Accounting Software Example
Table of Contents
OBJECTIVES 3
BUSINESS INTRODUCTION 3
ACCOUNTING SOFTWARE 3
ADVANTAGES 4
COMMUNICATION 4
FINANCIAL MANAGEMENT 4
SALES MANAGEMENT 5
INVENTORY CONTROL (IC) 5
HUMAN RESOURCES (HR) 5
DISADVANATGES 5
ANALYSIS OF DATA 6
SUMMARY 6
Bibliography 7
OBJECTIVES
In this assignment I will review the accounting software appropriate to the outlined hypothetical company. On the one hand, I will consider advantages and disadvantages of the software which are relevant to the proper management of the company. On the other hand I will demonstrate the relevant connection of the accounting software to the financial management of the company.
BUSINESS INTRODUCTION
Emfibia Limited is a medium size manufacturing company. The main objectives of the business are developing, manufacturing and distributing new mobiles phones, computers and other electronic equipment. However, the company has to cooperate with private designers. All the designs are analyzed and tested before producing and distributing. Emfibia Limited operates under UK regulation and supplies within United Kingdom sector. The annual profit exceeds 1 million GBP. Emfibia Limited receives finance from the investors and shareholders. It is managed by company director who has to provide detailed financial information and analysis on the weekly basis to the investors. Within the company operates few different teams, for example: financial control, internal quality control, stock control, production managers. What is more, the company employs 240 workers on a different level of salaries, provisions and contracts.
There always will be a huge demand for new technologies and computer equipment, such as mobile phones. Another important factor for the business is to compete with growing competitors in the UK sector. Therefore, Emfibia Limited has to focus on the future investments to meet the increasing demand.
ACCOUNTING SOFTWARE
The manufacturing company requires fast, easy to use
OBJECTIVES 3
BUSINESS INTRODUCTION 3
ACCOUNTING SOFTWARE 3
ADVANTAGES 4
COMMUNICATION 4
FINANCIAL MANAGEMENT 4
SALES MANAGEMENT 5
INVENTORY CONTROL (IC) 5
HUMAN RESOURCES (HR) 5
DISADVANATGES 5
ANALYSIS OF DATA 6
SUMMARY 6
Bibliography 7
OBJECTIVES
In this assignment I will review the accounting software appropriate to the outlined hypothetical company. On the one hand, I will consider advantages and disadvantages of the software which are relevant to the proper management of the company. On the other hand I will demonstrate the relevant connection of the accounting software to the financial management of the company.
BUSINESS INTRODUCTION
Emfibia Limited is a medium size manufacturing company. The main objectives of the business are developing, manufacturing and distributing new mobiles phones, computers and other electronic equipment. However, the company has to cooperate with private designers. All the designs are analyzed and tested before producing and distributing. Emfibia Limited operates under UK regulation and supplies within United Kingdom sector. The annual profit exceeds 1 million GBP. Emfibia Limited receives finance from the investors and shareholders. It is managed by company director who has to provide detailed financial information and analysis on the weekly basis to the investors. Within the company operates few different teams, for example: financial control, internal quality control, stock control, production managers. What is more, the company employs 240 workers on a different level of salaries, provisions and contracts.
There always will be a huge demand for new technologies and computer equipment, such as mobile phones. Another important factor for the business is to compete with growing competitors in the UK sector. Therefore, Emfibia Limited has to focus on the future investments to meet the increasing demand.
ACCOUNTING SOFTWARE
The manufacturing company requires fast, easy to use
Bibliography: Bagranoff, N. A. (2009). Core Concepts of Accounting Information Systems. Figure 1. http://www.caplus.com/images/articles/application_footprint_560.jpg. SAGE ERP X3. (2010). Retrieved from http://www.sageerpx3.com/eng/page/features_functions/ SAP Systems Solutions. (2010). Retrieved from http://www.sap.com/solutions/