HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI5019 Strategic Information Systems for Business and Enterprise Individual Assignment Assessment Details and Submission Guidelines Trimester T1 2020 Unit Code HI5019 Unit Title Strategic Information Systems for Business and Enterprise Assessment Type Individual assignment Assessment Title Case Study – Paradise Industries Purpose of the assessment (with ULO Mapping) Students are required to: Critically evaluate the purpose and role of accounting information systems in today’s business environment (ULO 1). Articulate the various transaction cycles, financial reporting, management reporting systems and e-commerce systems to technical and non-technical stakeholders (ULO 2). Appraise the risks inherent in computer-based systems/ERP, including the role of ethics and the various internal control processes that need to be in place (ULO 4). Weight 20% of the total assessments Total Marks 20 Word limit Not more than 2,500 words Due Date Week 7, Friday 5:00 pm (AEST) Submission Guidelines All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page. The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style. Page 2 of 5 HI5019 Strategic Information Systems for Business and Enterprise Individual Assignment Assignment Specifications Background After working at several accounting and consultancy firms for more than a decade, you have recently decided to start your own consultancy business. A friend of your wife introduces you to Paradise Industries, a manufacturer of high-precision machine tools based at Adelaide. Paradise Industries employs a centralised computer system with distributed terminals in the departments. The company recently have a number of operational problems and the managing director of the company has engaged you to assess its systems and processes. Expenditure Cycle When an inventory item falls to the recorder point, a purchase requisition is automatically generated and printed on the terminal in the purchasing department. The purchasing clerk select suppliers and prepare a purchase order. One copy of the purchase order is sent to the supplier and another copy is sent to the receiving department. The purchasing clerk then adds a record to the open/closed purchase order file through an update program in the data processing department. When the receiving clerk receives the delivery from the supplier, the clerk reconciles the items with the packing slip and the purchasing order. After the reconciliation, the receiving clerk prepares a hard-copy receiving report recording the quantity and.