...Control and Risk Evaluation Lauren A Lewis Accounting Information Systems ACC/542 June 23,2014 Yasin Dadabhoy Internal Control and Risk Evaluation Internal controls and risk assessments are an essential part for an organization to be successful. Management at Kudler Fine Foods has reviewed the flowcharts prepared and is requesting information on controls that will be required. Risks are the negative events that may occur causing a change in an organizations productivity. Internal controls are the policies and procedures put in place to reduce unexpected occurrences related with the risks. This brief will discuss the risks of Kudler Fine Food’s current Accounting Information System evaluated by Learning Team A. It will also identify all risk and control points by incorporating the controls and risk into the flowcharts. Team A will design internal controls to ease risks to the systems, and discuss other controls, outside the system, that Kudler Fine Foods may need When evaluating Kudlers accounting information systems and the integration of the automation we found that Kudlers focus should be on payroll, accounts payable, accounts receivable, and inventory processes. Theses processes have risk involved. This brief will focus on Kudlers internal and external controls, which include polices and procedures, HR compliance/code of conduct and computer information access. Kudler must maintain a policy and procedures system documenting in detail how each procedure should be...
Words: 828 - Pages: 4
...I found that Chapter 9 Enterprise Systems was not only interesting but one of the most important topics we have gone over in class so far. The article I have chosen is called Putting the Enterprise into the Enterprise System by Thomas H. Davenport of the Harvard Business review. This article, in great detail explains that although enterprise systems are attractive to businesses they do come with some hazards. It also expounds on the fact that companies need to be ready and they need to know what they are getting their selves into because enterprise systems push you toward full integration even if you are not ready. This article outlines the dangers, the allure, and how enterprise systems impact a firm. The author states as his main point, that companies want enterprise systems because it takes data from one department or sector of a business and centralizes with other information which is definitely an attractive asset to companies with data redundancy issues. He also expounds on the risks associated with implementing a fully integrated enterprise system like the price tag, the expertise needed to set it up, configuration difficult, and how the system will affect the business. The article is important because it gives you the advantages and disadvantages of implementing an enterprise system. Many of the other articles I had to choose from only gave the advantages of an enterprise system so, me wanting to play devil’s advocate wanted to find something that would give...
Words: 710 - Pages: 3
...forces in Iraq encounter with information systems? What management, organization and technology factors contributed to these difficulties? U.S. military forces in Iraq encounter the information system where information was passed vertically which delayed the flow of information. The organization was centralized. In this type of organization, activities are focused within a particular location. It is a traditional structure of an organization that refers to process of arranging all the technology related services in a single business unit which then provides service to the whole organization. Management is a key issue in centralization and there is commonalty, consistency and compatibility across the work groups (Rockart, Earl & Ross, 1996). It provides the standardization in the company. But, there is no business unit ownership and control of the system. Centralized organizations are unresponsive and fail to meet every business unit’s need. Leaders are more authoritarian in this type of organization and this type of organization perform mostly routine task (Laudon & Laudon, 2010). Because of these features, information system during Iraq war was not very responsive. Information had to go up in the chain of command before any decision was made which delayed the flow of information to the front-line officers. Describe TIGR and explain why it has been so beneficial to U.S. patrol groups in Iraq? TIGR, or the Tactical Ground Reporting System is an application developed by...
Words: 508 - Pages: 3
...question "Why MIS?“ • distinguish between data, information, knowledge and wisdom • differentiate between Information Technology and • Information Systems • describe systems in use in typical organizations • relate information systems to strategy and • competitive advantage. What is an MIS? • An Information Systems is a system that captures, stores and processes data, transforming it into useful information. • The Information Systems exist in the context of the organization, which in turn exists within the winder environment. • Data is captured from events in and out of the organization. Information is disseminated in and out of the organization 1 2/15/2013 What is an MIS? Data • Data refers to raw facts lacking in context. – Bar code – Student ID number – Price – Telephone number – Etc. • Often times, raw data is not very useful for decision making. Data • A listing of students registered for MIS this semester . • The list only provides me with raw data. 2 2/15/2013 Information • Information can be produced from data by summarizing, categorizing, sorting and by adding context. Input Process Output Information Female Male Information Global Oil Production 3 2/15/2013 Knowledge “Knowledge is a familiarity with someone or something, which can include information, facts, descriptions, and/or skills acquired through experience or education.” (Wikipedia) Knowledge • So while it is possible to possess the information, perhaps one can not be said to have knowledge until...
