ERP System and Accounting Information

The assignment examines the relationship between ERP systems and accounting information systems. It delves into how ERP impacts system standards, documentation, data retrieval from internal and external sources, customer order processing, and financial reporting. Emphasis is placed on the integration of general accounting functions with information management systems for effective ERP implementation.

Westpac Accounting Information System
Report

Executive Summary
The Australian software is for the application software, with the easy processing of the records
and how the processes are handled with the functional modules like the accounts payable and the
payroll with the trial balance. The report is about the Westpac which is one of the Australian
company with the largest branch network that includes the different operational usage with the
use of the best ERP systems. It also focuses on the issues that are related with the issues in the
organization that have been discussed. With this, the check is on the sales and the services for the
small-to-medium enterprise, commercial and the agricultural customers in Australia. The assets
are set with the operations that are for the facilitating the products and the services.

Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................3
Part A...............................................................................................................................................3
Structure of Organization............................................................................................................3
Issues in the operations................................................................................................................4
ERP Systems................................................................................................................................4
Flowchart for Sales......................................................................................................................5
Issues related................................................................................................................................6
Part B...............................................................................................................................................6
AIS Package.................................................................................................................................6
Marketing Size.............................................................................................................................7
Marketing Leaders.......................................................................................................................7
Limitations...................................................................................................................................8
Recommendations............................................................................................................................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

Introduction
The report focusses on how Westpac is able to balance with the different accounting data and the
formats related to the payroll and the inventory. (Westpac, 2017). Here, the functionality is based
on working over the secured networks with proper solutions of data feeding in the business. The
small business customers with the broad range of the financial services are working with the
AIS, where the operations are for the product teams, and the transactional banking. Westpac
focus on the operations that are in Australia, New Zealand, US etc. Here, there are funds
management operations which include the distribution of the investments and the product
retirement as well. This works with the solutions that covers the manufacturing and the proper
distribution of life that includes the lenders of the mortgage insurance. The Westpac includes
how the inefficiency and the errors need to be evaluated with the proper meeting of the demands
and the other accounting forms. The proper access is allowed with the third-party package
software that could be accessed at any time with the internet enabled functions with the
complexity and the costs. The proper access is through the business systems which includes the
handling of the security of the data, where Xero and MYOB is able to handle the transactions.
All the small business customers work on allowing the customers of the bank to use the ATM
card or the check card, but to make sure of not sharing their personal details. (Zaheer, 2015).
Part A
Structure of Organization
It has been that Westpac is working on operations with the financial services that are being
offered through the electronic banking, deposits and the loans. It includes the international
trading facilities to handle the personal and the business customers. The bank also focuses on the

product development with the easy delivery of the services to the customer, with handling the
responsibilities based on the customer segments for the better leadership. The structure also
includes how the customer bases with the retail banking is able to work towards the different
procedures of banking. The investments with the insurance includes the support services which
include the third-party functions from the brokers and the agents. Westpac also works on the
changing organizations with the funding mining company Bathrust with gaining the resources to
mine the coal. The effects are based on the assessment of the sustainability development.
Issues in the operations
There is a possibility that Westpac has to handle the different issues related to the ATM card not
working or the overcharging that is being done to the customers other of Australia. Hence, for
this, there is a need to keep a check on all the cashless transactions so that the customers do not
have to face issues which will deplete the usage of the electronic services as well. (Adenike et
al., 2016). Here, the errors also include the online platforms with customers who tend to drive
away.
ERP Systems
It includes the Integrated Banking Service that will also be able to offer a proper support and the
automation, security and the management of the files, then transferring the files in between the
organizations. The host-to-host communication will also help in enabling the financial
application systems with sending the payment instructions and receiving the reports and the
account information to properly handle the bank reconciliation process. (Westpac, 2017). The
ERP will help in the saving of time and the money with the automation of the payment process.
It will also work on the improvement of the business efficiency and the increased accuracy is for
the processing in the payment along with mitigating the fraud risks and by properly encrypting

and then transmitting the payables and the receivables data. The gain is for the greater visibility
of the accounts with the increased control to handle the reports and the automation
reconciliation. The positions and the preparation of the business is set through the standardized
message formats.
Flowchart for Sales
This includes the working on how the sales and the other vendors are able to manage with the
reviewing of RFQ and the preparation of proper quote so that there is a timely delivery of the
orders. Along with this, the preparation of the invoice and then receiving of the payments is done
through the forms where there is a proper approval to work on reviewing the quotes. (Tan, 2016).

The preparation is based on working over the system evaluation with the proceedings set for the
shipping officers.
Issues related
There are other standards which include how the standards and the other functioning processes
need to be evaluated based on the Xero system. The functionalities and the possibilities of the
data are based on evaluating the linkages for the system setup. (Westpac, 2017). The employees
ID and the data deletion is considered to be a major issue where there are some people who try to
connect their bank accounts to the name of the employees who have left the company. The issues
are related to how the users work on accessing and making use of the different system network
connections (Olayinka et al, 2016). The floating of the money and handling the account ID is
through working over the systems with the user sets that are for the lower patterns. Here, the
issues are also related to the use of the storage systems and the working that is done through
proper designing of the software. It is important to balance and work towards the performance
standards which needs to evaluate the unbalanced errors.(Smith, 2017).
The best and the major solution to the system is to work on handling the system files with the
possibility where the user works to maintain the system privacy. The possibility is set for the
monthly updates with setting and data deletion of the files, that are seen to be irrelevant.
Part B
AIS Package
The AIS is based on the system of the IBM with the focus towards the handling of the system
dynamics. With this, there is an easy report generation for this which includes the different types
of the regulatory frameworks as well as the tax agencies. The working is based on the inventory

