HA2042 T XXXXXXXXXXAssessment 2: Individual Assignment Page 1 of 9 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION ASSESSMENT DETAILS AND SUBMISSION GUIDELINES Trimester T3 2021 Unit Code HA2042 Unit...

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HA2042 T3 2021 - Assessment 2: Individual Assignment Page 1 of 9 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION ASSESSMENT DETAILS AND SUBMISSION GUIDELINES Trimester T3 2021 Unit Code HA2042 Unit Title Accounting Information Systems Assessment Type Assessment 2: Individual Assignment Assessment Title System Analysis and Selection Purpose of the assessment (with ULO Mapping) Students are required to: • Understand and explain the place of an accounting information system in the context of the organisational structure and operating practices (ULO 2), • Identify, analyse and compare different types of accounting information systems (ULO 3), and • Use different methodologies to evaluate various accounting information systems (ULO 4). Weight 30% of the total assessments. Total Marks 30 Marks. Word limit No more than 2500 words. Due Date This written report is due in Week 09 on Friday, dated 28th January 2022, at 11:59 pm (Melbourne/Sydney) 10:59 pm (Queensland). Late submission incurs penalties of five per cent of the assessment per calendar day unless the Hello Team has accepted the special consideration request before the assessment deadline. Submission Guidelines • All work must be submitted on Blackboard in a single Word file by the due date, including the Assignment Cover Page. • The assignment must be in MS Word format, double spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. • Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Adapted Harvard Referencing style. Please see the section Assignment Design – Adapted Harvard Referencing Section below. HA2042 T3 2021 - Assessment 2: Individual Assignment Page 2 of 9 • Include a minimum of ten references, at least five from peer-reviewed journals relevant to the unit. Assignment Details Background After finishing your Bachelor of Professional Accounting, you started your accounting consultancy in Brisbane, Queensland, Australia. You got a high distinction in the HA2042 Accounting Information System and preferred to analyse the business processes, risks and internal controls. The CEO of your client is delighted with your services. In particular, your client company is currently evaluating its accounting system. The Chief Financial Officer (CFO) of your client company thinks that they need to invest in cloud-based accounting software to support the growth of the business. Company Selection and Requirements: You must prepare a report to evaluate and recommend a cloud-based accounting software for an Australian ASX-listed company of your choice (your client).1 Note: While selecting your client company, please try to choose the company that best suits the assumptions mentioned above. The report should include the following components: 1. Background • 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. 2. Systems requirements • Outline the software features and functionalities that your client should consider to support its business activities. 3. Software selection • 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. Assignment Structure The report should include the following components. 1 Alternatively, you can select any company listed on the stock exchange of your home country. HA2042 T3 2021 - Assessment 2: Individual Assignment Page 3 of 9 Holmes Institute Assignment Cover Sheet Executive Summary The executive summary should be concise and not involve too much detail. It should make commentary on the main points only and follow the sequence of the report. Write the Executive Summary after the report is completed, and once you have an overview of the whole text. Contents Page This needs to show a logical listing of all the sub-headings of the report. Note this is excluded from the total word count. 1. Introduction Typically, the introduction is a short paragraph that includes background, scope and the main points raised in the order of importance. There should be a brief conclusion statement at the end of the introduction. 2. Main Body Paragraphs with Numbered Sub-headings This section contains detailed information which elaborates on the main points raised in the introduction. Each paragraph should begin with an exact topic sentence, then supporting sentences with facts and evidence obtained from research and finish with a concluding sentence. The body of the report should contain sections to answer the above issues and with appropriate section headings 3. Conclusion This section contains a logical and coherent evaluation based on a thorough and objective assessment of the research performed. 4. References Include a minimum of ten (10) references, at least five (5) from peer-reviewed journals relevant to the unit. 5. Appendices This section includes any additional explanatory information which is supplementary or graphical to help communicate the main ideas made in the report. Refer to the appendices in the main body paragraphs as and where appropriate. (Note this is excluded from the total word count.) Note: The report should be grounded on relevant literature, and all references must be cited appropriately and included in the reference list. Assessment Design – Adapted Harvard Referencing Holmes will be implementing as a pilot program a revised Harvard approach to referencing. The following guidelines apply: HA2042 T3 2021 - Assessment 2: Individual Assignment Page 4 of 9 1. Reference sources in assignments are limited to sources that provide full-text access to the source’s content for lecturers and markers. 2. The Reference list should be located on a separate page at the end of the essay and titled: References. 3. It should include the details of all the in-text citations, arranged A-Z alphabetically by author surname. In addition, it MUST include a hyperlink to the full text of the cited reference source. For example; Hawking P, McCarthy B, Stein A (2004), Second Wave ERP Education, Journal of Information Systems Education, Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf 4. All assignments will require additional in-text reference details, which will consist of the surname of the author/authors or name of the authoring body, year of publication, page number of content, the paragraph where the content can be found. For example; “The company decided to implement an enterprise-wide data warehouse business intelligence strategies (Hawking et al., 2004, p3(4)).” Non Adherence to Referencing Guidelines Where students do not follow the above guidelines: 1. Students who submit assignments that do not comply with the guidelines will be asked to resubmit their assignments. 2. Late penalties will apply, as per the Student Handbook each day, after the student/s have been notified of the resubmission requirements. 3. Students who comply with guidelines and the citations are “fake” will be reported for academic misconduct. Marking criteria Marking criteria Weighting in Total Grades Describe your client and its business activities 3% Evaluate the key business processes for your client 5% Outline the software features and functionalities that your client should consider supporting its business activities 3% 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 5% Compare and contrast the features/functionalities of two cloud-based accounting software packages offered by accounting software package vendors 5% Identify the most suitable vendor and accounting software package for your client and explain why it is the best option 5% http://jise.org/Volume15/n3/JISEv15n3p327.pdf HA2042 T3 2021 - Assessment 2: Individual Assignment Page 5 of 9 Presentation 2% Research quality 2% TOTAL Weight 30% HA2042 T3 2021 - Assessment 2: Individual Assignment Page 6 of 9 Marking Rubric Excellent Very Good Good Satisfactory Unsatisfactory (80-100%) (70-79%) (60-69%) (50-59%) (0-49%) Describe your client and its business activities. (3 Marks) An excellent description of your client and its business activities. A very good description of your client and its business activities. A good description of your client and its business activities. An adequate description of your client and its business activities. Inappropriate description of your client and its business activities. Evaluate the key business processes for your client. (5 Marks) Demonstrate an excellent understanding of key business processes for your client in the discussion. Demonstrate a very good understanding of key business processes for your client in the discussion. Demonstrate a good understanding of key business processes for your client in the discussion. Demonstrate an adequate understanding of key business processes for your client in the discussion. Unable to present a proper discussion of key business processes for your client. Outline the software features and functionalities that your client should consider supporting its business activities. (3 Marks) Present an excellent discussion on the features and functionalities of accounting software that your client should consider. Present a very good discussion on the features and functionalities of accounting software that your client should consider. Present a good discussion on features and functionalities of
Answered 6 days AfterJan 21, 2022

