StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Strategies for Implementing Accounting Software Systems in Small to Medium Enterprises - Essay Example

Cite this document
Summary
Project subject area and Angle description - Small to medium enterprises are major components of developed economies as they constitute 99% of the total number of business operations in these countries. Taking this into consideration, intensive research on the factors affecting their performance is extremely crucial.
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.5% of users find it useful
Strategies for Implementing Accounting Software Systems in Small to Medium Enterprises
Read Text Preview

Extract of sample "Strategies for Implementing Accounting Software Systems in Small to Medium Enterprises"

Download file to see previous pages

However, formulating and executing implementation strategies for accounting software are important in maximizing the accounting efficiency of an SME. Problem to be Solved and Worth - In this highly developed economy, there is an influx of accounting software packages tailored to the needs of various customers. This wide array of choices leads to the dilemma of picking out the 'right' software system for small to medium business operations which in turn, brings the more difficult issue of crafting implementation strategies for the accounting software.

This problem requires intensive research as it provides better understanding of the relationship between accounting efficiency and strategies of software implementation. Idea for Action and Data Outline - First, the researcher will conduct interviews with 10 to 15 SMEs to gather the required data for the study. The interview is expected to generate a list of implementation strategies employed by these companies. Then, the effectiveness of strategies will be evaluated and compared by measuring the SMEs' accounting efficiency based on the data gathered in the interview.

For that purpose, the researcher will devise a measuring system with the help of secondary data gathered in the review of literature. . The result of analysis will be utilized in the final report to recommend implementation strategies which should be executed and should be eliminated in the accounting processes of the SMEs. Context: Setting, Background and ScopeThe proposed project will be based in the analysis of the accounting efficiency of SMEs contacted for the research. SMEs to be interviewed will come from various industries in the economy.

Although time constraints will not allow contacting a large number of SMEs for the research to come up with a more statistically accurate result, the project will be able to identify the most general trends in accounting software strategies. These trends will be processed and analyzed as factors influencing the accounting performance of SMEs, i.e. by looking on their effectiveness. The measuring system developed in this project will particularly reveal the differences in accounting efficiency as a result of the execution of different implementation strategies.

Project Strategic IT Value and IntentionThe result of the proposed research will be presented in the form of a report which analyzes the software strategies employed by SMEs including the recommendations developed during the research. This set of recommendations will be a useful contribution to the general theory of software implementation strategies as it will aid SMEs to develop strategic approaches in choosing suitable accounting software and devising implementation strategies to enhance accounting efficiency.

It can be noted that theoretical frameworks have been mainly concentrating in the general benefits of strategic approach to software implementation. For example, Jones (2005) advises small

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategies for Implementing Accounting Software Systems in Small to Essay”, n.d.)
Strategies for Implementing Accounting Software Systems in Small to Essay. Retrieved from https://studentshare.org/business/1500187-strategies-for-implementing-accounting-software-systems-in-small-to-medium-enterprises
(Strategies for Implementing Accounting Software Systems in Small to Essay)
Strategies for Implementing Accounting Software Systems in Small to Essay. https://studentshare.org/business/1500187-strategies-for-implementing-accounting-software-systems-in-small-to-medium-enterprises.
“Strategies for Implementing Accounting Software Systems in Small to Essay”, n.d. https://studentshare.org/business/1500187-strategies-for-implementing-accounting-software-systems-in-small-to-medium-enterprises.
  • Cited: 0 times

CHECK THESE SAMPLES OF Strategies for Implementing Accounting Software Systems in Small to Medium Enterprises

Software Systems within SMEs

This essay "Software Systems within SMEs" concerns the strategies for implementing accounting software systems within SMEs.... nbsp; strategies for implementing accounting software systems within SMEsTopic OutlineSmall to medium enterprise present the major part of developed economies: SMEs form 99% of enterprises in highly developed countries (Usherproject.... My project will fill this gap and provide companies with an analysis of different strategies for implementing accounting software systems....
1 Pages (250 words) Essay

Strategies for Implementing Accounting Software Systems within SMEs

The recommendations on choosing a certain strategy for implementing accounting software systems developed within this project will be a useful contribution to the general theory of software implementation strategies explaining through evaluation of strategic approaches what steps a small to medium enterprise should take to implement a suitable accounting software successfully.... In this highly diversified area, choosing the 'right' software system becomes an important and at the same time difficult issue leading to the importance of picking out the 'right' strategy for implementing accounting software....
5 Pages (1250 words) Essay

Main Information about Narratives

For example, if the accounting software created by Sage can work harmoniously with adobe pdf files, and word files and excel files, as well as other competing accounting software, then there will a deluge of buyers of the sunshine product.... Small and medium scale enterprises have shown strong needs to purchase business (specifical accounting ) software in order hasten and make more accurate current manual accounting business transactions....
8 Pages (2000 words) Essay

Improving Performance Efficiency among SMEs via Accrual Accounting Systems

This project will look at the role of accounting systems in SMEs but will focus on the extent to which the adoption of an accrual-based accounting software package can enhance firm efficiency insofar as it allows it to benefit from budgeting. small to medium enterprises are major components of developed economies as they constitute 99% of the total number of business operations in these countries.... In direct relation to the aforementioned, accounting and organisational management scholars have determined that the right accounting software package can substantially contribute to organisational performance and the maximisation of efficiency and effectiveness (Hirst and Hopkins, 1998)....
16 Pages (4000 words) Essay

Strategies for Implementing Accounting Software Systems within SMEs

This project will recommend appropriate strategies for implementing accounting software that best suited with SMEs in order to improve accounting performance while complying with good corporate governance The growth of economy in a country will in turn create new opportunities that demand lots of suitable strategy in order to grab them and turn big ideas into outstanding products that will be saleable in the market the new entrants exist. … Recent accounting scandals in Enron and WorldCom, for instances, have demonstrated just how a company's book is incomplete, unreliable and subject to data manipulation....
13 Pages (3250 words) Essay

Accrual Accounting Systems

Project subject area and Angle description - small to medium enterprises are major components of developed economies as they constitute 99% of the total number of business operations in these countries.... In direct relation to the aforementioned, accounting and organisational management scholars have determined that the right accounting software package can substantially contribute to organisational performance and the maximisation of efficiency and effectiveness (Hirst and Hopkins, 1998)....
10 Pages (2500 words) Essay

Business Information Systems

nbsp;The use of business systems has a more accentuated outcome compared to big enterprises.... Such knowledge will enable the reader to comprehend the consequences of effectively administering particular business information systems to the mentioned enterprises.... Quite a number of business enterprises have now opted to utilize the use of information in technology in the running of their operations.... The use of business systems that are based on information technology has a more accentuated outcome compared to big enterprises....
7 Pages (1750 words) Term Paper

Knowledge Worker Information Systems

The shared database is the central unique feature of ERP systems as it allows multiple functions that are used the various business units.... Knowledge workers include architects, financial analysts, inventors, lawyers, doctors, software developers and teachers.... Gable and Scott (2012) argue that the software also ensures the streamlining of information and processes in the entire organization.... The ERP software simply offers distinctive synchronized automation and reporting....
11 Pages (2750 words) Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us