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Please read the case study and related documents: ?Case Study ? Omega Beta Enterprises? ?Omega Beta ? Current Internal Controls Review? ?Omega Beta ? User Requirements? ?MYOB Product Comparison Chart? Then answer the following assessment questions: Question 1: Based on the Omega Beta Internal Controls Review, what features of the new AIS will need to be in place to manage the ?Major Weaknesses? observed in the Sales function? Answer: Q.2 Which of the 3 selected MYOB systems would you recommend to the management of Omega Beta and why? Answer: Q.3 (a) List the types of conversion approaches Omega Beta can use to implement the new system. (b) Which approach would you recommend Omega Beta use? Explain your answer. Answer: Q.4 How could the Omega Beta Accountant ensure that new (AIS) business transactions are valid in accordance with legislative requirements? Answer: Q.5 Software vendors, such as MYOB, provide extensive on-line Help documentation with their software, covering all functions of the software. What are the advantages for Omega Beta in also developing their own user documentation for their staff? Answer: Q.6 What issues do you think Omega Beta will face when it comes to correctly converting its existing payroll process from the old methods to the new AIS system? Answer: Q.7 At what point should the management of Omega Beta accept that the new system complies with organisational and statutory requirements? Answer: Q.8 Describe 3 ways the new AIS could add value to Omega Beta by providing more accurate and timely accounting information. Answer: Q.8 Describe 3 ways the new AIS could add value to Omega Beta by providing more accurate and timely accounting information. Answer: Q.9 The implementation has been signed off and the CEO of Omega Beta has just received the first ?live? Balance Sheet and Profit & Loss Report from the new AIS. The CEO now asks you, acting as the Accountant: a) why reporting procedures need to be continuously reviewed? and b) how compliance with existing procedures might be monitored and how variations can be identified? Answer:,hi Professor, My apology I dont get it what you mean. But, I wont mind to pay extra, i can't separate the questions above because its a case study...I am working something else as well different questions, and the questions above really I need a hand to tutor me. I do hope you will accept it Sir. Thank you! Kind Regards, Josephine,Please let me know how much extra payment so you can help me to solve questions soo ...Again, Thank you!,Thank you Professor, You are my hero! (:,I am agree with the charges already but the deadline I am not agree with atleast 15th August 2012 @ 5pm Australian time is fine. Please not 16th Aug. because the due submission of my assignment is 15th...Please reply Sir, if you can adjust aswell. Thank you!,Thank you too Sir!,There are five major weaknesses observed in the sales function on the Alpha Internal Control: 1. Accurate database of customers- No- (Authorising party-Sales Clerk) ? Major weakness leads to poor delivery accuracy/ marketing 2. Check on credit rating? Yes, (Athorising party -Credit Officer)? Major weakness- no written authorities recorded 3. Cross-checked delivery docket and invoice Check of cancelled dockets ? No, (Authorising party -Sales person)- Major weakness- no proof deliveries have been made 4. Independent check of invoices- No, (Authorizing party- Sales Manager)- Major Weakness- no check on validity of complaints 5. Process in place for returned goods- No,( Authorising party- Salesperson)- Major weakness- no check on validity of complaints. (Professor, I have contribution answers but I need your opinion or revise it for me. what features of the new AIS will need to be in place to manage the ?Major Weaknesses? observed in the Sales function? The key word- how to manage the major weakness? There are five major weaknesses observed in the sales function on the Omega Betha Internal Control: 1. Accurate database of customers- No- (Authorising party-Sales Clerk) ? Major weakness leads to poor delivery accuracy/ marketing 2. Check on credit rating? Yes, (Athorising party -Credit Officer)? Major weakness- no written authorities recorded 3. Cross-checked delivery docket and invoice Check of cancelled dockets ? No, (Authorising party -Sales person)- Major weakness- no proof deliveries have been made 4. Independent check of invoices- No, (Authorizing party- Sales Manager)- Major Weakness- no check on validity of complaints 5. Process in place for returned goods- No,( Authorising party- Salesperson)- Major weakness- no check on validity of complaints. (Professor, I have contribution answers but I need your opinion or revise it for me. what features of the new AIS will need to be in place to manage the ?Major Weaknesses? observed in the Sales function? The key word- how to manage the major weakness? Hi Professor, Please read my answer question1 and revise it...Thank you! Q.1 Based on the