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Strategic Information Systems HI5019

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Holmes Institute Sydney

   

HI5019 Strategic Information System assignment (HI5019)

   

Added on  2020-03-01

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HI5019 - This study seeks to provide an understanding of strategic information systems employed in this company with a focus on the accounting information packages by understanding the current company structure and some of their operational challenges as well as understanding its interaction with accounting information software.

Strategic Information Systems HI5019

   

Holmes Institute Sydney

   

HI5019 Strategic Information System assignment (HI5019)

   Added on 2020-03-01

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Strategic Information Systems 1
STRATEGIC INFORMATION SYSTEMS: ACCOUNTING SOFTWARE PACKAGES (A
COMPANY REVIEW)
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Strategic Information Systems HI5019_1
Strategic Information Systems 2
Introduction
It is not common for businesses to operate without having accounting departments. The success
of a business in most cases depends on the organizational structure of that company, which also
often keeps on changing as the business grows. With an increase in business transactions,
accounting has continually to become a very important aspect of an organization or business
since the financial success or performance of the business is measured by the information
provided in the company financial statements (Peppard and Ward, 2016, p. 2). It has led to
development, adoption, and implementation of accounting software packages by many
businesses or companies in a move to improve their operations and services to their clients. One
of the companies recognized for the use of accounting packages in Australia is the Greenberg
and Co. Chartered Accountants which are known for offering quality financial solutions to their
clients. This study, therefore, seeks to provide an understanding of strategic information systems
employed in this company with a focus on the accounting information packages by
understanding the current company structure and some of their operational challenges as well as
understanding its interaction with accounting information software.
Part one
Accounting information software’s are business applications software that has been developed or
designed to record as well as process accounting transactions within a business by use of
functional models. Some of the common modules include business trail balance, company
payroll, billing, accounts payables and accounts receivable as well as a company or business
general ledgers. Such accounting software functions as accounting information systems or
strategic information systems (Cassidy, 2016, p. 3). The strategic information systems function
Strategic Information Systems HI5019_2
Strategic Information Systems 3
as systems which merge business technology and business strategic planning to bring about a
change in an organizational structure to a better on as well as help the company or business to
execute its objectives as well as improve to meet the responses of the dynamic market
conditions.
The success of any business is dependent on its structure. Business structures are developed to
help the company achieve its goals and objectives. Greenberg & Co Company is dedicated to
providing its clients with solutions to their business problems as well as help to come up with
effective planning strategies for their prospective creditors. Organization structure defines the
hierarchy as well as the scope of acceptable behavior within an organization (Lim and Perrin,
2014, p. 3). It can as well help or hinder the progress of a business towards accomplishing its
goals. The common business structures used by many companies include functional, divisional
as well as matrix structures.
The functional structure allows each portion of a business to be grouped according to its purpose
and it’s found to work well for the small businesses. The divisional structure is used mostly by
large companies which operate in a wide geographical area. It helps meet the needs of the
company more rapidly and specifically, however, it’s costly because of the size and scope of the
business. On the other hand, a matrix structure is a hybrid of both the divisional and functional
structure (Broida and Flora, 2015, p. 47). It provides the organization to enjoy both the benefits
of the functional structure as well as those of the divisional structure. The Greenberg & Co
Company therefore due to its size and scope of its operations employs the use of the divisional
structure. This allows the company to perform its activities and meet the demands of their
customers as well as their employees.
Strategic Information Systems HI5019_3

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