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HI5019 T2 2021 Assessment 1: Individual Assignment Page 1 of 9
HOLMES
INSTITUTE
FACULTY OF
HIGHER
EDUCATION
ASSESSMENT DETAILS AND SUBMISSION GUIDELINES
Trimester
T2 2021
Unit Code
HI5019
Unit Title
Strategic Information Systems for Business and Enterprise
Assessment Type
Assessment 1: Individual Assignment
Assessment Title
Analysing an Accounting Information System
Purpose of the
assessment (with
ULO Mapping)
Students are required to:
• Critically evaluate the purpose and role of accounting
information systems in today’s business environment [ULO 1].
• Articulate the various transaction cycles, financial reporting,
management reporting systems and ecommerce systems to
technical and non-technical stakeholders [ULO 2].
• Appraise the risks inherent in computer-based systems/ERP,
including the role of ethics and the various internal control
processes that need to be in place [ULO 4].
Weight
20% of the total assessments.
Total Marks
20 Marks.
Word limit
2000 words ± 10%.
Due Date
The written report is due in Week 5 on Friday dated 20th August 2021 at
11:59 PM.
Late submission incurs penalties of five (5) % of the assessment per
calendar day unless an extension and/or special consideration has been
granted by Student Services prior to the assessment submission
deadline.
Submission
Guidelines
• All work must be submitted on Blackboard by the due date along with
a completed Assignment Cover Page.
HI5019 T2 2021 Assessment 1: Individual Assignment Page 2 of 9
• The assignment must be in MS Word format, double spacing, 12-pt
Arial font and 2 cm margins on all four sides of your page with
appropriate section headings and page numbers.
• Reference sources must be cited in the text of the report and listed
appropriately at the end in a reference list using Adapted Harvard
Referencing style. Please see the section Assignment Design –
Adapted Harvard Referencing Section below.
• Include a minimum of ten (10) references, at least five (5) from peer
reviewed journal relevant to the unit.
ASSIGNMENT DETAILS
After finishing your Master of Professional Accounting, you started your accounting
consultancy in Gold Coast, Queensland, Australia. You got a high distinction in HI5019
Strategic Information System and preferred to analyse the business processes, risks and
internal controls. XYZ is one of your clients, and the CEO of XYZ is delighted with your
services.1 [Please read this footnote carefully].
The head of the accounting department is concerned about the business processes and internal
controls of XYZ. Therefore, he has recently contacted you to evaluate their revenue cycle
focusing on the business processes and internal controls of XYZ. During the initial meeting,
you elaborate him that conceptually, the revenue cycle is a recurring set of business activities
and related data processing operations associated with providing goods and services to
customers and collecting their cash payments. This definition reveals that the revenue cycle
can be categorised into (1) sales order processing procedures, and (2) cash receipts procedures.
Considering the spcial nature of XYZ’s business, we categorized the revenue cycle of XYZ as:
• Sales Order Procedures (SOP), and
• Cash Receipts Procedures (CRP).
You requested the head of the accounting department to describe the SOP and the CRP of
XYZ Limited separately. This description is given below.
1. SOP of XYZ Limited
The revenue process activities of XYZ is initiated when a customer places an order either
online, by mail or through a telephone representative. At department level, these orders are
generally cateogorised into two types, including online orders and offline orders. In terms of
1 XYZ is an online company that supplies a range of architectural products to building contractors and private
individuals. Their product line includes such items as gable vents, shutters, vinyl sidings, and decorative trim in
various materials. The company employs a combination of manual procedures and a networked accounting
system with distributed terminals in several departments. After years of satisfactory performance, however, XYZ
Limited is now experiencing operational inefficiencies and accounting errors.
HI5019 T2 2021 Assessment 1: Individual Assignment Page 3 of 9
accounting theory, there is a significant difference between these two types of orders.
Therefore, the processes of these orders are elaborated separately in sub-section 1.1 and 1.2.
1.1 Processing of Online Sales Orders
Online orders are entered automatically by the system, mail and phone orders are manually
entered. When the customer order is entered, the system automatically performs an online
credit check. If credit is approved, the sales process continues. If credit is denied, the process
is terminated and the customer is notified of the automatic rejection.
