Answer & Explanation:Barrington
Products Company (BPC) is a midsized manufacturing company with three
strategically located distribution centers in the Eastern, Midwestern, and
Western United States. The manufacturing plant and headquarters are located in
the Midwest adjacent to the distribution facility. Barrington Products
manufactures a complete line of well-crafted, ready-to-assemble, and moderately
priced home and office furniture. It has been in business for more than 10
years.
Barrington is
committed to quality, design, and personalized customer service making it one
of the most recognized names in the industry. Barrington sells its home and
office furnishings to a select group of retailers across the United States and
on its own website. Its business, due mainly to e-commerce and the growth of
home-based businesses, has grown substantially over the past 3 years
necessitating the design and installation of an enterprise resource planning
(ERP) system to replace its old nonintegrated business systems.
You are in the
accounting department at BPC’s Midwest manufacturing and distribution
headquarters and have been assigned to a company-wide multifunctional business
systems team to help design and integrate the accounting functions into the new
enterprise resource planning system.
Management is
concerned about the length of time and cost in designing and installing a new
computer system and the possibility of any misstatements of financial
information and loss of transactional controls that might occur during the
initial stages of implementing a new system.
Barrington
Products has approved this project based on achieving the following objectives:
Provide an integrated, company-wide
single view of the business financial results.
Share data across all functions to
improve efficiency and effectiveness.
Reduce inventory levels due to more
timely information.
Conduct standardization of procedures
across all locations.
Have faster customer order
turnaround.
Reduce errors caused by multiple
entries of data into separate standalone systems.
To achieve these
objectives and control time and costs, the team has decided to look for an
enterprise resource planning (ERP) system supplier and choose one that can aid
in the development, installation, and implementation of a system customized to
address Barrington’s specific business requirements. You are responsible for
determining which ERP system will best meet the accounting information system
(AIS) requirements for Barrington Products Company.
You have
determined that the greatest challenge will be the revenue cycle, so you want
to focus on this cycle first.
Assignment below:
500 words APA FORMAT
2 REFERENCES WITH PROPER CITATION
Due to your
concern with the revenue cycle, you want to start putting together a basic
model for the REA data model for the revenue cycle to present to the business
systems team.
Identify
and describe characteristics of the REA data model.
Create a
graphic presentation depicting a basic REA model for Barrington’s revenue
cycle.
Deadline: 3
hours
