Question12

Anonymous
timer Asked: Nov 22nd, 2016

Question description

just solve task 1 AND 2

COLLEGE OF BANKING AND FINANCIAL STUDIES DEPARTMENT OF PROFESSIONAL STUDIES Assignment front sheet Assignment - 1 Qualification Unit number and title Pearson BTEC Level 5 HND Diploma in Business HND-A&F2: Management information System Semester Batch III Fall 2016-17 Student name Assessor name Ms. Priya Gopal Student No. Internal Verifier (IV) name Dr Omer Ali Ibrahim Date issued Completion date 5/10/2016 22/11/2016 Assignment title Identifying information needs within different functional areas and using Accounting Information System Learning Outcome LO1 Learning outcome Analyse information needs within different functional areas Using LO3 Accounting information systems to produce management Information Assessment Criteria Submitted on In this assessment you will have the opportunity to present evidence that shows you are able to: Task Evidence no. (Page no) 1.1 Identify input output and processing requirement of functional areas. 1 1.2 Ascertain the relationship between different functional areas of an organisation. 2 3.1 3.2 3.3 Understand Installation process of Accounting Information system available in the market. Use an Accounting Information System to generate valid, accurate and useful information for a given problem Evaluate alternative methods of solving the problem 3 4 5 Learner declaration I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. Student signature: Date: In addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and DISTINCTION grades Grade Descriptor M1 Identify and apply strategies to find appropriate solutions M2 Select / design and apply appropriate methods / techniques Indicative characteristic/s Contextualisation To achieve M1, you will make effective judgements in identifying the type of Effective judgements have been leger accounts based on the transaction details given in (Task 4). You need to record all transactions correctly and show in detail how each transaction can made. be stored by using Tally.ERP 9. You will have to use appropriate methods to record the business transactions using Tally.ERP 9 (Task 3) A range of methods and To achieve M2, you will have used a range of methods and techniques to techniques have been applied explore the functional areas and needs to discuss the information flow Appropriate learning methods/techniques have been applied between the functional areas specific to the organisation selected. Use a range of sources to present the information. (Task 2). The appropriate structure and approach has been used To achieve M3, you will have used appropriate structure and approach in presenting the core four functional areas specific to the organisation selected. You need to present the information in logical sequence (Task 1). To achieve M3, you need to demonstrate the use of advanced financial features in Ms Excel (task 5) D1 Use critical reflection to evaluate own work and justify valid conclusions Conclusions have been arrived at through synthesis of ideas and have been justified To achieve D1, you will have to write conclusions based on the reports generated from Tally.ERP 9(Task 4) D2 Take responsibility for managing and organising activities Activities have been managed To achieve D2, you will have to manage all the activities effectively in Tally.ERP 9(Task 4) Effective thinking has taken place in unfamiliar contexts. To achieve D3, you have to demonstrate effective /convergent thinking by identifying the advanced features of Ms Excel and evaluating them (Task 5) M3 Present and communicate appropriate findings D3 Demonstrate convergent /lateral / creative thinking Assignment Brief Purpose of this assignment Learner will gain an understanding of the information requirements with data processing needs in an organization. Learner will get an opportunity to get hands-on-training of Accounting Information and general purpose software to resolve real world reporting issues. Case Study OASIS WATER COMPANY LLC Oasis Water Company LLC was established in 1994 to produce and supply healthy, pure drinking water. Backed with a well-established distribution network, it provides door-to-door service, making the brand easily accessible. It has branch offices in Salalah and on the Batinah coast, and is supported by depots in the Sharqiyah, Dhahirah and Dakhiliya regions. Oasis Water Company is the leading manufacturer of pure drinking water with its flagship brand “Oman Oasis” whose products are known for its quality and pleasant taste. Available in 5 gallons and 6 litres, the Company rebranded “Oman Oasis” drinking water in 2009 and