Project 1: Production Cycle
• Describe the major business activities and related information processing operations performed in the production cycle.
• Identify major threats in the production cycle and evaluate the adequacy of various control procedures for dealing with those threats.
• Explain how a company’s cost accounting system can help it achieve its manufacturing goals.
• Discuss the key decisions that must be made in the production cycle and identify the information required to make those decisions.
Project 2: Revenue Cycle
• What are the basic business activities and data processing operations that are performed in the revenue cycle?
• What decisions need to be made in the revenue cycle, and what information is needed to make these decisions?
• What are the major threats in the revenue cycle and the controls related to those threats?
Project 3: Expenditure Cycle
• Explain the basic business activities and related information processing operations
performed in the expenditure cycle.
• Discuss the key decisions to be made in the expenditure cycle, and identify the information needed to make those decisions.
• Identify major threats in the expenditure cycle, and evaluate the adequacy of various control procedures for dealing with those threats.
Project 4: HR or Payroll Cycle
• Describe the major business activities and related information processing operations performed in the human resources management (HRM)/payroll cycle.
• Discuss the key decisions to be made in the HRM/payroll cycle and identify the
information needed to make those decisions.
• Identify the major threats in the HRM/payroll cycle and evaluate the adequacy of various internal control procedures for dealing with them.
Project 5: General Ledger and Reporting System
• Describe the information processing operations required to update the general ledger and to produce reports for internal and external users.
• Identify the major threats in the general ledger and reporting activities and evaluate the adequacy of various control procedures for dealing with them.
• Understand the implications of new IT developments and changes in external reporting requirements, such as IFRS, for the design and operation of the general ledger and reporting system.
• Discuss how tools like responsibility accounting, balanced scorecards, and graphs can be used to provide information managers need to effectively monitor performance.