Assignment: TACC603 – Accounting Information systems 1 TACC603 – Accounting Information systems Individual Assignment Semester 1, 2020 Total Marks: 20% of total marks for TACC603 Due date: Friday...

1 answer below »
I need this on 5th of June before 10 pm


Assignment: TACC603 – Accounting Information systems 1 TACC603 – Accounting Information systems Individual Assignment Semester 1, 2020 Total Marks: 20% of total marks for TACC603 Due date: Friday (11:55pm, Jun 5, 2020) in week 10 Soft copy (only) of the report must be submitted to Turnitin on Moodle. Assignment: TACC603 – Accounting Information systems 2 You are required to use the following case study and complete the tasks as per the description given below. Case: You and a few of your classmates decided to become entrepreneurs. You came up with a great idea for a new 3D scanning application that you think will make lots of money. Your business plan won first place in a local software competition and awarded you $10,000. You are using the $10,000 prize money to support yourselves as you start your company, but this amount will not be enough and you may need to explore other options to generate funds to help you develop the software application and have a successful business. Think through the business processes, key decisions, and information needs issues you may face. Complete the following tasks and submit your answers as a report. Make sure to follow the requirements and report structure mentioned below under a separate heading. Tasks: a. Identify the key decisions you need to make to be successful entrepreneurs, the information you need to make them, and the business processes you will need to engage in. b. Your company will need to exchange information with various external parties. Identify the external parties, and specify the information received from and sent to each of them. c. Identify the external sources of funding and how you will approach them. d. State and explain the security, legal and ethical issues that may arise from the development and use of the software application? Assignment: TACC603 – Accounting Information systems 3 Requirements & report structure Reference sources from general websites are not acceptable. At least six (6) credible references must be used and at least three (3) of these must be from academic (scholarly) journals. The remaining three (3) may be from industry magazines or books. The references can be from printed or online sources and must be current (i.e. within the last seven (7) years). You can use material from organisational web sites as an example to support your arguments but it is not counted towards the references’ quota (i.e., 6 references). You are to complete the tasks listed at the end of the case study and submit your answers as a report (3000 words, excluding executive summary and reference list). For report, create a WORD file to develop your report and include the following: Title page (no borders or frames, required details include a suitable report title, assignment title, your name, student number, course code and title, and due date) Executive summary (briefly describe the purpose of the report and the date on which it was requested, a brief summary of your major findings, conclusions, and recommendations.) Table of contents (use the feature in WORD for auto generated TOC, the headings ‘Title page’, ‘Executive summary’ and ‘Table of contents’ and also the individual headings on the title page should not appear in the table of contents that is generated.) Introduction (identify the purpose of the report and what you will be discussing within the report.) Discussion (This is the main body of the report, after ‘Introduction’ and before ‘Conclusion’ headings. This is where you will present the arguments for your recommendations. You will need to consider headings and sub‐headings, as many as your discussion requires, between ‘Introduction’ and ‘Conclusion’, using WORD heading styles to guide your discussion to answer the tasks listed for the case study. You will need to determine in which order you present your material. You should not include the tasks, but a discussion about those issues that have been highlighted in the tasks.) Conclusion (a very brief summary of your judgement) Recommendations (after discussion and analysis, state explicitly what your recommendations are) References, a complete reference list at the end of the report using Harvard referencing style Headers (only include as centred, and as right aligned) Footers (only include as left aligned, and as right aligned) Header and footer should start from the page containing ‘Introduction’ heading. Paragraph formatting (should be left aligned, single spaced and 6 pt space after each paragraph.) Assignment: TACC603 – Accounting Information systems 4 Headings and sub‐headings should not be in number or bullet style. ‘Title page’ ‘Executive summary’, and ‘Table of contents’ should be on separate pages. ‘Introduction’ heading should start from a new page and after that there should not be any white space (blank line spaces) between headings. ‘References’ heading should start on a new page and references should be in alphabetical order by authors. References, under the ‘References’ heading, should not be numbered or have bullets. Notes: In report, marks will be awarded based