ACCOUNTING INFORMATION SYSTEMS

1d)Objectives of the subsystem (billing, accounts payable, payroll, etc.) you have chosen to review (an objective is a result to be attained), typical transactions and typical reports. Use the subsystem’s name (billing, for example) when discussing it; don’t call it subsystem. How does the subsystem (such as the accounts payable subsystem) help the company attain its objectives per part 1c?

1 C. Company description

Nickanny’s Treasures, LLC (NT) is a company that buys various items in large quantities at wholesale prices and resells them individually for retail price. The sales are managed via the internet through Amazon. Items are purchased by the owner then shipped to Amazon and stored in the warehouse until sold. Revenue from the sale is deposited by Amazon into NTs account. NT has one location in Moore, Oklahoma. The objective of the company is to buy items at a discounted price and sell them for a profit. NT is committed to deliver consumers the highest quality products at the lowest price possible. NT strives to continually broaden the database by obtaining new information on customer characteristics and needs.