Security And Controls Director At A Publicly Traded...

IT Leaders have numerous concurrent activities and fluctuating priorities Suzanna is the Security and Controls Director at a publicly traded hospital system. As is typical for an IT leader with this type of role, she’s juggling numerous concurrent information security and compliance objectives. †¢ Next quarter the annual SOX audit begins, although remediation of findings from the prior year’s internal audit report is still in progress. †¢ Results of this quarter’s external network vulnerability scans are in her in-box; a quick peek at the report tells her that numerous risks are flagged as â€Å"critical vulnerabilities†. †¢ The VP of Application Development‘s pet project is an internally developed Lab Information System that goes live next quarter - and his entire team is laser-focused on this objective. Consequently, this department hasn’t completed a thorough privileged access entitlements review since last year. †¢ Today she learns, on one day’s notice, that the College of American Pathologists (CAP) will be on-site for the annual laboratory accreditation audit. She’ll need to provide a copy of each security policy and address any questions raised by the auditor. †¢ Two executive laptops and a USB thumb drive are reported stolen from a rental car in Charlotte. The laptops were password-protected, but the thumb drive was not. How to decide what to work on Monday morning given all the work generating activities? Remediation prioritization is often driven by squeaky wheelShow MoreRelatedInformation Security And Controls Director At A Publicly Traded Hospital System896 Words   |  4 PagesNumerous concurrent activities and fluctuating priorities Suzanna is the Security and Controls Director at a publicly traded hospital system. As is typical for someone in this type of role, she’s juggling numerous concurrent information security and compliance objectives. †¢ Next quarter the annual SOX audit begins, although remediation of findings from the prior year’s internal audit report is still in progress. †¢ Results from this quarter’s external network vulnerability scans are in her in-box;Read MoreThe Sarbanes Oxley ( Sox ) Act1995 Words   |  8 Pagesaccounting irregularities and securities fraud. According to the Student Guide to the Sarbanes-Oxley Act many changes were made to securities law. A new federal agency was created, the entire accounting industry was restructured, Wall Street practices were reformed, corporate governance procedures were changed and stiffer penalties were given for insider trading and obstruction of justice (Prentice Bredeson, 2010). Tenet Healthcare Corporation, one of the largest publicly traded healthcare companies inRead MoreAteneo Law Entrance Exam Reviewer9059 Words   |  37 Pagesbenefit from using the Guidelines to design and implement a compliance and ethics program is that it can help companies avoid investigations and convictions in the first place. In addition to complying with the Sentencing Guidelines, if the company is publicly held, it must comply with the SarbanesOxley Act of 2002. And if the company is a federal government contractor or subcontractor, the Federal Acquisition Regulation (FAR) comes into play. Other compliance requirements apply to other industries. FortunatelyRead MoreCase Study : Humana Inc.3312 Words   |  14 PagesInc. is a for-profit health insurance company. In 1961, it was founded as a nursing home company, but a decade later it turned its focus to hospitals. The current name, Humana Inc., was established in 1974. As business grew at a healthy rate through 1980, Humana owned 90 hospitals in 23 states and two European countries, becoming one of the largest hospital companies in the world (Rowley, 2011, p. 31). Between 1984 and 2006, Humana became a player in the health insurance industry, and has currentlyRead MoreBa 462 6-1011372 Words   |  46 PagesDominant business (p.160) | Which acquisition would be considered the LEAST related?  a. a candy manufacturer purchases a chemical laboratory specializing in food flavoringsb. a chain of garden centers acquires a landscape architecture firmc. a hospital acquires a long-term care nursing homed. an upscale â€Å"white-tablecloth† restaurant chain acquires a travel agency | d. an upscale â€Å"white-tablecloth† restaurant chain acquires a travel agency (p.160) | The lowest level of diversification isRead MoreEssay on Ornge5966 Words   |  24 Pagesaccounting principles and for the design and implementation of internal control to prevent and detect fraud and error. Management has assessed the risk that the consolidated financial statements may be materially misstated as a result of fraud, and has determined such risk to be low. The Board of Directors of Ornge is responsible for ensuring that management fulfills its responsibilities for financial reporting and internal controls. The Board generally meets periodically with management to satisfy itselfRead MoreSources of Company Law48332 Words   |  194 Pagesthough artiï ¬ cial and abstract, can have an existence and perform its functions. Thus companies have their own bye-laws called the memorandum and articles of association, the members in general meeting (i.e., the shareholders) elect directors, and the board of directors sees to or delegates the day-to-day running