4. Create a data flow diagram of the current system. b. Create a system flowchart of the existing system. c. Analyze the physical internal control weaknesses in the system. d. (Optional) Prepare a system flowchart of a rede- signed computer-based system that resolves the control weaknesses that you identified, Explain your solution.
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- Green Pond Nursery Supply (GPNS) is a gardencenter wholesaler in eastern Pennsylvania that sellsand distributes a wide range of garden productsand equipment including organic fertilizers, premiumflower and grass seeds, organic pesticides, and gardenspreaders. GPNS’s customers are primarilysmall garden centers and landscape companies in theMid-Atlantic states. Sales are on credit.GPNS’s current information system includes manualprocedures supported by independent (nonnetworked)PCs in each department. Communicationsbetween departments are entirely throughhard-copy documents. Recently, GPNS has beenreceiving complaints from suppliers regarding paymenterrors. Management believes that these complaintsstem, in part, from their antiquated computersystem. You have been hired to assess GPNS’s proceduresand internal controls. The following is adescription of GPNS’s expenditure cycle.Purchasing ProcessThe purchasing agent receives an inventory statusreport from the inventory control…GREEN POND NURSERY (STANDALONE PC-BASED ACCOUNTING SYSTEM) Green Pond Nursery Supply (GPNS) is a garden center wholesaler in eastern Pennsylvania that sells and distributes a wide range of garden products and equipment including organic fertilizers, premium flower and grass seeds, organic pesticides, and garden spreaders. GPNSs customers are primarily small garden centers and landscape companies in the Mid-Atlantic States. Sales are on credit. GPNSs current information system includes manual procedures supported by independent (non-networked) PCs in each department Communications between departments are entirely through hard-copy documents. Recently, GPNS has been receiving complaints from suppliers regarding payment errors. Management believes that these complaints stem, in part, from their antiquated computer system. You have been hired to assess GPNSs procedures and internal controls. The following is a description of GPNSs expenditure cycle. Purchasing Process The purchasing agent receives an inventory status report from the inventory control department, which identifies the items that need to be reordered. The agent selects the suppliers, enters this information into the computer terminal to create a digital purchase order, and then prints three hard copies of the purchase order. He sends one copy to the supplier; one copy to the AP department, where it is filed temporarily, and files the third copy in the purchasing department. When the goods are received, the receiving department inspects and verifies them using the packing slip, which is attached to the goods. The receiving clerk manually prepares two hard copies of a receiving report. One copy accompanies the goods to the warehouse for storage. The receiving clerk sends the second copy to the purchasing agent who closes the open purchase order. The purchase agent then forwards the receiving report to the inventory control clerk. The inventory control clerk receives the receiving report and updates the inventory subsidiary. At the close of business, the clerk prepares an inventory summary, which he sends to the general ledger clerk. Accounts Payable and Cash Disbursements Procedures The AP clerk receives the suppliers invoice and reconciles it with the purchase order in the temporary file. From her computer terminal, the clerk records the purchase in the purchases journal and records the liability by adding a record to the AP subsidiary ledger. The purchases order and invoice are then filed in the department. Each day, the AP clerk visually searches the AP subsidiary ledger from her terminal for invoices that are due to be paid. The clerk prepares the check and records it in the digital check register. The negotiable portion of the check is mailed to the vendor, and a check copy is filed. The clerk then closes the liability in the AP subsidiary ledger and prepares a journal voucher, which she sends to the general ledger clerk. Upon receipt of the inventory summary and journal voucher, the general ledger clerk updates the inventory control, AP control, and cash accounts. Required a. Create a data flow diagram of the current system. b. Create a system flowchart of the existing system. c. Analyze the physical internal control weaknesses in the system. d. (Optional) Prepare a system flowchart of a redesigned computer-based system that resolves the control weaknesses that you identified. Explain your solution.GREEN POND NURSERY (STAND ALONE PC-BASED ACCOUNTINGSYSTEM)Green Pond Nursery Supply (GPNS) is a garden center wholesaler in eastern Pennsylvania that sells and distributes a wide range of garden products and equipment including organic fertilizers, premium flower and grass seeds, organic pesticides, and gar den spreaders. GPNS's customers are primarily small garden centers and landscape companies in the Mid-Atlantic states. Sales are on credit.GPNS's current information system includes manual procedures supported by independent (non networked) PCs in each department. Communications between departments are entirely through hard-copy documents. Recently, GPNS has been receiving complaints from suppliers regarding payment errors. Management believes that these com plaints stem, in part, from their antiquated computer system. You have been hired to assess GPNS's procedures and internal controls. The following is a description of GPNS's expenditure cycle.Purchasing ProcessThe purchasing…
- Assume that a company, UGrowIt, wants to introduce a new service helping people grow vegetables. The service is targeted at people who are new to growing vegetables or have not been successful at growing vegetables in the past. UGrowIt will travel to people’s gardens and provide gardening advice on how to get started, eliminate pests, or troubleshoot other gardening problems. The company plans to offer the service at a price that is affordable for most people. UGrowIt also offers a lower-priced option of ZOOM that includes a video inspection of the garden. A local nursery and the garden center at a hardware store are allowing UGrowIt to set up booths to sell the service to new customers. UGrowIt has created pamphlets to hand out to potential customers that introduce the service, provide contact information, and offer two pieces of gardening advice. Which of the marketing Ps is a pamphlet? Product Physical evidence Planning Process1. Explain which of the conversion methods would be suitable for the following. Justify your choice: Upgrading the software for an Automatic Banking Machine (ABM/ATM) Adding a new inventory system along with new computerized cash registers in a supermarket Implementing a student course management system in a university 2. List four reasons why your participation as a user of an information system is critical during the systems development life cycle, linking the concepts of user involvement and change management in a software implementation project. 3. Why is it so important to understand how a business process works when trying to develop a new information system? TASK B: In the context of the impact of a change on an organization, How would you characterize the following changes? Adding electronic scoreboards to a cricket grounds. A Telco consolidating call centres in one country. A Telco installing fibre-to-the-home to replace copper wires. A Telco launching a TV service.Identify 2 advantages and 2 disadvantages for each for the measures below implemented by the retailers during the outbreak of covid-19. i. Live streaming can help retailers facilitate a “see now, buy now” culture, which enables them to instantly inform consumers about their products and create an urge to purchase. ii. improvement of online ordering and delivery services.