on content that constitutes your work in terms of argument development. Avoid discussing specific hardware and software requirements. Make any assumptions that you find necessary; however, be sure to state your assumptions within the report. There is no correct solution for the report. It is possible for students to make different recommendations. What is crucial is that the argument presented is logical and consistent, and clearly demonstrates that the organisation’s needs are met, and that the tasks, in the case, have been addressed. Note particularly: The work submitted must be in your own words. Lengthy quotes, even if referenced correctly, are not considered to be your own work Assignment: TACC603 – Accounting Information systems 5 Projects and Reports Rubric Assessment Criteria and Performance Standards for Report Assessment criteria Mark Performance Standard Low – Learning outcome not achieved Low but some evidence of attainment of required learning outcome Learning outcome achieved as required but some inaccuracies and errors Learning outcome achieved as required with very few inaccuracies or errors Exceptional attainment of learning outcome with additional outcomes and information provided Executive Summary and introduction /2 0 - 1 2 3 4 5 No clear executive summary and introduction provided Brief executive summary and introduction but incomplete and inaccurate Executive summary and introduction provided but could be more concise and clear Clear executive summary and introduction provided too wordy Clear, concise and well expressed executive summary and introduction provided Research and data collection /4 0 - 1 2 3 4 5 No evident research into the topic Some research evident but little quantifiable research presented Some research is evident but limited citations appropriate to context Adequate secondary and some primary research is evident with supporting data and citations appropriate to context Primary and secondary research and data collection is extensive with particularly insighGFul citations Critical thinking, analysis & synthesis /6 0 - 1 2 3 4 5 Very little or no evidence of understanding of the topic Some understanding of the topic evident but with little evidence of analysis Understanding of the topic evident – some critical thinking with analysis and synthesis of available literature Good understanding of the topic with evidence of critical thinking with deep analysis and synthesis of information Very high level of understanding of the topic with insighGFul evaluative comments and conclusions Conclusion and recommendation /4 0 - 1 2 3 4 5 No clear recommendatio n or conclusion Provided Brief conclusion and recommendation provided but not particularly clear or relevant Well summarised but not totally relevant to context Well summarised clear, relevant and concise conclusion & recommendation Exceptional conclusion & recommendation - clear, concise and insighGFul 0 - 1 2 3 4 5 Very poor Some evidence Structured Good structured Very good Assignment: TACC603 – Accounting Information systems 6 Report Structure, writing style & grammar /2 structure, of desired report with report with high structured with grammatical structure with average levels level of writing very high level of expression and low levels of of writing ability ability – clear writing ability spelling errors writing ability with some concise with no evident, simple spelling and expression with grammatical or expression with grammatical few grammatical spelling errors. many spelling and grammatical errors errors or spelling inaccuracies Referencing /2 0 - 1 2 3 4 5 None or few references, citations or appendices Some references but lacking in accuracy or proper use of a referencing style Appropriate references with use of appendices to support main report but some inaccuracies in the use of a referencing style Appropriate references with use of appendices to support main report; very few inaccuracies in the use of a referencing style References fully accurate and report supported by extensive use of appendices and go well beyond suggested by lecturer Total Marks and Feedback /20 Detailed Comments (these might be directly written on the hard copy or electronic copy Areas of improvement
accounting-information-system-aufuurmc.pdf
Answered Same DayMay 30, 2021TACC603

Answer To: Assignment: TACC603 – Accounting Information systems 1 TACC603 – Accounting Information systems...

Akash answered on Jun 03 2021
149 Votes
REPORT TITLE: _______________________
ASSIGNMENT TITLE: INDIVIDUAL ASSIGNMENT
NAME: _______________________
STUDENT NUMBER: _______________________
COURSE CODE AND TITLE: TACC603 ACCOUNTING INFORMATION SYSTEMS
DUE DATE: _______________________
Executive Summary
This report is based on a start-up idea of 3D scanning application. The business plan has been awarded an amount of $10,000 in the local software competition and founders wish to use the same for starting the operations of the entity. Financial helps is the demand of the situation for rising additional fund and the report clearly focuses on the key point to be considered for a successful start-up. The report shed light on the sources of external funding along with the benefits of each. Due discussion regarding the security and the ethical issues has also been done for ensuring the growth of the business.
