Information and Communication

Question

Information and Communication

Question # 00047910 Posted By: solutionshere Updated on: 02/11/2015 01:50 AM Due on: 02/11/2015

Subject General Questions Topic General General Questions Tutorials:

Question

Accounting Information Systems

COSO Information and Communication

Deliverable

· Typed paper, half page, for answers to questions 2 and 3

· Three separate reports; one each for the Vice President of Sales, Sales Department Manager, and company President (1.5 to 2 pages each for each report.)

· You must properly cite your sources in the paper and include a bibliography. (APA)

· Total pages: 6 pages, for answers to questions 2, 3, and 4)

Assignment

1. Read Information and Communication, pages 67-74, in the COSO ERM Integrated Framework.

2. Identify and explain the elements that determine quality of information, as listed in the COSO ERM Integrated Framework.

3. In your opinion, can and must all elements of quality information be simultaneously achieved for information to be useful? Are compromises ever necessary or acceptable? Explain why or why not.

4. You are the corporate controller, and must prepare a report for each of the positions identified below.

a. Vice President of Sales

b. Sales Department manager

c. President of the Company

Review the “Budget Example” Excel workbook. Create a report to summarize, analyze, or explain the budget numbers. I want you to actually prepare the reports; don’t just describe what the report would look like. Each report should include data and analysis.

The reports do not need to be long and tedious. Begin by identifying what information is relevant and useful for each person, in their respective official positions. You do not need to (and should not) use all the information in the Excel budgets.

You may prepare the reports in Excel or Word. You may invent any details or make any assumptions you choose. There is no right or wrong regarding the story you choose to tell with the data. The numbers are not the important part of this assignment.

References below may help you determine how to prepare the reports. You may also find your own sources.

Using Graphs and Visuals to Present Financial Information

Displaying Data with Graphs

Teaching Graphics for Communication

How to Write a Business Report, Business Memo and Business Email

Effective Business Report Writing

Report Writing - How to Format a Business Report

How to Write an Effective Report | eHow.com

How to Write a Business Report | eHow.com

How to Write a Formal Business Report | eHow.com

How to Write an Informal Business Report | eHow.com

How to Write a Short Report to the General Manager | eHow.com