Words: 1056 - Pages: 5
...Information systems From Wikipedia, the free encyclopedia Information system (IS) is the study of complementary networks of hardware and software (see information technology) that people and organizations use to collect, filter, process, create and distribute data.[1][2][3] Information Systems encompasses a variety of disciplines such as: the analysis and design of systems, computer networking, information security, database management, and decision support systems. Information Management deals with the practical and theoretical problems of collecting and analyzing information in a business function area including business productivity tools, applications programming and implementation, electronic commerce, digital media production, data mining, and decision support. Communications and Networking deals with the telecommunication technologies. Information Systems bridges business and computer science using the theoretical foundations of information and computation to study various business models and related algorithmic processes within a computer science discipline.[4][5][6][7][8][9][10][11][12][13][14] Computer information system(s) (CIS) is a field studying computers and algorithmic processes, including their principles, their software and hardware designs, their applications, and their impact on society[15][16][17] while IS emphasizes functionality over design.[18] Any specific information system aims to support operations, management and decision making.[19] In a broad...
Words: 5388 - Pages: 22
...1. Compare and contrast the application of information technology (IT) to optimize police departments’ performance to reduce crime versus random patrols of the streets. 2. Describe how COMPSTAT, as an information system (IS), implements the four (4) basic IS functions: 1. Input 2. Processing 3. Output 4. Feedback 3. Determine how information systems have allowed police departments that implement tools such as COMPSTAT to respond to crime faster. 4. Apply the strengths, weaknesses, opportunities, and threats analysis (SWOT analysis) on behalf of police departments that intend to implement predictive policing. 5. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. You may use the resources above or others of your choosing Predictive Policing | Information Technology, or IT, is the study, design, creation, utilization, support, and management of computer-based information systems, especially software applications and computer hardware. Information technology is not limited solely to computers, but other devices such as mobile phones, PDAs and other handheld devices. The field of IT is quickly moving from compartmentalized computer-focused areas to other forms of mobile technology.("Information Technology," 2011) Over the last decade, computer and telecommunications technologies have developed at a surprising rate. Increased computing...
Words: 253 - Pages: 2
...Unit 1. History of computing and Information systems Unit Introduction In this unit, you will learn how computing systems are used and how they relate to society. You will also explore the history of computing and information systems, components of computing devices, characteristics of information systems that are in use by organizations. The unit will also give you an overview of how to implement and manage an information for organizations or individuals. You will also discover that before an information system is implemented that there are certain steps that must be covered to address issues such as the business needs and why the system is required, users of the system, user requirements, user authentication, user privacy, security of data and the system, components required, system software,...
Words: 1738 - Pages: 7
...Information Technology This report provides an analysis and evaluation of information technology tools available to help support our business. The purpose of this plan is to set the foundation for our information technology department regrading marketing, accounting, sales, and quality assurance. This report will also cover and evaluate technologies that have emerged in the last five years and consider there potential impact on the business and also determine whether or not these technologies will be adopted. Communication Communication is one of the key elements when conducting business. This is because in order to run a successful business one must be in constant contact with customers and service providers. Technology such as VoIP (voice of internet protocol) makes this possible, VoIP may be the single most important thing that should be integrated into our business this technology allows for long distance calls, the sending and receiving of information, documents, capable of happening on a global level and is the most efficient way to conduct business transactions and communications. Most importantly however it is cheap, between the efficiency and finical savings this technology allows it is my recommendation that this technology should be adopted. One of the biggest advantages of integrating new technology into our business is the finical savings it affords us. This will allows tasks that once took sizable amounts of time and money to be completed with a touch of...