Table of Contents
Introduction    4
a.    4
Key Decision to Become Successful Entrepreneur    4
Information Required for Taking Decisions    5
Business Processes to be engaged in    5
b.    6
c.    6
d.    8
Conclusion    8
References    10
Introduction
This project demonstrates the overall idea of an application based on 3D scanning for start-up. The management of the start-up has to focus upon some key points to make some crucial decisions for better implementation of the business plan. For better execution and a successful start-up, entrepreneurs need to consider some key decisions to be taken, which will help the entrepreneur to make their start-up successful. The business operations need to be improved by implementing some business processes and the external parties should also be use the information regarding the processes. All the possible funding options for the venture for capital raising is also discussed in these projects, funding options such as venture capital, team loan, issue of shares, angel investors, etc. are elaborated in this project. Apart from these legal barriers, the security issue while developing and marketing the application is a prime factor to be considered by an entrepreneur. There are laws and regulations implemented by the government for data security that also needs to be considered.
a.
Key Decision to Become Successful Entrepreneur
Leadership of the founder and the co-founder of an organisation play a vital role in the success of an emerging start-up, as this is a crucial stage for any start-up (McMullen, 2019). At the time of inception, various crucial decisions are taken by the founder’s and at the early growing stage. The success of any emerging start-up always depends on the leadership of the founder and co-founders of the start-up. Key decisions to be taken by the founders and co-founders are as follows:
Fund Raising:. The priority decision, to be taken by the founders, is to list down the fundraising sources for starting the company and to make it operational. These sources may be internal or external. The decision needs to be made by the founders of the company regarding the fund to be arranged through the internal source i.e. the founders will share the capital of the company, or they will go for external resources i.e. they will arrange a capital for the company externally. This is the most important decision to be taken, before they start their operations of the company.
Mode of Promotions: Promotion helps the company to reach the target market and influence them to become the customers of the company, decision-making regarding promoting the products and services and the mode of promotion plays a very vital role. There are many ways to promote the products and services of the company, if it needs to be done using print media then the management may go for posters, business cards, newspapers etc. At the initial stage of the promotion, these tools may be very effective and cost efficient as well. Therefore, it depends on the company whether to go for normal means of promotion or to be aggressive in this activity.
Product Pricing: One of the most crucial decision to be taken by the company is deciding the pricing of the product. Therefore, this decision of pricing needs to be taken by the management considering various factors such as mode of payment by the customer, target market, cost incurred in product and services, operational and fixed cost and others. This will help the management in developing the pricing strategy for the products and services to attract more customers. Pricing analysis can also be done by the company to identify the price that the customer is willing to pay for similar products in the market while keeping the cost into consideration.
Product Updates: Management needs to have an update on the business environment, as the business market has become very dynamic (Marvel, Davis & Sproul, 2016). The company needs to update themselves regarding the technologies and the types of products and services to be available for the customers; The R&D department needs to work on the research and development part to upgrade the products and services to maintain USP of the company and competition in the market.
Target Market Identification: According to the products and services, the company is dealing with the management needs to specify the target audience for their offerings. This target market will help the organisation to identify their wants and needs to take necessary decisions during product development.
The above key decision points need to be taken care of by the company providing 3D application services to succeed being a start-up. The information needed to make them a successful entrepreneur.
Information Required for Taking Decisions
Successful decisions are taken by considering various sources of information, which are as follows:
Information about the business plan: A detailed plan and a normal plan differs from each other in terms of figures and proper facts, which also contains plan analysis, which considers all the scenarios for the business and this helps the company to be on the path of success. In-depth research about the idea of the business and the business plan is one of the important factors to be considered for entrepreneur success.
Information about the target market: As noted by Pollack et al. (2019), deciding the...
SOLUTION.PDF
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?