1.2 Processing of Offline Sales Orders
The offline sale orders are received via mail or through a telephone representative. In most of
the cases, these orders are the unstandardised sales [we have discussed the unstandardised
orders in details in our interactive tutorials]. The sales clerk first converts the unstandardised
sales order into the standardised sales order. For this purpose, the sales representative
requests the missing information, if any. When the order is received, the sales clerk checks the
customer’s creditworthiness of the customer from his computer terminal. Three years ago, the
sales clerk requested the accounting department to provide him with a list of customers whose
account receivables are written off. The sales clerk is still using this information to check the
creditworthiness of the customers. The sales clerk is using the same procedure to check the
creditworthiness of the new customers. The customer’s order is rejected if the customer’s
credit is not verified. The sales order processing is started after the credit verification. In
particular, the sales clerk records the approved standardised sales order in the sales order
system through his computer terminal.
For both types of approved orders (online sales orders and offline sales orders), the clerk
manually prepares four hard copies of each sales order. The clerk then enters the sale into the
digital sales journal from his terminal and files one copy of the sales order in the sales
department. A second copy is sent to the billing department, where it is further processed. A
third copy is sent to the warehouse. A final copy is sent to the customer as a receipt stating
that the order has been received and processed.
It might be important to note that the warehouse clerk uses the sales order as a stock release
document to pick up the requested items from the shelves. The clerk then manually prepares
a bill of lading and packing slip, which accompany the goods to the carrier. The warehouse
clerk then accesses the computer terminal and creates a digital shipping notice for the billing
department. Finally the clerk files the stock release hard copy in the warehouse. The billing
department clerk reconciles the hardcopy sales order and the digital shipping notice which is
displayed on his or her terminal. He or she then prints two hard copies of an invoice. One
copy is sent to the customer as a bill and the other is sent to the accounts receivable
department. The clerk then files the sales order copy in the department.
Upon receipt of the hard copy invoice, the accounts receivable clerk creates a digital record in
the accounts receivable subsidiary ledger from his terminal. The clerk then files the invoice
copy in the department.
HI5019 T2 2021 Assessment 1: Individual Assignment Page 4 of 9
2. CRP of XYZ Limited
The case receipt processes of XYZ Limited can be broadly categorized into four types:
• First, customer payments and remittance advices come into the mail room. A clerk
separates the documents and sends the remittance advices to accounts receivable and the
checks to the cash receipts department.
• Second, upon receipt of the remittance advices, the accounts receivable clerk accesses the
customer’s account in the accounts receivable subsidiary ledger from a terminal and
adjusts the balance accordingly. The clerk files the remittance advices in the department.
• Third, the cash receipts clerk receives the checks and posts them to the cash receipts
journal from his or her terminal. The clerk then manually prepares a hard-copy deposit
slip and sends it with the cash to the bank.
• Finally, at the end of each day, the system prepares batch totals of all sales and cash
receipts transactions and posts them automatically to the control accounts in the digital
general ledger.
Required
Based on the above information, prepare a report for the chief financial officer of XYZ Limited
to evaluate their revenue cycle. In your report, you need to include the following items:
1. “Processing of Online Sales Order (section 1.1) and Processing of Offline Sales Order
(section 1.2) have different accounting implications.” Discuss this statement in the
light of existing revenue cycle of XYZ Limited.
2. In the light of our discussion during interactive tutorials, describe potential internal
control weaknesses in the sales order procedures and cash receipts procedures of XYZ
Limited.
3. In the light of our discussion during interactive tutorials, discuss the potential risks
associated with the internal control weaknesses identified in the requirement number
two above.
4. Based on the requirement number three above, what types of frauds are possible. Hint:
we have discussed different types of frauds in the interactive tutorial and lectures. Your
discussion should be based on these contents.
ASSIGNMENT STRUCTURE
The report should include the following components.
1. Holmes Institute Assignment Cover Sheet
The Holmes Institute Assignment Cover Sheet is available at the end of menu item
Assessments on the Blackboard.
