This website uses cookies to ensure you have the best experience. Learn more

Financial Statement Essay

627 words - 3 pages

LSPCA -- Analysis Phase Parts 1-3
The LSPCA operates an animal shelter. They need changes to the information system for
tracking adoptions and the spay/neuter records of the adopted animals. Members who
adopt an animal must pay in advance for the future spay/neuter of their pet and are sent a
reminder when the animal reaches puberty. Certain members were getting reminders after
they had already taken the pet to a veterinarian for the operation and there were other
members who had never been sent a reminder. Along with the adoption papers, the
members are given a paper form which is to be filled in by the veterinarian when the spay
or neuter operation is completed. When the form is returned to LSPCA by the
veterinarian, payment is remitted to the veterinarian. Members are asked to send in a
change of address notification when they move.
Part 1 Requirements Checklist
List what the above scenario tells you about requirements for the ...view middle of the document...

?
Part 3 Diagrams
1. Prepare an FDD showing the hierarchy among the processes you identified in Part
1 above.
2. Prepare a Context Diagram for the Adoptions Spay/Neuter System. It will include
all inputs and outputs you identified in Part 1 above, along with external entities.
3. Prepare Diagram 0 for the system.
4. Will your diagram 0 change if we implement a process of sending a second
reminder if the operation is not performed within 6 weeks of the first reminder?
5. Do you have any suggestions as to how to improve the system?

LSPCA2AnalysisPhase

LSPCA -- Analysis Phase – Parts 4 and 5
Part 4 Data Dictionary and Process Descriptions
Based on your DFDs, prepare the following data dictionary entries:

data store

Animal

record

Animal_Record

data element (3)

Animal Date of Birth,
Animal Name, and
Animal Type

data flow

Animal_Info (this data flow goes from the data store Animal to
the process Adoption.)

external entity

Member

process

Send Reminders, including two versions of the process
description using any two of the four methods described in the
chapter.

Ask your instructor where to get sample forms to use to create your DD entries.

Part 5 Development Strategies
What would be the advantages for LSPCA of using a web-based solution?
Three options have been identified. For each option, carry out payback, ROI and NPV
analysis. Then make a recommendation.
 customizing some animal shelter software developed in England. Acquisition cost
will be $20,000. Add $15,000 to customize the software. Staff savings will be
$1000 a month for the five-year life of the system.
 Using a cloud-based solution, up-front training costs will be $1000, the monthly
costs will be $500; staff savings will be $700 a month. This can be accessed from
anywhere, not just inside the shelter.
 Custom-developing software will cost $40,000, with annual maintenance fees of
$500. Staff savings will be $1150 a month.
Assume a five-year lifespan for the new system.

LSPCA2AnalysisPhase

Other assignments on Financial Statement

Financial Statements Essay

326 words - 2 pages Katrina Baron Financial Statements The four basic financial statements are the balance sheet, income statement, statement of cash flow, and the statement of retained earnings. The balance sheet depicts the current financial circumstances of the company. This reports the company’s assets, liabilities, and net equity as of a given point in time. The income statement reports the company’s cost and revenues. This reports the company’s income

Hello Tomato Essay

1296 words - 6 pages information and results of operations for the past fiscal year. The annual report includes financial statements, notes to financial statements, management's discussion and analysis of financial condition, and the auditor's report. * Financial Statements: Financial statements include four interrelated documents that present financial information about a company. They include the income statement, statement of equity (sole proprietorship &amp

Lee College

483 words - 2 pages (Keating, 2008). This equation is very helpful, but not show us how or why net assets change over time. This is the purpose of the financial statements. For Lee College, a private not-for-profit, the financial statements required under the FASB Statement 117 are the Statement of Financial Position, Statement of Activities, and Statement of Cash Flows (Copley, 2011). The focus of this paper will be on the Statement of Activities and the acceptable

Preparing An Income Statement

263 words - 2 pages Preparing an Income Statement In constructing this muli-step income statement there was only one year available of information so it was hard to compare it to a previous year and see it the numbers have decreased or increased. The information presented on an income statement are not complete and sufficient barometers of financial performance. The income statement is one of many pieces of a financial statement package, and like the other

