Accounting Information System for Woolworths Group Limited

Running head:ACCOUNTING INFORMATION SYSTEM
Accounting Information System
Name of the Student:
Name of the University:

1ACCOUNTING INFORMATION SYSTEM
Executive summary
As a consultant in the firm, the appropriate software is to be analyzed for the business to take it
to the next level. The report is all about the various processes and objectives of a firm who have
planned to implement the various accounting software to fulfill their business requirements and
enhance the performance. The chosen company of Woolworths Group Limited is a
major Australian company that deals with extensive retail operation in both New Zealand and
Australia.

2ACCOUNTING INFORMATION SYSTEM
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
The background of the chosen Australian company....................................................................3
Key business processes of the company and its outcomes..........................................................4
The type of software that is needed by the company of Woolworths.........................................5
The evolution of the business software that can be implemented in the organization................6
The accounting software of QuickBooks....................................................................................7
The accounting software of Xero................................................................................................8
The accounting software of MYOB............................................................................................9
Comparison and Suitability of the two software in the organisation of Woolworths...............11
Conclusion.....................................................................................................................................12
Reference List................................................................................................................................14

3ACCOUNTING INFORMATION SYSTEM
Introduction
The Discussion deals with the evaluation of the accounting system andCFO for a
business. As a consultant in the firm, the appropriate software is to be analyzed for the business
to take it to the next level. The report is all about the various processes and objectives of a firm
who have planned to implement the various accounting software to fulfill their business
requirements and enhance the performance. The chosen company of Woolworths Group
Limited is a major Australian company that deals with extensive retail operation in both New
Zealand and Australia. However, as per recent research, it has been highlighted that the firmhas
not been performing the operations efficiently and effectively (Sampaio and Bernardino 2016).
The primary reason behind this is the workers who have taken the performance standard for
granted. Therefore, it is vital to examine carefully and analyze the present situation and re-
establish and improve the process, capacity design and customer satisfaction of the company
with the application of the various accounting software.
Discussion
The background of the chosen Australian company
The chosen company of Woolworths Group Limited is a major Australian organisation
that deals with extensive retail operation in both New Zealand and Australia. Woolworths is the
second largest organisation located in Australian terms of revenue, after Wesfarmers which is a
similar retail organization in Perth. In addition to that, the company of Woolworths Group is the
biggest take away liquor retailer in Australia; it is also the largest gaming poker machine
operator and hotel in Australia, on a whole it was recorded as the 19th largest retailer in the