hi this is accouting information system case please explain it step by step

Don't know 2015 2016 10% $15,000 to 20% Home Renovation Warehouse In the Greater Toronto Area (GTA) home renovation spending is expected to rise due to affordability issue related to purchasing a larger home. A study by CIBC reported in the Financial Post (http://business.financialpost.com/personal finance/mortgages-real-estate/renovation-spending-expected- to-rise-in-2016-as-people-just-cant-afford-to-move) shows the following information on home renovations in Canada: RENOVATION BOOM PUTS DOWN ROOTS Home Renovation Warehouse is expanding due Percentage of Canadian homeowners who plan to renovate in the next 12 months to the trend in home renovation spending 2015 os hoping to capture the trend and move their 2016 company from a privately held company, of the Canadian Homecener who plan to renovute: Amount they plan to spend: owned by Stephan and Sylvie Gregoire, to a (average amount and dollar range) larger publicly traded company. The currently $1 to $4.999 Don't know $1 to $4.999 21% 29% 19% have 35 locations spread across Canada but they have plans to expand into the US market $25.000 $25.000 or more: Average amount or more Average amount as well as expand their presence across Canada. $12,293 $13,017 Home Renovation Warehouse has issues $5.000 $5.000 to $9.999 $15.000 to to $9.999 that must be addressed prior to expanding. The $24.999:11% 20% $21.999:9% $10,000 to $14.999:16% $10.000 to $14.99% 19% consulting company they have hired to advise them on expansion plans requires them to have of the Canadian homeowners who plan to removale: Top five planned home reneatima audited financial statements. In addition, they 2015 are using a periodic inventory system which is Basic maintenance Landscaping a barrier to optimizing their procurement Bathroom renovations activities. There are many times in which the Kitchen renovations wrong products are ordered resulting in Replacing windows or doors 28% surpluses in inventory and stock outs for other Includes painting ooring palepels replacing places includes outdoor deck,patio drwy inventory items. This tends to frustrate the of the Canadian homeeners who plan to renovate customers and the stock outs require the Top five imitants regarding home renovationer Going over but 18 company to purchase higher cost products and Project takes longer than expected expediting fees. The consultants have Disruption to my household recommended the company implement a new Pellability of contractors Starting a project and never finishing computer system that incorporates supply chain management functionality and a perpetual of the Canadian homeosenere who plan to renovate, do they have a budget? inventory management system. The Purchasing Manager, Guylaine Don't know: AM Dumont has not taken a vacation in several 2016 37% 20% 38 No: 69 Name: years. She is difficult to work with and the position responsible for the vendor bidding process has been vacant for 18 months. Three employees, hired into this position, have quit the company and Elaine La Fontaine has not ascertained the root cause of the issue. Guylaine is opposed to changing the inventory system as she says it is adequate for her purposes. As the company will be competing with Home Depot and Lowes, the consultants have recommended they implement an on-line store where customers order products for either delivery to their home or take advantage of in-store pickup. Currently their stores do not have an appropriate physical design for in-store pickup, so the current 35 stores require renovation to accommodate this new business process. The expertise to design this business process does not currently reside within the corporation The Sales Manager is also not in favor of implementing new computer systems as this is not an area of expertise for him. To support the expanding business, it is recommended for the company to implement an ERP system however the owners are not familiar with the benefits of an ERP nor do they have knowledge of the steps they should take to implement as system of this nature. Sylvie Gregoire is in favor of implementing new computer systems as she views this as a necessary event to support the expansion plans. Their current organization chart showing key positions is displayed below: Name: ch When sie bereits MI Film Mir w The company has decided to implement their new ERP system and in parallel to that activity, design the on-line shopping experience. The company will go public to raise the necessary capital necessary to pay for the new systems, on-line shopping experience, and the planned business expansion. Audited financial statements are a new experience for the organization. Me The company has decided to implement their new ERP system and in parallel to that activity, design the on-line shopping experience. The company will go public to raise the necessary capital necessary to pay for the new systems, on-line shopping experience, and the planned business expansion. Audited financial statements are a new experience for the