Words: 969 - Pages: 4
...from Riordan Manufacturing, Chief Operating Officer Hugh McCauley writes, “Analyze the HR system to integrate the existing variety of tools in use today into a single integrated application” (Apollo Group, 2007). The company wants to use a more updated approach to handling Human Resources (HR) tasks. The following document provides a detailed proposal of how to fulfill Hugh McCauley’s request. The document is presented in several sections that are outlined below. 1. Information Gathering Techniques 1.1 Keys to Successful Information Gathering 2. Project Scope 3. Feasibility 4. Application Architecture 5. Data Flow 6. System Implementation 6.1 Coding 6.2 Testing 6.3 Installation 6.4 Documentation 6.5 Training 6.6 Support 7. Conclusion Information Gathering Techniques The information gathering process should begin with an Internet search using key Phrases such as human resources information systems (HRIS), human resources software, human resources handbook, and human resources model. All of these search phrases will return many results that will provide information on HR system designs, software specifically for HR departments, and other companies’ policies and capabilities. One may also receive results reflecting ideas for HR systems that may not currently be in use, and testimonial about ideas that work in today’s businesses. Researchers can elicit more specific information from software companies, consulting firms, or individuals through follow-up phone calls,...
Words: 2336 - Pages: 10
...digital world and the advent of the information age. Define globalization, describe how it evolved over time, and describe the key drivers of globalization. Explain what an information system is, contrasting its data, technology, people, and organizational components. Describe the dual nature of information systems in the success and failure of modern organizations. Describe how computer ethics impact the use of information systems and discuss the ethical concerns associated with information privacy and intellectual property. CHAPTER OVERVIEW This chapter helps the student understand the role of information systems as organizations move into the digital world, and how they have helped fuel globalization. The student will learn what information systems are, how they have evolved to become a vital part of modern organizations, and why this understanding is necessary to become an effective manager in the digital world. The student will also learn how globalization evolved, and what opportunities globalization presents for organizations. The importance of ethics as it relates to IS is discussed especially as it relates to information privacy, accuracy, property, and accessibility. A number of cases and illustrations are used, for example, Apple products and how they have evolved over time (such as the iPhone, Mac Air, iPod, and iPad). CHAPTER OUTLINE PREVIEW Managing in the Digital World: Apple INFORMATION SYSTEMS TODAY The Rise of the Information Age BRIEF CASE Technology at Starbucks...
Words: 3147 - Pages: 13
...Running head: INFORMATION SYSTEM STRATEGIC PLANNING Information System Strategic Planning, the Cost of Efficiency Student Name University Any Town, Virginia September 2010 Certification and Approval A Directed Research Project on Information System Strategic Planning the Cost of Efficiency: Is there a preferred approach to information systems planning, submitted to the Graduate Faculty of Strayer University in candidacy for the degree of Master’s of Science in Information Systems. Submitted by: _________________________Date: _______________ Approved by: ___________________________ Date: _______________ ABSTRACT Information systems’ planning is often costly to implement and maintain; however, sound planning practices may reduce expenses associated with the development processes. A Formal methodical approach to systems analysis, requirements engineering, systems design, development, and construction may offer a reduction in development and certain aspects of life cycle support expenses. Corporate expenses may reach approximately 5% of their gross income on information systems development and support. This equates to approximately $15,000,000 to $35,000,000 annually (Whitemarsh Information Systems Corp. 2008, p.). Information systems may cost significantly less. In comparison, information systems, contingent upon other factors such as size of the company, and complexity of the information system cost may range anywhere from $2,000,000 to $10,000...
Words: 6140 - Pages: 25
...Information Systems in Organizations (Wallace) Chapter 1 Information Systems and People 1) China is known as the world's "back office" because innumerable companies in China manage information system applications for a growing number of multinational corporations. Answer: FALSE Page Ref: 6 AACSB: Use of information technology Chapter LO: 1 Difficulty: Easy Course LO: Discuss the role of information systems in supporting business processes 2) A survey of retailers found that modern point-of-sale technology was rated the least valuable element in customer satisfaction. Answer: FALSE Page Ref: 8 AACSB: Use of information technology Chapter LO: 1 Difficulty: Easy Course LO: Describe the functions of customer relationship management (CRM) systems 3) A person's online behavior is an important source of business intelligence. Answer: TRUE Page Ref: 9 AACSB: Use of information technology Chapter LO: 1 Difficulty: Easy Course LO: Explain how information systems can be used to assist in decision making 4) The information systems that support virtual teamwork and collaboration are, in some respects, still in their infancy compared to the more mature operational systems. Answer: TRUE Page Ref: 9 AACSB: Use of information technology Chapter LO: 1 Difficulty: Easy Course LO: Explain how IS can enhance systems of collaboration and teamwork 5) The development and application of innovative information systems improve the operations...
