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Accounting Software Packages In Use in Australia

16 Pages3061 Words302 Views
   

University of Western Australia

   

Financial Accounting (ACCT1101)

   

Added on  2020-03-01

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ACCT1101  - Accounting Software Packages in use in Australia | Assignment, study the importance and application of accounting software in an Australian company. The Australian metal company is the base of study. It is divided into two parts each divided into four subparts. The first part delves into the organizational structure, its software acquisition method, its sales process, and control problems it faces in operating the software.

Accounting Software Packages In Use in Australia

   

University of Western Australia

   

Financial Accounting (ACCT1101)

   Added on 2020-03-01

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Running head: ACCOUNTING SOFTWARE PACKAGES IN USE IN AUSTRALIAAccounting Software Packages in use in AustraliaName of the Student:Name of the University:Author Note:
Accounting Software Packages In Use in Australia_1
1ACCOUNTING SOFTWARE PACKAGES IN USE IN AUSTRALIATable of ContentsIntroduction:....................................................................................................................................2Part 1:...............................................................................................................................................21. Organisation structure:.................................................................................................................22. Operational problems Fortescue can likely face due to its organisational structure:..................33. Most likely system acquisition method:......................................................................................34. A system flowchart of the sales procedures at Fortescue:...........................................................45. Control problem in the system and possible frauds in the system:..............................................7Part 2:...............................................................................................................................................81. Development and adoption of the accounting software packages:..............................................82. Market size of accounting software packages:............................................................................83. Leader in the accounting software package market and their competitive advantages:..............9Oracle:..........................................................................................................................................9Fishbowl Manufacturing:...........................................................................................................104. The current gaps or challenges encountered by users and recommendations:..........................10Costly:........................................................................................................................................10Limited external integration:.....................................................................................................10Recommendations:....................................................................................................................11Conclusion:....................................................................................................................................11References:....................................................................................................................................12
Accounting Software Packages In Use in Australia_2
2ACCOUNTING SOFTWARE PACKAGES IN USE IN AUSTRALIA
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3ACCOUNTING SOFTWARE PACKAGES IN USE IN AUSTRALIAIntroduction:The assignment studies the importance and application of accounting software in aAustralian company. The paper considers Fortescue, the Australian metal company as the base ofstudy. It is divided into two parts each divided into four subparts. The first part delves into theorganisational structure, its software acquisition method, its sales process and control problems itface in operating the softwares. The second part deals with development of accounting software,its current market size, leading software companies and recommendations to them to help thecustomers acquire these software more easily.Part 1:1. Organisation structure:Fortescue Metal Group follows a tall structure led by the CEO and the board of directors.that the organisation structure is led by the apex board chief executive officer, chairman of theboard, lead director and four other directors. The second layer of management consists of thechief financial officer, corporate affairs and secretary, finance and secretary, director of businessdevelopment, director corporate services, external relations, sales and marketing and operations.The second stratum of management reports directly to the chief financial officer. The third layerof management consists of group manager Fortescue people and group manager, health andsafety. The second and the third line of management people are led by the chief executiveofficer (Fortescue Metals Group Ltd., 2017).
Accounting Software Packages In Use in Australia_4

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