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    Literature Review Critique

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    HI6025 Accounting Theory and Current Issue INDIVIDUAL ASSIGNMENT Instructions: Assignment should be of 2,000 words. Guidelines for Literature Critiques Students are require to read and understand assigned article. Students must submit a critique of assigned academic article. Please follow the format to complete your assignment. Details about the format, structure and assessment criteria for the critique are presented below. Remember that the critique is due in end of week 6. FORMAT: 2000 words (maximum) The critique submission should be typed. Work should be double-spaced with a...

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    The article takes into consideration the approach that conducts the research in the field of accounting. There are many of the positive forms of the research in the field of accounts. This also comprises of the intellectual project which forms the part of the research and this helps in knowing the exact cause and the effect of the various relationships that revolves in and around the world. The human behaviour is one the causes of the setting up of accounts and this is quite complex and large when it comes to nature.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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