The purpose of this project is to research the cutting-edge technology available in the market place and propose a practical use of it in Accounting Information System. The technology may be currently in use in a limited capacity or may be a future concept. Students are expected to use books, articles, internet, and any other available sources to collect information to do this project. Each source must be properly sited. 1) Description of the technology 2) Its use in a particular business cycle 3) Its benefits 4) Its disadvantages
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- Mo. The I Love Operations Management (ILOM) Conference, a major international conference, is staffed by student volunteers. One of the tasks of the student volunteers is to register conference attendees. The registration process involves confirming that fees have been paid, retrieving a conference package specific to that person (filed under their last name), and passing on relevant information about the conference. In 2023, conference registration will be handled by a group of 10 student volunteers who work in five pairs to register the attendees (i.e., each pair will together register one attendee at a time). Attendees line up in a common line to be served by the next available pair of volunteers. Attendees arrive at an average rate of 139 per hour (assume Poisson arrival distribution) and the service time is, on average, two minutes (following a negative exponential distribution). What is the average time needed to register (includes waiting and registering), in minutes (round…With the rise of e-commerce and m-commerce, this conflict is likely to continue, as more and more companies are finding ways of making their products accessible online and on mobile apps. How insurance companies can manage this conflict? What startegies they should have, except One strategy to manage this conflict is to follow in Allstate’s footsteps by pairing local agents with each online transaction (Stackpole, 2001). Even if the agent’s interaction in the process is minimal, they are still afforded the commission (Stackpole, 2001). This strategy is a win-win situation: customers have the option of purchasing insurance online and enjoying the ease with which that can occur while insurance agents will still receive their commission. Another strategy to manage this conflict could be to use exclusive offerings. Kawasaki chose to sell only accessories on its website, so as not to impede business at its retailers (Stackpole, 2001). Insurance companies could employ a similar strategy by…For tis week I will request from you to solve this mini case. The CEO of the Baker Inc, wants to implement a new accounting system, to improve work flow through the company’s sales, cash receipts, accounts payable, and cash disbursement procedures. The CEO is, however, concerned about the potential disruption that the implementation will have on operations. In an announcement letter to Baker’s employees, the CEO stated that: “I have contracted Flybynight Consulting Group to do the needs analysis, system selection, and design work. The programming and implementation will be performed in-house using existing IT department staff. The development process will be unobtrusive to user departments because Flybynight knows what needs to be done. They will work independently, in the background, and will not disrupt departmental and internal audit work flow with time consuming interviews, surveys, and questionnaires. This promises to be an efficient process that will produce a system that will…
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- 2. Jamila wants to set up a manufacturing unit, so she meets with Rashid, a humanresource manager at her company. Rashid explains that in order to decide on thehuman resource needs for the unit, they should conduct a workflow analysis. Shesuggests they start by defining the outputs of the process. To do this, what shouldJamila define?A) the processes that will be involved in manufacturingB) the number of people required for productionC) the type of products that will need to be manufacturedD) the special equipment, facilities, and systems needed for productionE) the data and information needed by the work unitInside an organization, enterprise resource planning (ERP) is related to: a. Manufacturing only. b. Operations and Supply Chain only. c. Marketing, Finance and Accouting only. d. Human Resources only. e. To all of the above.A computer factory in Tangerang plans to increase production line for new products and plan to produce as many as XX0 units per hour. Production process, production time and production process to continue the next production process are described in the table below: (1 day = 8 working hours) production process production time Production process that follows the next production according to the list below A 12 - B 15 A C 8 A D 5 B,C E 20 D a. What is the cycle time for the production of the new product? ( note : in second )b. What is the minimum number of workstations?c. Draw a diagram of the production process.d. Is it with the diagram that you have drawn, the production process can go according to plan? Describe the process from each workstation you've created!
- Brief Exercises 7-11 through 7-14 involve departmental cost allocation with two service departmentsand two production departments. Use the following information for these four exercises:Brief ExercisesPercentage Service Provided toDepartment Cost S1 S2 P1 P2Service 1 (S1) $ 30,000 0% 30% 35% 35%Service 2 (S2) 20,000 20 0 20 60Production 1 (P1) 100,000Production 2 (P2) 150,0007-11 What is the amount of service department cost allocated to P1 and P2 using the direct method?18. The purpose of a Property Management System is to: A) manage the entire lodging property operation by keeping all of the information regarding all departments in one computer system. B) manage only the guestrooms portion of a lodging property operation by keeping the information regarding the front desk and housekeeping in one computer system C) manage the food and beverage portion of a lodging property business by keeping the information regarding the restaurant and room service in one computer system. D) assist in developing marketing and promotion packages.Brief Exercises 7-11 through 7-14 involve departmental cost allocation with two service departmentsand two production departments. Use the following information for these four exercises:Brief ExercisesPercentage Service Provided toDepartment Cost S1 S2 P1 P2Service 1 (S1) $ 30,000 0% 30% 35% 35%Service 2 (S2) 20,000 20 0 20 60Production 1 (P1) 100,000Production 2 (P2) 150,0007-13 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1and P2 using the step method with S1 going first?