launched it in 200ml, 500ml, 1.5lit, 2 litre bottles & 5 gallon non-returnable bottle backed by a full-fledged multi-media advertising and marketing campaign. The brand is the market leader in both bulk and retail pack categories and is known for its unique pleasant taste. In addition, “Oxiplus”, which has 300% more oxygen than normal drinking water for energy and vitality, was introduced for the first time in the region! http://www.zubaircorp.com/Manufacturing_OasisWaterCompany.aspx Select the organisation Oasis Water Company and answer the following tasks specific to the organisation. Task 1 – LO1 - Assessment Criteria 1.1 (M3): Identify functional areas in Oasis Water Company and analyse inputs, process, and output requirements for minimum four functional areas’ processes. To achieve pass you must;    Provide a brief introduction about the organisation and its functional areas Identify the core functional areas specific to the organisation. Identify the input, process and output requirements for the functional areas selected. To achieve M3, Choose core processes of four functional areas, arrange all tasks related to the chosen processes in logical sequence use technical language accurately to describe the tasks. Use structured methods of information presentation. Task 2 – LO1 - Assessment Criteria 1.2 (M2, D3): Ascertain the relationship between different functional areas of the selected organisation (Oasis Water Company). To achieve pass you must;  Ascertain the relationships between the functional areas of the selected organisation in task 1 by using flow diagram To achieve M2, Select at least 2 tasks related to each functional area (Total 8 tasks) and discuss flow of information among the functional areas to conduct those tasks. Use a range of sources of information. To achieve D3, Select complex tasks, show comprehensive understanding in information flow, and make appropriate diagrams to present the flow of information, provide references. Effective thinking has shown in flow of information. Task 3 – LO3 - Assessment Criteria 3.1 (M1) Understand Installation process of Accounting Information system available in the market. Assume you have started your own shop at Ruwi in the month of November to sell computers’ components. To keep track of the inventory and the financial transactions of your business, you have decided to use Tally.ERP 9. For this purpose you need to perform the following tasks: To achieve pass you must; a) Write hardware and software requirements for Tally ERP 9 b) Prepare document which contains screen shots of installation process reflecting your understanding of all necessary steps involved in the installation of Tally. c) Setup a company under your name to record the business transactions. Make sure your company complies with Oman statutory regulations To achieve M1, make effective judgement on the use of appropriate hardware/software to show all necessary steps involved in the above mentioned tasks and provide appropriate description of each step Task 4 – LO3 - Assessment Criteria 3.2 (M1,D1,D2): Use an Accounting Information System to generate valid, accurate and useful information for a given problem. To achieve pass you must; a. Create the necessary Ledger accounts by using Tally ERP 9 and record the following transactions in Tally.ERP9. While recording the transaction take screen print of each transaction and paste them in MSWord document for evidence. Note: In the following transactions I. S1, S2, S3 and S4 represent the sundry creditors of your company, in place of them write names of the computer suppliers/dealers exist in the market near your residence and while creating the ledger account for them, provide full address and other details required to store in Tally.ERP 9. II. C1,C2, and C3 represent the sundry debtors of your company, in place of them write names of your three friends who are not studying in your class and while creating the ledger accounts for them provide the full detail required to store in Tally.ERP 9. S.No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 b. Transaction On November 1,2016: You have invested 85000 R.O capital in the business On November 3,2016: Bought furniture for cash R.O 4500 On November 4,2016: Purchased 420 CPUs from S1 at R.O 120 per unit on credit On November 5,2016: Purchased 140 Monitors from S2 at R.O 50 each on credit On November 6,2016: Purchased 180 Keyboards from S3 at R.O 7.500 each on credit On November 7,2016: Purchased 200 mouse from S4 at R.O 1.5 each on credit On November 8,2016: Sold 55 CPUs to C1 at R.O 350 each On November 9,2016: Sold 35 CPUs to C2 @ 340 each On November 10,2016: 16 