University Accounting Systems and Processes Presentation

This presentation analyzes the advantages and disadvantages of implementing a new accounting system, focusing on a case study involving Tilly's Pet Supplies. It explores potential benefits like increased profitability and preservation of capital, while also addressing drawbacks such as increased costs and potential complications. The presentation outlines various risks associated with system upgrades, including fire hazards and unstable power, and suggests mitigation strategies. Furthermore, it provides recommendations on the feasibility of system installation, emphasizing the importance of balancing investment with product quality and profitability. The presentation also discusses the role of an IT specialist and the long-term benefits of technology upgrades. This presentation covers key aspects of accounting systems and processes to provide a comprehensive understanding of the topic.

Transcript Presentation
Hello Everyone, my name is ___________. I am here to put up a presentation on the
topic that we are having a discussion on. It is on the Accounting systems and processes.
Now we will have a discussion on the key advantages and the disadvantages on the
installation of the new system. The advantages of making the new system would be that it
would help the organisation to get back to its former position. The profitability of the firm
will also increase, which in turn would lead to the minimisation of losses. It would lead to the
preserving of the capital. The diversification in the system by way of introducing a new
system can help in the protection of savings. As per the claim of Sam, it would lead to the
involvement of a lump sum capital. However, any investment which would generate better
revenue is worth the investment.
The prime demerit to it would be enhancement in the cost of the company. When the
cost of the operations increase the cost of the products concerned will also increase. It may
also lead to the reduction in the quality of the products of the enterprise. When the products
of the business are being compromised on quality, the sales of the firm will also reduce. This
in turn will lead to the reduction in the revenue and also may lead to the reduction of the
profitability of the company. Another important demerit to the introduction of the system
would be that it will lead to complications which are not so necessary. When a portfolio
becomes complicated, it becomes difficult to carry on the operations of the business. This has
an utmost negative impact on the business. When there are too many assets in a portfolio or a
new system is introduced, it becomes an index fund. If an index fund is at all needed, it is
always better to buy an index fund. But wasting the transaction fees on the purchase of
numerous assets that morph in to an index fund is not right.

Now I will introduce you all to the risks that are associated to the new system and also
the ways by which the risks can be mitigated. There are various risks like risks relating to
fire. The help of the automatic fire detectors and extinguishers could prevent it. Usage of air
condition can also reduce the amount of moisture in the air, which may be useful to control
humidity. The unstable power cuts would also be a threat, which could be prevented with the
help of the Voltage controllers.
I would like to take some time to provide some valid recommendations on the
feasibility of the installation of the new system. The diversification in the system by way of
introducing a new system can help in the protection of savings. Therefore, it is recommended
that the company should not utilise its funds to the extent that it leads to the reduction in the
profits or a compromise in the quality of the products concerned.
There is another important aspect in the report which talks about the claim by Sam
Potter. As per the claim of Sam Potter, the argument is that Sam Potter is ready to bear the
costs that are associated with the installation of the new system along with the Information
technology specialist.
However, the new system, would help the company to regain its goodwill as it used
to have before. So now if it installs a new system along with the Information technology
specialist, it will lead to the increase in the fixed cost as well as the operating cost, as they
have pay salary to the Information technology specialist. However, if someone takes in
charge of the up gradation of the technology, it will lead to the benefit of the company on a
long-term basis.