Assignments

All members of a team receive the same points for the exercise submissions. If you feel that one or more members are not doing their fair share, please do the following 2 things:

1. Send email to all members of your team (.cc me) indicating that you will be submitting a team member evaluation form.  This step gives all members of the team the option of completing a form.
2. Complete and submit the following form to me by email.

All responses will be kept confidential. 

 

Click Here for the Team Member Evaluation Form

Reminder:  Final Exercise – Risk / Control Matrix is due (via e-mail) on Thursday December 14  at 5:00 pm.

Background

Context is Global Bike Inc. (GBI) that we’ve used in all other course assignments.

You are an auditor in GBI’s internal auditing team.  As a result of your work at GBI you’ve uncovered a significant risk in one of GBI’s business processes.  You’ve made this risk known to your manager who requested that you investigate what potential changes / controls should be put in place to address the risk.

Assignment

You have the opportunity to address the audit committee of the board to discuss the risk you’ve uncovered in your work and recommended changes / controls.  Unfortunately, the agenda is packed and you only have 5 minutes to make your presentation.

Deliverables 

1. Brief (1 slide?) Powerpoint slide(s)
2. Brief script of what you plan to say to the audit committee

Grade

Treat like a ½ credit Assignment Exercise.  Full credit can yield extra 4 points in final grade (e.g. raise a grade of 90 to an 94)

Grading Rubric

• Substantive content related to class content           2
• Concise, clear message appropriate for audience   1
• Convincing argument, message                                  1

Due   Send deliverables to professor by Tuesday December 12. Wednesday December 13.

Reminder:  Exercise 4 – Segregation of Duties is now due (via e-mail) on Saturday November 11 at 11:59 pm.

UpdatedGuide (Updated with additional SAP screen shots November 6 @ 7:30 pm)

 

When performing Task 4 (Enter Journal Entry Transactions into the General Ledger) and the use of transaction FB50 you many find that one or more General Ledger accounts require the entry of a Cost Center (CO) value. You get and error such as ‘Account xxxxxxx requires the assignment of a CO object’.

This is an additional financial control.

This short guide shows how to address this issue.

I have changed the due date for Exercise 3 (Journal Entries) from Thursday until Saturday October 28 at the end of the day.

Note: this is a group exercise. Only one submission file (spreadsheet) is due from each team.

As a result of some questions raised in class I have added some clarifying comments in the assignment. The comments are on page 9 in the previous events section. Note the changes in bold below.

The updated Exercise 3 Guide is here and also posted on the assignment page.

Events of interest that Occured Previously (in Prior year if no year is listed)

Date Description of Event

	January 1, 2008	Production Machinery, Equipment and Fixtures were placed in service. They are expected to last 15 years with no salvage value.
	July 30	Payment for GBIs advertisement in the English language edition of Italian Cycling Journal. Advertisement to run in six consecutive monthly publications starting in August. Assume this is the extent of GBIs prepaid advertising.
	December 22	Windy City Bikes in Chicago, IL invoicied $22,000 for bicycle accessories from GBI. The terms of payment for Windy Citys order are 2 / 20 net 60 days (in laymans terms this means 2% discount if paid in 20 days and net open receivable is due in 60 days).

Reminder:  Exercise 3 – Journal Entries is due (via e-mail) on Thursday October 27  at 11:59 pm.

Each week as part of our learning, I’ve included at least one Real World control failure example.  Starting in Week 7 (October 17) it will be your turn to continue this learning by contributing your own video presentation of a Real World Control Failure.

You are responsible to:

• Send me (by e-mail) proposed 2+ alternate weeks when you would like to post your presentation (by October 11).  I’ll prepare a final schedule and publish in the blog’s roster section.
• Find a real world example of a business process control failure (vs. just a hacking control failure example).
• Prepare a brief review of the failure.  This PowerPoint (PPT) template contains all the content components / points required in the presentation.
• In video format, create a presentation of your review / story.  Post that video as a comment to this blog post prior to class time of your week (based on an agreed sign-up schedule).

Note: 5% of the course grade is earned by this project.  Evaluation is based on:

1. Including the required content components
2. Clear, concise presentation of the control failure ‘story’ and lessons learned
3. Originality in presentation of the control failure ‘story’

 

Reminder:  Exercise 2 – Order to Cash Process is due (via e-mail) on Thursday October 12  at 11:59 pm.