of the business. In addition, the law has to deal with the risk that the extraordinary privilege of limited liability could so easily be unfair and cause harm to creditors. In the ï ¬ nalRead MoreDomino Pizza 2013 10k83576 Words   |  335 PagesUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x|ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934| For the fiscal year ended December 30, 2012 or |TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934| Commission File Number 001-32242 Domino’?s Pizza, Inc. (Exact name of registrant as specified in its charter) | | | DELAWARE| |38-2511577| Read Moreeconomic15014 Words   |  61 PagesChapter 9 Functional Area and Compliance Systems Quick Look Case 1, Opening Case: International Speedway Gets Lean 9.1 Management Levels and Functional Systems 9.2 Manufacturing, Production, and Transportation Systems 9.3 Sales and Marketing Systems 9.4 Accounting, Finance, and Compliance Systems 9.5 Human Resources Systems, Compliance, and Ethics Key Terms Chapter 9 Link Library Evaluate and Expand Your Learning †¢ IT and Data Management Decisions †¢ Questions for DiscussionRead MoreVirgin Blue Annual Report47891 Words   |  192 Pagespersonal computer before they arrive at the airport. Alternatively, at the airport they can use our convenient Self-Check kiosks and then go straight through to the boarding gate. In-flight entertainment live2air is the first LIVE in-flight entertainment system in Australian aviation history, offering 24 pay-per-view real-time Foxtel and Austar channels, including live news and sports channels. On longer flights we also offer eight recent release pay-per-view movies every month. Sometimes we even get them

The Crucible And The Scarlet Letter - 1322 Words

The Crucible and The Scarlet Letter have several commodities in common. A basic summary of The Crucible is, it’s about a village, Salem, in the 1600’s, wherein witchery is loose and several conflicted souls must be captured, purified, confessed, or hung. The attempt to dispose of all witchcraft was tampered with by citizens of Salem being dishonest and deceitful. Lots of the deception stemmed from the jealousy, vengeance, and other personal vendettas. The Scarlet Letter summarized is that it is about a woman who had an affair, in the 1600’s, and must be condemned for it. While the husband is torturing the man his wife had an affair with. It included lots of death and suffering. With these two texts being summarized, there are lots of†¦show more content†¦Like Chillingworth said, â€Å"My finger, pointed at this man, would have hurled him from his pulpit into a dungeon, -thence, peradventure, to the gallows!†(154). Chillingworth and Elizabeth both wanted revenge on the mistress or lover to their spouses. A wise man once said, â€Å"Men and women who decide to flirt with adultery just once can become enmeshed in misery and unhappiness for themselves and their precious families†(Wirthlin). This quote expounds that adultery can damage lives and families. These affairs were remarkably similar by the means that both marriages grew apart, causing the affair, and both, Elizabeth and Chillingworth, wanted revenge. Both novels included people being used as examples to scare and shame others away from choosing the same course of action. The Scarlet Letter example was very clear, a scarlet letter A was stitched to the chest of Hester s dress to wear at all times. The letter A stood for mistress. It was used to show the other people in the village who she was, what she has done, and what they must avoid doing. They also made her stand up on a raised platform so that all the village could see her and her letter. But eventually all came to accept Hester and began not to look at the letter as a sign for adultery, but for other words, even angels. The letter became a part of Hester and who she was, even Pearl didn’t want her to take the letter off. AlthoughShow MoreRelatedThe Crucible And The Scarlet Letter1130 Words   |  5 Pagespeople in society, there is a certain set of logical unspoken rules that are not written rules. The understanding and following of these rules will allow you to belong in most groups. Unspoken rules are what make a group who they are. The Crucible and The Scarlet Letter both have perfect examples for the relationship between unspoken rules and belonging. Also, these works take place in the 17th century around the same area. This creates almost the same setting for both stories where the unspoken rulesRead MoreThe Scarlet Letter And The Crucible1169 Words   |  5 Pagesof the different ideologies and beliefs of the time period. The Scarlet Letter and The Crucible both take pl ace at a time in our nation’s history that is much studied for its significance. These were times when America was just beginning to become colonized. The Scarlet Letter and The Crucible teach the readers vital information about the time period in which these texts take place. To begin with, The Scarlet Letter and The Crucible relay vital information to the reader about how rule-breakers wereRead MoreThe Scarlet Letter And The Crucible821 Words   |  4 Pagesis one that that is both emitted in the Scarlet Letter and The Crucible. Both literary works share similar ideas, but also have quite a few differences. Nathaniel Hawthorne, the writer, utilizes symbolism for the scarlet letter, to be a symbol of Hester’s shame. The embroidered â€Å"A† on Hester’s bosom symbolizes the sin of adultery which she had committed. Not only was the sign of embarrasment used but also the scaffold had great importance in the Scarlet Letter. The scaffold was used as place of humiliationRead MoreThe Crucible And The Scarlet Letter1337 Words   |  6 PagesThe Crucible and The Scarlet Letter are two literary works that helps to shape themes for generations of inquiry. The books emphasize the themes stated all throughout the deposition of the story. They were also books that spoke about a messages as the social issues were taking place during their time periods known as, ‘The Red Scare’ and ‘Puritan Takeover.’ The two books are especially interesting in the way they display these themes, while going about them differently. The Crucible focuses on theRead MoreThe Crucible And The Scarlet Letter2065 Words   |  9 PagesPuritanism as well. Both Miller and Hawthorne take negative stances against Puritanism. This can be seen in their works The Crucible and The Scarlet Letter. The Scarlet Letter deals with the Puritan intolerance of those who committed a sin. In Hester Prynne’s situation, her adultery with Reverend Dimmesdale seemed to have sparked a particular hatred for her within her community. The Crucible deals with the Puritan fight against witchcraft. Many people in the town are accused of being witches and are forcedRead MoreThe Scarlet Letter And The Crucible1502 Words   |  7 PagesThe Scarle t Letter and The Crucible are two stories both set in the early days of the Massachusetts colony. Both of these stories have many similarities between them, including setting, situations, and conflict. The two stories were also very different. The effects of sin on the characters, how they deal with their sin, and the consequences of their actions are different in each story. The Crucible and The Scarlet Letter are different works and although they deal with similar conflicts the consequencesRead MoreComparing the Crucible and the Scarlet Letter1071 Words   |  5 Pagesbooks. Two selections that go into detail about some of the different aspects of the Puritan people are The Crucible, by Arthur Miller, and The Scarlet Letter, by Nathaniel Hawthorne. These two particular writers who wrote of Puritan times conveyed, in their text, the similarities of religion, punishment, and adultery in the Puritan community of 17th century. br brBriefly, The Crucible looks at some the actual hist orical events of the Salem witch trials. It was witchcraft that the story was setRead MoreThe Scarlet Letter and the Crucible Comparison948 Words   |  4 PagesSkyler Vincent English 2333 Amanda Cuellar April 04, 2012 In The Crucible and The Scarlet Letter, they are both known to be a part of the Puritan religion. The puritans are known to be very strict. Often people are put to cruel punishments for mistakes or sins they had committed. The actions they take to â€Å"punish† a person are extreme. The Puritans act and seem so committed to their religion. The people seem â€Å"Holy† but you never really know what happens behind closed doors. The Puritan religionRead MoreScarlet Letter And The Crucible Comparison732 Words   |  3 PagesThe Comparison of The Scarlet Letter and The Crucible Both in the novel The Scarlet Letter, written by Nathaniel Hawthorne, and the play The Crucible, written by Arthur Miller, women play an important role in the story. Whether it’s for the good of the town or for the worse is the main difference in the stories. Both take a different view on women, and make them the main driving feature of the story, leading to be an interesting comparison when put side by side. In The Crucible, the women of the storyRead MoreThe Scarlet Letter vs. the Crucible Essay703 Words   |  3 PagesThe edgy tale of The Scarlet Letter by Nathaniel Hawthorne is comparable in many ways to Arthur Miller’s haunting play The Crucible. Both are set in Puritan New England in the 17th century and revolve around the harsh law enforcement of the time. However, The Scarlet Letter tells the story of a woman as she deals with her heavy Puritan punishment, whereas The Crucible follows hysteria as it spreads throughout an entire town. Hester Prynne, the main character of The Scarlet Letter, was found guilty for

Correlation of Nation and Identity with Forensic Science Free Essays

The current popularity of detective, crime and mystery television shows in the United States is incontrovertible. In the last few years, crime shows like Law and Order, CSI: Crime Scene Investigation, CSI: Miami, CSI: New York, Without a Trace, Law and Order: SVU, Law and Order: Criminal Intent and Cold Case from producers Dick Wolf and Jerry Bruckheimer have consistently been ranked among the top television shows in the United States. Along with this, it is important to note that most of the aforementioned shows are already in syndication. We will write a custom essay sample on Correlation of Nation and Identity with Forensic Science or any similar topic only for you Order Now Consider for example the manner in which such shows feature the same themes depicted in various variations as is evident in other television shows such as Criminal Minds, Bones, House, and Medium. While some of the deluge of detective and crime shows may be attributed