INFORMATION SYSTEM CATEGORIZATION Classify the following item as either: TPS-Transaction Processing System FRS-Financial Reporting System MRS-Management Reporting System a. Variance reports b. Sales order capture c. Balance sheet d. Budgets e. Purchase order preparation f. Tax returns g. Sales summary by product line h. Cash disbursements preparation i. Annual report preparation j. Invoice preparation k. Cost-volume-profit analysis CASE ANALYSIS The Bar Harbor Blueberry Farm is a family-owned, 200-acre farm that grows and sells blueberries to grocery stores, blueberry wholesalers, and small roadside stands. Bar Harbor has 25 full-time employees and hires 150 to 200 seasonal workers for the harvest. For the past six summers, you have picked berries for Bar Harbor. When you graduated, you were hired full-time as the accountant/office manager. Until now, Bar Harbor kept most of its accounting records in a big file box and paper documents. Jack Phillips, the owner, would like a more organized approach to the farm’s accounting records. He has asked you to establish a proper set of books. You decide to start by establishing chart of accounts for assets, liabilities, equities, and appropriate journals and ledgers, for these transactions and finally try to establish an ERP system to integrate all activities.
INFORMATION SYSTEM CATEGORIZATION
Classify the following item as either:
TPS-Transaction Processing System FRS-Financial Reporting System
MRS-Management Reporting System
a. Variance reports b. Sales order capture c. Balance sheet d. Budgets e. Purchase order preparation f. Tax returns g. Sales summary by product line h. Cash disbursements preparation i. Annual report preparation j. Invoice preparation k. Cost-volume-profit analysis
CASE ANALYSIS
The Bar Harbor Blueberry Farm is a family-owned, 200-acre farm that grows and sells blueberries to grocery stores, blueberry wholesalers, and small roadside stands. Bar Harbor has 25 full-time employees and hires 150 to 200 seasonal workers for the harvest. For the past six summers, you have picked berries for Bar Harbor. When you graduated, you were hired full-time as the
You decide to start by establishing chart of accounts for assets, liabilities, equities, and appropriate journals and ledgers, for these transactions and finally try to establish an ERP system to integrate all activities.
REQUIREMENTS:
After viewing the websites, and based on your reading of the chapter, describe how an ERP can connect and integrate the revenue, expenditure, human resources/payroll, and financing cycles of this business.
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