You are the principal of Smart and Company, Chartered Accountants based in Sydney, Australia. One of your clients, Good Grocery Pty Limited has asked for your advice on the new computerised accounting information. The grocery retailer makes approximately 1,250 sales per day per store and has 30 stores.

Required:

1. You are required to advise the Board on the appropriate software for management, accounting, and financial reporting. [5 marks]

2. Would you give the same advice to a grocery retailer with a single sore making 25 sales per day? If not, then why not? [5 marks]

NOTE: In your response should include the aspects of system application, training, economy, efficiency, effectiveness, privacy, cybersecurity, and cybercrime.