Answer To: HA2042 T XXXXXXXXXXAssessment 2: Individual Assignment Page 1 of 9 HOLMES INSTITUTE FACULTY OF...

Nitish Lath answered on Jan 27 2022
109 Votes
ERP ANALYSIS
ERP ANALYSIS        10
STUDENT NAME……
STUDENT NUMBER………….
Contents
Executive Summary    3
Brief Introduction    4
Company Background    4
Major business activities of the organization…………………………………………………………………………………….5
Requirements of the System    6
Functions of the software    6
Features of the Software…………………………………………………………………………………………7
Software Selection    8
Selection of the Merchant……………………………………………………………………10
Conclusion    12
References    13
Executive summary
The report has been prepared with the objective of providing a detailed understanding of
accounting information systems and their importance in the management and accounting field. The report has analyzed the business activities of Coca- the Cola group and also highlighted weaknesses in internal control systems of business activities of the entity and its associated risks related to weakness in internal controls. Further, the report also highlighted the software and functionalities required for the entity which will help to reduce the weakness in internal control weakness in business activities. Further, the report also discusses the various types of accounting software which can be used by the entity for its accounting. The report has emphasized the use of cloud-based accounting software which is helpful for the entities for a strong accounting information system. The report has also compared various accounting software, their functionalities, and implementation strategy and it can help the stakeholders to recommend suitable software for any entity based on requirements. By referring to the report, detailed understanding can be gained for various types of accounting software based on weaknesses in the business activities of an organization.
Brief Introduction
In today’s era, the entities are operating in a competitive environment and before taking the decision related to the selection of a product, the entities are required to perform extensive research. Due to better research, the entities are expected to achieve better results and its impact on customers and employees can be assessed effectively. Under business activities, the entity must fulfill customer expectations and customer satisfaction is one of the major considerations for the entity. To improve efficiency and performance, the entities are required to adopt new technologies and various cloud-based accounting software are the best ways to improve performance. The increase in efficiency will help the entity to increase its performance in a significant manner.
Company Background
The organization Coco-Cola Amatil Co. (CCL) is an MNC organization that is mainly involved in the production, licensing, and distribution of sports, water, beverages, vegetable blended products, and another type of beverage products (Leone J. Andrew. 2007). The entity has obtained the license of CCL in Australia and manufacturing mineral water and alcoholic beverages across Australia. The entity is an authorized distributor as well across Australia for mineral water and alcoholic beverages. The other major countries of operation of the entity are Indonesia, New Zealand, and New Guinea.
Major business activities of the organization:
CCA is one of the major alcoholic manufacturers and distributor companies in Australia and provides its services across Asia- the Pacific region. The major countries of operations are Australia, Samoa, New Guinea, Fiji, Papua, and Indonesia. The entity has also shut some of its operations due to various reasons such as the coffee and beer segment which were not profitable and the operating cost was very high (Greenblat, Eli, 2008). The major portfolio of the company is ice tea, non-alcoholic beverages, condensed milk, spring water and mineral water, energy and fruit drinks. The company is also processing different sparkling alcohols and non-alcoholic beverages. The snacks and cold drinks product of the entity has gained a lot of attention during the recent period. The company acquired a coco-cola glass factory in the year 2004 to expand its footprints in Europe and also become one of the major producers in the glass industry. The British American Tobacco Company sold its tobacco division to BAT in the year 1989. The company had established its manufacturing facilities across various places of the nation and the major places are New South Wales, Vic, and WA. The company announced on Feb 22, 2017, that it will close barton’s website will be closed by the entity in the year 2019 and the Richlands website will be further expanded by the entity to expand its operations outside Queensland.
The company also formed a joint venture with SABMiller to distribute the beverages across the country for smooth distribution channels. In the business activities and processes, the entity is having various weaknesses in internal control. The entity is having weakness in quality and financial-related matters due to various reasons (Hoitash, Rani, Hoitash, Udi, & Bedard, Jean C., 2008). The entity is not having proper financial transaction management which shows that the financial transactions are not recorded and managed efficiently and the company is having lacks planning in financial management. The company is also using various technologies which are obsolete and the company is having also weaknesses in quality monitoring processes. Due to poor financial management, the company can face liquidity and efficiency issues in long run. The reputation and brand image of the entity has deteriorated to some extent in recent years due to poor financial management and quality issues (Scopelianos,...
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