The Russian Revolution s Influence On Joseph Stalin

Serene Singh Psarakis SL History G1 21 November 2014 The Russian Revolution’s Influence on Joseph Stalin Joseph Stalin greatly influenced Russia in the years 1924 through 1932. His rise to this power can be explained by the Russian Revolutionary experience that allowed him to gain authority in Russia. Although historians often refer to Stalin as a ruthless, mindless dictator, he redirected the Russian Revolution to major economic development. Stalin’s character in Russia during the Revolution catalyzed the many events that took place during the time period. Because of Stalin’s ability to both appeal to the masses, and take advantage of events, like Lenin’s death, Stalin was able to rise to power. Essentially, the Russian Revolution fostered the development of Stalin’s dictatorship leading the country into a state of economic growth and influence. The Revolution fostered Stalin’s ability to maintain a central leadership, use violence to gain control, and regenerate a previously disconnected econ omy. During the early 1900’s, the tsar government became progressively weaker and increasingly aware of its vulnerability in Europe. An average industrial employee worked twelve hours daily in Russia. Alongside this, factory conditions were extremely harsh and the workers felt like little concern was given to their safety and health. Even though attempts to lessen the harsh conditions were made by the workers, little was accomplished. Russian workers wanted to cutback on the hoursShow MoreRelatedThe Russian Revolution s Influence On Joseph Stalin1436 Words   |  6 PagesSerene Singh Psarakis SL History G1 5 November 2014 The Russian Revolution’s Influence on Joseph Stalin Joseph Stalin greatly influenced Russia and the international community in the years 1924 through 1932. His rise to this power can be explained by the Russian Revolutionary experience that allowed him to gain influence in Russia. Although historians often refer to Stalin as a ruthless, mindless dictator, he redirected the Russian Revolution to later present economic development and opportunityRead MoreLeon Trotsky s Influence On The Soviet Revolution1496 Words   |  6 Pagesrevolutionary who played a leading role in the 1905 Revolution, in the eventual Communist Revolution of October 1917, and in the Russian Civil War. Without Trotsky’s impact in the Russian Revolution, the Bolsheviks would have been defeated. His own beliefs on Marxism combined with his intellect made Trotsky a target and influential leader in the Soviets. From his studies on Marxism, he created Trotskyism, a Marxist ideology based on the theory of permanent revolution. Also, his organization-building skil ls andRead MoreJoseph Stalin : The Dictator Of The Soviet Union Essay1265 Words   |  6 PagesJoseph Stalin was a former general secretary of the Central Committee of the Communist party of the Soviet Union. Stalin was the dictator of the Union of Soviet Socialist Republics from 1929 to 1953. His Red Army helped defeat Nazi Germany during WWII. On December 18th, 1879, in the Russian peasant village of Gori, Georgia, Joseph Stalin was born. His full birthname was Josef Vissarionovich Djugashvili. He died on March 5th, 1953 in Kuntsevo Dacha. Joseph was buried in the Kremlin Wall NecropolisRead MoreStalins Rise To Power984 Words   |  4 Pages Comrade General Secretary Joseph Stalin’s rise to power in the former Soviet Union was born in the midst of the Russian Revolution of 1917. His association and friendship with Vladimir Lenin also played an integral part in the dictator’s power grab. Stalin participated in the December 1904 oil worker strike in Baku, Georgia, which ended successfully later that month. It was the first time in Russian history that a collective bargaining agreement was signed between oil company owners and oil workersRead MoreThe Tragedy Of Vladimir Lenin And The Rise Of Joseph Stalin1331 Words   |  6 Pages Some of the most tragic moments in Russian history occurred during the tumultuous period between the death of Vladimir Lenin and the rise of Joseph Stalin during the 1930s. This was a time of massive devastation during which almost 5 million peasants died of starvation due to the failures of collective farming. Thousands of men and women were also falsely accused of anti-patriotism and sent to Siberian labor camps in which they experienced rampant disease, physical and emotional abuse, and oftenRead MoreJoseph Stalins Power1574 Words   |  7 Pages Joseph Stalin is one of the most notorious figures in history. It all started in 1875, with a young Caucasian, Vissarion Ivanovich (son of Ivan) Djugashvili, set out from the village Didi – Lilo, near Tiflis, the capital of the Caucasus, to settle in the little Georgian country town of Gori. There he started a small shoemakers business. Vissarion Djugashvili was the son of Geogian peasants who only ten years before had still been surfs. He was just a slave to some Georgian landlord. He would neverRead MoreEssay on The life of Joseph Stalin554 Words   |  3 PagesThe life of Joseph Stalin Joseph Stalin. One of the Russias most supreme leaders. But one of its most horrid as well. He brought them up while also letting them down. Some could say where would we be without him. But others wish they never were led by him. He went from nothing to the most powerful man in the now most powerful country. In the early years. He was first born Josef Vissarionovich