Words: 8842 - Pages: 36
...Module I Development Processes Information Technologies Foundation Concepts FOUNDATIONS OF INFORMATION SYSTEMS IN BUSINESS Ch apt er Highligh t s L ea r n i n g O bj ect i v e s Section I Foundation Concepts: Information Systems in Business 1. Understand the concept of a system and how it relates to information systems. 2. Explain why knowledge of information systems is important for business professionals, and identify five areas of information systems knowledge that they need. 3. Give examples to illustrate how the business applications of information systems can support a firm’s business processes, managerial decision making, and strategies for competitive advantage. 4. Provide examples of several major types of information systems from your experiences with business organizations in the real world. 5. Identify several challenges that a business manager might face in managing the successful and ethical development and use of information technology in a business. 6. Provide examples of the components of real world information systems. Illustrate that in an information system, people use hardware, software, data, and networks as resources to perform input, processing, output, storage, and control activities that transform data resources into information products. 7. Demonstrate familiarity with the myriad of career opportunities in information systems. The Real World of Information Systems Real World Case: eCourier, Cablecom,...
Words: 24619 - Pages: 99
...(A): The Role of the Operating Manager in Information Systems CASE STUDY I-1 IMT Custom Machine Company, Inc.: Selection of an Information Technology Platform CASE STUDY I-2 VoIP2.biz, Inc.: Deciding on the Next Steps for a VoIP Supplier CASE STUDY I-3 The VoIP Adoption at Butler University CASE STUDY I-4 Supporting Mobile Health Clinics: The Children’s Health Fund of New York City CASE STUDY I-5 Data Governance at InsuraCorp CASE STUDY I-6 H.H. Gregg’s Appliances, Inc.: Deciding on a New Information Technology Platform CASE STUDY I-7 Midsouth Chamber of Commerce (B): Cleaning Up an Information Systems Debacle CASE STUDY II-1 Vendor-Managed Inventory at NIBCO CASE STUDY II-2 Real-Time Business Intelligence at Continental Airlines CASE STUDY II-3 Norfolk Southern Railway: The Business Intelligence Journey CASE STUDY II-4 Mining Data to Increase State Tax Revenues in California CASE STUDY II-5 The Cliptomania™ Web Store: An E-Tailing Start-up Survival Story CASE STUDY II-6 Rock Island Chocolate Company, Inc.: Building a Social Networking Strategy CASE STUDY III-1 Managing a Systems Development Project at Consumer and Industrial Products, Inc. CASE STUDY III-2 A Make-or-Buy Decision at Baxter Manufacturing Company CASE STUDY III-3 ERP Purchase Decision at Benton Manufacturing Company, Inc. CASE STUDY III-4 The Kuali Financial System: An Open-Source Project CASE STUDY III-5 ...
Words: 239887 - Pages: 960
...Description The 21st Century enterprise runs on information. Business leaders must have ready access to timely, accurate and relevant information if they are to manage and compete effectively in the global economy. MISM 2301 addresses the central role of information management (IM) and information technology (IT) systems in enabling current business activities. To this end, the course explores how a wide range of enterprises around the world employ information management to operate, to manage and control, and to plan and innovate. The course is entirely case-driven, focusing on real business issues, analysis and problem solving, and out-of-the-box thinking in the creation of value for the enterprise through the effective application of IM and IT. Thus, rather than a focus on specific technical content or skills, MISM 2301 considers the application of IM and IT in running and managing a business and in infusing them with competitive advantage. Prerequisites: None Learning Objectives 1. To identify business needs and the information needed to meet those needs. 2. To introduce the basic types of information systems applications and how they meet business needs. 3. To explore the components of an IT infrastructure and how they support the applications and business. 4. To explore the process of capturing information, making it available to the business where and when it is needed, and how the information should be structured and analyzed to support business...
Words: 701 - Pages: 3
