The Lecturer has asked us to make the following changes in our 3000 words minimum assignment for better grades.
1. Define business process but only definition of business process is not enough.
( the scenario of this case study is we, are the accounting software consultant in which we will advise a new accounting system for the specific company. ) Example:
Bank ABC( company needs to be really existing anywhere around the company, just briefly mention it, maybe short description about the company, where it is operating something like that. I don’t think teacher will GOOGLE it if that company is existing. We can just make up the details but the company name should be existing at least.
Have a look at this website
http://www.business.vic.gov.au/money-profit-and-accounting/financial-management-set-up/How-to-choose-small-business-accounting-software
Relate the specific bank with the following cycles.(Diagrams and relations of the specific business with the cycles are necessary for better marks)
As have been said above before advising a new accounting software we need to know what are their business process at the moment and classify it under which category.
You can GOOGLE it and put a diagram.
Existing Sales Cycle
Expense Cycle
HR Cycle (Human Resource)
GL Cycle
Conversion Cycle
2. Business Requirement
After determining what is their business process at the moment in Q1. Then u can specify what they really need.
There needs to be data, input, and report requirement of the following:
Sales people
Purchase people
HR
GL Cycle
Conversion
Financial and Management reports with Adjustment Entry System relating to the GL Cycle.
3. System
Please include functional requirement
Modular or different logistic
Multi – Currency
Multi Tax and Accounting Standard
Supported Liability such as Bolt on
4. Software and Vendor selection
Have a look at this
requirementshttp://www.softwareadvice.com/accounting/banking-mortgage-software-comparison/
We can include SAP, Oracle or Netsuite
Please put them in a table like this
You can just Google more about this system, which ever like fits with the business requirement of our company then that the system we will use.
The Description column if can think of any criteria that suit or better please do so.
DESCRIPTION SAP Oracle Netsuite
Which Type of Business it is applicable
Features
System advantages
Then please also add some literature review on which sytem that match most.
Example SAP then just add facts about their customer service, how many people recommend to use this. Etc..
Question 5 to Question 8 is Literature Review. It got nothing to do with question 1 to 4.
5. Determine at least three (3) ways which companies or organizations utilize such technologies to improve business efficiency
This is in general so can you can just Google this and provide at least 2 references.
6. Evaluate the level of efficiency of the technology implementation
You can GOOGle like success of ERP implementation
Or Google success story of accounting software implementation
Again 2 references.
7. Examine potential security risks, data breaches
This again is in general not only in banks.
Like you can GOggle potential security risk and data breaches on accounting software. And if you u provide like for example hacking hoe many percentage is in ASIA, or provide data on how prominent they are. 2 references
8. Provide guidelines on how these risks could be mitigated.
Google this as well for example elaborate answer in Q7 and just provide recommendation
2 references.