Djugashvili to a poor shoemaker of a father on December 21 1879. It was a small village calledRead MoreStalin And The Soviet Revolutionary War1065 Words   |  5 PagesJoseph Stalin and Adolf Hitler are two of the most tyrannical and charismatic leaders of the world, but behind that perfect face and political success were two- men that had ambitions of conquering the world. Stalin’s used his brand of totalitarianism-communism slowly to make him the unquestioned leader and the eventual â€Å"Premier† of Russia. Hitler used fascism creates anti-government sentiment and blamed anyone who is not of Aryan Appearance for Germany’s economic downfalls. The military machineRead More Russian Avant-Garde Essay1663 Words   |  7 PagesRussian Avant-Garde was born at the start of the 20th century out of intellectual and cultural turmoil. Through the analysis of artworks by Aleksandr Rodchenko and El Lissitzky this essay attempts to e xplore the freedom experienced by artists after the Russian Revolution in 1917. This avant-garde movement was among the boldest and most advanced in Europe. It signified for many artists an end to the past academic conventions as they began to experiment with the notions of space, following the basicRead MoreStalin s Power Of The Communist Party Essay3755 Words   |  16 PagesHow was Stalin able to assume control of the Communist Party by 1929? The assumption of power by Joseph Stalin was arguably one of the most significant periods of Bolshevik Russia’s history. Stalin is recognised as one of the most influential men to have ever lead Russia, and he did so through the largest war the world has ever faced, World War II, and through the beginning of one of the most tense periods of modern history, the Cold War. It is easy however, to get lost in the legacy Stalin left behind

Human Impact on the Environment †Problems caused by population growth Free Essays

In about 1830 the human population reached one billion, there are now somewhere around six billion people on the planet today and that figure is growing at a very high and very rapid rate. Past populations were controlled by disease, war and famine but now because of technology and modern medicine. The environment around us has been built to support these growing numbers but this development is having a huge effect on the world’s ecosystems. We will write a custom essay sample on Human Impact on the Environment – Problems caused by population growth or any similar topic only for you Order Now Human population’s clear other space and habitats of other species to make way for their own. This ignorance has killed many species to extinction and polluted the environment; this has endangered our survival and the survival of other species at risk. Read this Ch. 22 Respiratory System However, in natural ecosystems factors are limiting whereas human ecosystems are different as we have the technology to maximise resources and find new ones when existing ones run out. The planet obviously can only hold a certain number of people, most species never reach their maximum numbers but they have a peak, then the numbers start to decline. Activities that have changed the landscape Industrial and domestic waste has to be disposed of, and as the population is increasing the waste is becoming more and more difficult to get rid of. There are a lot of things that cause pollution in varying rates on a big scale oil spill to a normal deodorant can which uses cfc’s. Here is a table that shows the pollutant and its effects on humans and the environment. Pollutant Effects on humans and the environment. Air Smoke Makes breathing difficult. Sulphur Dioxide Causes acid rain. Ozone Damages leaves. CFC’s Damages ozone layer. Carbon Dioxide Increases the ‘Greenhouse Effect’. Water Sewage Eutrophication. Fertilisers Eutrophication. Acid Rain Makes soils, lakes and rivers acidic. Oil Spills Kill fish. Toxic Chemicals e.g. mercury Kill fish and other aquatic life. Land Solid waste disposal at landfill sites Methane causes explosions and increases the ‘Greenhouse Effect’. Mining waste e.g. Lead Water run-off poisons plants and animals. Heavy metals kill most plants and animals. The Pollution of the Water There are a number of different ways and processes of water pollution the main ones are ‘waste disposal’, ‘organic pollution’ and ‘eutrophication’. Waste disposal is the domestic and industrial waste which is treated in sewage plants to remove impurities. The problem is that some of this waste is being disposed in many rivers and canals and polluting them heavily. This has destroyed many freshwater ecosystems like the ‘Great Lakes of North America’ and parts of the ‘Norfolk Broads’. Organic pollution is where domestic sewage is disposed in rivers and canals and the organic content in the sewage is a food source for bacteria and fungi. These organisms also take the dissolved oxygen in the water so that fish and other aquatic animals die out. Eutrophication is when the nitrate and phosphate levels are high this encourages the growth of algae. These algae can cause a lot of damage to the water ecosystem. * Algae grow rapidly and give an ‘algal bloom’ over the surface of the water. * Many blue-green algae produce toxins which kill some plants and animals. * Small animals that feed on algae do not multiply fast enough to check the increase in the algae. * Algae block out the light for the rooted plants growing on beds of lakes and they die. This reduces the amount of oxygen. * The