HI5019 Strategic Information Systems | Accounting Software

Added on -2020-02-18

| HI5019| 18 pages| 3027 words| 47 views

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Running head: ORGANIZATION WITH ACCOUNTING SOFTWARE
Organization with Accounting Software
Name of the Student
Name of the University
Author’s Note:
1ORGANIZATION WITH ACCOUNTING SOFTWARE
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................3
Part 1............................................................................................................................................3
Commonwealth Bank of Australia..........................................................................................3
Organizational Structure..........................................................................................................3
Organizational Problems.........................................................................................................4
Strategies..................................................................................................................................6
System Acquisition Method....................................................................................................7
Control Problems in the System............................................................................................10
Process Designing..................................................................................................................10
Part 2..........................................................................................................................................11
Accounting Software Packages.............................................................................................11
Market Size............................................................................................................................12
Market Leaders and Competitors...........................................................................................12
Recommendations..................................................................................................................14
Conclusion.....................................................................................................................................14
References......................................................................................................................................16
2ORGANIZATION WITH ACCOUNTING SOFTWARE
Introduction
Accounting software is a kind of software of execution, which tracks and operates
different transactions of the department of accounting in the diverse effective modules like the
trial balance, accounts payable, accounting records and payroll (Galliers and Leidner 2014). It is
usually acquired from a third party vendor, or is spread by the company that is planning to take
accounting software or it can be an integration of both cases with slight changes.
The discussion of The Commonwealth Bank of Australia is given below. This review
helps to understand the basic organizational structure of the bank, the various organizational
problems in the systems such as the inefficiencies and the error with proper information and
graphs (Hallikainen et al. 2017). The review provides the sales flowchart of CBA. The market
size and the competitors are also mentioned here.
Discussion
Part 1
The Commonwealth Bank of Australia
One of the most recognized and popular banks is The Commonwealth Bank of Australia
(Commbank.com.au, 2017). They provide various finance related services. These services
include providing loans, investments, different banking.
3ORGANIZATION WITH ACCOUNTING SOFTWARE
Organizational Structure
The organizational structure of Commonwealth Bank of Australia covers the complete
management and corporate structure of the bank including all the managing bodies and
employees of the organization (Ismail and King 2014).
Figure 1: Organizational Structure of CBA
(Source: Commbank.com.au, 2017)
The above figure describes all the important managing bodies including the top
management, the middle management and the lower management levels of Commonwealth Bank
of Australia.

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