Omega Beta Internal Controls Review, what features of the new AIS will need to be in place to manage the ?Major Weaknesses? observed in the Sales function? (Professor, I have contribution answers but I need your opinion or revise it for me - what features of the new AIS will need to be in place to manage the ?Major Weaknesses? observed in the Sales function? The key word- how to manage the major weakness? Answer: There are five major weaknesses observed in the sales function on the Omega Betha Internal Control: 1. Accurate database of customers- No- (Authorising party-Sales Clerk) ? Major weakness leads to poor delivery accuracy/ marketing 2. Check on credit rating? Yes, (Authorising party -Credit Officer)? Major weakness- no written authorities recorded 3. Cross-checked delivery docket and invoice Check of cancelled dockets ? No, (Authorising party -Sales person)- Major weakness- no proof deliveries have been made 4. Independent check of invoices- No, (Authorizing party- Sales Manager)- Major Weakness- no check on validity of complaints 5. Process in place for returned goods- No,( Authorising party- Salesperson)- Major weakness- no check on validity of complaints.,Oops! I made mistake sending, just ignore the first one...its Omega Betha Internal Control- the right one or second one...suggestions answer only...I still need your answer...Thank you!,I answered question #5 - Please read and correct me if I am wrong, Thank you! Q. 5 a. Types of conversion approaches Answer: 1. Direct conversion- is a direct approach where old system is changed and over write by new system. This is a least expensive method among all four but involves high risk of data loss. With the direct cutover method, company cannot revert to the old system as a backup option. 2. Parallel Conversion- Parallel word is use when two things run simultaneously, so here two operations run simultaneously. The parallel conversion changeover method requires that both the old and the new information systems operate fully for a specified period. When users, management, and the IT group are satisfied that the new system operates correctly, the old system is terminate. Parallel conversion is having very low amount of risk as if the new system does not work correctly, the company can use the old system as a backup. But it is the most costly changeover method. Data have to be input in both systems. Users must work in both system and result in increased workload and processing delays. 3. Phase in Conversion- Phase- in conversion works in different phases or stages. Implementation of new system in modules or stages is phased operation. This is also a combination of direct conversion and parallel similar to pilot conversion. But in this approach the entire system is provided to some users instead a part of system to all users. In phase conversion the risk of errors or failures is limited to the implemented module only and also phased conversion is less expensive than the full parallel operation. But in some cases, phased operation can cost more than a pilot approach where the system involves a large number of separate phases 4. Pilot conversion- The pilot conversion changeover method involves implementing the complete new system at a selected location of the company. The group that uses the new system first is called the pilot site. The old system continues to operate for the entire organization including the pilot site. After the system proves successful at the pilot site, it is implemented in the rest of the organization, usually using direct conversion method. Pilot operation is combination of parallel conversion and direct conversion approaches. b. Recommendations: From the above discussion about all four possible approaches, it is very clear that data conversion and parallel conversion approach alone is not suitable for the Omega Beta because of drawbacks like high risk or high cost but the combination of both approaches namely pilot conversion and phase-in conversion approaches is more productive. Still phase in conversion is not most suitable approach as we know there are lot of phases involve in our information system. So conclusion is pilot conversion operation is the most recommended approach for the Omega Betha because this method is cheaper and safer method. The Management can implement the new system and after the system proves successful, in this way it will be implemented under budget and also there will be low risk of system failure.,Thank you for reading my suggestion answers Professor, I do hope aswell I am doing the right solutions. Please help me that we can finish answering before or on wednesday even 5pm..yes, I still need your answers. Regards, Student,Hi Professor, I got your solutions, I just done submitted my assignment for there are questions i also did myself. Took time finalising. But, I really like your contribution solution. Thanks a lot! Best Regards, Student

 

Paper#6324 | Written in 18-Jul-2015

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