Accounting Information Systems Presentation

See Attached Word Document.

Your company, Swift Athletics is a publicly held, mid-sized manufacturer, with $20 million dollars in annual revenue. You produce high-end running shoes exclusively in the US. You are planning to sell your products internationally within the next two years. You operate in a lean environment, and your supplier monitors your raw materials needs, and shipments are made JIT.

Assume that you are the Chief Accounting Officer (CAO) for the company. The company is publicly held; therefore, it must follow all reporting requirements of the Securities and Exchange Commission (SEC).

The company is expanding rapidly and has outgrown its information system. You have been given the task of evaluating and recommending a viable accounting information system solution for the accounting and financial data. Your final proposal will be delivered to the Chief Executive Officer (CEO) and Chief Information Officer (CIO). You must be able to support your proposal with appropriate research.

Your company, Swift Athletics is a publicly held, mid-sized manufacturer, with $20 million dollars in
annual revenue. You produce high-end running shoes exclusively in the US. You are planning to sell your
products internationally within the next two years. You operate in a lean environment, and your supplier
monitors your raw materials needs, and shipments are made JIT.
Assume that you are the Chief Accounting Officer (CAO) for the company. The company is publicly held;
therefore, it must follow all reporting requirements of the Securities and Exchange Commission (SEC).
The company is expanding rapidly and has outgrown its information system. You have been given the task
of evaluating and recommending a viable accounting information system solution for the accounting and
financial data. Your final proposal will be delivered to the Chief Executive Officer (CEO) and Chief
Information Officer (CIO). You must be able to support your proposal with appropriate research
To complete this project:
1.
1) Articulate the value of an AIS and how it can be used to facilitate growth at Swift. Identify the
departments/functions of a manufacturer like Swift that will utilize the AIS, and how the
departments will interact.
2. 2) Prepare a summary that identifies the departments listed above, a weakness or threat for each
department, explanation of why the weakness exists, and the steps that you will implement in
your new system to address the weakness issues. Note: An example of a weakness or threat in the
general ledger and reporting system might be an unauthorized disclosure of financial statements.
Controls to respond to this weakness or threat include access controls and encryption. You may
wish to present this information in a table for your presentation.
3. 3) While the balanced scorecard is not a new concept, it does offer a framework allowing
managers to measure an enterprise’s performance from four categories: financial, customer,
business processes, and learning and growth. The balanced scorecard considers both financial
and nonfinancial measures. After researching the balanced scorecard, for each of the four
categories, identify at least one critical success factor for Swift to achieve shareholder value.
4. 4) As part of the planning process for your new accounting information system, you need to
prepare flowcharts. This graphic will present the flow of information through the accounting
cycles. Prepare flowcharts for at least two business departments/functions for Swift. Each
flowchart should be detailed, and have the right symbols for each process. Also, think your way
through the processes from beginning to end. For example, how is sales revenue defined, such as
when is it considered earned? The following are the business processes that you may elect to
address:
5. Sales
6. Purchasing
7. Production
8. Payroll
9. Please note that you will have two distinct flowcharts for this assignment. Be sure your
flowcharts are professionally presented and clearly labeled.
10. 5) What are the steps you will take to justify the new information system initiative? What must be
considered for Swift? How will you assess the financial implications? What is the impact on the
AIS of globalization and a multinational business presence?
11. 6) How will appropriate and effective use of technology for managing the accounting and
financial information flows and presentation be affected?
12. 7) Evaluate the threats and risks associated with the accounting information system for Swift.
Prepare a PowerPoint presentation along with an executive summary to be delivered to the CEO and CIO
which includes the information in 1-7 above. Be creative in your slides by incorporating charts, graphs,
and/or artwork. Your PowerPoint presentation should begin with an introduction as to why the project is
being considered, and conclude with the value of the project. Audio is not required for this presentation to
be sure to include detailed notes where needed. Include an APA formatted reference slide and in-text
citing where appropriate.