Kudler Fine Foods is a client of the accounting firm for which you work. Kudler’s management is interested in effectively integrating technology into its business operations. They have asked you to prepare a brief detailing how computer systems could be more effectively integrated to meet their business needs and improve their accounting operations.
Resource: Kudler Fine Foods is a part of the virtual organizations which may be found by using the link on your rEsource page titled “Virtual Business Portal.”
· Prepare a 1,050- to 1,400-word brief:
o Identify Kudler’s key business and accounting information needs.
o Analyze Kudler’s current system including hardware and software by performing an analysis of strengths and weaknesses regarding Kudler’s current computer system and technology use.
o Explain what opportunities Kudler has in terms of technology and provide suggestions for improving Kudler’s ability to maximize these opportunities through technology.
o Evaluate the threats which Kudler may encounter given their current systems and your suggestions, in terms of using technology.
o Use APA formatting where appropriate for references, citations, and title page
Similar to any business, Kudler Fine Foods uses payroll, accounts payable, accounts receivable, and inventory processes. All four of these processes could be improved by the use of accounting information systems. Your accounting firm has assigned you to the team that will recommend systems to improve automation of these processes.
· Decide as a team whether Kudler should purchase industry specific software or develop customized software.
· Prioritize the automation, enhancement, and maintenance to the four main systems.
· Prepare the documentation needed to explain the rationale for your decisions as well as recommended automation, enhancement, and maintenance schedules.
· Develop flowcharts to show the flow of data into and from each of the four accounting systems analyzed.
· Write a 500- to 750-word brief that:
o Explains the rationale and analysis behind the recommended course of action.
o Explains the characteristics of the system that support the recommended course of action.
o Describes how the analyzed accounting information systems incorporating the recommended changes add value to the accounting operations of Kudler Fine Foods.
o Follows APA formatting.
Before data may be automated, it must be evaluated for completeness. Examine the data tables that Kudler Fine Foods maintains for inventory.
o Evaluate the design elements of the data tables from an accounting perspective.
o Create an entity relationship diagram illustrating the existing data tables.
o Recommend improvements to the data tables.
o Create a pivot table in Microsoft® Excel using the general ledger inventory data located on the Kudler Fine Foods intranet.
o Explain how the information in thepivot table may improve decision making for management at Kudler Fine Foods; include an example from the data.
Management at Kudler Fine Foods has reviewed the flowcharts prepared for payroll, accounts payable, accounts receivable, and inventory processes in Week Two and is requesting information on controls that will be required.
o Analyze the risks in the systems that your team analyzed.
o Identify all risks and internal control points by incorporating the controls and risks into the flowcharts.
o Design internal controls to mitigate risks to the systems.
o Evaluate the application of internal controls to the systems.
o Discuss other controls, outside the system, that Kudler Fine Foods may need.
Management at Kudler Fine Foods now wants to see the proposed audit schedules for the systems analyzed by your team in Week Two.
o Distinguish between the types of audits that might be used for each process.
o Recommend the audit most appropriate for each process.
o Explain how the audits will be conducted.
o Identify events that might prevent reliance on auditing through the computer.
Learning Team Assignment: System Integrity and Validation (Paper and PowerPoint), and Summary of Weeks 1-5
· Prepare an INTERNAL BRIEFf of no more than 1,050 words AND an accompanying 5- to 8-slide PowerPoint® presentation in which you address the following:
o Describe how the selected computer assisted auditing techniques will be used to validate data and system integrity within the system.
o Explain the functions of audit productivity software.
o Explain how audit productivity software might be used in the systems designed In addition to the audit plan for the analyzed processes, recommend ways the audit documentation and process may be improved using computer technology.
· In addition, write a one-page summary of the recommendations made to Kudler during weeks 1-4. Include this summary as a PREFACE to your brief.
· There are 3 requirements for the assignment this week: A Preface, An Internal Brief and PowerPoint
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