Accounting
• Prepare a report that will be delivered to the CEO and CIO.
o Your report should include your suggestions for implementing a new accounting information system.
o Your suggestions should be backed up by the research that you have completed.
o Assume that you would actually be providing this report to these managers. Remember you are solving complicated issues by determining best methods to solve the issues. Rely on your research and experience to solve the issues that you presented earlier in the quarter.
o Your report should be a minimum of 5 full pages.
o Include a minimum of 5 reference sources with 2being credible. For your credible sources, use two journal articles from Academic Journals.
o Use APA formatting to write your paper and to document your sources. It will be important to cite your sources both in-text and on your reference page.
o Include an APA formatted title page.
Course Project overview
Overview
The Course Project is designed to provide you with a scenario-based approach to developing an updated Accounting Information System. In this project you are asked to develop a team, identify internal control weaknesses, prepare flowcharts, and make a recommendation for a feasible accounting information system for your company. This course project is prepared to demonstrate your understanding of an accounting information system implementation and how the system relates to other departments within a company.
Due Date
Throughout the term, you are asked to submit portions of your project. In Week 11, you deliver your final proposal to company’s management.
Time Line
Week Assignment
02 Team Selection
04 Internal Control Weaknesses
08 Flowcharting
10 Software Research
11 Final Proposal
Requirements
Assume that you are the Chief Accounting Officer (CAO) for a large manufacturing company. The company is publicly-held; therefore it must follow all reporting requirements of the Securities and Exchange Commission (SEC).
The company is rapidly expanding and has outgrown its information system. You have been given the task of evaluating and recommending a viable accounting information system solution for the accounting and financial data. Your final proposal will be delivered to the Chief Executive Officer (CEO) and Chief Information Officer (CIO). You must be able to support your proposal with appropriate research.
• Organize a team to assist you finding the appropriate system. Identify the departments that will be affected by the change and their role on your team.
• Identify internal control weaknesses that must be addressed in an AIS transition.
• Each department must prepare a flowchart of how their information works in the system. Your task is to prepare a flowchart for at least two functions within two different cycles. Following are the cycles that you will be addressing:
o Revenue Cycle
o Expenditure Cycle
o Production Cycle
o Human Resources Management and Payroll Cycle
o General Ledger Cycle
• Conduct research to find two standard packages that you feel may fit your company. Include a minimum of the following:
o Cost
o Availability
o Required Hardware
o Training and Support Package
o Transition Time
• Assume that you adopt custom software. Briefly explain the advantages and disadvantages to selecting this approach.
• Summarize your findings and prepare a presentation to be delivered to the CEO and CIO.