new accounting system

Aug 28th, 2014
Sigchi4life
Category:
Computer Science
Price: $30 USD

Question description

Especially for You Jewelers is a small jewelry company in a college town. Over the last couple of years, it has experienced a tremendous increase in its business. However, its financial performance has not kept pace with its growth. The current system, which is partly manual and partly automated, doesn’t track accounts receivables sufficiently, and the company is finding it difficult to determine the reasons why the receivables are so high. The company runs frequent specials to attract customers but has no idea whether these efforts are profitable or if the benefit—if there is one—comes from associated sales. Especially for You Jewelers wants to increase repeat sales to its existing customers; thus, it needs to develop a customer database. It also wants to install a new direct sales and accounting system to help solve the outlined problems. The new direct sales and accounting system for Especially for You Jewelers will be an important element in the growth and success of the jewelry company. The direct sales portion must track every sale, be able to link to the inventory system for cost data, and provide a daily profit and loss report. The customer database must be able to produce purchase histories to assist management in preparing special mailings and special sales to existing customers. Detailed credit balances and aged accounts for each customer would help to solve the problem with the high balance of accounts receivables. Special notice letters and credit history reports would help management reduce accounts receivable. Write a six to eight (6-8) page paper in which you: 1. Suggest at least five (5) expected business benefits that Especially for You Jewelers company might derive from a new system. Provide a rationale for your suggestions. 2. Propose at least five (5) system capabilities for the company. Provide a rationale for your proposals. 3. Ascertain the three (3) possible scenarios in this new direct sales and accounting system. 4. Using Microsoft Visio or an open source alternative such as Dia, develop an activity diagram for each scenario that you have identified. Note: The graphically depicted solution may not exceed one (1) page per diagram. Provide a narrative that gives an overview of your diagram. 5. Using Microsoft Visio or an open source alternative such as Dia, complete a fully-developed use case description for each scenario identified. Note: The graphically depicted solution may not exceed one (1) page per diagram. 6. Develop a system vision document for Especially for You Jewelers, detailing the overall vision or plan for the new direct sales and accounting system. A vision document generally contains: a. Introduction b. Business needs / requirements c. Product / solution overview d. Major features e. Scope and limitations f. Other needs 7. Use at least three (3) quality resources outside of the suggested resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UT Austin
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
darnay
Dec 3rd, 2016
" The best tutor out there!!!! "
dontuwannaknow
Nov 24th, 2016
" Excellent work as always thanks so much "
SjSurvivor143
Nov 10th, 2016
" Thanks for the help. "
ddg82
Nov 1st, 2016
" Thanks, good work "
tinytim47
Oct 19th, 2016
" Wow this is really good.... didn't expect it. Sweet!!!! "
jestin7
Oct 10th, 2016
" This tutor is great! "
mixedballz
Oct 5th, 2016
" excellent work as always thanks for the help "
lilmoe415
Sep 26th, 2016
" Thank you, Thank you, for top quality work, this is your guy!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors