Corporate Culture and Accounting Information Systems

CORPORATE CULTURE 1
Accounting Information Systems
By (Name)
Course
Instructor’s Name
Institutional Affiliation
The City and State
The Date

CORPORATE CULTURE 2
Question 1
Accounting Information System
Introduction
In modern business, accounting information systems are being increasingly appreciated and
utilized by a number of organizations. Accounting information system refers to the process of
collecting, storing and processing of data used in accounting and finance by the users in order
to present information to their stakeholders. The importance of an accounting information
system to an organization is to collect, keep and analyze finance and accounting data. The
finance and accounting data can be analyzed to provide information that managers and other
stakeholders require to make reliable decisions of the organization. An accounting information
system can either be manual or automatic that is; it can be done manually or it may involve the
use of computers (Considine, 2016). The accounting and information system plays various roles
in an organization such as efficient collection and storage of data about an organization,
providesuseful information for decision making, provision of managerial reports and financial
statements, controls data processing and accurate recording of information, among others.
Accounting information system has got six parts and these include; the users of the
accounting information system, the steps and instructions followed during the process of
accounting information system, the data, software which includes the computer systems and
the information technology which isused to protect data (Brian, 2017).
Woolworth organization

CORPORATE CULTURE 3
In this paper, Woolworth organization is selected as a case study. The discussion includes the
structure, the likely system of acquisition, sales procedure of Woolworth organization, the
operational problems faced by the organization and challenges that may be possible in the
system (Al-dmour et al, 2017). The illustration of the Woolworth organization’s accounting
information system for key business processes like sales, purchase and inventory management
include the following;
Organization structure of Woolworth
Woolworth Group Limited is one of the largest organizations found in Australia. It is also
regarded among the most reputable organizations with a relatively larger market share, high
sales and profit margin. The organization deals with food production, petroleum and other
products. To effectively enhance its overall level of service and product delivery, woolworth
organization uses accounting software of Xero/MYOB. As per the organizational structure and
hierarchy of Woolworth, the Managing Director controls all other directors of different
departments and everyone abides by the rules and regulations of the organization (Brookins,
2019). Hence forth its follows a hierarchy structure where there different levels of authority
from top to the lower management.
Woolworth Organisation sales structure
The Sales procedure that Woolworth organization uses is giving various products to the
clients from different supermarkets. The organization’s major focus is to provide favorable
prices in order to increase the supply of their products. Woolworth changed its Information
technology system and resorted to a new program. This has induced organization’s strategy of

CORPORATE CULTURE 4
customer first team and culture. Woolworth organizationincreases its sales by delivering to
their customers effectively and satisfactorily (Dixon,et al, 2013).
However, the purchase and sales problems include stealing of inventory which is to be sold
by the business. Stealing of the items is done by employees through interchanging sales and
disorganization of purchase records. Fraud leads to provision of wrong information that may be
recorded in the business records books (Albrecht et al, 2010).
The selected business processes and related controls
It is important to note that a set of related tasks that end in delivery of goods and services to
the customers is known as a business process. In this paper, the business processes selected
include the following:
Sales process; this is where a sales person takes to choose a prospective buyer from the
early stage of awareness to the end stage. Inother words, it is a potential customer’s journey
from realizing that they need a product to make an actual purchase. Since the sales process is a
journeyfor a prospect, it is aplanfor a sales person. Therefore, a sales process consists of seven
steps and these include;Prospecting, Preparation, Approach, Presentation, Handling objections,
Closing, and Follow-up.The related control in the sales process is that there is need to
accurately record transactions and protect inventory from being stolen (Dixon, et al, 2013).
Purchasing process; is the process of buying the right product, in the right quantity, at the
right time, at the right price and from the right seller. Also, it is a way an organisation tends to
behave towards its suppliers since suppliers are the major determinant of the organisation’s
strength. The main solution in the purchase process is to prevent buying of products from many