Cbfs4203 Accounting Information System Assessment Answer

The company will need a structured accounting information system as soon as possible. In order to do that, a standard operating procedure (SOP) needs to be created first as the based. Your task is to create a SOP document for the company’s main business cycle as below: i) Revenue ii) Expenditure iii) Conversion You may suggest the activities involve in each cycle. For each cycle, prepare the following: a) Introduction to the business cycle and list TWO activities in the cycle. b) Draw a SOP process or work flow diagram for each listed activity (you need to use flowchart diagrams that shows how the process starts and ends). c) Control elements that need to be implemented for each activity in the cycle. (Note : Please refer to rubric for detail requirements)

REQUIREMENT
S&M Electrical Trading Sdn Bhd is a new established company that sells electrical home appliances. You have just joined them as the General Manager. Since the company is still new, there are no standard procedure especially in dealing with the business and accounting activities. All staff has been performing their job based on their own logical perception. This will soon create a problem in the future since there is no standard to control from the start.

The company will need a structured accounting information system as soon as possible. In order to do that, a standard operating procedure (SOP) needs to be created first as the based. Your task is to create a SOP document for the company’s main business cycle as below:
i)Revenue
ii)Expenditure
iii)Conversion

You may suggest the activities involve in each cycle. For each cycle, prepare the following:
a)Introduction to the business cycle and list TWO activities in the cycle.
b)Draw a SOP process or work flow diagram for each listed activity (you need to use flowchart diagrams that shows how the process starts and ends).
c)Control elements that need to be implemented for each activity in the cycle.