algal population crashed due to competition for resources. The algae are then decomposed by bacteria which use the oxygen in the water. * This lack of oxygen kills many invertebrates and fish. All this is the process of eutrophication. The pollution of the atmosphere Pollution is a term used to describe the presence of an unwanted substance. Although air contains lots of microscopic particles, like volcanic dust and tiny sand grains from deserts, this pollution is natural in origin. Man-made pollution of the atmosphere however, is now causing a lot of concern. Most of this air pollution comes from the burning of coal, oil and gas – the fossil fuels – in power stations, factories and homes, and petrol and diesel in cars and other road vehicles. We need energy and electricity to keep us warm and to cook our food, but unfortunately we do not make enough from other non-polluting sources. Burning fossil fuels releases greenhouse gases into the air. This may be changing the climate and causing global warming. Other pollutants like sulphur dioxide and nitrogen oxides are also given off. This can reduce the quality of air which we breathe, leading to health problems, and can cause acid rain. Global Warming Global air temperatures as measured by land-based weather stations show an increase of about 0.45 degrees Celsius over the past century. These may be mistakes in data or climatic variation. Satellite data indicate a slight cooling in the climate in the last 18 years. These satellites use advanced technology and are not subject to the â€Å"heat island† effect around major cities that alters ground-based thermometers. Projections of future climate changes are uncertain. Although some computer models predict warming in the next century, these models are very limited. The effects of cloud formations, precipitation, the role of the oceans, or the sun, are still not well known and often inadequately represented in the climate models although all play a major role in determining our climate. Scientists who work on these models are quick to point out that they are far from perfect representations of reality, and are probably not advanced enough for direct use in policy implementation. Interestingly, as the computer climate models have become more sophisticated in recent years, the predicted increase in temperature has been lowered. However, 98% of total global greenhouse gas emissions are natural (mostly water vapour) and only 2% are from man-made sources. Sustained Development Sustainable development is where a population can make developments and improvements to their area or their needs without causing harm to the environment. Sustainable development is all about a greener planet in both developed and developing countries by not polluting the environment and being more energy friendly. Sustainable development is * Social progress which recognises the needs of everyone * Effective protection of the environment * Prudent use of natural resources Sustained development can be achieved by using less fossil fuels and researching into environmentally friendly sources of energy like solar and geothermic sources. Be less wasteful so that we use fewer resources so that they are prolonged and regenerate, find more effective ways of disposing of waste and producing less waste in the first place. How to cite Human Impact on the Environment – Problems caused by population growth, Papers

Current Role Accounting Information Systems -Myassignmenthelp.Com

Question: Discuss About The Current Role Accounting Information Systems? Answer: Introduction B bakery is the family owned business organisation that is indulged in producing the bakery items such as cakes, pastries, breads and other items of similar nature. The business is in existence for more than 50 years and has a workforce of around 70 people. It also has a drastic growth in sales due to increased demand of its products in the market. The firm has only one accountant to handle all its accounting related operations. Therefore, it is looking forward to the implementation of accounting information system in the business. AIS is the software program used in managing the accounting and other related functions of the business without any manual intervention. These systems assists the business with its accuracy and efficiency of operations. There are number of accounting software available in the market these days but the bakery organisation has to select an appropriate program for its business on the basis of its needs and size of business. All about baker and bakery business processes A baker is a person who is involved in the business of preparation of bakery items such as cakes, bread, pastries, cookies etc. These items are then sold and distributed in the potential markets such as departmental stores, confectionary shops, restaurants for their ultimate consumption. A baker can also sell his bakery products directly to the ultimate consumers in the case when he is carrying on the business on retail basis. There are a number of activities involved in the bakery business such as requisition of raw material and the other necessary items, production process, selling and distribution activities etc. However, there is no specific set of activities that are undertaken in the bakery business. The activities and processes that forms part of bakery business varies depending upon the size and nature of business. Few processes that could commonly be recognised in every