Background After finishing your Bachelor of Professional Accounting, you started your accounting consultancy in Brisbane, Queensland, Australia. You got a high distinction in the HA2042 Accounting Information System and preferred to analyse the business processes, risks and internal controls. The CEO of your client is delighted with your services. In particular, your client company is currently evaluating its accounting system. The Chief Financial Officer (CFO) of your client company thinks that they need to invest in cloud-based accounting software to support the growth of the business. Company Selection and Requirements: You must prepare a report to evaluate and recommend a cloud-based accounting software for an Australian ASX-listed company of your choice (your client).1 Note: While selecting your client company, please try to choose the company that best suits the assumptions mentioned above. The report should include the following components: 1. Background Describe your client and its business activities. Briefly describe the basic business activities involved in the revenue and expenditure cycles of the selected company. And identify the weak internal controls in these business activities. Further, identify the risks associated with these weak controls. 2. Systems requirements Outline the software features and functionalities that your client should consider to support its business activities. 3. Software selection Visit the websites of at least two (2) accounting software package vendors (e.g. SAP, MYOB, Xero, etc.) and provide a brief description of each vendor and its products. Compare and contrast the features/functionalities of two cloud-based accounting software packages offered by accounting software package vendors. Identify the most suitable vendor and accounting software package for your client and explain why it is the best option. Assignment Structure The report should include the following components. 1 Alternatively, you can select any company listed on the stock exchange of your home country. HA2042 T3 2021 - Assessment 2: Individual Assignment Page 3 of 9 Holmes Institute Assignment Cover Sheet Executive Summary The executive summary should be concise and not involve too much detail. It should make commentary on the main points only and follow the sequence of the report. Write the Executive Summary after the report is completed, and once you have an overview of the whole text. Contents Page This needs to show a logical listing of all the sub-headings of the report. Note this is excluded from the total word count. 1. Introduction Typically, the introduction is a short paragraph that includes background, scope and the main points raised in the order of importance. There should be a brief conclusion statement at the end of the introduction. 2. Main Body Paragraphs with Numbered Sub-headings This section contains detailed information which elaborates on the main points raised in the introduction. Each paragraph should begin with an exact topic sentence, then supporting sentences with facts and evidence obtained from research and finish with a concluding sentence. The body of the report should contain sections to answer the above issues and with appropriate section headings 3. Conclusion This section contains a logical and coherent evaluation based on a thorough and objective assessment of the research performed. 4. References Include a minimum of ten (10) references, at least five (5) from peer-reviewed journals relevant to the unit. 5. Appendices This section includes any additional explanatory information which is supplementary or graphical to help communicate the main ideas made in the report. Refer to the appendices in the main body paragraphs as and where appropriate. (Note this is excluded from the total word count.)