Kudler Fine Foods - Accounting System
Eric Raymond
BSA/310
September 3, 2012
Dr. Marcia Reid
Kudler Fine Foods - Accounting System
The purpose of this paper is to describe the value of a new accounting system for Kudler Fine Foods. The author will cover the key features, core technology, benefits, and cost of the proposed system.
In businesses today, it is imperative that the accounting system be tied into every aspect of a business and integrated within all of the information systems in use. Therefore, before any system is updated or changed, the accounting system must be considered and analyzed for compatibility and integration. Kudler Fine Foods hired a consulting firm to “assist in the selection and installation of a
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If the transaction is small, the store manager can pay for it out of an “impress” fund that each store has. The store manager would then fax the information to F & A to be manually entered into the system.
In my opinion, Kudler Fine Foods could benefit from a holistic Finance and Accounting system that will allow for better compatibility with the company’s other systems. The current system has a module for each major function and each module has to maintain compatibility with the other modules. If any upgrades or changes were to be made on any of the other systems in the company, all of the separate modules of the Finance and Accounting system would need to be compatible. This means that there is a greater expense in upgrading or changing any other system in the company because all systems must be connected to the F & A system. A holistic system that can provide all of the necessary functions needed by the company all in one program and streamline the process and minimize the costs of upgrading systems anywhere in the company. In the long run, it would be less costly to first upgrade the Finance and Accounting system before any other systems are upgraded. Then the other systems can be tailored around the Finance and Accounting system to ensure compatibility and to unify the company’s business systems. The alternative
Romney, M., & Steinbart, P. (2012). Accounting information systems. (12th ed., p. 143). Upper Saddle River, NJ: Prentice Hall.
The Kudler Fine Foods is one the best stores around. They have come a long way in such a short period of time. They, however have out grown their old network infrastructure and they are in in dire need of an enterprise wide upgrade to their stores as they will start to lose money if this does not happen very soon.. The strategic goals of the enterprise network are to introduce new technologies in data collection, company communication, and information protection while providing the best data speeds and network access and use friendly access. This is very important because if this is done correctly, this will increase revenue
Competitive intelligence and analysis is an important part of a business. Competitive intelligence is the art of defining, gathering, analyzing, and distributing intelligence about products, customers, competitors, individuals, concepts, information, ideas or data needed to support executives and managers in making strategic decisions for a business. This includes a broad array from government intelligence to market intelligence to business intelligence (Competitive Intelligence, n.d.).
ProductSAP ERP GBIRelease 6.04LevelUndergraduateGraduateBeginnerFocusAccounting Entries in Manual and Automated SystemsIntegration of Accounting JournalsAuthorsJim MenschingNancy JonesContributorsPatti BrownVersion1.0
Using benchmarked data, Kudler Fine Foods can "reduce costs of ordering foods and minimize the amount of food to be stored, while also having a zero stock out policy [and develop] a supplier relations program " (Apollo Group 2, 2005) These initiatives will reduce Kudler Fine Foods ' internal costs which can be passed on to the consumers.
Kudler is planning to have an annual revenue increase by 5% within 12 months breaking it down to four categories. A quarter percent gain is anticipated in the projects launch as well as the training of employees’. Profits will increase by a half of a percent during the assessment and alteration of the project with the promotion of the Frequent Shopper Program taking place at this time as well. In each phase of the development customer satisfaction will increase so will revenue, which will lead to an overall increase of 4.75% (Kudler Fine Foods. (2004). Apollo.).
The recent years there has been many breaches in organizations throughout the globe. These attacks have had terrible outcomes and have cause Havoc on several companies because of the security that they had were vulnerable to external attacks. Many applications and software programs were infected. These attacks all occurred over the internet. As the internet keeps growing it is harder than ever to track down were the attacks generate from (location) that is. Because of these protocols, the security breaches still are occurring and difficult to eliminate and design a cure for them as they change as frequently as technology does. Because of the ease of the attacks, user simply click on a link and the attack is executed. Because of the recent
Sage Abra HRMS automates payroll processing and would help to keep Kudler Fine Foods in compliance with the latest government regulations for withholding, filing, and depositing taxes. With payroll and HR data stored in the same database, unnecessary paperwork is greatly reduced. Changes made to the HRMS database reflect in both payroll and HR systems. This eliminates errors and the need for duplicate entry of employee, pay rate, benefits, and deduction information.
Kudler fine foods are a high level specialty food store with the finest series of food and wine. The storehouse is dedicated to offering top class foods to their consumers. Kudler fine foods would love to make an innovative program to follow any customer acquisition through a frequent shopper program. The frequent shopper program would gift loyalty points and give the chance to convert those points towards Kudler fine food products. The frequent shopper program will store customer purchase behavior, demographic information, which will assist in any promotions and store
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Accounting Information Systems The Crossroads of Accounting and IT by Donna Kay, Ali Ovlia Instructor’s Solutions Manual
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With this system each customer’s order cost the same amount to complete causing orders with high profit limits to subsidized orders with low profit limits making it difficult for Super Bakery to know the true cost for an order. The company changed to the activity-based costing (ABC) system allowing the managers the ability to recognize the cost and profit margins for each sale. The ABC system associates the costs with the activities allowing managers the opportunity to access a system that allocates overhead costs that uses multiple bases. Costs can be traced back to each individual’s account regardless of the product provider letting managers know which products are profitable and which ones are not. The traditional costing system allocates cost to departments or jobs instead of overhead cost pools. The traditional costing system makes it difficult to know which activity or product is making a profit.
An Accounting Information System is an integral part of the new design of Kudler’s computer system. Accountants do not necessarily need to understand completely how computers process data of the accounting application, but it is essential for them to understand the flowcharts and documentation that shows how this processing works. The purpose of the new system is to integrate the four Kudler locations. Centralizing the accounting system will save Kudler money by automating accounting, inventory, human resources, and purchasing. Additionally, implementing levels of security, the new
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