bakery business whether it is conducted on small medium or large scale are explained below: Supply Chain Management: It involves purchasing and storing the raw materials that are necessary to prepare cake and other bakery items. Along with raw material a bakers also requires machines moulds and other types of equipment to run their business. Production Activities: It involves conversion of raw materials i.e. the ingredients into final products such as cookies, cakes etc. using different recipes and techniques of production. Packaging Process: Once the production process is completed the produced goods are required to be packed in the suitable containers and boxes so that proper distribution of bakery items could be made. Branding and labelling: Brand helps the business in providing it the unique identification in the market. The bakery items produced by any bakery organisation needs to be stamped by its own brand in order to be recognised differently from its competitors. Labelling includes putting up necessary information about the products on the packages such as the description of its ingredients, the quality mark, the price of the items, management and expiry date etc. Logistic management process: It is the process which includes the storage and warehousing of produced bakery items and also includes practices to support order management. Selling and distribution process: To sell whatever manufactured and produced is the ultimate motive of bakery business. Hence, it sells out the produced bakery items in various target markets using different channels of distribution. Marketing activities: Marketing is undertaken to create awareness among the potential customers about the new bakery products that the company produces. It is sometimes done with the motive of promoting the existing product in the market so as to gain a competitive edge over competitors. Human resource management process: The human resource management process is undertaken with the objective of recruiting and training the employees for the company and managing their payroll functions. Accounts and finance: Accounting process includes recording of all the significant accounting related data in an organised form to be represented as relevant information. It also includes arrangement and deployment of the funds to run the basic operations of bakery business. Accounting operations include management of accounts payables and receivables, maintaining the fixed assets and calculation of depreciation there upon etc., payment of various expenses such as utility bills and rents bank interests. Research and development: This process is undertaken with the aim of exploring the possibilities of business expansion with new bakery products and the new markets. It also covers defining new product recipes and techniques to prepare bakery products. Administrative process: It includes all the back office functioning which are miscellaneous in nature. Like maintaining the petty cash, conducting meetings etc. The processes that are indispensable to be performed in the bakery business are as followed: Purchase of raw materials and machines: Without ingredients a bakery business cannot start its basic functioning of producing different bakery items. Hence, this process is indispensable for every bakery business. Production of bakery items: Producing the required bakery items is necessary as without producing them the business would not have anything to sell and distribute. Packaging of bakery items: As the produced items are edible in nature, they require proper packaging so as to preserve and protect them and for the effective transportation thereof. Branding and labelling This process enables the business in delivering the appropriate information to its potential customers it is necessary to be performed. Selling and distribution: This is the important process as it involves the sales function for all the output produced by the bakery organisation. The distribution is carried out through various mediums depending upon the suitability of business. Logistic management: When the business produces certain range of outputs there arises a requirement for their storage so as to keep them readily available anytime when demand arises. The manufactured goods are thus stored in the companys warehouses where they are kept safely. This process also helps business in determination of appropriate level of inventory to be maintained by the bakery operations in order to avoid excessive warehousing and other costs of carrying inventories. Human resource management As bakery organisation may involves few or more workforce to handle the bakery operations such as the chefs, deliveryman and the other necessary personnel. This process is important for their recruitment and trainings and to manage their payroll functions (Rosemann Brocke, 2015). All the above mentioned processes are interdependent to each other and hence requires to be operated in harmony (Jeston Nelis, 2014). If failure occurs in the functioning of a single process, the overall performance of the organisation will be hindered. Hence, the business manager must strive to promote coordination among all the key processes of the organisation in order to take the business to the next level of growth and success (Jeong et al., 2013). Outcome required from the above explained processes Outcomes are the ultimate results delivered by the business processes. Every process in the business is carried out for