What processes are indispensable to be performed

Assignment Help Accounting Basics
Reference no: EM131197384 , Length: word count:3750

Group Assignment Scenario

B Bakery is a family owned firm with around 70 employees and sales revenue increased to more than $ 13.5 million during the past year. It has been in business for over 50 years and supplies bread and confectionary products to a number of different businesses, including supermarkets and pub-chains. The firm has experienced mixed fortunes over the years in terms of business performance, but in the last few years has experienced a growth in orders for some of its new healthy product ranges. However, the Bakery has recently lost some key accounts as a result of being unable to produce some of its products at a competitive price.

Although the firm hired an accountant who was keeping their books for them and producing the financial statements each year, the firm thought they needed much more information to really run their business efficiently. They felt that they needed to make an investment in an accounting software to take their business to the next level.

Assignment Requirements

In groups of three or four, you are required to conduct desk research on AIS/ERP Systems for your above client. Prepare a Business Report for the client detailing the following processes of selecting an AIS/ERP:

1. Define business processes

a) What a Baker does? Discuss the business activities/processes of the organisation to show your understanding about the business. (600 words)

2. Develop business requirements

b) What processes are indispensable to be performed? (350 words)

c) What outcomes are required from these processes to achieve business objectives? (350 words)

3. Determine the systems requirements

a) What are some of the possible software features or functionalities that the firm should consider to achieve their IT investment objective? (700 words)

4. Software selection

a) Visit the web sites of accounting software package vendors (e.g. SAP, MYOB, Xero etc.). You need to visit at least 3 (three) software vendors' websites.

b) Which category of accounting software (low, medium or high-end/ERP) suitable for the firm? Give your justifications in detail. (300 words)

5. Vendor selection

a) Compare and contrast the features/ functionalities of two accounting software packages offered by accounting software package vendors (e.g. SAP, MYOB, Xero etc.) within your selected category in question 4. (600 words)

c) Which one would be the most suitable vendor (and accounting software package) for the Bakery business and why? (600 words)

Format of the Report

1. You at least should have the following details:
a. Assignment Cover page clearly stating your name and student number
b. A table of contents, executive summary
c. A brief introduction or overview of what the report is about.
d. Body of the report with sections to answer the above questions and with appropriate section headings
e. Conclusion
f. List of references.

2. Diagrams and tables clearly labelled and explained.

3. Ensure all materials are correctly referenced. Plagiarism will be severely penalised.

Reference no: EM131197384

Questions Cloud

How long does it take the hot truck to collect payment : The average accounts receivable balance is $44,700. On average, how long does it take The Hot Truck to collect payment for its services?
Find the area of the room : A carpet is to be installed in a room of length 9.72 m and width 5.3 m. Find the area of the room retaining the proper number of significant figures.
What dilemmas are created for police departments : If most youth gangs are racially and ethnically homogeneous, should law enforcement use race and ethnic-specific strategies to fight gang formation and control gang crime?
Wall on a frictionless skateboard : If you stand next to a wall on a frictionless skateboard and push the wall with the force of 40 N, how hard does the wall push back on you? If your mass is 80 kg, calculate your acceleration.
What processes are indispensable to be performed : What a Baker does? Discuss the business activities/processes of the organisation to show your understanding about the business - What processes are indispensable to be performed?
What is jeremy''s total income tax liability : Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremy has two qualifying dependent children who live with him. He qualifies to file as head of household and has $17,000 in itemized deductions. Neither of his depend..
Encompassing the rotor at the rotor plane : For the Betz limit, what is the ratio of flow areas for the stream tube encompassing the rotor at the rotor plane upstream and downstream?
What sampling technique is used in such a survey : List an advantage and a disadvantage of a survey conducted in this manner.
What are the disadvantages of the medical model : What are the advantages and disadvantages of the medical model? Explain. What are the advantages and disadvantages of the psycho/social/behavioral model? Explain.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determining unit of finished product

Each unit of a finished product contains 2 yards of cloth. However, there is unavoidable waste of 20%, calculated on input quantities, when the cloth is cut for assembly. The cost of the cloth is $3 per yard. The standard direct material cost for ..

  In legal form a partnership ends when a partner leaves the

in legal form a partnership ends when a partner leaves the partnership or a new aprtner joins the partnership. though

  Non-exclusive license of foreign patents

BlueCo is a US corporation with multiple business activities. On January 1, 2009, BlueCo granted a non-exclusive license of foreign patents to Rosso Ltd., an unrelated foreign corporation

  Azen company reported net income

Azen Company reported net income of $190,000 for 2012. Azen also reported depreciation expense of $35,000 and a loss of $5,000 on the sale of equipment.

  Prepare the t-account entries for stock transactions

Prepare the T-Account entries for the following stock transactions of the ALEXANDER Corporation: Issued 1000 shares of $2 par common stock for $68 per share. The down payment is $52 per share with the remainder to be paid in three months.

  Amortization of bond discount or premium

A corporation issues for cash $15,000,000 of 8%, 30-year bonds, interest payable annually, at a time when the market rate of interest is 9%. The straight-line method is adopted for the amortization of bond discount or premium. Which of the followi..

  Omalley inc purchased an asset costing 90000 annual

omalley inc. purchased an asset costing 90000. annual operating cash inflows are expected to be 20000 each year for six

  At december 31 2012 redmond company has outstanding three

at december 31 2012 redmond company has outstanding three long-term debt issues. the first is a 2045900 note payable

  How are they recognized in income determination

Under what circumstances are contingent rentals included or excluded from minimum lease payments? If excluded, how are they recognized in income determination?

  Lack of intention to create a legal relationship

1. Explain the circumstances in which the courts will refuse to enforce agreements as contracts because of a lack of intention to create a legal relationship.

  Business sector opportunities for accountants

Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.

  Probability distribution in research

Marketing share of mechanical watches where at an all time low of 5%. Research so far has indicated that the watches tend to fail three tests frequently and you need to recommend machines that need to be upgraded because they may be responsible fo..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd