Assignment Details Background After finishing your Bachelor of Accounting, you joined a multinational enterprise in 2007. During the last thirteen years in a multinational enterprise, you have performed different roles, including: 1. Evaluating the systems development methodologies and the role of accountants in system development projects, and 2. Appraising the risks inherent in the Enterprise Resource Planning, and analysing the role of ethics and the various internal control processes that need to be in place. On 1st July 2020, you decided to quit the job and started your own accounting/management consultancy firm. Further, you thought it better to get the latest academic insights of professional accounting. For this purpose, you started your Master of Professional Accounting at Holmes Institute, Brisbane. And you enrolled in HI5019 in the first trimester since it is the most relevant unit to your consultancy services. One of your firm’s clients is currently evaluating its information systems, and the Managing Director of your client thinks that they needed to invest in an Enterprise Resources Planning (ERP) system to support the growth of the business. During your first meeting, the managing director of your client requested you to evaluate their business and recommend ERP software. Client/Company Selection You are required to select a listed company of your choice (your firm’s client). The selected company should be a manufacturing firm listed on either The Australian Stock Exchange or the Stock Exchange of your home country. The chosen company is your firm’s client. Framework of Analysis The report should include the following components: Background of the Selected Business 1.1 Based on our discussion in Interactive Tutorial 4 to 6, describe your client’s business activities involved in the Transaction Processing System. 1.2 Consistent with Section 1.1 above, discuss the key business processes involved in the Transaction Processing System. 1.3 We have evaluated different business processes in Interactive Tutorial 4 to 6. Based on this discussion, evaluate the business process of your client to identify potential weak internal controls and the risk associated with these potential weak controls. 1.4 Recommend the control techniques that will reduce or eliminate the potential risks identified in Section 1.3 above. Systems Requirements 2.1 Based on Section 1.1 to 1.4, briefly discuss the software features and functionalities that your client should consider supporting its business activities. Software Selection 3.1 ERP functionality falls into two general groups of applications. We will discuss these general groups of applications in the Interactive Tutorial 11. Based on our tutorial discussion summarise these two general groups of applications. 3.2 Further, we will discuss the general functionalities and key elements of ERP systems in Week 9 and 10 (Chapter 11: Enterprise Resource Planning System). Compare and contrast the features and functionalities of three ERP software packages offered by the ERP vendors. 3.3 In the end, identify the most suitable vendor and ERP software package for your client and explain why it is the best option. Guidelines Word limit Up to 2,500 words. • 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 report and listed appropriately at the end in a reference list using Harvard referencing style. • Include a minimum of thirteen (13) references, at least five (7) from peer-reviewed journal relevant to the unit.
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