1 | P a g e HI5019 SIS INDIVIDUAL ASSIGNMENT T1 2018 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION Assignment 1 (Literature Review) Individual Assignment HI5019 STRATEGIC INFORMATION SYSTEMS T1 2018...

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1 | P a g e HI5019 SIS INDIVIDUAL ASSIGNMENT T1 2018 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION Assignment 1 (Literature Review) Individual Assignment HI5019 STRATEGIC INFORMATION SYSTEMS T1 2018 WEEK 6 Friday 5 pm Each student will write a literature review of NOT more than 2500 words. The review should demonstrate that the student has thoroughly researched their topic. Students should use examples of business practice from the scholarly journals papers, conferences, books and professional magazines to support their arguments The literature review would be on an organisation (company) that is using accounting software packages in Australia. The research would cover: PART 1 1. The current organizational structure 2. 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 are possible in this system? PART 2 1. Development and adoption of the accounting software packages, 2. The current market size, 3. Identify the leaders in the market and what gives them the competitive advantage, 4. Identify the current gaps or challenges encountered by users or customers of accounting software/packages and make relevant suggestions or recommendations. 2 | P a g e HI5019 SIS INDIVIDUAL ASSIGNMENT T1 2018 Submission Requirements: Research reports are to be presented in size 12 Times New Roman or 10 Calibri Font and double spaced. The research should include a list of at least 5 references used in the research report and a bibliography of the wider reading done to familiarize oneself with the topic. Submission:  Soft copy to self-check and Final Submission with cover sheet You are reminded to read the “Plagiarism” section of the course description. Your research should be a synthesis of ideas from a variety of sources expressed in your own words. All reports must use the Harvard referencing style. Marking rubrics are attached. Assessment Criteria: Score Very Good (12-15) Good (9-11) Satisfactory (8-10) Unsatisfactory (5-7) Presentation and writing style /15 marks Information is well organized. Correct layout including times new roman, font size 12 or calibri, font size10, double spaced. About the right length. Very well written, excellent paraphrasing and proper grammar and punctuation are used throughout. Information is organized, Correct layout including times new roman, font size 12 or calibri, font size10, double spaced. About the right length. Well written, some paraphrasing and proper grammar and punctuation Information is somewhat organized, Some elements of layout or length incorrect. Proper grammar and punctuation mostly used, but overuse of direct quotes. Information is poorly organized, Some elements of layout or length incorrect. Proper grammar and punctuation not always used. Excessive overuse of direct quotes Score Very Good (12-15) Good (9-11) Satisfactory (8-10) Unsatisfactory (5-7) Introduction /15 marks Introduces the topic of the research report in an extremely engaging manner which arouses the reader's interest. Gives a detailed general background and indicates the overall "plan". Introduces the topic of the research report in an engaging manner which arouses the reader's interest. Gives some general background and indicates the overall "plan" of the report. Satisfactorily introduces the topic of the research report. Gives a general background. Indicates the overall "plan" of the report. Introduces the topic of the research report, but omits a general background of the topic and/or the overall "plan" of the report. Score Very Good (17-20) Good (13-16) Satisfactory (10-12) Unsatisfactory (6-9) Evidence of Research /20 marks Substantial range of appropriate and current, supportive evidence Good range of appropriate and current, supportive evidence. Suitable range of supportive evidence used. Not always appropriate and/or current. Minimum cited. Insufficient range or number of supportive evidence used. 3 | P a g e HI5019 SIS INDIVIDUAL ASSIGNMENT T1 2018 Score Very Good (25-30) Good (20-24) Satisfactory (15-19) Unsatisfactory (9-14) Development of Discussion /30 marks Logical, insightful, original discussion with well- connected paragraphs. Evidence of full engagement with the literature found, with relevant and detailed analysis. Detailed, original discussion develops logically with some connection between adjoining paragraphs. Understanding of reading shown. Some relevant analysis. Adequate discussion develops logically. Understanding of reading shown. Few relevant analysis. Inadequate discussion of issues and/or lacking in logical flow Little/no demonstrated understanding of reading. None/little discussion or analysis. Score Very Good (9-10) Good (7-8) Satisfactory (5-6) Unsatisfactory (3-4) Conclusion /10 marks An interesting, well written summary of the main points. An excellent final comment on the subject, based on the information provided. A good summary of the main points. A good final comment on the subject, based on the information provided. Satisfactory summary of the main points. A final comment on the subject, but introduced new material. Poor/no summary of the main points. A poor final comment on the subject and/or new material introduced. Score Very Good (9-10) Good (7-8) Satisfactory (5-6) Unsatisfactory (3-4) Referencing /10 marks Correct referencing (Harvard) All quoted material in quotes and acknowledged. All paraphrased material acknowledged. Correctly set out reference list and bibliography included. Mostly correct referencing (Harvard) All quoted material in quotes and acknowledged. All paraphrased material acknowledged. Mostly correct setting out reference list and bibliography included. Mostly correct referencing (Harvard) Some problems with quoted material and paraphrased material Some problems with the reference list or bibliography. Not all material correctly acknowledged. Some problems with the reference list or bibliography. Total /100 marks Final marks /20 General Comments:
Answered Same DayMay 10, 2020HI5019

Answer To: 1 | P a g e HI5019 SIS INDIVIDUAL ASSIGNMENT T1 2018 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION...