CPUs returned to S1 On November 11,2016: R.O 4200 Cash Received from C1 On November 12,2016: R.O 5600 Cash Received from C2 On November 13,2016: Sold 4 CPUs to C3 @ 390 each On November 14,2016: Sold 14 CPUs to C1 at R.O 355 each On November 15,2016: Sold 6 CPUs to C2 @ 362 each On November 16,2016: R.O 600 Cash Received from C1 On November 17,2016: 4 Monitors returned to S2 On November 18,2016: Sold 2 CPUs to C3 @ 270 each On November 18,2016: R.O 275 Cash Received from C1 On November 18,2016: R.O 190 Cash Received from C2 On November 19,2016: R.O 850 Cash Paid to S1 On November 19,2016: R.O 700 Cash Paid to S2 On November 19,2016: 3 CPUs returned by C2 On November 25,2016: R.O 700 Cash Received from C3 On November 27,2016: R.O 290 Electricity bill paid After recording all the transactions take print of the Day Book, Balance Sheet, Profit and Loss and the Trial Balance and analyze the information shown in the reports (Suggested 600-900 Words) To achieve M1, record all transactions correctly in appropriate sequence and show each step in your assignment. D1: Write conclusions to prove the accuracy of Day book, Balance sheet, Profit and Loss and Trial Balance reports. D2: Demonstrate all activities have been managed well. Task 5 – LO3 - Assessment Criteria 3.3 (M3, D3): Evaluate alternative methods of solving the problem To achieve pass ; MS Excel is being used commonly in managing account, inventory, payroll etc. Evaluate at least three features of MS Excel as an alternative method which can help in managing financial matters. To achieve M3, describe three advanced features of MS Excel, demonstrate the use of those features effectively to deal with financial matters, provide diagrams with appropriate details. To achieve D3, provide suitable examples with valid comments. Effective thinking has demonstrated in evaluating the features. Evidence checklist Summary of evidence required by student Task 1 Identify input, process and output requirements for different functional areas for the selected the organisation. Task 2 Determine the relationship between different functional areas with specific to the organisation. Task 3 Understand Installation process of Accounting Information system Tally ERP 9 Task 4 Use Tally ERP 9 to record the transactions and generate reports. Task 5 Evaluate the use of advanced financial features of Ms Excel. Evidence presented Guidance notes: 1. Use standard document formats and structures. 2. Word process the documents. 3. Use 12 point Arial or Times New Roman script. 4. Provide a list of references and use the Harvard referencing system. 5. Complete the title page and sign the statement of authenticity. 6. Upload the entire assignment in MS word format only on Turnitin. 7. Staple only once to keep the pages of your work together. 8. Late submission, late work will only be marked on the next occasion the unit is taught. 9. Submit the work along with the Turnitin report to the respective assessors in their offices. 10.Collect the assignment submission form duly signed by the assessor and the learner. 11.Grades are subject to External Verification. 12.Assignment length should not exceed 2500 words. Achievement Summary Qualification Unit Number and title Pearson BTEC Level 5 HND Diploma in Business Assessor name Ms. Priya Gopal HND-A&F2: Management information System IV name Dr Omer Ali Ibrahim Student Number Criteria Reference Student name To achieve the criteria the evidence must show that the student is able to: Achieved? (tick) LO1 1.1 Identify input output and processing requirement of functional areas. 1.2 Ascertain the relationship between different functional areas of an organisation. LO3 3.1 3.2 Understand Installation process of Accounting Information system available in the market. Use an Accounting Information System to generate valid, accurate and useful information for a given problem 3.3 Evaluate alternative methods of solving the problem Higher Grade achievements (where applicable) Grade descriptor M1: Identify and apply strategies to find appropriate solutions Achieved? (tick) Grade descriptor D1: Use critical reflection to evaluate own work and justify valid conclusions M2: Select/design and apply appropriate methods/techniques D2: Take managing activities M3: Present and appropriate findings D3: Demonstrate convergent/lateral /creative thinking communicate responsibility for and organising Achieved? (tick) Assignment Feedback Formative Feedback: Assessor to Student Action Plan Summative feedback Feedback: Student to Assessor Assessor Signature Date IV Signature Date Student Signature Date

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