouldassesseachofMYOB’sfivemain
subsystems.
Thispartoftheassignment,shouldbesubmittedtogetherwithPart2asasinglePDFfile.Students
canuseAdobeAcrobatorotherapplicationstomergealldeliverablesintoasinglePDFfile.Thefile
namemustcontainandincludethefollowing:yourMYOBreportassessmentessayandPart2’s
requirements,i.e.,thespecifiedtableofentitiesandtheBPMNdiagram.Alldeliverableshavetobe
mergedaccordingtothefollowingorder:
1. MYOBreportassessmentessay;
2. Tableofentitiesandactivities;
3. BPMNdiagram.

Part2:ProcessCharting
Thispartoftheassignmentrequiresyoutofocusonthesalesandorderentrycycle.Itdoesnot
directlyrelatetoComputerWorldAustraliainPart1.Rather,itgetsyoutoexaminethedetailsofan
onlineorderentryandsalesdeliveryprocess.
YourTasks
YouarerequiredtoperformProblemCaseDP10-1,Partaonp.397oftheGDWtextbookin
relationtoPolisGrocers,Inc.YouarethenrequiredtoprovideaBPMNprocessdiagram(s)
descriptionoftheCaseStudyproblem.Note:InperformingtheCaseStudy,youshouldusea
computerisedtoolsuchasVisio.Tothisend,Onlinedrawingtoolsarealsofreelyavailable,for
example,Draw.ioisausefultool.TohelpyouguidewiththeBPMNcharting,studentsare
encouragedtoconsultwiththeBPMNposterinthefollowingURL:
http://www.bpmb.de/images/BPMN2_0_Poster_EN.pdf
Aftercompletingthisfinalpartoftheassignment,youshouldbeableto:
a. Identifyandexplainthedetailedentitiesandactivitiesinanonlinesalesanddelivery
process;
b. PrepareaBPMNprocessdiagram(s);and
c. Obtainexperienceinusingacomputerizedprocessmodellingtool.
ACCOUNTING INFORMATION AND SOFTWARE
APPLICATIONS MYOB and BPMN ASSIGNMENT
SEMESTER ONE 2021
Grading Sheet
Name
Student No.
Score
Part 1. MYOB reports assessment 60%
Completeness and accuracy of specified MYOB reports 60
Part 2. BPMN diagramming 40%
a. Table of entities and activities 10
c. BPMN diagram(s) 30
Total Score 100%


RatiosinModule/Lecture8:
Answered 4 days AfterMay 08, 2021

Solution

Himanshu answered on May 12 2021
34 Votes

1.
An organizational subsystem is a collective of workers who work together to accomplish a single work-related goal within the broader organizational structure. There are several categories of...

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