Evaluation of Accounting Information System for Bunnings Warehouse

HA2042 Accounting Information
Systems Report writing
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TABLE OF CONTENTS
Executive summary.........................................................................................................................3
Introduction......................................................................................................................................4
Main body........................................................................................................................................4
Overview of the company and its business activities..................................................................4
Business requirement of Bunning warehouse..............................................................................5
Key business process...............................................................................................................5
Expected outcome of Key business processes.........................................................................5
System requirements....................................................................................................................6
Selection of the accounting software for the Bunning warehouse..............................................9
Category of accounting software...............................................................................................10
Comparison and selection of the best accounting software for the Bunning Warehouse.........10
Conclusion.....................................................................................................................................12
Recommendations..........................................................................................................................12
References......................................................................................................................................14

EXECUTIVE SUMMARY
Accounting information system refers to a technique of collecting, storing, analyzing, processing
the accounting and the financial data of the company, which assist the decision makers in taking
the decision. The present study shows the comparative evaluation of different accounting
information system suitable for Bunnings Warehouse Company. As per the analysis, the
requirement of the accounting software is based on the requirement and the capacity of the
business for executing its operations and functions. Therefore, the present study shows that by
implementing the suitable accounting Software, the Company can gain the competitive
advantage.

INTRODUCTION
The accounting system software is designed and implemented to support the business activities
and the business functions of the organization. Computer-based accounting system enhance the
efficiency and effectiveness of the organization through the automation in the various parts of the
business process (Jones, and Jones, 2016). The accounting software is capable of generating the
financial reports along with many other reports of the company, further it is also the analytical
tool, by which the company can forecast about its opportunities (Metzger & et al., 2015). By
considering the increasing importance of accounting information system, the present study is
based on the evaluation of investment in the accounting software for assisting Bunnings
Warehouse for better management of operational activities of the company.
MAIN BODY
Overview of the company and its business activities
Bunning warehouse is an Australian based company, whose headquarter is situated in Hawthorn
East, Victoria, Australia. This company was started in 1887, and it became public in 1952.
Further, Bunning Warehouse Company is the subsidiary company of the Wesfarmers. This
company is an international household hardware chain and has expanded its operation worldwide
s in Australia, New Zealand, the United Kingdom, and Ireland (Bunning Warehouse, 2018). At
present, the company has 294 stores, and more than 30,000 people are working for the company.
The market share of the company is also very significant; around 20% share of the retail
hardware sector in Australia has been captured by the company.
The company is mainly engaged in the selling of the household hardware appliances at its retail
stores. There are wide ranges of product available in the Bunning warehouse such as tools,
general hardware, screw, bolt and fixing, storage and cleaning appliances, lighting and electrical
and so on. Further, the company also provides the D.I.Y advice (do it yourself) with respect to
home improvements, kitchen, indoor, flooring, sustainability of the environment to save energy
and water through the recycling practices. Moreover, the company also provides in-house
services related to insulation assessment and installation, and outdoor furniture assembly. In the
stores, the company also provides the services of special order, kids’ activities, maintain D.I.Y