Strategic Information System Individual Assignment - for the
In recent years, modern enterprises are seen to increase its reliance on accounting reports to support information system for strategic business decisions. The companies are analysing information from accounting reports to integrate accounting information system as communication tool and knowledge tool in developing business strategy and design solutions to fulfil business requirements from accounting practice Peppard and Ward, The accounting practices are now supporting the design of accounting information to obtain benefits from accounting computerised software and cloud-based software that process large financial data, saves time and effort to track, record and store transactions for customer, suppliers and other business partners Soudani, The different elements of accounting software are account receivable, accounts payable, payroll, invoicing, trail balance and basic accounting report such as balance sheets and profit and loss accounts. The different accounting packages are used by Australian SMEs and large companies to assist in judgement, making strategic decisions and business strategy to gain competitive position in the marketplace. The technological advancements in the Australia has provided the momentum for accounting software packages companies like MYOB a dominant cloud accounting software provider , Xero, Intuit, Quickbooks to dominate the Australian accounting market. The purpose of this report is to analyze the literature of an Australian organisation using accounting software package. Strategic Information System Individual Assignment
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