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    E-Business Fundamentals and Systems

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    The following topics:1. How e-technologies have changed modern social life and how suppliers of such technologies have sought to overcome the threats and risks associated with these technologies, or2. How e-technologies have changed modern organisational business operations and how suppliers of such technologies have sought to overcome the threats and risks associated with these technologies....

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    It is essential to learn the fact that while each and everything which exists in this world is showing progress and development it is but obvious to expect the same from the IT world. We have now reached a point where each and everything is getting captured by technology and has shown a very shocking development. We are not far from that point where every dots will be met through technology. We are now soo much of dependent over technology that be it has become our habit to search everything electronically and to get a very quick resolution. While we are talking about the technologies it is yet an important fact to understand and to consider that our lives are getting trapped in the network of e-technologies. We are now not far from a point where everything will become electronically automated for us and hence will turn up for giving resolution within a very short span of time. Those were the days when the solution for any of the issue was intertwined with some or the other fact, and now it is the time when the solution is just a click away. We have seen that now starting from a toddler to an old aged man everyone has become dependent on technology. There is no age bar and no limitation which e-technologies have not touched. Now it is available for all the age groups and for all sorts of queries.

    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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