some goals and targets. Following are the desired expected outcomes from the processes of the business: The purchase function is aimed at obtaining the top quality raw materials and other items necessary for the bakery business on time so as to initiate the production process on time. Moreover the purchases must be made in the cost effective manner without excessive deployment of funds of company. Purchase function must enable the business in anticipating the product demand before ordering the raw materials from the suppliers. It will also identify the potential suppliers of ingredients required by the organisation. Production process must be able to produce the required items on the timely basis with the minimum possible cost. The process of production must be undertaken in such way that it avoids the excessive wastage of necessary resources of business. It has a goal of effective and efficient utilisation of companys resources while converting inputs into outputs. The logistic management process must enable the business to determine the correct and economic level of inventories to be maintained by the bakery organisation so as to avoid unnecessary carrying cost of the bakery items and the stock-out positions. Marketing and promotion process must help the business in identifying the target market and to make the business able to reach the potential customers of bakery products. Selling and distribution must bring in the maximum revenue for the bakery business by selling the produced items in the most profitable manner. Accounts handling process must be provide the business with the necessary record maintenance with accuracy so as to fulfil its financial reporting requirements. The finance process must make the deployment of right amount of funds in the right place at the right time so that with the least cost of finance highest returns can be earned (Toth, 2012). Human resource function should bring the competent and skilled personnel to the business so that their efforts can contribute the organisations success. Accounting Software Features Possible features an accounting software must possess to achieve the enterprises I.T. investment: The accounting software must provide the accuracy in whatever functionality it performs. As it processes the accounting data which may be sensitive to the organisation, it must provide the secured enough to carry the information that is critical to organisations success. Moreover, the accounting software must be sufficiently compatible for the devices of the company so that the functions performed by it would not get hampered by the companys use of different devices (Dimitriu Matei, 2014). These software program must be easy to implement, use and maintain for the user so that they do not have to invest so much of time and efforts for to understand and work on these programs. Furthermore, the functions provided by the accounting software must be performed on time by speedier transaction processing in real time so that the relevant and significant actions and decisions could be taken on time (Ghasemi, et al., 2011). Automated invoicing: This feature enables the business with automatic invoice issuance to the customers whenever the payment is due from them. This feature will help in avoiding delayed collection of receivables from the debtors of the company. Payment reminders: This feature works as an alarm by reminding the business managers on regular basis for all the payments due on them either via e-mails or messages so that timely payments could be made without any penalties and interests. Bank reconciliation: This function plays an important role as it enables the business managers to tally the account balances which involved banking transactions with the bank statements on a regular basis. Payroll functions: It is used to calculate the basic wages and salaries to be paid to the employees of the company. It also maintains the records of attendance as well as leaves taken by the employees of the company. Reporting and analysis: This feature helps the businesses in adhering to the financial reporting requirements as prescribed by various regulatory bodies. The accounting software follows the basic rules of accounting while processing the accounting data. This feature also enables the business in making the analysis of all the relevant data so that proper comparison of companys financial results can be made. Tax calculators: It is used to report to various fiscal bodies like income tax department, service tax department etc. about the tax obligations of the firm. With the help of this feature a business manager can comply with all the statutory requirements with accuracy. This features calculates the tax amounts under various statutes in accordance with the amended tax structures. Budgeting and projections: This function is used to make projections about the subsequent periods for the business in order to comply with the terms and conditions of providers of finance. Budget functionality helps to provide the business managers an estimation of cash outflows and inflows a business would make based on the previous trends followed by the business. Depreciation calculator: This feature will assist the business managers in determining the correct amount of depreciation required to be charged to entitys fixed assets to provide for the obsolesce and wearing out of various machines and equipment. Accounting software calculates the depreciation in accordance with