orders with the real time applications that include the sales that could be made through the
invoice customers and the processing of the efficiency with the reduction in the fraud risks. (Lim
et al., 2014). The integration with ERP system includes SAP and Oracle where there are
standards for the institutional bank to access the innovative online portal Quick Service that will
help in the easy flow of the cash and the management. (Hansnata, 2016). It will lead to the
enhancement of the visibility with the control to the applications based on the formats and the
increased Straight Processing and reconciliation with ERP and the back-office applications.
Here, the structural standards also include the accounting applications which work towards the
management of the processor system and meeting the MYOB which includes how the company
is able to acquire and then meet the larger number of the organizational structures. The standards
are set with the reduced forms of the paperwork. (Yigitbasioglu, 2015).
Marketing Size
For this, the check is on how AIS is able to improve the software requirements with the setup on
how the investors and the creditors are able to proceed towards the booking and the accounting
system technology. Here, ERP works on the check with the basis to improve the accounting
systems and the software packages. The architectural dimensions are based on processing the
data with the focus on collection and working on the proper information storage. The
information also depends on the working where the clerk can also enter the details of the
different marketing structures and the invoice. (Westpac, 2017). The costs are determined
through the different ledgers and the generation of handling different accounts.
Marketing Leaders
Westpac is working on the corporate customers with the ability to handle the payments and work
for the handling of the different transactions. Here, Xero also focus on the marketing standards

which includes how the sectors are able to maintain the system programming with the accounting
software. The consistency is based on how Westpac is able to administer to the different uses of
the reliable standards and handling the consistency of the system. (Olayinka et al, 2016).
Limitations
There are issues related to the working and handling the security of the system. For this, the
check is on how to work towards enabling the users with the hold to work for the third party
vendors. It includes the handling the of the market with the fast time access with proper check on
the system functioning as well as the other individual forms. There are other issues for the
industry standards where there is a increased risk related to the vendor business failure or the
smaller development team. This will also include the reduced availability of the support and
reducing the cost of implementation as well. (Smith, 2017). Hence, for this, the evaluation of the
training time and the costs need to be done for proper implementation.
Recommendations
The Westpac should work on the cloud computing patterns where there is an easy processing and
handling of the encryption that could be done. Hence, for this, the major focus is on development
of the structure of the system. along with this, the challenge is to acknowledge and work on the
desktop factors with the cryptography standards related to the associated software. The measures
are also related to work on the security factors along with working over the reports that are
mainly to deal with the consolidation programs with the proper evaluation of the system
requirements. Here, the competitive edge is important for improving the efficiency and then
working on the needs with risks management and the governance techniques.

Conclusion
The check is maintaining the documentation with the proper check on how ERP will be able to
work on the system standards with the retrieval of the records that are for the internal and the
external sources. The online order for the customers and the procedures are acknowledged to
work on the different functioning of the system. (Dunbar et al, 2016). The storage of the
information, and then retrieving the records are mainly to handle the sources of the internal and
the external frames, where all the customer online orders and the procedures are for storing the
information to work with the different users and the information. The accounting information is
based on including the financial patterns, with the related activities that are for the management
with the focus on the measurement, analysis and the records that are for the bookkeeping
processes with the double entry that is considered to be important. The accordance is set to hold
and work on the financial statements which relates to work on the system standards. The general
accounting functions with the management of the information systems could easily be integrated
to take hold of the robust databases and plan for the ERP software in an effective manner.

References
Adenike, A.T. and Michael, A.A., 2016. Effect of Accounting Information System Adoption on Accounting
Activities in Manufacturing Industries in Nigeria.
Dunbar, K., Laing, G. and Wynder, M., 2016. A content analysis of accounting job advertisements: Skill
requirements for graduates. The E-Journal of Business Education & Scholarship of Teaching, 10(1), p.58.
Hansnata, M., 2016. The impact of digital innovation on the social structure of professional public
accounting practice in Australia.
Lim, N. and Perrin, B., 2014. Standard Business Reporting in Australia: Past, Present, and
Future. Australasian Journal of Information Systems, 18(3).
Olayinka, O., Wynn, M.G. and Bechkoum, K., 2016, May. Process Analysis and e-Business Adoption in
Nigerian SBEs: A Report on Case Study Research. In eKNOW 2016, The Eighth International
Conference on Information, Process, and Knowledge Management (pp. 57-63). ThinkMind.
Olayinka, O., Wynn, M.G. and Bechkoum, K., 2016. E-business adoption in Nigerian Small Business
Enterprises. International Journal On Advances in Systems and Measurements, 9(3/4), pp.230-241.
Smith, H., 2017. Xero for dummies. John Wiley & Sons.
Tan, L.M., 2016. Professional skills required of accountants: What do Australian and New Zealand job
advertisements tell us?.
Westpac.com.au., 2017. Annual reports | Westpac. [online] Available at:
https://www.westpac.com.au/about-westpac/investor-centre/financial-information/annual-
reports/
Yigitbasioglu, O.M., 2015. External auditors' perceptions of cloud computing adoption in
Australia. International Journal of Accounting Information Systems, 18, pp.46-62.