Assignment case study Sam Walton and John Walton are two brothers who run their father’s 20-year-old business Walton Brothers Auto Solutions. They have two divisions in their business. Sam looks after the workshop, where they service new and

Assignment case study
Sam Walton and John Walton are two brothers who run their father’s 20-year-old business “Walton Brothers Auto Solutions”. They have two divisions in their business. Sam looks after the workshop, where they service new and used cars. Second division of business is retail of automotive parts, which is looked after by John. Retail shop is located just 20 minutes away from car service workshop. Both sites are located in Sunshine suburb of Melbourne. From last 2-3 years their business has been growing at a very fast pace. Their business continues to use traditional means of reporting and heavily relies on paper based reporting mechanism. However, as business is expanding fast so it is becoming difficult to keep up with the pace of reporting requirements, need of timely information primarily in relation to costing, pricing and sales revenue for their business. Margaret Jones is their bookkeeper; she spends considerable time for just maintaining the books and journalising transactions in a traditional way. Many a times payments to suppliers are delayed and payments from customers are not received by due date. On some occasions customers do not make payment and Walton Brothers do not even chase all overdue payments in a timely manner due to using traditional recording and reporting mechanism. In last couple of years business revenue has grown by more than 80%, which then lead to increase in many expenses and other costs. Walton Brothers are facing cash flow issues and are finding it hard to maintain a reputation of reliable operators. Margaret advised Walton Brothers that they needed to improve their accounting systems and not using
computerised accounting software was one of the issues.
YOU ARE REQUIRED TO:
1) Explain traditional accounting system for recording accounting transactions. Identify its strengths and weaknesses.
2) Why it is important in today’s accounting profession to focus on paper less work processes?
3) What are various options that Walton Brothers have if they want to have automation in their Accounting
techniques? At present their entire recording and reporting is paper based.
4) Conduct an online research and suggest at least two accounting software that they can use. For both software answer the followings:
4.1 Explain how it will solve the current problem.
4.2 Explain any strength and/or weaknesses.
4.3 Explain cost to purchase and implement (software and hardware cost both)
4.4 How is using an Accounting software different from using existing traditional Accounting techniques.

Acemyhomework
Calculate your paper price
Pages (550 words)
Approximate price: -
Acemyhomework

Quality Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Acemyhomework

Qualified Writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Acemyhomework

Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account.

Acemyhomework

Prompt Delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. We will always strive to deliver on time.

Acemyhomework

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text.

Acemyhomework

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Homework Market

Place your order

Fill in the order form and provide all details of your assignment.

Homework Market

Proceed with the payment

Choose the payment system that suits you most.

Homework Market

Receive the final file

Once your paper is ready, we will email it to you.

Acemyhomework Writing Services

No need to work on essay at night. Sleep tight, we will cover your back. We offer all kinds of essay writing services.

Acemyhomework Acemyhomework

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Acemyhomework Acemyhomework

Admissions

Admission Essays

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Acemyhomework Acemyhomework

Editing

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Acemyhomework Acemyhomework

Revision

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied.