HA2042-HOLMES INSTITUTE-Accounting Information Systems-Assessment 2: Individual Assignment
Question
| CODE | UNIVERSITY | WORDS COUNT | REFERENCE |
| HA2042 | HOLMES INSTITUTE | 2500 | APA |
QUESTIONS-
You are required to prepare a report to evaluate and recommend a cloud-based accounting software for an Australian ASX-listed company of your choice (your firm’s client).1 The report should include the following components:
• Describe your client and its business activities.
• Briefly describe the basic business activities involved in the revenue and expenditure cycles of the selected company.
• And identify the weak internal controls in these business activities. Further, identify the risks associated with these weak controls.
• Outline the software features and functionalities that your client should consider to support its business activities.
• Visit the websites of at least two (2) accounting software package vendors (e.g. SAP, MYOB, Xero, etc.) and provide a brief description of each vendor and its products.
• Compare and contrast the features/functionalities of two cloud-based accounting software packages offered by accounting software package vendors.
• Identify the most suitable vendor and accounting software package for your client and explain why it is the best option
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Answer ( 1 )
In this report, we have discussed the business activities of Metro performance glass limited and the weak internal controls in certain activities and related risks. To address the weak internal controls and support the growing business the company evaluated the features and functionalities of MYOB and Xero and their product offerings. After a critical review of both the
software and the needs of the company, it was concluded to go for the MYOB Advanced accounting package from the MYOB vendor.