Reflection on ‘Coming into the Murdoch community’
Question Preview:Part 1: Reflection on ‘Coming into the Murdoch community’. Part 2: What the literature says about the art of ‘coming into a new community’...
Solution Preview:In the indulgence factor, which is related to the engagement at Murdoch University, I was very much excited due to the factor that I was thinking that I would experience new learning. The main motive, which was prevailing within me, was in the area of a gathering of knowledge, which would be helping me in the near life, and academic area (Ott & Michailova, 2018). In the indulgence factor of the new community, I can say that I was entering into a new area of knowledge gaining which according to me would be very much beneficial in the gaining of knowledge and learning skills. According to me, whenever a person enters into a new community there can be an a different form of challenges, which can be faced. These challenge area had to be overcome in a minor framework and mostly getting used to the community was one of the most important aspects.
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.