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    Stop N Shop is an Indian owned daily need store where you can buy all you need for parties, occasions and festivals. It is more kind of a general store which specializes specifically in gifts, banners

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    Roles and Responsibilities in my internship. Overview: Stop N Shop is an Indian owned daily need store where you can buy all you need for parties, occasions and festivals. It is more kind of a general store which specializes specifically in gifts, banners, party props, art and craft material, costumes, household decorative etc. History: Talking about the early days, the store was the result of consistent struggle of a Gujarati man, Mr. Varun Makol. He had started with one shop in the city and within 5-6 years his hard work has made him a successful business man with 5 stores pres...

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    Executive Summary
    I am glad to present this research proposal and report on “Stop N Shop”, an Indian owned daily need store catering to varying needs and preferences of different segment customers. The organization has 5 stores which are located in different locations including Auckland city, Glen Eden, Henderson, Silver Dale and Vero Park. These stores are engaged in selling of over 3000 products of different varieties and categories. In initial stages, the organization has registered phenomenal growth both in terms of revenues and profitability. However, off late, despite Mr. Varun Makol’s diligent efforts, owner of the organization, the firm is struggling to achieve sustainable growth and development (Hall, R. 2009). The reason for non-accomplishment of stated objective is primarily attributable to low customer base, lack of regular customers, intense rivalry from other stores operating in the marketplace and absence of strong selling and distribution network. Furthermore, the company does not have effective advertisement and promotional strategies in place. 

    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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