Reference no: EM132638107

Question - You are required to prepare a report to evaluate and recommend a cloud-based accounting software for a Virgin Australia Airlines. The report should include the following components:

1. Background

Describe your client (Virgin Australia) and its business activities.

Briefly describe the basic business activities of Virgin Australia Airlines involved in the revenue and expenditure cycles of the Virgin Australia Airlines

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(Virgin Australia Airlines) 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 (virgin Australia Airlines) and explain why it is the best option.