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Assignment on Accounting Software

   

Added on  2020-04-07

15 Pages2701 Words77 Views
Running head: AMCOR LIMITEDAmcor LimitedName of the StudentName of the UniversityAuthor’s Note:

1AMCOR LIMITEDTable of ContentsIntroduction......................................................................................................................................2Discussion........................................................................................................................................3Part 1............................................................................................................................................3Brief Description of Amcor Limited.......................................................................................3Organizational Structure..........................................................................................................3Problems in the Organization in Amcor Limited....................................................................5Strategies of Amcor Limited...................................................................................................6System Acquisition Methods of Amcor Limited.....................................................................6System Flowchart of Amcor Limited......................................................................................7Control Problem in the System................................................................................................8Process Designing....................................................................................................................8Part 2............................................................................................................................................9Accounting Software Packages...............................................................................................9Market Size............................................................................................................................10Market Leaders and Competitors...........................................................................................10Recommendations..................................................................................................................11Conclusion.....................................................................................................................................12References......................................................................................................................................13

2AMCOR LIMITEDIntroductionThe type of software of application keeping the record and collections of all thetransactions related to finance and accounting is known as accounting software (Abraham andDao 2017). The accounting software helps in the processing of the transactions. This particularsoftware has various modules of functions like accounts receivable, ledger, accounts payable andtrial balance. There are various benefits of this software. It helps to save money and time. It isextremely cost effective (Appelbaum et al. 2017). However, it does have some limitations. Themajor drawback of this particular accounting software is that it is not flexible. The inflexibilityoften creates problem for the organizations, which have opted for this software.The literature review given below provides an overall description of the recognizedorganization of Australia, Amcor Limited. The discussion part of review outlines the structure ofthe organization with relevant diagram and description. The problems in the organization are alsodiscussed in the below review. Amcor Limited has undertaken several strategies for theirbusiness ("Amcor - Home", 2017). These strategies along with the system acquisition methodsare mentioned in the review. The review further describes about the process designing andcontrol problems. The second part of the review describes about the accounting softwarepackage, the competitors and the market leaders of Amcor Limited. Recommendations are givenfor the improvement of the business of Amcor Limited.

3AMCOR LIMITEDDiscussionPart 1Brief Description of Amcor LimitedOne of the leading organizations in packaging industry, Amcor Limited has spread itsbusiness and popularity in all over the world. Founded in the year 1986, this recognizedorganization used to make pulp paper and paperboard products with perfect and flexiblepackaging in its earlier days ("Amcor - Home", 2017). In the recent days, it has focused on theproduction of flexible and rigid packages of plastic. The products of the organization help toprotect the products of food, beverages, medical care, personal care and pharmaceutical care.Amcor Limited has its headquarters in Zurich, Switzerland. The head office is situated inHawthorn Victoria, Australia.Organizational StructureAmcor Limited has a complex organizational structure that comprises of the corporateand the management structure of the organization. This structure has all the three managementlevels present (Pearlson, Saunders and Galletta 2016). They look after the sales, developmentand growth of Amcor Limited. The organizational structure of Amcor Limited is given below.

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