Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Group Assignment Scenario

B Bakery is a family owned firm with around 70 employees and sales revenue increased to more than $ 13.5 million during the past year. It has been in business for over 50 years and supplies bread and confectionary products to a number of different businesses, including supermarkets and pub-chains. The firm has experienced mixed fortunes over the years in terms of business performance, but in the last few years has experienced a growth in orders for some of its new healthy product ranges. However, the Bakery has recently lost some key accounts as a result of being unable to produce some of its products at a competitive price.

Although the firm hired an accountant who was keeping their books for them and producing the financial statements each year, the firm thought they needed much more information to really run their business efficiently. They felt that they needed to make an investment in an accounting software to take their business to the next level.

Assignment Requirements

In groups of three or four, you are required to conduct desk research on AIS/ERP Systems for your above client. Prepare a Business Report for the client detailing the following processes of selecting an AIS/ERP:

1. Define business processes
a) What a Baker does? Discuss the business activities/processes of the organisation to show your understanding about the business. (600 words)

2. Develop business requirements
b) What processes are indispensable to be performed? (350 words)

c) What outcomes are required from these processes to achieve business objectives? (350 words)
3. Determine the systems requirements
a) What are some of the possible software features or functionalities that the firm should consider to achieve their IT investment objective? (700 words)

4. Software selection
a) Visit the web sites of accounting software package vendors (e.g. SAP, MYOB, Xero etc.). You need to visit at least 3 (three) software vendors' websites.
b) Which category of accounting software (low, medium or high-end/ERP) suitable for the firm? Give your justifications in detail. (300 words)

5. Vendor selection
a) Compare and contrast the features/ functionalities of two accounting software packages offered by accounting software package vendors (e.g. SAP, MYOB, Xero etc.) within your selected category in question 4. (600 words)
c) Which one would be the most suitable vendor (and accounting software package) for the Bakery business and why? (600 words)

Format of the Report

1. You at least should have the following details:
a. Assignment Cover page clearly stating your name and student number
b. A table of contents, executive summary
c. A brief introduction or overview of what the report is about.
d. Body of the report with sections to answer the above questions and with appropriate section headings
e. Conclusion
f. List of references.
2. Diagrams and tables clearly labelled and explained.

1. Format of the Report
a) Assignment Cover page clearly stating your name and student number
b) A table of contents, executive summary
c) A brief introduction or overview of what the report is about.
d) Section headings
e) Conclusion
f) List of references

2. Define business processes
a) Discuss the business activities/processes of the organisation
b) Shows understanding about the business.

3. Develop business requirements
a) Identification and discussion of important business processes for the business
b) Clear explanation about outcomes from these processes to achieve business objectives
Score

4. Determine the systems requirements
Software features or functionalities that the firm should consider to achieve their IT investment objective

5. Software selection
Justifications and arguments for the selection

6.Vendor selection
a) Compare and contrast the features/ functionalities of two accounting software
b) Justifications for the vendor selection recommendations.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92445895
  • Price:- $80

Priced at Now at $80, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question - sunshine company purchased equipment for 100000

Question - Sunshine Company purchased equipment for $100,000 in 2012. The machinery originally had an estimated life of 8 years and a salvage value of $10,000. Sunshine used the straight-line depreciation method. In 2016 ...

Question - this is an accounting problem that appears on

Question - This is an accounting problem that appears on McGraw Hill. Please help with recording the advance collection and revenue earned on the general journal. Thank you. The University of Michigan football stadium, b ...

Question - abc company manufactures a single product and

Question - ABC Company manufactures a single product and provides the following budget information for the 2017/18 financial year: Expected Sales and Production (units) 10,000 Sales Price per unit 75,000 Variable Cost pe ...

Question - on january 1 grissom inc issued 10-year 4 bonds

Question - On January 1, Grissom Inc. issued 10-year, 4% bonds payable with a par value of $500,000, and received $490,000 in cash proceeds. The market rate of interest at the date of issuance was 4.5%. The bonds pay int ...

Question time value of money future valueinstructions for

Question: Time Value Of Money: Future Value Instructions: For this milestone, submit a draft of the Time Value of Money section of the final project, along with your supporting explanations. Base your calculations on the ...

Question using finviz select four filters your choice

Question: Using FINVIZ, select four filters, (your choice). Select one of the companies from your list and using the Ratio Analysis Worksheet below, complete the financial analysis for the company using Word. Your financ ...

Question assignmen t descriptionclassroom discussion

Question: Assignmen t Description Classroom discussion requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to engage in dialogue by partic ...

Question - wilson carver knives uses process costing in its

Question - Wilson Carver Knives uses process costing. In its Cutting Department, all the materials are added at the beginning of the process and conversion costs are added evenly during the processing. During the first m ...

Assessment - research report and presentationpurpose of the

Assessment - Research Report and Presentation Purpose of the assessment (with ULO Mapping) This assignment assesses the Unit Learning Outcome ‘b-d'and ‘g'; students should be able to demonstrate their achievements in the ...

Question - randolph company has two departments department

Question - Randolph Company has two departments (Department A and Department B) for Job #111. As cost drivers used to apply overhead to products, the Department A uses machine-hours and the Department B uses direct labor ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As