Objectives:•identify and justify company-level CSFs;what are the major real-world subsystems, e.g., Sales, Receivables, Payments, Inventory, General Ledger (business systems) you believe are needed...

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Objectives:•identify and justify company-level CSFs;what are the major real-world subsystems, e.g., Sales, Receivables, Payments, Inventory, General Ledger (business systems) you believe are needed for the business, what are the critical success factors (CSFs) (with a brief justification for each one) that you believe the managers of each subsystem should monitor to ensure the activities undertaken within each of the subsystems are effective and efficient?•identify figures from the MYOB exercise that will measure your specified CSFs (can ignore this);•identify some of the information-provision weaknesses of a business information system like MYOB; comment on the weaknesses of MYOB subsystems in providing the manager of Surfing Shops Australia with the information required to operate and manage the business effectively and efficiently.
Example:Sub-system – General LedgerCSF – Net profit – ensuring profitability is a critical priority. The net profit is -$xxxxx identifying a net loss. Such a loss is important and concerning, however, the company generated a gross profit/revenue of $xxxxx. Understanding why the company is loss-making expenses requires investigation of why and where they occurred.One of MYOB’s weaknesses related to the GL sub-system is that it provides little context to the figures, e.g., whether they are recurring or one-off such as the legal and professional fees. Further, MYOB does not readily indicate what the legal and professional fees were in relation to, e.g., a legal penalty, settlement of a claim, tax advice, etc.
Answered Same DayMay 15, 2022

Answer To : Objectives:•identify and justify company-level CSFs;what are the major real-world subsystems, e.g.,...

Prince answered on May 15 2022
11 Votes
The CSFs and the primary real-world subsystems
1) Sales System
The Sales system is a component of a bigger system, notably the accounting system of a company.
Assessing the amount of decision making, whether strategy, management control, operational management, or transactional, is the critical success factor (CSF). The second step is to determine what will be the centre of our attention. The third step is to choose an objective, such as effectiveness or efficiency. Finally, we must determine if we require status or event information on the thing in order to assess if the objective has been met Total Assets to Sales ratio is used to evaluate how well a company manages revenue-generating assets. Because a larger ratio indicates greater profitability for the organisation, it is vital for sales managers to concentrate on.
2) Receivables collections system
The CSF stands for days of sales outstanding (DSO). It's computed by multiplying the trade receivables amount by the daily average sales over a period of time. As this number rises, more money is locked up in debtors, making it unavailable for other uses . Our debtors' ageing is the second CSF. We are having collection issues as our debtors get older. Money held in debtors is once again unavailable for other uses.
3) General ledger system
This system's CSF examines the financial statement and responds to inquiries regarding kinds (resources, agents, and places) and occu
ences in connection to the GL system.
4) Payables system
5) The CSF has sufficient funds to pay our debtors. The second step is to make sure we settle our...
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