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    The first entry in the reflective journal requires you to reflect on how corporate social and environmental responsibilities.

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    The first entry in the reflective journal requires you to reflect on how corporate social and environmental responsibilities are not merely philanthropy, but instead, are strategic business issues. 1 Corporate and social responsibilities are they simply philanthropy or are the instead strategic business issues? This question is becoming increasingly important in today’s society especially as we; the caretakers of our planet are becoming progressively more aware of how every action we take and items we consume 5 impacts our world. Technological advances have made the world become a sm...

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    The capacity to reflect is an important element of professional life. It enhances the capacity to evaluate current knowledge and to understand and accept personal weaknesses and strengths. The reflective learning implies to the important tool in practice which is based on the professional learning setting where the individual is capable of learning with their own experiences rather than the formal way of acquiring knowledge by the way of teaching or knowledge transfer. Further, the reflective learning stresses on the importance of theory and practice and the application of theory in ones practical life, makes things more knowledgeable to them rather than seeking the same from outside world (Moon, 1999). The concept is clear where it demands the reflection of one’s action and it causes into the process of learning. What is important about reflection throughout your practice is that you are not just looking back on past actions and events, but rather you are taking a conscious look at the emotions, experiences, actions, and responses, and using that to add to your existing knowledge base to draw out new knowledge, meaning and have a higher level of understanding (2013, Paterson, Chapman).

    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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