Hardware and Software Essay

A port to make the taxation cycle eviscerate smoothly is by integrating hardw be and softw atomic number 18 outline to assist in the apparatus of the various systems. This setup would make it easier for Riordan Manufacturing to adit their fiscal schooling. We will handle what hardware and software is learned, and will go on to identify who accesses this information. Another flying field to cover is the accommodates that need to be implemented based around the be procedures, and what information should be available through the unified net profit and intranet.Examining Hardware and SoftwareTo integrate cost of goods exchange into the chronicle military operation Riordan Manufacturing would need a system to work for all locations. Currently, the three locations pay back divergent systems. It would require software that is compatible for all locations as well. At the present time, each location mappings variant software as well.Information Shared amid Different Cyc les integrity source of information to be shared would be the balance sheet. It highlights the companys assets, liabilities, and stockholders equity. Another source of information to share is the income statement. The crack-up of revenue and expenses appear on this statement. The final results arrogate net profit or net loss. rile to Information man integrating this method of accounting process into an automated system there should be altogether a select few people who have access to the information contained in the selective informationbase. Those people would take on the entropybase designer, the people or persons installing the hardware or software and database management. The database designer would need access to the information for obvious reasons along with the persons installing the hardware or software. Database management would need access to the information to attend that the information is being installed correctly and to insure demote of security is not an issue . When creating a database, there should be as few people as come-at-able that have access to the information. That way information contained in the database tin be kept as untouchable as possible.Internal ControlsThe national controls unavoidable for the revenue cyclespecifi annunciatey pluging with cost of goods interchange are similar to other accounting ranges. The introductory set of subjective controls deal with whom has access to the accounting information system. The set of controls that deal with issues of security in the system and are embedded into the system are called IT general controls (Bagranoff 2008). IT general controls deal with whom is authorized to access and change data files. One of the general controls required for the companys system would be confine access to programs. The control would prevent unauthorized ad hominem from changing anything in the program.The second area of native controls or application controls deals with transactions. Applic ation controls can be divided in three parts scuttlebutt control, processing controls, and output controls (Bagranoff 2008). These three areas of control deal with data input, processing data and the news reporting of treat data. Application controls are vital to ensuring accuracy and genuineness of the data.Two common input internal controls that would be required are feedback mechanism and edit tests. special internal controls can be added to better service the input processes. Processing data controls deals with the data after(prenominal) input. The first internal control needed is an inspect trail. This control foregos a person to follow the passage the data has taken and will take.The second area is file control which ensures the integrity of the file. The final meter in application control is the output controls. One area of concern in this area is control of company forms. In the area of revenue specifically cost of goods sold the forms that should be managed are procure bon tons and stock-take control sheets.Reports GeneratedIT is currently being utilise to maintenance finance and accounting decisions, inventory control, and logistics. While it is apparent that the inventory methods in use are effective, there is room for improvement. Documenting the receipt of raw materials and exile of manufactured items is done using paper invoices. IT can be applied to this process to achieve amore contourd approach.One way to streamline the process is to automate the receipt of raw materials so that necessary inventory data is automatically entered into the inventory system as raw materials are received, sooner of take careing for clerks to input this data manually. Using turn out code scanner technology to input this data would be a more efficient and would subordinate errors. A similar process could be use for outbound shipping of finished products. Integrating blackball code technology with Riordans existing database would allow manageme nt to receive real-time inventory data on raw materials received and manufactured products shipped. reservation the data available in real-time, instead of having to wait for data entry clerks to manually input the data, would nurture enhance the business intelligence (BI) necessary to support both operational and strategic decision-making.Intranet or net incomeAs a way to make the accounting process easier for all involved, Riordan Manufacturing must brainstorm on how to offer up information through the corporate intranet or Internet. In order to decide on where to distinguish information, some detail on the meaning of the intranet and Internet is provided.The intranet is for internal communications purposes. These computer networks use the uniform software as the Internet, but are internal to the organization that created them (Bagranoff, 2008, p. 7).The Internet is a collection of topical anaesthetic and wide area networks that are now machine- brotherly together via the Internet backbone that is, the main electronic connections of the system (Bagranoff, 2008, p. 5).A good way to use the intranet would be to have all locations connected. This in kick the bucket would allow all information to be accessible to each location. At the same time, it saves time move to get information forwarded to corporate. The intranet could be used to translate updates on key issues relating to the accounting process as well.The Internet is a good place to provide customers with information on the history of Riordan Manufacturing. Another area of interest is listing some information on the products that are being sold. Listing a surround number with a contact for the customer to call regarding issues is a good idea as well. stopping pointWith the hardware and software implemented and having good internal controls over the accounting information will help to have more consistent and more finished financial reports. The revenue cycle is an important fixings in runn ing the business from the time an order invoices to the time the order is collected. Being able to report quicker and faster on internal financial reports will even give the business a quick glance of how they are doing from week-to-week or monthly so they know what they need to work on, or even if they need to make a purchase. This way the business will always know where they patronise on their financials.ReferenceBagranoff, N. A., Simkin, M. G., and Strand, C. (2008). Core Concepts of AccountingInformation Systems (10th ed.). Electronic Version. New York Wiley. Retrieved July 10, 2008 from University of capital of Arizona, ACC/340, imaging Web site https//mycampus.phoenix.edu/login.aspBagranoff, N. A. (2008). Accounting on the Internet. University of Phoenix CustomEdition e-text.John Wiley & Sons, Inc. Retrieved July 12, 2008, from University ofPhoenix, ACC340 Web site.