- Customer Value, Strategic PositioningAdriana Alvarado has decided to purchase a personal computer. She hasnarrowed the choices to two: Drantex (ad Confiar. Both brands have thesame processing speed, 6.4 gigabytes of hard-disk capacity, two USBports, and a DVDRW drive, and each comes with the same basic softwaresupport package. Both come from mail-order companies with goodreputations. The selling price for each is identical. After some review,Adriana discovers that the cost of operating and maintaining Drantexover a 3-year period is estimated to be $300. For Confiar, the operatingand maintenance cost is $600. The sales agent for Drantex emphasizedthe lower operating and maintenance costs. The agent for Confiar,however, emphasized the service reputation of the product and thefaster delivery time (Confiar can be purchased and delivered 1 weeksooner than Drantex). Based on all the information, Adriana has decidedto bur Confiar. Required:1. What is the total product purchased by Adriana?2.…PERFORMANCE WATER PUMPS (CENTRALIZED SYSTEM WITH DISTRIBUTED TERMINALS) Performance Water Pumps (PWP) is a leading man- ufacturer of water pumps with high capacity capabil- ity. These pumps are used in both civil and private disaster situations. PWP's primary market is disaster recovery companies that assist home owners follow- ing basement flooding. They also sell to building contractors, municipalities, and rental companies. The company publishes an industry catalog of pumps and other auxiliary equipment, which it dis- tributes to customers and prospective customers. PWP's headquarters and manufacturing facilities are in Leesville, Louisiana where they employ 125 manufacturing and clerical staff. PWP employs a centralized computer system with distributed terminals in the departments. Recently they have been having operational problems with PWP has hired your auditing firm to assess its operations and internal control procedures. Purchasing System When an inventory item falls to…Saurez Company, your client, manufactures paint. The company’s president, Maria Saurez, has decided to open a retail store to sell Saurez paint as well as wallpaper and other supplies that would be purchased from other suppliers. She has asked you for information about the conventional retail method of pricing inventories at the retail store. Instructions Prepare a report to the president explaining the retail method of pricing inventories. Your report should include the following points. a. Description and accounting features of the method. b. The conditions that may distort the results under the method. c. A comparison of the advantages of using the retail method with those of using cost methods of inventory pricing. d. The accounting theory underlying the treatment of net markdowns and net markups under the method.
- Alameda Tile sells products to many people remodeling their homes and thinks that it could profitably offer courses on tile installation, which might also increase the demand for its products. The basic installation course has the following (tentative) price and cost characteristics. Need Assistance with Req C2, Req C3, Req C4Create a flowchart for the following telephone-ordering process at a retail chain that specializes in selling books and music CDs. It provides an ordering system via the telephone to its time-sensitive customersbesides its regular store sales. First, the automated system greets customers and identifies whether they have a tone or pulse phone. Customers choose 1 if they have a tone phone; otherwise, they wait for the first available service representative to process their request. If customers have a tone phone, they complete their request by choosing options on the phone. First, the system checks to see whether customers have an existing account.Customers choose 1 if they have an existing account or choose 2 if they want to open a new account. Customers wait for the service representative to open a new account if they choose 2. Next, customers choose between the options of making an order, canceling an order, or talking to a customer representative for questions and/or complaints. If…Creative Homework/Short Project Your friend's small business makes hand-crafted papers that she sells di- rectly to her customers online. Fortunately, her business is growing quickly, and she is considering selling her unique product to other businesses. From your market- ing class, you know that different channel structures exist for both consumer and B2B markets. Summarize the differences between these two channel structures. What advice can you give her?