Vineet Kumar answered on May 12 2020
133 Votes
Information System 1
Strategic Information System
Contents
Introduction    3
Part 1    4
Structure of Organization    4
Operational Problems related to Existing Organizational Structure    6
Method for System Acquisition    7
System Flowchart of Sales Procedure    8
Control on Problems and Frauds    9
Part 2    10
Accounting Software Packages and its Development and Adoption    10
Size of Market    11
Leaders in Market and their Competitive Advantages    11
Current Gaps and Challenges    12
Conclusion    13
References    15
Introduction
Within an organization, the use of accounting software package facilitates the related department to conduc
t the accounting processes, records and monitor the transactions. Such package also helps finance department for functioning some financial modules such as payroll, trial balance, accounts receivable, general ledger and accounts payable (Albrecht, et al 2010). Hence, accounting software package allows the organizations to make quick and effective financial decisions.
Therefore, this research report describes benefits of an accounting software package for managing the accounting related information systems to ensure the performance of the business as per the internal and external environment of the organization. To accomplish this research report, Commonwealth Bank is chosen as an organization because of its leading position in the Australian public banking sector. It is providing financial services to more than 4.6 million customers. It has more than 7,500 brokers to run its mortgage services (Commonwealth Bank of Australia 2017). This organization is selected due to its involvement in various financial business activities that cannot be completed without effective accounting practices.
In this context, the first part of this research report defines the structure of the organization as well as the problems that are faced by management. The second part of this research report discusses the accounting software packages which are used by selected case organization as well as its advantages to case organization in the term of accounting management. In conclusion, this research report presents some operational and applicable recommendations which will help the company to fill up the gap in existing performance of the organization through the use of accounting software packages.

Part 1
Structure of Organization
Structure of a business organization basically focuses towards the way of communication that will be used by each section to conduct the business practices in an effectual manner. It replaces the possibilities of confusion and conflicts between the workforce of the company and other internal and external workforce. This statement is also backed by Cummings & Worley (2009). According to authors, organizational structure describes the responsibilities, roles, accountability as well as the level of involvement of each employee in the decision-making process of the company. Hence, it serves to manage the communication between operational staff, management and external stakeholders. In the similar context, the selected case organization has also used a structure to run its business practices in a more effective and cooperative manner. Following presented figure is exploring the existing organizational structure of the case organization:
Figure 1: Organizational Structure
(Source: Commonwealth Bank 2017)
As per the above figure, it is clear that the case organization has divided the entire management on the basis of their functions. Due to this, it can be stated that the existing organizational structure of the case organization is divisional and functional structure. It means each department has own accounting requirement. Such organizational structure facilitates the organization to focus on wealth management improvement (Cummings & Worley 2009). With the help of above organizational structure, case organization effectively addresses the consumer need. Due to this, reason, case organization effectively focuses on requirements of individual customers as well as the larger institutional customers.
Operational Problems related to Existing Organizational Structure
The analysis of organizational structure defines that the divisional structure is used by case organization to promote and sell each financial product/service to target customers only. For example, the division of wealth management helps the bank to work for the improvement in the wealth (Pascoe, 2014).
But there are some issues that are mainly faced by the organization during the implementation of business activities in the market. For example, case organization has seen many financial scandals in its different branches. Management of the bank was not aware of such scandals (Pascoe 2014). Such scandals were happened because of the misfit of the divisional structure with the business functions of the case organization. Due to this, the bank faced adverse impacts on its performance in the banking industry in Australia.
The research study of King (1999) also raised the issues rather to the organizational structure, if it is not matched with the business operations of the company. It means the misfit of organizational structure does not allow the bank to align existing business strategy with the structure for improving the business performance or reduce gaps in performance.
In the similar sense, a research study of Cummings & Worley (2014) explores a fact that organizational divisional structure facilitates the decision makers of the organization to use management for developing coordination with employees. This is because of its decentralization nature which gives authorities to managers to make business decisions as per the need of their business divisions. Such business structure does not need the involvement of top decision makers. But such structure also increases the communication gap between organization’s board members and managers. This statement is also supported by the research study of Daft, Murphy & Willmott (2010) because this study explores the drawbacks of divisional structure in the term of decision making and communication gap.
Method for System Acquisition
As per the nature of the business, the effective management of financial information and its time-based...
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