HI5019 STRATEGIC INFORMATION SYSTEMS
Question Preview:The literature review would be on an organisation (company) that is using accounting software packages in Australia. The research would cover:PART 11. The current organizational structure2. What operational problems (e.g., inefficiency, errors) do you think the organisation could experience because of this structure?3. What is the most likely system acquisition method— commercial software, custom software, or ERP?4. Describes and prepare a system flowchart of the sales procedures for the chosen organisation (company)5. Identify any control problems in the system and what sorts of fraud a...
Solution Preview:INTRODUCTION OF THE COMPANY: XERO ? IDENTIFICATION OF THE CHOSEN COMPANYI have written this literature review report to address the main objective of discussing Xero’s organizational structure, operational hindrances and a detailed flow chart of the company’s sales procedure. In this report, we can clearly understand the implementation of Strategic Information Systems in Xero and other various corporate sectors as well. The main purpose of this report is to understand why companies decide to use different accounting software packages to solve their existing challenges. ORGANISATIONAL STRUCTURE OF THE COMPANY, ITS PRODUCTS AND SERVICESXero follows a simple hierarchical organizational structure. This structure is very important for the future of the company. If we take a look at the organizational flow of Xero given by (The Official Board), it is very clear that a structure of an organization helps the employees to function effectively in a work environment. To make things clear, an organizational structure helps to bring proper direction and control in a company which is essential to achieve its future goals. In short, Xero has a hierarchical organizational structure which helps the company to define the roles/responsibilities of various departments in the company.
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.