Question

Dazzling Company manufactures women jewelry. The company began operations several years ago and has experienced rapid sales growth. The company is organized by business function, with vice-presidents for manufacturing, marketing, finance, accounting, and general administration. The firm operates a computer network, which supports a variety of applications for manufacturing, marketing, finance, accounting and general administration. The manager of information systems (IS) reports to the vice-president of general administration.

The company’s rapid growth has strained the firm’s computer resources, and the number of complaints concerning inadequate support and services from IS has increased dramatically in the past year. The voce-presidents for both manufacturing and marketing have taken their complaints about IS directly to the company presidents. Citing inadequate IS support of the online computer applications relating to inventory control and shipment information, manufacturing and marketing have requested that the firm purchase a computer that would be used exclusively to support these systems. The president is somewhat perplexed by this request because she recently received a request from the vice-president of general administration to fund a significant upgrading of the firm’s mainframe computer system. The president is also aware that the finance and accounting divisions have recently began using cloud computer services for several tasks and are planning to request funds for additional cloud computing applications in their next budget submission.

The president realizes that importance of adequate computer resources to firm’s operations, but given the recent complaints about IS support and these seemingly contradictory requests for additional computer hardware and cloud computing services, she has begun to wonder whether there is sufficient control and adequate planning for acquisition and use of computer resources at Dazzling Company. The president thinks forming a steering committee might help solve these problems

i. Discuss the FIVE (5) roles of a steering committee in planning for acquisition and use of computer resources at Dazzling Company.

i. Discuss several accounting-related decisions that you feel might be made by the following personnel in Dazzling Company:

a) President of company

b) Controller

c) Accounting manager.

Answer 1

1.
Steering committee

It decides the order of business and general course of its operations and also it prioritize the operations of a business.

Steering committee makes hear of all the voices from the different departments and helps to conclude the right perspective when it comes to their perspective. their role is to stay on budget and analyse the impact of changes occurred.

Roles of a steering committee in planning for acquisition and use:

a.Advice on the budget
b.strategigies have to be included while devoloping the project
c.developing the changes in the project giving advice on the decicions is important
d.potential risks have to be identified
e.to get good project outcomes helping and defining between people is main source.
e.maintaining time lines
f.quality of the project have to be monitored as it started developing
g.Risks to be handled.

2.

(a)President of the company:

Committee are selected in positions of an organisation according to their ability to make decisions,this is the natural assumption this is the usually the case.

presidents of the company have to give the strategic decision,it is not intended to be voting democracy.

usually make decisions according to key points of governence during the project

out of tolerance issues for the escalation of process is supported.

(b)Controller:

Minutes from the last meeting held at the company

metrics of the project i.e cost vs time

each scope change have to be highlighted

promoting the teams achievements in last meeting

issues and top risks to be monitored

summary of decisions and actions to recorded

(C)Accounting manager:
· Go through with the records of books and verify weather its feasible to maintain it or not

· The adequacy of the policy on annual basis and obtain approval letter from the board for further revisions if required

· Checking the scope and general extent of independent auditors work for determining the major risk factors and audit scope, also independent auditors have to confirm that no limitations have levied.

· Reviewing present accounting policies, principles and practices that company is following now

· Discussions have to be made with independent auditors about the companies quality of maintaining financial data to know the strength of principles following

· Associations code of conduct and ethics policy to ensure that management has established a system to enforce it.