Comparative Analysis of Accounting Software for B Bakery
Added on 2019-11-26
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Running head: ACCOUNTING INFORMATION SYSTEMAccounting Information SystemStudent Name:University Name:Author Note:
2ACCOUNTING INFORMATION SYSTEMExecutive SummaryThe reports deals with the discussion of various acting information software. B bakery is anorganization seeking employment of accounting software due to their inefficiency in carryingoperational activities. System requirements and business process of organization depicted in casestudy is also demonstrated. Different types of accounting software packages are compared andcontrasted for their implementation in B bakery.
3ACCOUNTING INFORMATION SYSTEMTable of ContentsIntroduction......................................................................................................................................4Answer to Question 1:.....................................................................................................................4Definition of Baker and Business Process description....................................................................4Part A...............................................................................................................................................4Business Process of the organization...............................................................................................4Answer to question 2:......................................................................................................................6Developing business requirements..................................................................................................6Part B: business processes that are indispensable to be performed................................................6Part C: Suitable outcomes of the business processes.......................................................................8Answer to 3:...................................................................................................................................10Determining system requirements.................................................................................................10Answer to question 4:....................................................................................................................13Determining selection of software.................................................................................................13a) Determination of adequate software..........................................................................................13b- Category of Accounting Software selection for the B bakery...................................................14Answer to Question 5: Selection of appropraite vendor for B bakery:........................................16Contrasting and comparing the two accounting functionalities software:.....................................16Conclusion:....................................................................................................................................19References:....................................................................................................................................20
4ACCOUNTING INFORMATION SYSTEMIntroduction:Small business are impacted by factors that helps in informational decision making thathelps in generation of valid, reliable and accurate information. Accounting information systemhelps in tracing and appropriate recording of the financial transactions of organization. They arecapable of interpreting and analyzing the financial data for producing relevant information thatwould assist in decision-making. Incorporation of tool of accounting information helps in controlof business related activities and makes the arrangement of budgeting and planning. In thismodern era, business faces tough competition and complex operational procedures.in order forsmall business to sustain and remain competitive in the complex environment, it is required bythem to adopt advance system of technology. It is depicted from the evaluation of case study thatB Bakery was not capable of producing products at competitive prices. A manual form ofaccounting process is followed by organization and following report demonstrate the technologyadoption for suiting the requirement of firms (Bodnar and Hopwood 2013).
5ACCOUNTING INFORMATION SYSTEMAnswer to Question 1: Definition of Baker and Business Process descriptionPart ABusiness Process of the organizationB bakery is a family owned business that is operated by around seventy employees.Business has been in industry for over fifty years and they are producer and distributor of breadand confectionary products. Over the years, business of B Bakery has experienced mixedfortunes but due to healthy product ranges, they have experienced growth. Nonetheless, there hasnot been significant growth in business of B bakery over the last few years. This has led toexpansion of business activities and increased operational activities. Currently, business of BBakery has been facing difficulties with accounts. Accountant team cannot assist in competitivedecision-making activities (Adenike and Michael 2016). This has led to failure of business tosell products at competitive prices as they have lost some of important accounts. B bakeryperforms a wide range of activities and this involves following:Production of Bakery products:Bakery produces products such as bread and confectionary products and is engaged inmanufacturing as well as supplying products. Supplying confectionary products and bread to pubchains, supermarkets and number of different businesses. Production is done on small scale andthis has led to inefficiency in business operations. The core process of business are production,supply chain management, accounts and human resource management (Simkin et al. 2014).
6ACCOUNTING INFORMATION SYSTEMManually business process-There was a manual process of recording books of accounts and preparing financialstatement of organization. Currently business did not have any efficient way of performingbusiness. The unique selling proposition of business of Bakery is that products ranges are offeredon healthier platform. Offering healthy products, ranges would help organization in gainingcompetitive strength. Organization has been compelled to switch to some of latest technologydue to their continued reliance on manual process of recording transactions. Product DistributionB bakery along with manufacturing the products such as bread and confectionaryproducts is engaged in supplying the products to various forms of business, pub chains andsupermarkets. Ineffective human resource managementAs provided in the case study that three are seventy employees working in organizationand organization does not have any pay roll structures. The recording of salaries and paymentdone to employees are recorded manually as there is not any proper accounting system. For thepast years, there has been increase in sales revenue. Due to incapability of staff members andemployees within organization to produce the products, any competitive price has led to loss ofsome key accounts of business. This lead to inefficient management of operations of business.Accounting department of organization does not have any accounting software. Human resourcedepartment of B Bakery is not sufficient for managing all the records of employees and staffsengaged with business (Suryadi et al. 2014).
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