Assignment 1: Literature Review of Aquila Shoe Manufacturing Company

This report presents a literature review focusing on Aquila Shoe Company, a shoe manufacturer. It begins with an introduction to the company and examines its organizational structure and operational challenges, particularly concerning stock management and potential fraud. The report explores system acquisition methods and includes a sales system flowchart and identification of control problems and types of fraud. Part 2 delves into the development and adoption of accounting software, comparing market shares and competitive advantages of Xero, MYOB, and Intuit. Customer-facing challenges are discussed, and recommendations are provided to improve the company's strategic information systems and mitigate risks related to fraud and operational inefficiencies. The report highlights the evolution of accounting software and the current market landscape, emphasizing the importance of cloud-based solutions.

Assignment 1 (Literature Review)
Student Name
Student Code
HI5019 STRATEGIC INFORMATION SYSTEMS T1 2017
Faculty Code

Running Head: ASSIGNMENT 1 (LITERATURE REVIEW) 2
Table of Contents
PART 1.......................................................................................................................................................3
Introduction.............................................................................................................................................3
Organizational Structure..........................................................................................................................3
Operational Problems / Issues..................................................................................................................4
System or Framework Acquisition Method.............................................................................................4
Sales System Flowchart...........................................................................................................................5
Control Problem Identification / Sorts of Fraud.......................................................................................5
PART 2.......................................................................................................................................................6
Introduction.............................................................................................................................................6
Development and Adoption (Accounting Software)................................................................................6
Market Share & Competitive Advantage.................................................................................................8
Xero.....................................................................................................................................................9
MYOB...............................................................................................................................................10
INTUIT..............................................................................................................................................10
Customer facing Challenges..................................................................................................................11
Recommendations / Suggestions...........................................................................................................11
References.................................................................................................................................................13

Running Head: ASSIGNMENT 1 (LITERATURE REVIEW) 3
PART 1
Introduction
Aquila is a shoe manufacturing company incorporated by Tony Longo in the year 1958 in
Melbourne (Australia). Currently they are having their stores in around 30 locations. They
manufacture shoes for children and men along with accessories like bags, belts, ties etc. (About
Us, n.d.)
Organizational Structure

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Operational Problems / Issues
Stock administration ought not to supervise the stock in stockroom, obtaining stock, and stock
control. Managing these three leaves a great deal of chance for robbery and misrepresentation.
Rather, they ought to be part between three distinct offices. There ought to be a record office that
supervises the stock control and a conveyance office that directs the stock to stockroom. The
creation foreman likewise ought not administer the get together, cost bookkeeping, timekeeping,
and finance preparing. This is the place there can be burglary and extortion by controlling time
and finance. The generation foreman ought to be responsible for gathering and timekeeping, cost
accounting and finance ought to be directed by bookkeeping. The business chief ought not to
regulate the item deals, credit endorsement, and client charging. There is excessively space for
misrepresentation when somebody is accountable for both item deals and client charging. Rather,
they should just supervise item deals. (Fontinelle) The budgetary director ought not to supervise
money receipts, records of sales, money payment, and records payable. Rather they ought to
direct credit endorsement, money distributions, and money receipts.
System or Framework Acquisition Method
This organization has non remarkable data needs which can be content with a totally completed
business system and prepared for execution. Normally, business frameworks are universally
useful or altered to particular industry or business. The end client will have standard or typical
business hones that allow the utilization of off-the-shell or canned frameworks, utilized with
practically no change. (Hall)

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Sales System Flowchart
Control Problem Identification / Sorts of Fraud
The stockroom chief is in charge of refreshing the stock backup (record keeping).
Stockroom supervisor figures out what ought to be requested (approval) and the puts in the
request (exchange handling). The accompanying fakes could come about because of these
control shortcomings:
A. Kickback misrepresentation - Since stockroom supervisor chooses the provider and
furthermore puts in the request, he could arrange stock that is not required or that is
above market cost from a provider with whom he has an individual false course of action.
In return, the provider pays a kickback to the stockroom director.