HI5019 T2 2021 Assessment 1: Individual Assignment Page 5 of 9
2. Executive Summary
The executive summary should be concise and not involve too much detail. It should make
commentary on the main points only and follow the sequence of the report. Write the
executive summary after the report is completed, and once you have an overview of the whole
text.
3. Table of Contents
This needs to show a logical listing of all the sub-headings of the report’s contents. Note this
is excluded from the total word count.
4. Introduction
Typically, the introduction is a short paragraph which includes background, scope and the
main points raised in the order of importance. There should be a brief conclusion statement
at the end of the introduction.
5. Main Body Paragraphs with Numbered Sub-headings
This section contains the detailed information which elaborates on the main points raised in
the introduction. Each paragraph should begin with an exact topic sentence, then supporting
sentences with facts and evidence obtained from research and finish with a concluding
sentence at the end.
6. Conclusion
This section contains a logical and coherent evaluation based on a thorough and objective
assessment of the research performed.
7. Appendices
This section includes any additional explanatory information which is supplementary and/or
graphical to help communicate the main ideas made in the report. Refer to the appendices in
the main body paragraphs, as and where appropriate. (Note this is excluded from the total
word count.)
Note: The report should be grounded on relevant literature, and all references must be cited
appropriately and included in the reference list.
Assessment Design – Adapted Harvard Referencing
Holmes will be implementing as a pilot program a revised Harvard approach to referencing.
The following guidelines apply:
1. Reference sources in assignments are limited to sources which provide full text
access to the source’s content for lecturers and markers.
2. The Reference list should be located on a separate page at the end of the essay and
titled: References.
3. It should include the details of all the in-text citations, arranged alphabetically A-Z
by author surname. In addition, it MUST include a hyperlink to the full text of the
cited reference source.
For example;
HI5019 T2 2021 Assessment 1: Individual Assignment Page 6 of 9
P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journal of
Information Systems Education, Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf
4. All assignments will require additional in-text reference details which will consist of
the surname of the author/authors or name of the authoring body, year of
publication, page number of content, paragraph where the content can be found.
For example;
“The company decided to implement a enterprise wide data warehouse business
intelligence strategies (Hawking et al, 2004, p3(4)).”
Non Adherence to Referencing Guidelines
Where students do not follow the above guidelines:
1. Students who submit assignments which do not comply with the guidelines will be
asked to resubmit their assignments.
2. Late penalties will apply, as per the Student Handbook each day, after the student/s
have been notified of the resubmission requirements.
3. Students who comply with guidelines and the citations are “fake” will be reported
for academic misconduct.
Marking Criteria
Marking criteria
Weighting in
Total Grades
Discuss the given statement in the light of existing revenue cycle of XYZ
Limited.
4%
The potential internal control weaknesses in the SOP and CRP of XYZ
Limited.
4%
The potential risks associated with the internal control weaknesses in
the SOP and CRP of XYZ Limited.
4%
The potential frauds in the SOP and CRP of XYZ Limited.
4%
Presentation and Referencing.
4%
TOTAL Weight
20%
HI5019 T2 2021 Assessment 1: Individual Assignment Page 7 of 9
Marking Rubric
Excellent
Very Good
Good
Satisfactory
Unsatisfactory
(80-100%)
(70-79%)
(60-69%)
(50-59%)
(0-49%)
Discuss the given
statement in the light
of existing revenue
cycle of XYZ Limited.
[4 Marks]
Present an excellent
discussion on the the
given statement in the
light of existing
revenue cycle of XYZ
Limited.
Present a very good
discussion on the the
given statement in the
light of existing
revenue cycle of XYZ
Limited.
Present a good
discussion on the the
given statement in the
light of existing
revenue cycle of XYZ
Limited.
Present a reasonable
discussion on the the
given statement in the
light of existing
revenue cycle of XYZ
Limited.
Present a weak or
inadequate discussion
on the the given
statement in the light
of existing revenue
cycle of XYZ Limited.
