improving information systems and internal controls of the yuma snowbirds accounting

Improving Information Systems and Internal Controls of the Yuma Snowbirds’ Accounting System

            This report identifies, analyzes, and recommends improvements in various aspects of the Yuma Snowbirds accounting information and internal control systems.  The report makes reference to information from the Encyclopedia of Business and Finance as working definitions for internal controls and information systems.

The importance of information systems and internal controls

            Effective accounting information systems facilitate manual and electronic transaction processing, such as check writing and cash spending and facilitate financial reporting, such as tax return preparation and audited financial statements.  Internal controls are those decisions implemented by management that facilitate compliance with regulations, reliability of financial reports, and profitable operating procedures.

Issues that require management attention

$          Profitability of operating units

$          Transition to September 30 fiscal year

$          Change in financial requirements in transition from IHL to NHL

            Improving profitability  will depend on the organization’s ability to respond to these issues by making material changes in areas such as sales, cash management, purchasing and inventory, and accounts receivable and payable.  The partners must use consistent methods of accounting and cash management in each unit, accompanied by a lack of preparation of monthly financial statements for the organization.

Observations and recommendations

             Snowbird Wear should use the same order-purchase verification system that the pub ans snack shops use.  The outside business relationship of the shop manager with the suppliers does not provide an adequate control system.

            Second, the snack bar reports a system for accounting for cash on hand for registers.  The pub and store should implement the same cash reporting procedure.

            The roving vendors system is complicated and could be simplified by using the 2 to 5 existing part time employees to reduce turnover and simplify the inventory process.

            The accounts payable system should be examined and the rational for the 20 day pay cycle should be explained.  The system should account for items such as net discounts and for grace periods beyond 20 days.  This allows the organization to maximize cash flow while maintaining credit standing with suppliers.

             There needs to be better definition of duties among the three employees that perform financial management function.  The relationship between the accountant and the financial manger, and which person is responsible for financial statement preparation should be quantified.         Based on the limited financial reports presented, the partners cannot determine the financial performance of  individual units ( team, pub, store, snack bar), nor can it prepare adequate financial statements for use in tax preparation or audit. A monthly reporting procedure that coordinates with the fiscal year should be implemented.  Month one begins October 1, and month 12 ends on September 30.

            Each month partners should receive an income statement, statement of cash flows, and a balance sheet.  Monthly reports should include statements for each operating unit, and consolidated financial statements for the organization.  The income statement can be forwarded to the tax preparer.  Consolidated financial statements will facilitate an audit that will eventually be required by the NHL franchise.


            Yuma Snowbirds partnership must improve its internal accounting controls by consolidating accounting methods in each of its operating units.  The organization must improve its information systems by preparing per unit and consolidated  monthly financial statements.


“Accounting Information Systems.” Encyclopedia of Business and Finance. Ed. Allison McClintic Marion. Gale Cengage, 2001. 2006. 14 Oct, 2008 <

“Internal Control Systems.” Encyclopedia of Business and Finance. Ed. Allison McClintic Marion. Gale Cengage, 2001. 2006. 14 Oct, 2008 <


Order a similar paper and get 15% discount. Use the coupon code ODBP

Dr. Padma Myers
Dr. Padma Myers
98% Success Rate
Read More
“Hello, I deliver nursing papers on time following instructions from the client. My primary goal is customer satisfaction. Welcome for plagiarism free papers”
Stern Frea
Stern Frea
98% Success Rate
Read More
Hi! I am an English Language and Literature graduate; I have written many academic essays, including argumentative essays, research papers, and literary analysis.
Dr. Ishid Elsa
Dr. Ishid Elsa
98% Success Rate
Read More
"Hi, count on me to deliver quality papers that meet your expectations. I write well researched papers in the fields of nursing and medicine".
Dr. Paul P. Klug
Dr. Paul P. Klug
99% Success Rate
Read More
"A top writer with proven reliability and experience. I have a 99% success rate, overall rating of 10. Hire me for quality custom written nursing papers. Thank you"

How Our Essay Writing Service Works

Tell Us Your Requirements

Fill out order details and instructions, then upload any files or additional materials if needed. Then, confirm your order by clicking “Place an Order.”

Make your payment

Your payment is processed by a secure system. We accept Mastercard, Visa, Amex, and Discover. We don’t share any informati.on with third parties

The Writing Process

You can communicate with your writer. Clarify or track order with our customer support team. Upload all the necessary files for the writer to use.

Download your paper

Check your paper on your client profile. If it meets your requirements, approve and download. If any changes are needed, request a revision to be done.

Recent Questions

Stay In Touch!

Leave your email and get discount promo codes and the best essay samples from our writers!
Order Here!
WhatsApp Your Assignment!
Order on WhatsApp in Minutes


Click one of our contacts below to chat on WhatsApp

× How can I help you?