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B. Vendor misrepresentation - Warehouse chief approves, arranges, and gets the
merchandise; he could set up himself as a seller and process fake exchanges.
C. Theft of stock - Warehouse supervisor can basically expel the benefits from the
distribution center, offer them, and alter the stock records. A compromise between the
physical stock close by and the records would show no errors.
PART 2
Introduction
As the time is passing we are ending up increasingly engaged with innovation and
computerization gave through PCs in playing out our day by day routine undertakings. Today
PCs handle practically everything in our lives in the case of running enterprises, giving
amusement or empowering our worldwide interchanges soon they will likewise drive our autos.
Bookkeeping and PCs are normally associated with each other and go about as a blood line for
the organizations whether little or vast. Following resources and exchanges has dependably been
the essential plan of bookkeeping data frameworks and are firmly identified with the early
advancement of numbers, math and notwithstanding composing. This archive will give brief
history, advancement and appropriation, Current market size, holes and difficulties confronting
clients of virtual products/bundles and will lay out specific proposals utilizing subjective
research approach. (Hopwood & Bodnar, 2003)
Development and Adoption (Accounting Software)

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It's difficult to pinpoint the particular time when PC age began however the present day PCs are
accessible to. Backpedaling further into the history the primary at any point electronic
bookkeeping frameworks innovations have started in 1890's with the production of Hollerith
gadget that was particularly intended for taken a toll bookkeeping and computations
Until the point when the mid twentieth century PC was regularly perceived as a framework
whose employment was to figure aggregates. Bookkeeping and PCs have normal and natural
impact on each other. In 1955 (60 years back) the main ever current advanced PC was made and
sold to a private business which used it for bookkeeping purposes. Around then the electronic
PCs were at that point providing food the necessities of military and logical applications. Yet,
they were not marketed regularly as a result of their enormous weight and space needs. The main
ever Univac establishments began in 1954 and it took months to really introduce the framework
and furthermore just prepared specialists could program and work the framework. General
electric was the greatest assembling power house around then and was the first to buy Univac
from Remington-Rand (now Unisys) for its new apparatus processing plant situated in Kentucky
in 1954. Around then when the primary Univac was tried for finance purposes it took right
around 40 hours and it was the start of present day bookkeeping data frameworks.
(accountingedu.org, n.d.)
As time passed PC frameworks enhanced and permitted individuals a simplicity of utilizing the
frameworks through more elevated amount improvement apparatuses, genuine codes and
propelled programming. Development of bookkeeping programming reformed the bookkeeping
forms. In 1960 IBM grew first report era dialect known as 9pac. Around then each organization
had diverse bookkeeping frameworks reasonable to their specific prerequisites. 1970 was the
decade when programming organizations prevailing with regards to creating one summed up

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bookkeeping application ready to cook needs of different organizations through its adaptable
elements with the presentation of SAP RF in 1973. Following SAP RF other secluded
applications was additionally created over the later period went for assorted business needs. The
essential motivation was to upset the connection between chiefs and information stores. Chiefs
could pose budgetary inquiries and gather stores of data enabling more individuals to determine
expanded levels of significant worth from their PCs.
In 1981 Peachtree offered its first historically speaking coordinated office suite including word
processor and spreadsheet enabled the clients to utilize the product on different equipment.
Microsoft likewise imagined its office suit following seven years. 1983 was the year when Intuit
was established and furthermore propelled their first application focusing on people and families
known as Quicken. In mid-1980's another organization propelled its Accounting programming
application which was particularly focused for independent companies and furthermore got
enormous prominence among private ventures. Later on the organization named as MYOB
constrained. (Small Businesses More Optimistic Despite Climate of Change)
21st century current bookkeeping is substantially more refined and progress and scarcely there
any examination with its foundations. Today bookkeeping frameworks are not just constrained to
monitoring store of grains or exchange of domesticated animals yet additionally incorporate
twofold passage accounting, refined ventures, business entities and enveloping complex
measures, for example, GST. The eventual fate of modernized bookkeeping frameworks is
presently heading towards distributed computing, a system which permits the organizations
practical, secure and helpful online stockpiling with a la mode bookkeeping programming.

