Chapter 4 Recording Transactions and Adjustments and Performing Month-end and Year-end Closing Procedures Options A, B, and C. This chapter has three options depending upon your previous experience with a manual version systems project called the Systems Understanding Aid, written by the same authors as this computerized project. Option A is for students who have not used the Systems Understanding Aid before. Option B is for students who have completed the Systems Understanding Aid before using Transactions List A (Document No. 1). Option C is for students who have completed the Systems Understanding Aid before using Transactions List B (Document No. 1). Your Instructor has chosen Option A for you to perform and is handing …show more content…
Record December 16-31 transactions and perform related maintenance. Perform December 2001 month-end procedures. Record 2001 year-end adjusting entries. Print financial statements and other reports. Perform year-end closing procedures. Perform Maintenance for Inventory Sales Prices and Costs The price and cost list on the next page reflects the current selling prices and costs for Waren’s twelve products. Waren purchases all products for resale from one vendor, Super Electric Company. Waren sells each inventory item at the same price to all customers. A new price and cost list is prepared each time there is a change in an item’s cost or selling price. In this section, you will compare the selling price and cost of each product to the amounts included in Dynamics and update Dynamics for any differences. Browse Button Hint For efficiency in moving through the inventory items, you may use the browse buttons at the bottom left of the window. Use the browse button to the far left to move to the first record in a list. When finished with that record, use the browse button directly to the right of center to move to the next record in the list. If needed, the browse button directly to the left of center moves to the previous record in the list and the one on the far right moves to the last record in the list. These browse buttons are available in all windows involving multiple
This section gives the details and specification of the software on which the system is expected to work.
Another factor to ensure success is to train the IT personnel on the system’s applications and processes. How well the IT personnel understand the systems is extremely relevant to the success of system implementation. The involvement of IT personnel, who have knowledge regarding the application requirements, increases the ability of the team to correctly and quickly specify the requirements. Experienced IT personnel on a team help ensure others understand terminology and have more of an understanding of the stakeholders needs (Havelka and Lee, April 25, 2002).
B. transaction processing systems and office automation systems C. enterprise resource planning systems and transaction processing systems
There are several techniques used in the documentation process. As a system analyst I would propose to the members of this group a straightforward standardized approach. A reasonable suggestion for this project would be to use the Procedure Manual technique for documenting this system. The Procedure Manuals will provide instructions on how to operate and understand how the system works. These manuals are also used as a guide that can be updated at different intervals for future users. Procedure Manuals are also made available to users via the Web. This new approach has made it convenient for users to seek support in a much faster way by offering a FAQ page, and online chat (Kendall & Kendall, 2011). In
Once an employee begins employment with a company he or she must first go through completion of the internship program. During the program the employee has a very important briefing that he or she completed on time, and then presented to the CEO of the company. The guidelines required to complete the briefing assignment consist of the explaining in detail the selection process, and how it was affected by the goals of the organization and stakeholders. The briefing will explain the process needed for selecting and acquiring an information system and how the goals of an organization can drive the selection of the system. The briefing will identify
Provide integrated systems analysis and recommend appropriate hardware, software, and communication links required to support IT goals and strategies within the domain.
A change control process for information technology systems is important to ensure that the continuity of the business is maintained, and that no data is lost due to changes to the system. There is always the possibility that a change to an information technology system may have unforeseen or undesired results. It is of the utmost importance to have a pre-defined process for a non-destructive rollback of any upgrades or changes. Having a mechanism for approval and notification to effected users of system changes can help avoid confusion, mistrust, and loss
1.9 Describe problems that may occur with information systems and how to deal with them, when necessary
In a formal probate process, accurate bookkeeping is crucial. As an executor, you must provide a final accounting of the estate and have it approved by all the beneficiaries in order to close the estate. Since, in some states, the formal probate process can take a year or more to close an estate, sloppy bookkeeping can hold up the final accounting stage if a discrepancy occurs. Therefore, to avoid holdups, you must develop a reliable bookkeeping system.
This paper describes a project suitable for use in an upper division course requiring the completion of analysis, design and implementation of a software system. It is especially useful for illustrating multiple cycles through the development process, as well as for integrating key concepts from a number of fundamental knowledge clusters in a typical undergraduate IS program of study. These knowledge clusters include database management, project management, programming principles, and system analysis and design. In the pilot class, students employed use case analysis as well as standard object-oriented techniques such as class diagrams and sequence diagrams. Students followed a modified version of the Team Software
The strategy for setting a product’s price often has to be changed when the product is part of a product mix. In this case, the firm looks for a set of prices that maximizes its profits on the total product mix. Pricing is difficult because the various products have related demand and costs and face different degrees of competition.
The interview session has been done by include an open-ended and closed-ended question which are related to the implemented project. Next, sampling technique is executed by system analyst who does evaluation to the current system or prototype. These processes give feedback in evaluation form that filled after tested the system. Lastly, observation is performed by using questionnaire form. According to Burch (1992), the questionnaire is analyzed and transform into structured form that easy to understand. After all information has been collected, structuring of system requirement takes place. It focused on development process modeling which perform “graphically representing the process, or actions, that capture, manipulate, store, and distribute data between a system and environment” (Hoffer, George, & Valacich, 2012, p. 182). In this step, Data flow diagram (DFD) is structured by system analyst using special tools and techniques to create a decision table. According to Hoffer, George and Valacich (2012), decision table is a “diagram of process logic where the logic is reasonably complicated” (p. 200). This table is useful to help system analyst to make a decision toward the project. Then all information’s gained from this phase are documented in System Analysis Report (SAR) that acts as a guideline or reference to the future system development project (Burch, 1992).
Setting prices for new models of existing products, such as this year’s model of a video cassette recorder (VCR), starts with the current prices. These prices are adjusted for the features added or dropped. For example, assume we add to the new VCR the ability to view tapes in different formats (NTSC, PAL and SECAM). Also assume that we delete an FM radio which was on the previous model since it is not popular. The revised price may be set by taking the current price, adding the price that customers are willing to pay for the multiple format feature and deleting from this price the value customers place on the radio.
In this paper, I will cover five different pricing strategies used, by retailers and manufacturers, to sell their products. I will demonstrate how pricing products according to one of the five pricing strategies chosen works effectively for each company.