Accounting information systems.

 Page 1 An auditor’s characteristic of professional skepticism is most closely associated with which ethical principle of the AICPA Code of Professional Conduct? Page 2 The attached document discusses 12 ways that a distributor (a company that sells to other companies that “distribute” their products) can increase their profits through adding automation. All of these companies are using Great Plains, the software we are learning. Review the attached article and identify the item assigned to you using the chart below: Part A: For the item assigned to you, report on the item added to Dynamics Great Plains that is proposed to Increase Profits. Use a Business Report Format as follows: I. Background (Describe the background and specifically what issue exists) II. Describe the improvement proposed or implemented by the company III. Do additional research on what is proposed and describe what other companies have done to address this issue IV. Describe how this addition improved the revenue and profitability of the company. V. Conclusion and Recommendations: Was this a worthwhile addition. Did the increased revenues exceed the cost. What was the long term outcome. Is this something similar companies should consider? Page 3 If you like puzzles you will like this this discussion. For this week we are going to review the flowchart that is found on page 365 and we are going to complete together the assignment. You will be responsible for one answer but I encourage you to work through the whole assignment and try to answer each question. This will help you understand the concepts in a flowchart. Suggestions: • I strongly suggest that you get together with other classmates and try to work on this together. • Review other completed flowcharts in Chapter 9 for help. • See the list of Flowchart Symbols on page 555 • Start by identifying what the symbol means – for example 1 is a document (Approved Purchase Requisition) and it moves to the shape for 1. which is a manual process. What kind of manual process would follow after a purchase requisition is approved? That is the answer to 1. • Notice the the numbers you should answer are the numbers followed by a period. IE 1. or 2. and not 1 or 2 • It will also help you study for the exam and more importantly help you understand how to read a flowchart. Please explain your symbol and explain when you chose the answer that you did. How you explain and develop your answer will be as important as getting the right answer. Please have “your answer” completed and posted by Sunday at Midnight. Answer the questions based on your Great Plains login number. IE – .001 answers question 1, .002 answers question 2, etc. One of the most critical controls to prevent theft of inventory purchased is to b. segregate inventory custody from inventory record keeping. Each of the remaining options are good internal controls, but not all of them help deter theft of inventory. The best control to prevent theft of inventory is to segregate custody from record keeping. Segregating these makes it much more difficult for a person to steal inventory and alter inventory records. Page 4 In 2018, companies are no longer looking to processes financial statements only, but instead they are seeking extensive data analytics and metrics to properly analyze a company’s performance. Corporate Performance Management is a term that describes financial reporting and data analytics systems that help companies to analyze how they are performing as compared to benchmarks. CPM includes • Budgeting • Forecasting • Actual Financial Statements and Outcomes • Budget to Forecast to Actual comparisons • Other Relevant Data Analytics Read the following two articles and comment on • Features of a CPM system • Why CPM is beneficial to companies • Why CPM is more beneficial than traditional financial statements that report prior historical outcomes. Page 5 (Attached Big Data analytic article) Read the attached articles that compares the major ERP vendors Comment on two points in this article that would be noteworthy if you were considering a new ERP system at your company. Which product would you recommend, based on this article? Support your answer. You won’t see the replies of your classmates until after you post your first post. Use the business report format to present your answer.