Accounting Software Implementation in CommBank

Running head: ACCOUNTING SOFTWARE IMPLEMENTATION IN COMMBANK
Accounting Software Implementation in CommBank
Name of the Student
Name of the University
Author Note

1ACCOUNTING SOFTWARE IMPLEMENTATION IN COMMBANK
Table of Contents
Introduction......................................................................................................................................2
Papers under Review...................................................................................................................3
Justification for Paper Selection..................................................................................................4
Summary of Findings..................................................................................................................4
Strengths of the Papers................................................................................................................7
Shortcomings of the Papers.........................................................................................................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

2ACCOUNTING SOFTWARE IMPLEMENTATION IN COMMBANK
Introduction
The AIS or Accounting Information System broadly manages the concept of accounting
software. Accounting software provides processing and recording of accounting transactions
using handy modules such as, account receivable, account payable, trial balance, payroll, general
financial transactions and others. This accounting software could either be made by ingenious
developers or be bought from a third-party software generator. The cost and complexity forms
the variety in the software packages. Accounting Software originates back in 1959 with the
development of 9Pac, a first report generation language by IBM. It allowed users to access and
store structured data from a set of relational databases from different computers. However, the
system was not flexible enough as tasks were performed in batches. Gradually, flexible
functionalities developed from the year 1973 (Bott & Milkau, 2014). Therefore, it became quite
common to use accounting software in organizations. The following literature review would
consist of journals that describe the use of accounting software in Commonwealth Bank,
commonly known as CommBank in Australia. The bank uses the accounting software called
Xero, the accounting software developed in New Zealand. The literature review would further
consist of the papers that have been under review and the reasonable justification that is used to
select the papers. The literature review would then have the findings that have been there in the
papers reviewed. In addition, the review would also describe what shortcomings the papers have
along with the strengths the paper possesses. This would help in having a proper idea about the
subject and also analyse the journals that have been written about the context.

3ACCOUNTING SOFTWARE IMPLEMENTATION IN COMMBANK
Papers under Review
1. Bott, J., & Milkau, U. (2014). Mobile wallets and current accounts: Friends or
foes?. Journal of Payments Strategy & Systems, 8(3), 289-299.
2. Burdon, S., Mooney, G., & Kang, K. (2017). Lessons in Innovation from the Digital
Marketplace. Journal of Service Theory and Practice.
3. Bushman, R., Chen, Q., Engel, E., & Smith, A. (2004). Financial accounting information,
organizational complexity and corporate governance systems. Journal of Accounting and
Economics, 37(2), 167-201.
4. Flaherty, S. (2018). Bookkeeping in the Cloud: Advancements in Accounting
Software (Doctoral dissertation, Appalachian State University).
5. Haider, S. (2015). Exploring the Relationship between Changes in Accounting Policies
and Valuation of Australian Banking Firms (Doctoral dissertation, Victoria University).
6. Hansnata, M. (2016). The impact of digital innovation on the social structure of
professional public accounting practice in Australia.
7. Ketterer, J. A. (2017). Digital Finance: New Times, New Challenges, New Opportunities.
Inter-American Development Bank.
8. Kothari, S. P. (2001). Capital markets research in accounting. Journal of accounting and
economics, 31(1-3), 105-231.
9. Leonard, P. (2018). Data Commercialisation: Contracts, Safeguards and No-Go Zones.
10. McWilliams, K. (2017). Productivity in accounting services. Improving service sector
productivity: the economic imperative, 118.
11. Smith, H. (2017). Xero for dummies. John Wiley & Sons.