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HI5019 Strategic Information System Accounting Software

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Holmes Institute Sydney

   

HI5019 Strategic Information System assignment (HI5019)

   

Added on  2020-03-13

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This report introduces the effect that implementation of one or more accounting software has on an organization. To explain the fact provided above, a complete analysis of Woolworths Supermarket, a retail market chain based in Sydney, Australia, is provided in the report. The organizational structure and the effect of implementation of accounting software in the organization will help in explaining the role, which accounting software plays in an organizational functionality. Included in this report-Woolworths Supermarket, Development and Adoption of Accounting Software Package at Woolworths.

HI5019 Strategic Information System Accounting Software

   

Holmes Institute Sydney

   

HI5019 Strategic Information System assignment (HI5019)

   Added on 2020-03-13

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Running head: UTILITY OF ACCOUNTING SOFTWARE AT WOOLWORTHSUtility of Accounting Software at WoolworthsName of the Student:Name of the University:Author Note:
HI5019 Strategic Information System Accounting Software_1
1UTILITY OF ACCOUNTING SOFTWARE AT WOOLWORTHSEXECUTIVE SUMMARYThe report is made in the light of Woolworths Limited, a supermarket chain based in Sydney,Australia. The report provides an overview of the company along with its currentorganisational structure. The purpose of the report is to project the organisational flaws andthe system acquisition method of the company. A system flowchart related to its salesprocedure is provided and explained. The control problems are identified and a briefoverview on possible frauds is provided. The report also summarises the development andadoption of the accounting software packages by the company. The current market size isdetermined and the leaders in the Australian market are identified along with theircompetitive advantages. Finally, the current challenges faced by the accounting softwareusers are identified and possible recommendations are provided.
HI5019 Strategic Information System Accounting Software_2
2UTILITY OF ACCOUNTING SOFTWARE AT WOOLWORTHSTable of Contents1. Introduction............................................................................................................................32. About Woolworths Supermarket............................................................................................32.1. Existing Organisational Structure of Woolworths..........................................................32.2. Problems in the Organisation..........................................................................................52.3. System acquisition method of the Company...................................................................62.4. Sales procedure system flowchart of Woolworths..........................................................72.5. Control Problems in the System......................................................................................83. Development and Adoption of Accounting Software Package at Woolworths.....................93.1. The Market Size of Woolworths Limited.......................................................................93.2. Leaders in the Market and their competitive advantage...............................................113.3. Present Challenges of Accounting Software Users.......................................................113.4. Recommendations.........................................................................................................114. Conclusion............................................................................................................................125. References............................................................................................................................13
HI5019 Strategic Information System Accounting Software_3
3UTILITY OF ACCOUNTING SOFTWARE AT WOOLWORTHS1. IntroductionAccounting Software is described as a type of application or program that records andprocesses transactions related to accounts within functional components such as payroll,accounts payable, general ledger, accounts receivable and trial balance. It acts as anInformation System for accounting purpose. The report introduces the effect thatimplementation of one or more accounting software has on an organisation. To explain thefact provided above, a complete analysis of Woolworths Supermarket, a retail market chainbased in Sydney, Australia, is provided in the report. The organisational structure and theeffect of implementation of accounting software in the organisation will help in explainingthe role, which accounting software plays in an organisational functionality. 2. About Woolworths SupermarketWoolworths Supermarkets is a Sydney based Australian supermarket chain byWoolworths Limited. The company has expertise mostly in selling grocery products such aspackaged food, fruit, vegetables, meat and such. They also have other merchandise asstationery items, magazines and DVDs. The current business asset of Woolworths is 1000stores all over Australia, which includes 968 Supermarkets and extra 19 convenience storesusing their logo (Woolworths.com.au 2017). 2.1. Existing Organisational Structure of Woolworths The two figures provided below show the existing organisational structure ofWoolworths at both corporate level and management level. The structure shows that a groupof non-executive director and the chairperson forms the top level in the managementhierarchy of the company.
HI5019 Strategic Information System Accounting Software_4

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