Student Number: (enter on the line below)

Student Name: (enter on the line below)

HA2042
ACCOUNTING INFORMATION SYSTEMS
FINAL ASSESSMENT: TUTORIAL QUESTIONS ASSIGNMENT
TRIMESTER 1, 2021

Assessment Weight: 50 total marks

Instructions:
 All questions must be answered by using the answer boxes provided in this paper.
 Completed answers must be submitted to Blackboard by the published due date
and time.

Submission instructions are at the end of this paper.

Purpose:
This assessment consists of six (6) questions and is designed to assess your level of
knowledge of the key topics covered in this unit

HA2042 Final Assessment T1 2021

 Assessment Design – Adapted Harvard Referencing
Holmes has been implementing as a pilot program using a revised/adapted Harvard
approach to referencing. The following guidelines apply:
 Reference sources in assignments are limited to sources which provide full text
access to the source’s content for lecturers and markers.
 The Reference list should be located on a separate page at the end of the essay
and titled: References.
 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;
P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journal of
Information Systems Education, Fall, 
http://jise.org/Volume15/n3/JISEv15n3p327.pdf
 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 contents, paragraph where the content can be
found.
For example;
“The company decided to implement an 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
referencing guidelines will receive a 10% penalty. 
2. Students who submit assignments in which the citations are “fake” will be
reported for academic misconduct.

HA2042 Final Assessment T1 2021

Question 1 (07 marks)
Some accounting students believe that they do not need to study information systems to be good
accountants. What are the disadvantages of this point of view? What are the advantages of
accountants being involved in designing and preparing reports that measure more than just
financial performance?

ANSWER: ** Answer box will enlarge as you type

Question 2 (11 marks)

The given system flowchart (as in Figure 1) presents different business activities and data
processing operations involved in the revenue cycle.
(a) Describe at least five (05) control weaknesses depicted in the system flowchart. (05
marks)
(b) Discuss the risks associated with the control weaknesses in identified in (a). (06 marks)

ANSWER:

HA2042 Final Assessment T1 2021

Figure 1 System Flowchart for Questi on 2
HA2042 Final Assessment T1 2021
Question 3 (07 marks)
What internal control procedure(s) would be most effective in preventing the following errors or
fraudulent acts?
(a) Productivity during the first 15 minutes and the last 15 minutes of every shift was found to
be much lower than the productivity during the remainder of the shift. Employees indicated
that there was often a bottleneck at the time clock, which caused them to waste time. (3.5
marks)
(b) A retired employee was not removed as current employee from the payroll master file. The
retired employee’s payment method was changed to EFT and the banking details updated to
reflect that of a payroll clerks’ friend. (3.5 marks)

ANSWER:

Question 4 (07 marks)

The trial balance lists the balances for all general ledger accounts. If all activities have been
properly recorded, the total of all debit balances in various accounts should equal the total of all
credit balances. If they don’t, a posting error has occurred.
(a) How can one detect such an error? (4.5 marks)
(b) Support your answer with an example. (2.5 marks)

ANSWER:

Question 5 (11 marks)

Computer crimes/ cybercrime exist in many shapes and sizes such as identity theft, online scams
or credit application fraud. Resulting from many cases reported in news papers, people tend to
think that these fraudulent acts are mainly caused by those who are not working in impacted
firms (i.e. external people). In fact, internal stakeholders also create serious computer frauds.
Therefore, at the management level, you will need to take these issues into consideration and
consequently incorporate into relevant fraud management policies.
Required:
(a) Explain how each of the following five types of fraud is committed: (1) Input
manipulation, (2) Program alteration, (3) File alteration, (4) Data theft and (5) Sabotage.

HA2042 Final Assessment T1 2021

 (5.5 marks)
(b) Identify a different method of protection for each and describe how it works. (5.5 marks)

ANSWER:

Question 6 (07 marks)

XYZMart is a grocery store, currently uses a manual system to manage everything: from ordering
inventory to handling sales. As a management consultant, you are invited to provide them advice
regarding the implementation of an accounting information system. As parts of the consulting
package, you are asked by them to provide an explanation of the process that will be used to
design and implement a new accounting information system at XYZMart while taking into
account that there current system is a completely manual system.

ANSWER:

END OF FINAL ASSESSMENT

Submission instructions:
 Save submission with your STUDENT ID NUMBER and UNIT CODE e.g. EMV54897
HA2042.
 Submission must be in MICROSOFT WORD FORMAT ONLY.
 Upload your submission to the appropriate link on Blackboard.
 Only one submission is accepted. Please ensure your submission is the correct
document.
 All submissions are automatically passed through SafeAssign to assess academic integrity.

HA2042 Final Assessment T1 2021