Answer To: 1 | P a g e HI5019 SIS INDIVIDUAL ASSIGNMENT T1 2018 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION...
Sangeeta answered on May 12 2020
Introduction
To start with, the suitable accounting software could prove to be a time and money saving and valuable tool (Laudon, 2017). However, with more than sixty diverse tools present within Australia, recognizing the most appropriate system is not that easy task. Frequently, it is vital to choose an application, which is simple in terms of management and is suitable for the business and keeps one informed about the newest innovations (Allahyari, 2012). Additionally, whether one is expanding the present business, merging some new corporation into an already prevailing system, or looking for some accounting software for seeking out business workload, it’s highly significant to look for professional guidance prior to executing any new system into the business (Laudon, 2017). Moreover, there prevails an extreme war being waged over the SMEs of Australia; the prize is regarded as the sector where more than 70 percent of the Australians owning businesses are making use of accounting software packages (Allahyari, 2012).
Additionally, Commercial banks within Australia are placed at the forefront in adopting this software and are also motivating SMEs to adopt the same. Specially, the Xero accounting software has spread its mark within Australia with a contract with one among the renowned financial institutions of Australia i.e. the Commonwealth Bank (Laudon, 2017). Additionally, the Wellington-developed accounting software signed agreements with the Commonwealth Bank for bringing the lenders of Australia into growing “financial web of Xero.” Moreover, the Commonwealth Bank makes use of Xero accounting software for the purpose of storage, gathering and lastly, processing of invoices, bills and receipts as simple and cost-efficient as probable (Laudon, 2017). Moving ahead, such award-winning accounting software is adopted in the bank for the purpose of enhancing the services quality it offers to the clients. The integrated amalgamation amid the software provider and the bank makes sure real-time accounts payable along with the expense data flows direct in the bank books. Undoubtedly, competition is rising within the Australian software sector. The greatest percentage of accounting software users within Australia are the middle and small sized companies (Allahyari, 2012).
Further, taking the above discussion into consideration this particular paper attempts to examine an organisation i.e. Qantas Australia, which is making use of accounting software packages. The Qantas airline isn’t just the oldest airlines operating within Australia nevertheless it is also the third oldest even now operating airlines worldwide (Qantas, 2018). Qantas began its functional activities procedures during the year 1920 being a domestic passenger airline and began its global services during the year 1935 (Qantas, 2018). The airline has been quite successful in retaining its brand image for about a period of century and even now is regarded as being one among the highly preferred airlines among the Australian people and worldwide (Qantas, 2018). Likewise, this particular report would lay emphasis upon the accounting system adopted at Qantas for implementing and maintaining its accounting and financial transactions across international, domestic, cargo facilities and other subsidiary business services under Qantas brand (Qantas, 2018).
Part 1
1. The current organizational structure:
For properly understanding the current organizational structure of Qantas airline, one must first of all comprehend its business operating products along with their subsidiaries that implement the procedures in link with Qantas Airlines (Qantas, 2018). The airline offers international and domestic passenger provisions to the clients globally. It is also a fraction of the fleet provisions that would carry couriers and cargo from one region to some other. Qantas also operates the express ground handling provision for itself and other regional and small airline services that they could not manage themselves (Qantas, 2018).
Moving ahead, the organizational model of Qantas is quite multifaceted in nature as well as decentralized. At Qantas, the decision-forming power is allocated to the relevant managers and the top management of the particular subsidiaries for ensuring that speedy decision-forming procedure is implemented. The top executives of the company are accountable for the strategic and vital decision-forming for Qantas; nevertheless, the managers are permitted to form their decision taking into consideration the prevailing situation (Qantas, 2018). The Airline follows a separate functional organizational framework for each subsidiary for the purpose of maintaining transparent and clear allocation of authorities and responsibilities. Such multifaceted organizational arrangement at times results in delay in the decision-forming procedure during few highly critical situations.
What operational problems (e.g., inefficiency, errors) do you think the organisation could experience because of this structure?
The company is implementing diverse functional practices and must make sure that it is capable of executing its procedures with slightest errors and highest correctness. There are several operational issues that Qantas could face because of the organization structure will be chiefly related to interruption during the decision-forming procedure...