Accounting Information Systems – TMA Applications and Business Value

Accounting Information Systems – TMA Applications and Business Value

Question

Part 1,

TMA, describes the concepts and practices of accounting information systems in the enterprise. As you work, you’ll gain confidence in your ability to master a real company’s accounting information system. It is scored from 0 to 100 points and represents 25% of the total score component. The aim is to assess students’ understanding of some of the learning points in Chapters 1-4 and 12. This TMA requires the application of course concepts.

TMA is designed to:
Expands students’ knowledge of the realities of accounting as a profession.
Assess the student’s understanding of the key learning points in Chapters 1-4.
Develop your abilities. Understand and operate the nature of real accounting information systems.
Develop students’ communication skills, including note-taking, essay writing, material analysis and presentation.
Develop basic ICT skills, such as using the Internet.

Part 1

Question I (20 points)

Salma established Bag Zone in Riverside with the aim of providing high quality handbags. The unique designs and use of unusual materials to make the handbags are a competitive advantage, and the finished products can be wholesaled to fashion retailers or consigned by local retailers. Additionally, handbags can also be marketed directly to consumers by exhibiting their products at fashion and craft fairs or selling online. Business is booming and she has built a sizable customer base over the past five years. She thinks it may be time to record details about the sales and payroll processes in an information system and provide details about inventory.

Salma believes it is possible for the business to modernize some of her processes and reduce costs. Data processing takes a lot of time. She plans to open four more branches over the next three years. The systems used must be able to support these developments. Salma is now aware that her system is not retrieving any details about her customers. Only the details of the items she purchased, payment method, employee, quantity purchased, price and total are recorded.

It has been analyzed that inventory levels are recorded using stock cards. As new inventory and unit sales details change at the end of each business day, you will see the new inventory details populated on the card. Clearly, out-of-stock leaf marketing is not very accurate as it can be forgotten in a hurry. Physical inspection is required to determine inventory levels for inventory items.

Required

Knowledge of information systems to help Salma solve various problems. B. Maintain customer data, maintain marketing off-stock sheets, collect data to help forecast sales, accurately calculate wages and pay employees electronically. You must demonstrate that your suggestions will help each store improve organizational performance and store efficiency.

Question 2 (20 points)

The company maintains constant contact and good relationships with both its suppliers and customers. Tailored to the customer and their wants and needs. The focus was on optimizing the supply chain to minimize costs and reduce inventory. However, new supply chain technologies are emerging to meet the business disruptions and supply chain challenges associated with the global COVID-19 pandemic. On the other hand, the crisis has heightened the importance of analyzing demand changes before and after the outbreak.
Using a real-world example, learn how an Accounting Information System (AIS) supports business integration with external parties such as suppliers and customers. .

Question 3 (20 points)

A business process is a defined set of inputs that uses resources to transform specific inputs into specific outputs in order to achieve a business goal. business activity.

Describe and demonstrate the importance of documenting business processes.

Part 2

Question 1: (30 points)
Companies invest in accounting information systems to add value. A value chain shows how the value of a product increases for each major activity. AIS plays an important role in adding value to primary and ancillary activities.
Could you explain the above statement where AIS adds value to the company?
In primary activities?
In ancillary activities?
Impact of AIS on the income statement

Question 2 (10 points)
Create a BPMN (Business Process Modeling Notation) activity diagram of Nora’s process using the following description.

Nora visits her website at Amazon.com to buy the latest album by her favorite musician. She searches for musician names. Amazon displays the search results and Amazon selects the correct entry. She tries the music before deciding whether to buy the album. If you decide to buy the album, you have to decide whether you want to buy the physical CD or just download the MP3 file.

If you decide to buy the CD, click the Buy Now button. Since she is her Amazon Prime member, she will automatically receive free shipping within 2 days and her item will be credited to her card. She then waits two days for the CD to arrive. She can enjoy the music once she arrives.

If you want to buy an MP3, select that option and click the Buy Now button again. She will be charged for the item and taken to a page where she can download the music. If she downloads the album, she can enjoy the music.