country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Examination Of Statistical Software

tag 0 Download9 Pages / 2,009 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Examination of Statistical Software.
 
 

Answer:

Introduction

The objective of this report is to discuss the information system and accounting software of Target Australia. The company, ‘Target’ is a mid-price department store chain and Australia's largest store in terms of number. The company is a subsidiary of Wesfarmers. This report is divided into two parts. The first part discusses the current organizational structure of Target, existing operational problems, current use of Information Systems, and existing control problems in the systems. The second part discusses the journey of accounting software packages, analysis of current market in Australia and identify the current gaps in the market with respect to accounting software packages (Granlund, 2011). The purpose of this part is to provide detailed analysis that will help the management to select the relevant software for their business out of the numerous businesses available in the Australian market. The paper also has a conclusion sections that sums down the analysis of the paper.

Analysis of Target and existing Information Systems

The large retailers like Target have the options to choose from number of system integration methods. The suggested choice in most of the cases is ERP system as ERP system works as one stop solution for all the organizational IT and business problems. The various part of first part can be discussed as:

Target Australia has a very flat organizational structure. The company has close to 16,000 employees in Australia. There are three key levels of organizational structure at Target Inc. The top level of the level of senior management. This level includes the CXOs of the company. The next level or the level 2 of the organization is the level of mid-managers. These are the management people who are ultimately responsible for the operational work and operational decisions. The third level of level 3 is the employees who are executors. These are the people, who are responsible to implement the strategies and policies. The basic theme of the roles of three level can be discussed as:

  1. Top level/ Level 1: Strategy and Policy Development
  2. Mid level/ Level 2: Operational work and operational decision-making
  • Low level/ Level 3: Execution engine
 

Operational problems due to existing organizational structure

Target has to match the sales data and revenue recognized which is sort of conciliation and there are often issues in doing that. Some other issues are picking of material from the warehouse. As there are large number of product SKUs and products are stored without using barcoding and dedicated location of each SKU, it takes long time to locate the product and sometimes product is stored but inability to locate it lead to stock-outs. Another challenge is required that too much data entry is required which sometimes cause inaccuracy due to human errors. Not only this, paper work required extra space to store and make it difficult to retrieve information and handle it.

There are various methods to manage the Information Technology within the organization. The company can either get the custom software created based on its business needs. However, it is important that the business needs should be translated effectively and mapped to Information Technology needs. The second solution for the company is the use of commercial software and the third option for the company is the used of Employee Resource Planning system. Commercial software that can be customized and configured based on business requirements would be the best choice for Target-Australia. It is suggested that Target should get the ERP system customized based on its business needs.

The sales at Target-Australia happen through a combination of offline and online methods. Most of the stores of Target Australia are owned stores. The company has a centralized inventory management system that is integrated with the various sales systems of different stores (Oster, 2012). The support function, to the sales function, for Target-Australia are marketing, human resource function and operations functions. The system flowchart for the company for the existing sales procedures can be shown as:

Control problems and possible frauds

One of the control problems for Target-Australia is that not all the raw materials is purchased on the daily basis. Only the material, which is required to support production on the next day, will be purchased on a given day. Thus, one of the control needed is that use of items in the food which are no longer fresh i.e. has passed their shelf life should not be permitted to be issued for the particular job. Another control problem is that no dedicated space in the warehouse for the particular SKU (Stock Keeping units), which results in the long time during picking and locating the material.

The possible frauds at Target can happen through inefficient inventory management system. One of the leakages for fraud is that various stores of Target can shown false inventory levels. The store manager can indulge himself or herself in fraud by showing inadequate inventory level. For example, suppose for Product A, the actual inventory in store is 120 units and the store manager quotes it as 95 units. If this information is recorded in the system, the store manager can actually sell 25 units in the black market and the profitability would not be recorded in the books of Target Australia.

There are various types of accounting software packages that Target or any other retailer can use. The various parts of second part can be discussed as:

 

Development of accounting software packages

There are various commercial accounting software packages that Target can use. Going back to the history of accounting software development, MYOB was the first product developed by the Teleware in 1983 in New Jersey. Its first product was “Managing your money” and become famous as MYM. This product was half-baked and there were many issues. “Mind your own business” was the next version of MYM, which become famous as MYOB. As business was increasing, Teleware give license to Australian software distribution firm and then MYOB become a market leader in Australia. More similar products were hitting the market but they are still in infancy and first mover advantage helps MYOB to penetrate deeply in the market and command good customer base. By late 1990s, company changed it’s headquarter from US to Australia. Intuit also launched program quicken which become famous as quick books online.

