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    Mass Transit railway corporation Limited (MTR) serves .

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    The Mass Transit railway corporation Limited (MTR) serves an average of 3.4 million passengers every day. Fitting the hustle and bustle city of Hong KONG MTR regarded as one of the world’s leading railways in terms of reliability , safety .service and efficiency MTR was established in 1957 with a mission to construct and operate ,under prudent commercial principles ,an urban metro system to help meet Hong Kong’s public transport requirements .The company marked a major milestone in 2007 when the operations of the other government –owned rail operator ,the Kowloon-Canton Ra...

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    The  Mass Transit Railway (MTR) Corporation Limited of Hong Kong was established in 1957 as MTR Corporation with the Hong Kong Government as the only shareholder then to help meet Hong Kong's public transport requirements with a mission to construct and operate, under careful, far-sighted commercial principles, an urban metro system which currently carries 5.2 million passengers per week on an average. However, the firm has now diversified into various other areas of business which gave rise to the management issue being addressed in the research of MTR being such a large business with a diverse range of interests wherein the planning at all levels of its organizational operations is fundamental to the success of the long term and the short term goals of MTR. Herbert A. Simon (1960), the father of System Theory of Management considered any organization as a system composed of related and dependent elements which  when in interaction from a unity whole. Thus, it is clear that MTR needs to consider the various levels of management as the elements of the system that form the organization as a whole. The report will thus argue that the best way to approach this diversified business model is to follow the system approach and carry on planning at all levels in a way that the levels are inter-related to form an organizational whole.

    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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