kudler - Kudler Fine Foods Kudler Fine Foods Randi Padavano...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Kudler Fine Foods Kudler Fine Foods Randi Padavano ACC 542 Christy Countryman April 18, 2011
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Kudler Fine Foods Kudler Fine Foods was founded by Kathy Kudler in June of 1998. This gourmet food store opened two other stores in 2000 and 2003 in the San Diego area (Apollo, 2011). The Kudler Fine Foods have a significant variety of baked goods, pastries, produce, meat, seafood, and dairy. Kathy Kudler made sure that Kudler Fine Foods purchased the finest products the world had to offer. This gourmet store still continues to grow based on Kathy Kudler’s idea. One of the biggest reasons for the growth of this food store was the technology use in Kudler’s store. Key Accounting Information and Business Needs Kudler Fine Foods has a business plan that includes funds in excess of $50,000 that would hire a consulting firm to select and install a Retail Enterprise Management System (Apollo, 2011). This gourmet store has different sections within the accounting system that includes general ledger module, accounts payable module, POS module, bank reconciliation module, asset management and accounting, and security (Apollo, 2011). Each department handles a certain set of requirements. Within the general ledger module these people deal with “transaction detail and roll-up by any number permutations” (Apollo, 2011). The general ledger module also is required in the financial reporting of the balance sheet, income statement, and cash flow from period to period as well as store comparisons. One of the biggest requirements for the general ledger module is also the budget requirements for each store. As for the accounts payable module, these employees are required to “Handle international addresses necessary because of direct international purchase of items such as wine, olive oil, selected produce and cheeses” (Apollo, 2011). The POS module reports all retail sales in detail as well as provides the data directly to the general ledger. This module handles all credit card and debit card transactions to the electronic payment house (Apollo, 2011). Kudler Fine Foods in 2003 had a Net Sale of
Background image of page 2
Kudler Fine Foods $10,796,200 (Apollo, 2011). According to the balance sheet of the gourmet food store, the total assets end up being $2,675,250, while the total liabilities total $746,290 (Apollo, 2011). Having
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/15/2011 for the course ACC ACC taught by Professor Mari during the Fall '10 term at University of Phoenix.

Page1 / 7

kudler - Kudler Fine Foods Kudler Fine Foods Randi Padavano...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online