Kudler Accounting System Paper

Kudler Accounting System

The accounting system is a crucial part of the business operations systems. The current accounting systems, while comprehensive, are lacking some key features that could increase benefits and reduce losses. The accounting information systems are used to gather financial data and provide information for internal and external decisions. These decisions include marketing, purchasing, payroll, investments, sales, and accounts, both payable and receivable. The purpose of a new accounting information system is to take advantage of new key features and core technologies that will help to keep the company agile in its decision making and better prepared to compete in today's market and economy. The current system is modular in design and made to be scalable so the additions and updates can be made so that a new accounting system could incorporate and build on the existing system.

Key Features

The key features for the purposed accounting information system include integrating the accounting systems with the rest of the enterprise systems, auditing software, budgeting software, integrated accounting and finance software, the use of XBRL programming language for filing reports, ERP (Enterprise Resource Planning), SCM (Supply Chain Management), CPFR (Collaborative Planning, Forecasting and Replenishment), CRM (Customer Relationship Management) and, KM (Knowledge Management). Key features would also include financial planning and budgeting, financial and economic forecasting, as well as integrated accounting and business software. Industry specific software would be used tie in expenditures to program for accomplishment. IT systems will also make use of auditing to help track fraud and other harmful expenditures. Financial ratio analysis will become more accurate as they can be completed faster and with more information. Profitability analysis and cost control will be able to function at optimum performance levels with constant and additional data feeds.

Core Technology

The ERP system for the new accounting information system is software that will create an infrastructure that links the various areas of the enterprise system together to help facilitate internal applications and decisions as well as external business processes. The SCM systems oversee and manage the steps in the supply chain, such as transportation, manufacturing, inventory, and scheduling. CPRF systems have the ability to predict ordering needs, forecast supply demands and coordinate with supply chain partners to help fulfill the business needs. CRM software will help to manage customer relations by creating custom views that display customers with similar needs grouped together and improve potential sales. KM software would be used to order, share, and maximize information use across multiple systems. The use of XBRL as a programming language