Accounting Week1

692 words - 3 pages individually to determine each department gains and losses. The third key point is it communicates. The information is communicated in forms of reports to the necessary user to make economic decision based on the organizational goals. Financial statements are reports that communicate accounting information. The main purpose of a financial statement is to show the financial status of a business over a period. The financial statement of a company

Financial Statements

1525 words - 7 pages accounting information in planning, controlling, and evaluating business operations. Other groups that use accounting information are tax authorities, regulatory agencies, customers, labor unions, and economic planners (Weygandt, 2008). Accounting information is reported using financial information. There are four basic financial statements. Income Statement – is a financial statement that presents the revenues and expenses and resulting

Finance

856 words - 4 pages . This is analogous to a company's cash flow statement. Using this basic information, financial analysts can perform more detailed research on the numbers. Ratio analysis, The Dupont Analysis and Trend Analysis are three examples of how financial analysts can use numbers to determine strength of performance and return on investment, (Block, 2005). When corporations are required to report their financials, they report by the Statement of

Homework

280 words - 2 pages Question 1-1: Why must a financial manger have an integrated understanding of the five basic finance functions? Why has the risk-management function become more important in the recent years? Why is the corporate governance function considered a finance function? It is important for a financial manager to have an integrated understanding of the five basic finance functions because one is just as important as the other. They are all necessary

Financial Statements

547 words - 3 pages receiving needs to be able to cover any of the overhead debt costs such as employee wages, utilities, rent, goods, and supplies. If a company is not in good financial standing, it may not qualify to receive additional loans for expansion or may need to do cutbacks such as laying off some of the employees. All of these aspects are monitored with four basic financial statement reports, which are the balance sheets, income statements, retained

Financial Statements - 1092 words

1092 words - 5 pages company and the information needed, would be to look at the financial statements. By looking at the income statement, balance sheet, and the statement of cash flow, the financial health of the company can be discovered. A shareholder or potential investor will certainly want to see if the company that they are investing in is going to give them a return on their investment. To get a clear picture of whether or not this concept is a

Post Fir Income Statement

334 words - 2 pages 1-32B (Learning Objective 5: Identify financial statement by type of information) Assume Neil, Inc., is expanding into Germany. The company must decide where to locate and how to finance the expansion. Identify the financial statement where these decision makers can find the following information about Neil, Inc. In some cases, more than one statement will report the needed data. a. Income tax expense P1-66B ▸Requirements 1. Prepare

Similar Documents

Financial Statement Paper

824 words - 4 pages Financial Statements paper . ACC/290 September 22, 2011 Financial Statements paper Accounting is an action needed by companies in business. Without accounting and the knowledge of the inner workings of financial statements, a business is doomed to failure. In accounting there are four basic financial statements used for an array of reasons. The first financial statement in accounting is the balance sheet. The balance sheet is used to

Application Of Financial Statement Essay

804 words - 4 pages Assignment 1: Application of Financial Statement Students will prepare a ten (10) page response to the following: * Select either the balance sheet , income statement,or statement of cash flow and explain how the use of it may be applied to your everyday life. * Using the same concept selected above, discuss how a business manager may benefit from an understanding of this statement. * Discuss how your understanding of the balance sheet

Ratio And Financial Statement Analysis

2513 words - 11 pages FINANCIAL DECISION MAKING FOR MANAGERS: Ratio And Financial Statement Analysis NAME: JAMES B. TAYLOR DATE: 04/09/2015 Table of Content I. Executive Summary.....................................................................................3 II. Introduction..................................................................................................4 III. Financial statements tools and techniques

Lockheed Martin Financial Statement Analysis

846 words - 4 pages Lockheed Martin, Fiscal Year 2012 Donna K Falkenburg Professor Susan Lightweis Accounting 206 – Accounting II 6/02/2013 Lockheed Martin is a publicly traded, global security and aerospace company formed in 1995. They are principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. They are also known to provide a broad range of management, engineering