The current accounting software industry in Australia is a huge industry. This industry started with the on-premise solution for accounting problems. The last decade has seen the evolution of cloud based accounting software. The benefit with cloud-based accounting software is that the small and mid size organizations can also use the accounting packages without any much hiccups. It is estimated that the current size of accounting software industry in Australia is $20 billion. The annual growth rate in the industry is 2.6%. At an industry level, the anticipated employees in the industry are 115,557. The Accounting Services industry has grown over the past five years on the back of steady economic growth and increasing demand for industry-specific advisory services (Mangala & Kumari, 2015).

 

Leaders and competitive advantage

There are various players in the industry and each of the players has its own pros and cons. The large companies like SAP also have ready-made solutions to address the accounting problems of large organizations. MYOB, on the other hand, has highest penetration in the market and thus has the market share however its growth is less which means that XERO will beat the MYOB in coming times. Sage ERP subscriptions are on the decline as this products lacks Australian localization. QuickBooks online and Reckon are other products that are growing but still they are small players. The current accounting software industry in Australia is highly fragmented industry with number of players in organized and un-organized sector. The players in organized sector are the large players like SAP, XERO, etc. The players in the unorganized sector are mainly the small players that would usually cater to the needs of small players in the industry. It is expected that going forward both organized players and unorganized players would grow in the country (Mouritsen & Hansen, 2009).

One of the current gaps or the drawbacks in the current accounting packages is the dependency on skilled resources to manage the system. Various organizations have felt that it is not easy to manage the accounting software implementation. In fact, the implementation of accounting software package can be a mess in itself if it is not handled effectively. In fact, this is one of the reasons that there was a huge demand in the use of cloud based accounting software. It is relatively easy to manage the implementation of cloud based accounting system as compared to on-premise implementation.

Another gap in the current accounting software landscape in Australia is the high cost of accounting software packages. In the current environment, also, there are number of organizations that are not able to utilize the benefits of accounting software packages due to high cost.  In the coming times, the cost of accounting software should come down (Jadhav & Sonar, 2009). Few recommendations at the industry level an be discussed as:

 

Recommendations:

  • It is recommended that the emphasis should be increase in cloud based accounting software. There are various advantages of cloud-based system and it is recommended that these benefits should be passed on to various organizations (Yigitbasioglu, 2015).
  • It is recommended that various organizations in the accounting software industry should work together to contain the cost of accounting software implementation. The growth rate of accounting software industry is high and the maximum benefits would be realized when different stakeholders can work together (Daly & Creed, 2008).
  • It is recommended that the organizations operating in this industry should also work together to provide after sales support for accounting software implementation. At times, it is observed that the organizations would not implement the accounting software because there is not after sales support or the after sales support is too expensive. Therefore, it is important that the organizations should work together to provide better after sales service.

Conclusion

This paper begins with analysis of organizational structure at Target Australia and suggests them what will be the best approach for them to make software in-house or to buy software. After that, there was discussion on flow chart of sales procedure (Clark & Shoaib, 2012). The second part of this paper talked about the evolution of accounting software in Australia in general and what are the pros and cons of various software and which one will be most aligned to the business of Target Australia. With the above discussion it can be said that ERP system is the best solution for Target Australia. At the same time, it is recommended that accounting software package should be integrated tightly with the ERP systems. The ERP system for Target Australia would have number of modules and the accounting software should be the key module for organizations.

 

References

Clark, R.A., Shoaib, M., Hewitt, K.N., Stanford, S.C. and Bate, S.T., 2012. A comparison of InVivoStat with other statistical software packages for analysis of data generated from animal experiments. Journal of Psychopharmacology,26(8), pp.1136-1142.

 Creed, D., Daly, D., Dowdle, P., & Stevens, J. (2008). A roadmap to help your organization become process-based. Journal Of Corporate Accounting & Finance (Wiley, 19(5), 77-83.

Granlund, M., 2011. Extending AIS research to management accounting and control issues: A research note. International Journal of Accounting Information Systems, 12(1), pp.3-19.

Jadhav, A.S. and Sonar, R.M., 2009. Evaluating and selecting software packages: A review. Information and software technology, 51(3), pp.555-563.

Mangala, D. and Kumari, P., 2015. Corporate Fraud prevention and deteCtion: revisiting the Literature. Journal of Commerce and Accounting Research, 4(1).

Mouritsen, J., Hansen, A. and Hansen, C.Ø., 2009. Short and long translations: Management accounting calculations and innovation management. Accounting, Organizations and Society, 34(6), pp.738-754.

Oster, R.A., 2012. An examination of statistical software packages for categorical data analysis using exact methods. The American Statistician.

Yigitbasioglu, O., 2015. Enablers of sense-making and responding and their impact on the effectiveness of management accounting practices.

Download Sample

Get 100% money back after download, simply upload your unique content* of similar no. of pages or more. We verify your content and once successfully verified 100% value credited to your wallet within 7 days.