the recent most reforms in this context. Payment processing: This feature automatically updates the account balances when the amounts are directly paid or received in the bank accounts by keeping track of all the banking transactions thereby avoiding the risk of misstated account balances. However, there is no inclusive list of accounting features that a software must provide in order to be called as appropriate one. The business managers must analyse its own requirements bearing in mind the business it is dealing in and in accordance with the demands and requirements of the business they must select a suitable accounting software for their business. Category of accounting software that is suitable to the business of B Bakery: Accounting software are the computer programs that aids the business in handling its accounting operations by the innovative and robust features that works on automated basis. In general, there exists three categories of accounting information software (Baxter Thibodeau, 2011). First one is the entry level software which is suitable for low level enterprises, second is small to medium sized software which is suitable for middle sized firms and the third is enterprise accounting software which is suitable for large sized firms (Romney Steinbart, 2012).There are various factors on the basis of which the accounting software are so bifurcated in the three categories (Al-Hiyari, Mashre Mat, 2013). Few of them are: the size of the firm, the number of users, preferred functionalities, and the cost of the software (Ismail King, 2014). As given in the case, business of B Bakery involves around 70 employees and generating a revenue of more than $13.5 million per year hence it can be said t hat its business is small to medium sized and therefore medium level of software will be appropriate selection for B Bakery. Small to Medium level accounting software allows up to 25 users to work on the software system simultaneously. It performs the financial functions as provided by the entry level software and along with that it additionally performs non-financial functionalities such as inventory management, management of purchase and sales functions, human resource management etc. The medium level software are more costly than the low level accounting software but much cheaper than high end Accounting information system (Gelinas, Dull Wheeler, 2011). As the business of B Bakery does not only require financial functions relating to revenue generation, to be performed but also requires other functions like management of payroll, inventory, accounts payables and receivables together with the sales and purchase functions. However, since the size of the firm is not too large it mus t not invest its funds in paying for the unnecessary features as provided by high end accounting software (Salehi, Rostami Mogadam, 2010). Comparison Table of XERO MYOB Comparison of XERO and MYOB accounting software for small to middle sized firm: Features XERO MYOB Better option Invoicing Invoice is sent directly to the customers and provides the features of customisation to the invoice formats. Invoice is sent directly to the customers and provides the features of customisation to the invoice formats. Both performs almost similar functions However, invoice customisation is more flexible in XERO. Reporting It can run multiple reports at a time. Only one report can be processed in one go. Therefore, XERO is better than MYOB. Inventory management It includes functions like basic tracking of inventory and its management thereupon. It only provides basic inventory tracking features. Management of inventory is provided merely in the case of Account Right MYOB. XERO is better as it offers integration with the third parties which makes it more flexible than MYOB and also it is user specific in terms of needs. Foreign currency Multicurrency is supported by XERO on the basis of premium subscription. MYOB does not support multicurrency transactions. XERO is preferable. Technical online support It provides online documentation, user training videos and online community to resolve the queries. It also provides the online training videos, user manual documentation and online community. XERO is preferable than MYOB as XERO has simplified tier structure which makes support more helping and understanding. End of financial year Data Rollover For XERO data is perpetual and hence need not to be closed for every financial year. For MYOB Account Right data requires two separate roll over functions at the end of every financial year. One for accounting and other for payroll (P?curari Nechita, 2013). XERO is preferable as the rollover requirement of Account Right MYOB is quite cumbersome. Employee login It includes a feature called my payroll which allows employees to enter their timesheets, request for leave sanction, view their own play-slips (Walther, 2013). MYOB provides a featured called your pay which also allows them to enter timesheets, can request for the leaves and also can view the pay-slips. But MYOB Account Right provides no employees login. XERO is better. Selection of suitable accounting software: On the basis of above comparison XERO can be selected: As accounting operations does not form part of revenue generating activities of business, these functions can be handed over to such software since they provide the best business solutions with the help of artificial intelligence (Darvasi et al., 2011). The accounting