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Market Share & Competitive Advantage
Australia's bookkeeping programming market is mostly immersed with three vital organizations
to be specific Xero, MYOB and QuickBooks by Intuit. Xero is the market pioneer in cloud
bookkeeping programming in Australia with 147,000 clients all around Australia as of
September 2014 which is twofold than the earlier year in 2013. A startling 96% expansion just in
one year. Following MYOB at the second place, with 100,000 web based bookkeeping
programming clients all around the Australia, which represents 70% of their business. Speedy
books are a cloud bookkeeping programming particularly planned by Intuit. Speedy books have
increased immense accomplishment in U.S distributed computing programming however in
Australia it's battling till now. They are idealistic and ready to accomplish bigger offer in the
Australian market soon.
Every one of the three contenders have their own upper hand over each other talked about
underneath (Weickgenannt & Turner)
Xero
Xero cloud bookkeeping gives its clients a simplicity of openness, all that is expected to
associate with Xero cloud bookkeeping is a web association. They additionally have portable
application for the Xero clients to refresh their information through their mobiles which is
appropriate for iPhone, iPad, and Android gadget clients. Xero bookkeeping programming does
not require its clients to be bookkeeping experts. Its instinctive UI is anything but difficult to
utilize and get it. Through Xero's Application Programming Interface clients can import and fare
information from different applications that are advantageous in enhancing the general
procedures. Xero has under its umbrella 300 extra accomplices to improve the client's
understanding. Xero cloud bookkeeping remunerates its clients by tolerating boundless clients in

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one record that can collaborate to enhance their execution. Xero gives the most components
when contrasted with its closest rivals that incorporates however are not constrained to its term's
of straightforwardness while accommodating keeping money exchanges auto-enter information,
taking care of fundamental and complex bookkeeping undertakings, Xero's multi cash ability and
so forth. (Xero Features, n.d.)
MYOB
MYOB diminishes the time that manual bookkeeping could take to record exchanges. MYOB
synchronizes data and it likewise mechanize credit notes, payrolls, buy requests and
progressively and helps in lessening tedious procedures. MYOB evacuates human mistakes
through its control frameworks that enable the framework to diminish excess blunders, expel
copy blunders also. MYOB enables its clients to pay month to month expenses rather than
forthright capital cost taking out upkeep costs, refreshes, reinforcements, equipment
disappointment and so on. (Myob Essentials, n.d.)
INTUIT
Intuit enables organizations to utilize its desktop programming particularly for organizations that
are not prepared to acknowledge change enthusiastically to distributed computing. So Intuit is
giving them the straightforwardness by giving same quality programming to their desktops with
respect to the cloud bookkeeping users. Intuit is using its assets in new fields in cloud
bookkeeping where the opposition is low. Intuit is incorporating all parts of bookkeeping
frameworks under its umbrella that incorporates finance, advertising, bank nourishes, purpose of
offer, loaning and bookkeeping. Intuit is now making them accessible on its cloud. Later it

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additionally has plans to move every one of them into Quickbooks on the web. This speaks to
immense administrations to dominant part of organizations and eventually colossal benefits.
(Popular Quickbook Features, n.d.)

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Customer facing Challenges
Bookkeeping programming clients are confronting quantities of difficulties postured by
programming organizations recorded like
1. Lack of security
2. Weak detailing administration
3. Lack of proficiency
4. Non easy to understand and hard to modify
5. Lack of components and costly
6. No bank compromise include
7. Poor Customer Relationship Management
8. Slow speed
Recommendations / Suggestions
Stock administration ought not to regulate the stockroom, obtaining, and stock control.
Administering these three leaves a ton of chance for robbery and misrepresentation. Rather, they
ought to be part between three distinct offices. There ought to be a record division that manages
the stock control and an appropriation office that supervises the stock distribution center. The
creation foreman likewise ought not manage the gathering, cost bookkeeping, timekeeping, and
finance handling. This is the place there can be robbery and misrepresentation by controlling
time and finance. The generation foreman ought to be responsible for get together and
timekeeping; be that as it may, cost bookkeeping and finance ought to be directed by
bookkeeping. The business supervisor ought not to direct the item deals, credit endorsement, and