The potential internal
control weaknesses in
the SOP and CRP of
XYZ Limited. [4
Marks]
Correctly identify all
the potential internal
control weaknesses in
the SOP and CRP of
XYZ Limited.
Correctly identify most
of the potential
internal control
weaknesses in the SOP
and CRP of XYZ
Limited.
Correctly identify
some of the potential
internal control
weaknesses in the SOP
and CRP of XYZ
Limited.
Correctly identify one
to two potential
internal control
weaknesses in the SOP
and CRP of XYZ
Limited.
Fail to identify the
potential internal
control weaknesses in
the SOP and CRP of
XYZ Limited.
The potential risks
associated with the
internal control
weaknesses in the SOP
and CRP of XYZ
Limited. [4 Marks]
Correctly identify all
the potential risks
associated with the
internal control
weaknesses in the SOP
and CRP of XYZ
Limited.
Correctly identify most
of the potential risks
associated with the
internal control
weaknesses in the SOP
and CRP of XYZ
Limited.
Correctly identify
some of the potential
risks associated with
the internal control
weaknesses in the SOP
and CRP of XYZ
Limited.
Correctly identify one
to two potential risks
associated with the
internal control
weaknesses in the SOP
and CRP of XYZ
Limited.
Fail to identify the
potential risks
associated with the
internal control
weaknesses in the SOP
and CRP of XYZ
Limited.
The frauds possible in
the SOP and CRP of
XYZ Limited. [4
Marks]
Correctly identify all
the frauds possible in
the SOP and CRP of
XYZ Limited.
Correctly identify most
of the frauds possible
in the SOP and CRP of
XYZ Limited.
Correctly identify
some of the frauds
possible in the SOP
and CRP of XYZ
Limited.
Correctly identify one
to two frauds possible
in the SOP and CRP of
XYZ Limited.
Fail to identify the
frauds possible in the
SOP and CRP of XYZ
Limited.
Presentation and
Referencing. [4 Marks]
An extensive amount
of high-quality
evidence from peer
reviewed journal
articles and other
A broad range of
quality peer-reviewed
journal references and
other sources was
included and used
An adequate range of
peer-reviewed journal
references was
included and used to
support discussion.
An adequate range of
peer-reviewed journal
references was
included and used to a
Little or no peer
reviewed journal
references were
included, and these
were rarely used to
HI5019 T2 2021 Assessment 1: Individual Assignment Page 8 of 9
sources was included
and used effectively to
support discussion.
effectively to support
discussion.
basic extent to support
discussion.
support discussion
effectively.
HI5019 T2 2021 Assessment 1: Individual Assignment
Page 9 of 9
Academic Integrity
Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic
Integrity is integral to maintaining academic quality and the reputation of Holmes’ graduates.
Accordingly, all assessment tasks need to comply with academic integrity guidelines. Table
1 identifies the six categories of Academic Integrity breaches. If you have any questions about
Academic Integrity issues related to your assessment tasks, please consult your lecturer or
tutor for relevant referencing guidelines and support resources. Many of these resources can
also be found through the Study Sills link on Blackboard.
Academic Integrity breaches are a serious offence punishable by penalties that may range
from deduction of marks, failure of the assessment task or unit involved, suspension of
course enrolment, or cancellation of course enrolment.
Table 1: Six categories of Academic Integrity breaches
Plagiarism
Reproducing the work of someone else without attribution.
When a student submits their own work on multiple
occasions this is known as self-plagiarism.
Collusion
Working with one or more other individuals to complete an
assignment, in a way that is not authorised.
Copying
Reproducing and submitting the work of another student,
with or without their knowledge. If a student fails to take
reasonable precautions to prevent their own original work
from being copied, this may also be considered an offence.
Impersonation
Falsely presenting oneself, or engaging someone else to
present as oneself, in an in-person examination.
Contract cheating
Contracting a third party to complete an assessment task,
generally in exchange for money or other manner of
payment.
Data fabrication and
falsification
Manipulating or inventing data with the intent of supporting
false conclusions, including manipulating images.
Source: INQAAHE, 2020

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