organization. Instructions: Using the case method taught in class (three steps approach of the case analysis), identify three events in the case (3X2=6 marks) (write your response in text box# 1), analyze the events that you have identified as part of the step 1 using the suggested or any other appropriate management models (3X 5 =15 marks) (write your response in text box#2), and make recommendations to Home Renovation Warehouse's management to improve their efficiency and effectiveness (3X3 -9 marks) (write your response in text box#3). In the analysis and recommendations, be sure that of relating at least one of the management models other than COSO ERM. You are not limited to discussing topics represented by the models below. You can use any managemnt model covered in INF031787 that you think relevant and informing. Risk Assessment and Response Authorization High Reduce Avoid Custody Recording Occurence frequency Accept Share Segregation of Accounting Duties Low Amount of Damage High COBIT - Standard in NA for IT Management COOCs Gate and Management Kay Areas His ech Governance Evaluate Service wprovement Continuar Service Design Direct Management Fechack Monitor Service Management Operation Service Build Pan (APOI RAD Run (DSS) Monitor IMEA) asjas Mozesu ITIL - IT Services Standard Name: GRAINCAN. COMUNES Systems Reliability Internal Environment Objective Setting Event Identification Risk Assessment Risk Response Control Activities Information & Communication TENAY-LIIN VOISINO LINASSWISS XITOSAS Confidentiality Privacy Processing Integrity Availability Systems Security Trust Services Framework COSO ERM VPN connection Time of last backup The computer crashes Computer system becomes available Tunnel PRM Internet SCM Time ISP ERP SYSTEM Intranet Systems Availability Virtual Private Network/ Encryption ERP Design PN connection The computer Time of last backup crashes Computer system becomes available Tunnel Internet SOM Time ISP ERP SYSTEM Intranet NAM Systems Availability Virtual Private Network/ Encryption ERP Design Om Data Center Overseas WAN Corp HO WAN Data Center Networking, LAN and WAN Defense in Depth Name: Maintenance Planning Com Oy 1 Comme Opportunity Implementation Lack of Personen Analysis Rationalizati Design Pressure end edustry Conditions Systems Development Life Cycle Financial Fraud Triangles Palet Cere Patent Ener Deret Dirty Hec Hacie we Data Processing Cycle Encryption Store P Cipher Output Data Processing Cycle Encryption Preventive Detective Corrective Time Directive Authentication and Authorization Functions of Controls Don't know 2015 2016 10% $15,000 to 20% Home Renovation Warehouse In the Greater Toronto Area (GTA) home renovation spending is expected to rise due to affordability issue related to purchasing a larger home. A study by CIBC reported in the Financial Post (http://business.financialpost.com/personal finance/mortgages-real-estate/renovation-spending-expected- to-rise-in-2016-as-people-just-cant-afford-to-move) shows the following information on home renovations in Canada: RENOVATION BOOM PUTS DOWN ROOTS Home Renovation Warehouse is expanding due Percentage of Canadian homeowners who plan to renovate in the next 12 months to the trend in home renovation spending 2015 os hoping to capture the trend and move their 2016 company from a privately held company, of the Canadian Homecener who plan to renovute: Amount they plan to spend: owned by Stephan and Sylvie Gregoire, to a (average amount and dollar range) larger publicly traded company. The currently $1 to $4.999 Don't know $1 to $4.999 21% 29% 19% have 35 locations spread across Canada but they have plans to expand into the US market $25.000 $25.000 or more: Average amount or more Average amount as well as expand their presence across Canada. $12,293 $13,017 Home Renovation Warehouse has issues $5.000 $5.000 to $9.999 $15.000 to to $9.999 that must be addressed prior to expanding. The $24.999:11% 20% $21.999:9% $10,000 to $14.999:16% $10.000 to $14.99% 19% consulting company they have hired to advise them on expansion plans requires them to have of the Canadian homeowners who plan to removale: Top five planned home reneatima audited financial statements. In addition, they 2015 are using a periodic inventory system which is Basic maintenance Landscaping a barrier to optimizing their procurement Bathroom renovations activities. There are many times in which the Kitchen renovations wrong products are ordered resulting in Replacing windows or doors 28% surpluses in inventory and stock outs for other Includes painting ooring palepels replacing places includes outdoor deck,patio drwy inventory items. This tends to frustrate the of the Canadian homeeners who plan to renovate customers and the stock outs require the Top five imitants regarding home renovationer Going over but 18 company to purchase higher cost products and Project takes longer than expected expediting fees. The consultants have Disruption to my household recommended the company implement a new Pellability of contractors Starting a project and never finishing