3ContentsIntroduction......................................................................................................................................4Part A...............................................................................................................................................4National bank of Australia...........................................................................................................4Different type of challenges on operational level associated with current accounting system....5Acquiring ERP based on Accounting Software-XERO...............................................................5Flowchart.....................................................................................................................................5Issues and frauds..........................................................................................................................6Part B...............................................................................................................................................7Australian Accounting packages of Software..............................................................................7Market Size of software based on Accounting............................................................................7Accounting software and competitive advantages.......................................................................7Drawback of Traditional Accounting Systems..........................................................................10Recommendations..........................................................................................................................10Conclusion.....................................................................................................................................11Reference.......................................................................................................................................12

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