You are required to enter a range of transactions and generate some reports to

You are required to enter a range of transactions and

This preview shows page 10 - 12 out of 20 pages.

in Xero and enter the first month’s transactions. You are required to enter a range of transactions and generate some reports to assist with the business start-up. All information has been supplied by the business owner for you to input. The set up and transactional data is provided in Interact Resources. Task requirements: Process your clients' transactions for November 2017. Generate and submit the following reports to your client for the month of November 2017; Profit & Loss Balance Sheet Trial Balance Aged Payables (detail) Aged Receivables (detail) Inventory Item Summary. The marks assigned include correctness of information and the presentation of your reports. They need to look professional, as though they could be provided to your client. Part B, 3 marks It is now June 2019 and Swim Things has been highly successful, experiencing rapid growth in the local region. Sam and Kiera now employ 8 staff with shop fronts in 3 different locations and a large on line business. They presently hold a range of stock at each location and have a large storage area in a central location to hold their inventory. Their 5 year plan includes expanding their business even further and to become the top supplier of swimming products in Australia. As part of their strategic plan, they are contemplating the implementation of an Enterprise Resource Planning (ERP) System. They have reservations, however, about spending that amount of time and money implementing a new system when using Xero over the cloud provides them with all the functionality they currently require. Provide Sam and Kiera with a 1 page executive summary regarding implementation of an ERP system. Your executive summary needs to include: What is an ERP system? (0.5 marks) A clear recommendation to ‘Swim Things’ regarding whether you believe they should implement an ERP. (0.5 marks) Justification for your recommendation including the key benefits and potential disadvantages of Swim Things implementing an ERP when compared to their current system, Xero (which (1.5 marks) you used for Part A of this assignment) 0.5 marks will be awarded for the presentation of your report, in line with the presentation requirements detailed below.
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Charles Sturt University Subject Outline ACC539 201790 SM I-27 October 2017-Version 1 Page of 11 20 Rationale This assessment task has been designed to assess your ability to: understand and apply foundation principles relating to computerised information systems in contemporary organisations. Marking criteria Criteria HD DI CR PS Set up and enter data into a computerised accounting information system and generate nominated reports An outstanding level of skill demonstrated in set up and processing of accounting transactions including: correct accounting classifications with accurate coding; correct naming applied to all new accounts and items; outstanding data entry; no errors; follows all specifications.
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