computer system that incorporates supply chain management functionality and a perpetual of the Canadian homeosenere who plan to renovate, do they have a budget? inventory management system. The Purchasing Manager, Guylaine Don't know: AM Dumont has not taken a vacation in several 2016 37% 20% 38 No: 69 Name: years. She is difficult to work with and the position responsible for the vendor bidding process has been vacant for 18 months. Three employees, hired into this position, have quit the company and Elaine La Fontaine has not ascertained the root cause of the issue. Guylaine is opposed to changing the inventory system as she says it is adequate for her purposes. As the company will be competing with Home Depot and Lowes, the consultants have recommended they implement an on-line store where customers order products for either delivery to their home or take advantage of in-store pickup. Currently their stores do not have an appropriate physical design for in-store pickup, so the current 35 stores require renovation to accommodate this new business process. The expertise to design this business process does not currently reside within the corporation The Sales Manager is also not in favor of implementing new computer systems as this is not an area of expertise for him. To support the expanding business, it is recommended for the company to implement an ERP system however the owners are not familiar with the benefits of an ERP nor do they have knowledge of the steps they should take to implement as system of this nature. Sylvie Gregoire is in favor of implementing new computer systems as she views this as a necessary event to support the expansion plans. Their current organization chart showing key positions is displayed below: Name: ch When sie bereits MI Film Mir w The company has decided to implement their new ERP system and in parallel to that activity, design the on-line shopping experience. The company will go public to raise the necessary capital necessary to pay for the new systems, on-line shopping experience, and the planned business expansion. Audited financial statements are a new experience for the organization. Me The company has decided to implement their new ERP system and in parallel to that activity, design the on-line shopping experience. The company will go public to raise the necessary capital necessary to pay for the new systems, on-line shopping experience, and the planned business expansion. Audited financial statements are a new experience for the organization. Instructions: Using the case method taught in class (three steps approach of the case analysis), identify three events in the case (3X2=6 marks) (write your response in text box# 1), analyze the events that you have identified as part of the step 1 using the suggested or any other appropriate management models (3X 5 =15 marks) (write your response in text box#2), and make recommendations to Home Renovation Warehouse's management to improve their efficiency and effectiveness (3X3 -9 marks) (write your response in text box#3). In the analysis and recommendations, be sure that of relating at least one of the management models other than COSO ERM. You are not limited to discussing topics represented by the models below. You can use any managemnt model covered in INF031787 that you think relevant and informing. Risk Assessment and Response Authorization High Reduce Avoid Custody Recording Occurence frequency Accept Share Segregation of Accounting Duties Low Amount of Damage High COBIT - Standard in NA for IT Management COOCs Gate and Management Kay Areas His ech Governance Evaluate Service wprovement Continuar Service Design Direct Management Fechack Monitor Service Management Operation Service Build Pan (APOI RAD Run (DSS) Monitor IMEA) asjas Mozesu ITIL - IT Services Standard Name: GRAINCAN. COMUNES Systems Reliability Internal Environment Objective Setting Event Identification Risk Assessment Risk Response Control Activities Information & Communication TENAY-LIIN VOISINO LINASSWISS XITOSAS Confidentiality Privacy Processing Integrity Availability Systems Security Trust Services Framework COSO ERM VPN connection Time of last backup The computer crashes Computer system becomes available Tunnel PRM Internet SCM Time ISP ERP SYSTEM Intranet Systems Availability Virtual Private Network/ Encryption ERP Design PN connection The computer Time of last backup crashes Computer system becomes available Tunnel Internet SOM Time ISP ERP SYSTEM Intranet NAM Systems Availability Virtual Private Network/ Encryption ERP Design Om Data Center Overseas WAN Corp HO WAN Data Center Networking, LAN and WAN Defense in Depth Name: Maintenance Planning Com Oy 1 Comme Opportunity Implementation Lack of Personen Analysis Rationalizati Design Pressure end edustry Conditions Systems Development Life Cycle Financial Fraud Triangles Palet Cere Patent Ener Deret Dirty Hec Hacie we Data Processing Cycle Encryption Store P Cipher Output Data Processing Cycle Encryption Preventive Detective Corrective Time Directive Authentication and Authorization Functions of Controls