Upload Unique Document

Document Under Evaluation

Get Credits into Your Wallet

*The content must not be available online or in our existing Database to qualify as unique.

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Examination Of Statistical Software. Retrieved from https://myassignmenthelp.com/free-samples/examination-of-statistical-software.

"Examination Of Statistical Software." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/examination-of-statistical-software.

My Assignment Help (2018) Examination Of Statistical Software [Online]. Available from: https://myassignmenthelp.com/free-samples/examination-of-statistical-software
[Accessed 10 August 2020].

My Assignment Help. 'Examination Of Statistical Software' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/examination-of-statistical-software> accessed 10 August 2020.

My Assignment Help. Examination Of Statistical Software [Internet]. My Assignment Help. 2018 [cited 10 August 2020]. Available from: https://myassignmenthelp.com/free-samples/examination-of-statistical-software.


MyAssignmenthelp.com boasts a pool of 3000+ PhD qualified dissertation writers, who are committed to providing highest quality dissertation paper help in more than 100 subjects. Each expert specializes in providing top-quality dissertation writing services in the exact manner that students want. Being a cheap dissertation writing services, we ensure prices don

Latest Management Samples

ENGT5219 Engineering Business Environment

Download : 0 | Pages : 10
  • Course Code: ENGT5219
  • University: De Montfort University
  • Country: United Kingdom

Answer: Introduction The most serious issue that the nations around the world are dealing with is the climatic change and its impact on the people as well as the business operating. UK government has developed industrial strategy along with the private organisations which has identified four grand challenges including promoting the use of AI and data structure,catering the needs of ageing society, development of better road and rail facilitie...

Read More arrow Tags: United Kingdom 9 engineering business environment Other 

MNA1161 Introduction To Customer

Download : 0 | Pages : 2
  • Course Code: MNA1161
  • University: San Ignacio University
  • Country: United States

Answer: Approaches and strategies for dealing with the customer Each of the business owner and customers facing employees have heard the statement that “the customer is always right”, while I am disagree with the statement. The customers are not always right while we can say that they are just never wrong. It is a small strategy helps to approach issues of the customers in productive way. It has ability to bridge gap among performan...

Read More arrow Tags: United States 29 Customer Service and Satisfaction Other 

PSY118 Ethics Application Form

Download : 0 | Pages : 11

Answer: Introduction Earlier research showed that members who finished the undertakings within the existence of music or commotion were less ready to accumulate data for later review than the individuals who finished the examination in no music or quiet separately. Scientists have been keen on the conceivable advantages of music while working. Amidst the 1950s there was a whirlwind of enthusiasm concerning whether music influenced either spi...

Read More arrow

MORG4038 Management And Organisations Spring 2018

Download : 0 | Pages : 8

Answer: Introduction The report highlights facts about the company Snap Inc. The report discusses the matter related to the structure of the organization, its market value, scope and scale of its business operations. The elements used in the organization have been discussed here in the report. The modern approach used by the management in the company. Also the innovative strategic objectives of management are discussed in the report (Seidl, 2...

Read More arrow

BUMGT2606 Managing People At Work

Download : 0 | Pages : 8
  • Course Code: BUMGT2606
  • University: Federation University Australia
  • Country: Australia

Answer: Introduction Modern business is technology oriented and digitalization is a vital part of the business. Digital is not the part of an economy however, it is an economy. This economy offers limitless opportunities to the organization to improve their customer satisfaction level (Kane et al., 2015). No transformation in the business is a big problem to satisfy the customers. However, digital technologies allow the organization to establ...

Read More arrow
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,382,062

Orders

4.9/5

Overall Rating

5,085

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

416 Order Completed

95% Response Time

Tyler Moore

MBA in Accounting

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

184 Order Completed

96% Response Time

Arapera Billing

Masters in Management, MMgt

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

203 Order Completed

97% Response Time

Richard Alpert

PhD in Psychology

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

93 Order Completed

100% Response Time

Jackson Mitchell

MiM (Masters in Management) in Supply Chain Management

New Jersey, United States

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Awesome work. Awesome response time. Very thorough & clear. Love the results I get with MAH!

flag

User Id: 383727 - 31 Jul 2020

Australia

student rating student rating student rating student rating student rating

Work was done in a timely manner took it through grammarly checked for plagiarism very well satisfied

flag

User Id: 463334 - 31 Jul 2020

Australia

student rating student rating student rating student rating student rating

Great work for the short notice given. Thank you for never disappointing and helping out.

flag

User Id: 194216 - 31 Jul 2020

Australia

student rating student rating student rating student rating student rating

I received a full point on the assignment. Thank you for all the help with the assignment.

flag

User Id: 411395 - 31 Jul 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?