Securing Higher Grades Costing Your Pocket? Book Your Assignment At The Lowest Price Now!

- +
250 Words
Upload File
    Choose Your Topic

    Accounting Information Systems and client’s problems and evaluate a solution to meet their business needs.

    Question Preview:

    Pressure Hydraulics is a locally owned business that currently has three service centres; Newcastle, Toronto and Maitland. Each service centre provides maintenance and specialised servicing of hydraulic systems as used in cars, trucks and earth moving equipment. The Maitland service centre also provides a specialty service to the mining industry where two purpose built trucks go onsite to service a range of mining equipment. The business has become quite profitable in the past years and its owner, Allan Taylor, has devised plans to expand by opening service centres at Coffs H...

    Solution Preview:

    There is a very profitable local business, which provides maintenance and servicing of hydraulic systems, which are used in cars, trucks, earth-moving equipments. They were operating from three service centres. Now the owner has decided to expand the business with more number of service centres. The owner is facing scarcity of resources both with regards to time and resources to carry out the expansion plan and hence is looking for an IT solution to help him deal with the solution.

    Currently, the entire process of the business is carried out manually. That is, right from the stage of procurement of order to banking the inflows of the business happens by manual intervention. This has resulted in a great deal of difficulty in managing the business. It had lead to over burdened staff, delay in updating the master rates book, Lost sales, lost income, Misinterpretations, occasional overbooking of orders and slack periods on the other side, Discrepancies in the rate quote to the customers while offering them the deal and while booking it on the job card, Manual process of completing the job card and sending it to office where the job card is invoiced and payment is collected. The manual process also extends to placing orders for the used stock.

    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.

    Get Full Solution In $35Pay Now

    $35

    Orginal Price : $45.50

    PAY NOW

    Upload Assignments

    Get your free personalized course list

    - +
    250 Words
      Get Your Assignment

      Don’t delay more, place your order now. Quick assignment help will be offered to you.

      ORDER NOW
      Our Testimonial
      header border
      ...
      Divya Chopra
      Management Student Studying in Australia

      I had a splendid experience with LiveWebTutors. They are always available to help. I was glad when they gave me an original solution of my assignment in just 12 hours and I got A grade in it. Thank you Livewebtutors! You are the best!

      ...
      Mohit Lakhotia
      Management Student Studying in Australia

      My experience with LiveWebTutors was nothing short of excellence. Whenever I approach them, they always take care of the requirements and offer me solutions exactly as I need

      ...
      Richa Khandelwal
      Business Studies student, studying in Australia

      They took care of the plagiarism issue that I was facing and delivered a 100% authentic and plagiarism free assignment. I was proud to receive an A+ because of the exceptional online assignment help that I received.

      ...
      Monika Jaiswal
      Law student, studying in Australia

      An assignment that was taking me around few months to be done was delivered to me in only a few weeks. Thank you, team of LiveWebTutors, for such swift support'