College of Administrative and Financial Sciences
Assignment 3
Deadline: (End of Week 12) 21 /11/ 2020 @ 23:59
| Course Name:
Accounting Information System |
Student’s Name: |
| Course Code: ACCT 402 | Student’s ID Number: |
| Semester: I | CRN: |
| Academic Year: 1441/1442 H | |
For Instructor’s Use only
| Instructor’s Name: | |
| Students’ Grade: …… /5 | Level of Marks: High/Middle/Low |
Answers
Question One
Purchasing at inflated price refers to an increase of a standardized product/service price over a given period especially one year. Price inflation is measured by consumer price index. For example, increase in price of construction materials with decreasing quantity is example of price inflation. Unreliable suppliers are business partners who deliver an amount that is strictly less the agreed value and quantity (Hu & Kostamis, 2014). For example, delivery of one hundred pieces of steel as opposed to one hundred and fifty is an example of unreliable supplier. Kickbacks refer to a negotiated bribery where there is payment of a commission to an individual taking a bribe in exchange for services and products. Payment of $1000 in exchange for a business contract amounts to it being a kickback.
Question Two
Poor design is a common production threat that can be addressed by use of right data components, repair of the associated production costs and also comprehensive analysis of the product warranty. Over or under production can be curbed by making right sales forecast, investment in production planning metrics, limited access to production programs and ensuring that there is validity in checks on all production orders. Sup-optimal investment production fixed assets can be avoided by embracing culture of competitive placement of bids and rightful transactions of all fixed assets.
Question Three
Amazon.com Inc. is one of the multinational tech companies with best payroll systems. The human resource department electronically house employee data and used by the payroll system to calculate salary, application status and deductions. Employee section of the payroll systems contains details such as docket, job scale of an organizational payroll system. The payroll system has bank details of each and every employee for effective and timely processing of salaries and other remunerations. Government agencies under payroll system contain relevant information such as current health care providers and accident insurance providers. Automated payroll system is essential for enhancing organizational performance (Banach, 2019).
References
Banach, M. (2019). Human Resources & Payroll Systems.
Hu, B. & Kostamis, D. (2014). Managing Supply Decisions when Sourcing from Reliable and Unreliable Suppliers. Production and Operations Management Volume 24 Issue 5. doi: 10.1111/poms.12293