1. 4. Your company has recently expanded and the old accounting software in place is no longer capable of handling the tasks at hand. It’s your job to research the various accounting software programs currently on the market (at least two) and make a reco

MEMORANDUM

DATE: 03/28/2018

TO: Dr. Hagemann

FROM: Team AP

SUBJECT: ACCOUNTING SYSTEMS

Introduction

Accounting practices were initially carried out manually. A process that deemed to be both time consuming and cumbersome. Over the centuries multiple inventions have been made with an aim of perfecting the business process which is critical in the tracking and managing the finances of an organization. Multiple authors have given an account of various dimensions and issues that accounting systems have encountered over the decades.

The article authored by Ben-Menachem and Gavious explores accounting software assets depicting each asset and its role in the accomplishment of accounting goals and objectives. The author focuses on accounting software management which is business practice involving the optimization and management of purchase, maintenance, deployment and disposal of software applications(Ben-Menachem,2005).The research article will be critical to the topic of discussion as it provides insight of accounting software assets, illustrates and explains a wide variety of techniques that can be applied in facilitating and ensuring that each member accounting software function at their optimum level. In addition the article evaluates current accounting software assets.

The article whose author is of “Configuration Status Accounting” unknown yet published by the software configuration management journal was authored in 2004 and it provides a wide variety of configuration options that can be applied in the development and implementation of accounting systems. In addition, the article evaluates the level of risk the accounting systems are exposed to as well as options in how to address the challenge(Configuration,2004). The research journal is critical to the project as it provides critical information about factors to consider when selecting accounting software. Furthermore the article highlights a list of metrics and bench marks to be applied in the evaluation of accounting software.

The article authored by A, Deshmukh does not possess a publication data and focuses on the phases of accounting software over the decades. The article highlights the difference of accounting software in various timelines, illustrating how the changes have influenced the accounting sector. The evolution further illustrates the successes made over the decades in the development of effective accounting software(Deshmukh,n.d).The research article is critical to the project as it provides information about past accounting systems, challenges of past systems as well as solutions implemented to address the numerous issues highlighted. In addition the article provides a road map for future developments of accounting software.

The article was authored in 2015 by L. Jinping and published for the 27th Chinese control and decision conference. The article focuses on computer auxiliary accounting. The report illustrates a wide variety of issues within the accounting environment. In addition the article depicts finds made on various research projects specializing in accounting software(Jinping,2015).The article is critical to the project as it provides insight on various accounting software environments. Conversely the article illustrates the issues experienced in each environment as well as depicting the most appropriate environment.

Accounting software is critical in the 21st century especially as a result of technology advancements (The relationship of, 2010).The evolution in accounting software has been influenced by a number of factors that have indeed changed the face and dynamics of accounting. Accounting has therefore been made easier as well as achieved its optimum purpose of providing analytical financial information (Accounting software, n.d).

References

Accounting software. Valued Added Tax in the UK. Specification. (n.d.). doi:10.3403/30143080

Ben-Menachem, M., & Gavious, I. (2005). Accounting Software Assets. SSRN Electronic Journal. doi:10.2139/ssrn.721682

Configuration Status Accounting. (2004). Software Configuration Management. doi:10.1201/9780203496114.ch6

Deshmukh, A. (n.d.). The Evolution of Accounting Software. Digital Accounting. doi:10.4018/9781591407386.ch002

Jinping, L. (2015). Computer auxiliary accounting research of environment accounting software. The 27th Chinese Control and Decision Conference (2015 CCDC). doi:10.1109/ccdc.2015.7162275

The relationship of software fit and organizational resistance on the success of accounting software implementation in Hochiminh City, Vietnam. (2010). International Journal of Accounting & Information Management, 18(1). doi:10.1108/ijaim.2010.36618aad.008