information software requires investment of considerable amount for one time so as to receive its benefits for the long term. Therefore, the business managers must make a detailed study of all the possible software before selecting one (Ivancevich, Ivancevich Elikai, 2010). Accounting software for small to medium sized firms must be able to perform functions relating to the financial transactions such as general ledger functions, management of accounts payables and receivables, payroll functions, maintenance of adequate level of inventory etc. (Christauskas Miseviciene, 2012) (Warren, Reeve Duchac, 2013). B Bakery can consider investment in XERO software as it is suitable for its key business functions. Following are some prime reasons to select XERO: XERO is developed and designed in such a way that the new users would not find it difficult to work on this software. It also provides the best technical supports also to answer the queries of the users of the software (Pulakanam Suraweera, 2010). Hence, the employees of the company does not require heavy trainings before starting to use such software. Thus XERO helps in avoiding the huge training costs for the novices. XERO helps in simplifying the complex information by interpreting it easily. Complex data is difficult to be understood by the users of financial information thus the accounting software removes the complexities of data by processing it appropriately (Soudani, 2012) Inventory of the business could also be managed adequately by using the XERO accounting software. It assists the business in tracking the inventory that is kept in various warehouses of the company (Lim, 2013). So that the business may account for the total stock that is lying in its stores. This function enables the business manager to avoid the overlapping cost of inventory maintenance by controlling the multiple stocking of the inventories. The invoicing process of XERO software is also easy as it provides the facility of invoice layout customisation as per the needs of the business (Seethamraju, 2012). Financial reporting and other business reports can be drawn with an ease as XERO prepares easily understandable reports. The reports are prepared using the raw data provided by the entity (Grabski, Leech Schmidt, 2011). Bank reconciliation feature provided by the XERO accounting software will enable the business managers to match the account balances with the bank statements by identifying the reasons of deviations and making corrections thereon. Conclusion From the above research about the business of B Bakery it can be well concluded that the business is small to medium sized keeping in mind the level of revenue and the number of employees it has hired. Hence, it is difficult for the firm to continue with the manual system of accounting using the services of a single accountant. The firm therefore requires an appropriate accounting information system for its business. However, implementation of such software program involves due consideration of several factors as it is a one-time investment which entails long term benefits. B Bakery must make a detailed study of suitable software available in the market and select the one which is best suited to the business of bakery. References Al-Hiyari, A., AL-Mashre, M.H.H. and Mat, N.K.N., 2013. Factors that affect accounting information system implementation and accounting information quality: A survey in University Utara Malaysia.American Journal of Economics,3(1), pp.27-31. Baxter, R.J. and Thibodeau, J.C., 2011. Does the use of intelligent learning and assessment software enhance the acquisition of financial accounting knowledge?.Issues in Accounting Education,26(4), pp.647-656. Christauskas, C. and Miseviciene, R., 2012. Cloudcomputing based accounting for small to medium sized business.Engineering Economics,23(1), pp.14-21. Darvasi, D., Badescu, A., Dobritoiu, C., Molnar, F. and Slavici, T., 2011. 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Some considerations on cloud accounting.Studies and Scientific Researches: Economic Edition,18, pp.193-198. Pulakanam, V. and Suraweera, T., 2010. Implementing accounting software in small business in New Zealand: an exploratory investigation.Accountancy Business and the Public Interest,9(64), pp.98-124. Romney, M.B. and Steinbart, P.J., 2012.Accounting information systems. Boston: Pearson. Rosemann, M. and vom Brocke, J., 2015. The six core elements of business process management. InHandbook on business process management 1(pp. 105-122). Springer Berlin Heidelberg. Salehi, M., Rostami, V. and Mogadam, A., 2010. Usefulness of accounting information system in emerging economy: Empirical evidence of Iran.International Journal of Economics and Finance,2(2), p.186. Seethamraju, R., 2012. Work Integrated Learning (Wil) Through A Field ProjectA Study Of Design, Delivery Challenges.Work,7, pp.15-2012. Smith, H., 2017.Xero for dummies. John Wiley Sons. Soudani, S.N., 2012. The usefulness of an accounting information system for effective organizational performance.International Journal of Economics and Finance,4(5), p.136. Toth, Z., 2012. The current role of accounting information systems.Theory, Methodology, Practice,8(1), p.91. Walther, S., Sedera, D., Sarker, S. and Eymann, T., 2013. Evaluating Operational Cloud Enterprise System Success: An Organizational Perspective. InECIS(p. 16). Warren, C.S., Reeve, J.M. and Duchac, J., 2013.Financial managerial accounting. Cengage Learning