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FNSORG602 Develop and Manage Financial System

Question

Answered

Task:

 For the purpose of the decision making

  1. Accounting information provides information about future events
  2. Accounting information provides information about the outcome of past decision
  3. The future is used as a guide to past estimates
  4. The accountant never become involved in the budgeting process

Your company uses QuickBooks for managing its finance. The chief executive officer at a networking function had a conversation with the market leader in the sector. They advised that they updated their system to an Enterprise resources planning. Your CEO has done some research and is interested in a product called Netsuite as she feels this will make the company more competitive in the sector. She has asked you to research and review the product and make recommendation on the change.

Create a Written report to outline the features and benefits of using Netsuite.

Your report should describe how the company will be able to meet its legislative obligations. How the system will facilitate meeting the reporting and auditing requirements for business and meet financial planning needs of the business. Your report should address accounting and bookkeeping practices required for financial control and should outline the key features to be considered in financial system design and explain the key features of organizational administration systems and practices.

FNSORG602 Develop and Manage Financial System

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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