Reference no: EM132640336
Question - Background - You are working in an accounting/management consultancy firm. Your firm is focusing on different aspects of the accounting information systems. One of your firm's clients is currently evaluating its accounting system, and the Chief Financial Officer (CFO) of your client thinks that they needed to invest in cloud-based accounting software to support the growth of the business.
Required - You are required to make a report to evaluate and recommend a cloud-based accounting software for an Australian ASX-listed company of your choice (your firm's client).1 The report should include the following components:
1. Background
Describe your client and its business activities.
Briefly describe the basic business activities involved in the revenue and expenditure cycles of the selected company.
And identify the weak internal controls in these business activities. Further, identify the risks associated with these weak controls.
2. Systems requirements
Outline the software features and functionalities that your client should consider to support its business activities.
3. Software selection
Visit the websites of at least two (2) accounting software package vendors (e.g. SAP, MYOB, Xero, etc.) and provide a brief description of each vendor and its products.
Compare and contrast the features/functionalities of two cloud-based accounting software packages offered by accounting software package vendors.
Identify the most suitable vendor and accounting software package for your client and explain why it is the best option.
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Performance documentation to determine research needs
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Hofstede dimensions of cultural value
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What impact does the product have on the environment
: What impact does the product have on the environment? Consider the materials/processes that must be used to deliver the product to the consumer.
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How meshed to maximize outcomes for the company
: How meshed to maximize outcomes for the company's business and how they diverged to create problems interfering with financial management.
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Briefly describe the basic business activities
: Briefly describe the basic business activities involved in the revenue and expenditure cycles of the selected company
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What are the environmental impacts of the pollutant
: The Industrial Revolution led to mass production of goods, rapid human population growth, and societal expansions. With these advancements, air and water.
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Describe significant long-term assets purchased
: Describe significant long-term assets (type and amount) purchased, sold, or retired during the current period as well as last year.
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Post the journal entries to general ledger accounts
: Nov. 13: She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $125 cash. Post the journal entries to general ledger accounts
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Accept the terms of downloaded software
: When asked if you "accept the terms" of downloaded software, describe how clicking "yes" indicates you have entered into a contract.
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