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Assignment No. 02 Total Marks: 20: Due Date: 7-6-2021

The auditors reviewed the company's compliance with regulations for the year ended December 31, 2018 and found nothing that would cause them to believe the compliance statement was inaccurate. It is the board of directors' responsibility to ensure compliance with regulations, while the auditors' role is to review the compliance statement and report any non-compliance. The auditors did not find any instances of non-compliance based on their review of the company's compliance statement.

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50 views

Assignment No. 02 Total Marks: 20: Due Date: 7-6-2021

The auditors reviewed the company's compliance with regulations for the year ended December 31, 2018 and found nothing that would cause them to believe the compliance statement was inaccurate. It is the board of directors' responsibility to ensure compliance with regulations, while the auditors' role is to review the compliance statement and report any non-compliance. The auditors did not find any instances of non-compliance based on their review of the company's compliance statement.

Uploaded by

UmairAfzal
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment No.

02 Total Marks: 20

Due Date:

7-6-2021
Based on our review, nothing has come to our attention which causes us to believe that the Statement of Compliance
does not appropriately reflect the Company's compliance, in all material respects, with the requirements contained in
the Regulations as applicable to the company for the year ended31 December 2018.

The responsibility for compliance with the Regulations is that of the Board of Directors of the Company. Our
responsibility is to review, whether the Statement of Compliance reflects the status of the Company's compliance with
the provisions of the Regulations and report if it does not and to highlight any non-compliance with the requirements of

Net credit Sales = 495,278,533,000 (Net sales is used instead of credit sales due to non

availability of figure )

Opening Accounts Receivable =1,752,798,000 (Under note to accounts no 11)

Closing Accounts Receivable = 1,911,478,000

Average Accounts Receivable = (1,752,798,000 + 1,911,478,000) / 2

= 1,832,138,000

Year 2008 Year 2009 Year 2010


495,278,533,00 742,757,951,000
612,695,589,000
0 / /
PSO / 57,207,279,000
1,832,138,000 99,005,452,000
= 10.71
= 270.33 = 7.5022
139,844,689,00
156,000,098,000 197,530,911,000
0 /
Shell Pakistan / 2,129,737,000 / 1,642,466,000
4,809,706,000
= 73.25 = 120.27
= 29.07
88,184,026,000/
22,969,513,000

= 3.83

availability of
figure)
Opening
Accounts
Receivable
=1,752,798,000

(Under note
to accounts no
11)
91,910,703,000 76,546,448,000 /
Attock Refinery Closing
/ 217,975,000 315,739,500
Ltd Accounts
= 421.65 = 242.435
Receivable =
1,911,478,000
Average
Accounts
Receivable =
(1,752,798,000
+
1,911,478,000) /
2

= 1,832,138,000

Covering Lectures: Assignment No. 2 Covers Lectures 8-15.


Uploading instructions

o For clarity and simplicity, you are required to Upload/Submit only .doc or .docx file.

Objective

The objective of this assignment is:

o To understand the basic concepts of Information System its different types.


o To understand different types of problems.

For any query about the assignment, contact at [email protected]

Note:
No assignment will be accepted after the due date via email in any case (whether it is the case of
load shedding or internet malfunctioning etc.). Hence, refrain from uploading assignment in the
last hour of deadline. It is recommended to upload solution file at least two days before its
closing date.
Question No.1

Suppose there is an online shopping store which is providing online delivery of products to
customers at their doorsteps.
Transaction Processing System (TPS), Management Information System (MIS) and Decision
Support System (DSS) are different components/subsystems of Computer Based Information
System (CBIS). Keeping in mind given scenario, consider the following situations and identify
whether they are part of TPS, MIS or DSS.

Situations Type of System


Customer pays bill through credit/debit card.
Store wants to see the list of the products which sale is
declined in current month.
Manager checks daily sales report of store.
On Pakistan Day, store plans to offers 23% discount to
customers whose order value is more than Rs. 10,000.
Store pays salary to its employees on 1st of each month.
The store wants to see the list of all customers who are
their regular customers for the last 6 months.
The store plans to start winter sale in January.

Solution:

Situations Type of sub-system


Customer pays bill through credit/debit card. TPS
Store wants to see the list of the products which sale is MIS
declined in current month.
Manager checks daily sales report of store. MIS
On Pakistan Day, store plans to offers 23% discount to DSS
customers whose order value is more than Rs. 10,000.
Store pays salary to its employees on 1st of each month. TPS
The store wants to see the list of all customers who are MIS
their regular customers for the last 6 months.
The store plans to start winter sale in January. DSS
Question No.2

There are three broad categories of problems: structured, semi-structured and un-structured.
Consider the scenario of online shopping store given in Question No. 1, and identify two
structured and two unstructured problems in this domain.

Problem Type of Problem

Solution:
Problem Type of Problem
The Product returns and refunds Structured
Managing Products’ stock Structured
Measuring customer satisfaction Unstructured
Dealing with Products’ Quality Issues Unstructured

Note: Problems can be identified from the “online shopping store” scenario in general and they
can also be identified from given situations too.

Good Luck!

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