to the cable channels’ need to fill voluminous airtime, it certainly seems that the production of so many new and spin-off dramas indicates a current preoccupation with the mechanics of crime and punishment. In lieu of this, this paper opts to discuss the manner in which crime shows depict the correlation of nationhood and identity with forensic science in the United States. I will argue that the aforementioned shows [mystery television shows] portray the connection between policing and the security of the nation. The bases for such an argument are as follows. First, mystery crime television shows counter the anxiety that individuals can defy the normative categories of justice as well as escape justice and thereby harm the fabric of society through the demonstration of ways that traces can implicate and thereby indict an individual allowing the assumed necessary entailment of punishment from the commitment of crime. Second, the depiction of the assumed causal correlation of crime and punishment in such mystery crime television shows enables the creation of a clear moral world wherein morality can be effectively deployed through police procedural formula. Third, the portrayal of such [effectiveness of police procedural formula in the determination of the identity of the criminal] enables the affirmation of the stability of national identity. Such an affirmation is enabled through the formation of a correlation between police procedural measures [defense methods] as expressions of a policing of society and hence a securing of identities. It is important to note that the aforementioned assumptions are based upon the implicit assumption that the depiction of policing methods through the aforementioned shows categorized within the mystery crime genre enables the detached acquisition of policing functions upon the spectator [in this sense the American audience]. If such is the case, such shows thereby enable the formation of an assurance of the implementation of normative accounts of justice through the depiction of the successful methods in which policing procedures enable the aforementioned correlation of crime and punishment. It is important to note, however, that such an assurance is enabled without the direct participation of the spectator thereby enabling the spectator to be placed within a position wherein he is not placed in direct danger. The consequence of such, however, lies in the spectator’s ready acquisition of the depicted national identity within the aforementioned shows. It is important to note that in order for such shows to succeed it must build upon a conception of a community defined by function. Such a definition assumes that a community â€Å"is made to come into existence around certain acts, certain types of individuals, certain crimes†. The depiction of such however, must â€Å"claim to account for the public interest of the community†. Within such shows, the interest lies in depicting the manner in which moral and practical responsibility can be attained without the direct involvement of the individual. It is interesting to note that this is in direct contradiction to the trend in the past crime shows [Crimebeat and Crimesquad] wherein the individual is presented with an opportunity to have direct involvement in the surveillance of the implementation of justice within their community. This, however, can best be understood within the context of the post-September 11 incident within the United States. In the post-September 11 United States, interest in these crime shows links the effective policing of individual crimes with larger concerns about national security. Wolf’s Law and Order franchise and Bruckheimer’s CSI franchise have built their popularity by producing shows that closely resemble the first show in the series, using distinctive characters and different methods or locales to give each of the shows an individual identity. Like popular detective fiction, these shows replay and revise plots about violence and sexuality in a familiar trajectory that generally offers a reassuring final return to order. In his study of the aesthetics and appeal of formulaic narrative, Adventure, Mystery, and Romance: Formula Stories as Art and Popular Culture, John G. Cawelti defines the genre [mystery genre] as characterized with â€Å"the investigation and discovery of hidden secrets†¦the discovery usually leading to some benefit for the character(s) with whom the reader identifies†. In addition to this Cawelti further notes that within the aforementioned genre [mystery genre] there is â€Å"always a desirable and rational solution†¦this is the moral fantasy expressed in this formulaic archetype†. CSI and Law and Order are less related to the crime or thriller genres than they are to the classic police procedurals that follow the mystery formula, using clues to expose secrets and solve the crime with a ‘rational solution’. This process of investigation and exposure generally results in a conservative conclusion that reaffirms the efficacy of the detective procedure and the stability of society. Even in those rare cases where the police fail to apprehend the criminal or the courts fail to convict, the shows affirm that law enforcement knows the true perpetrator and they still reinforce the general efficacy of the larger system. Doubtless, the popularity of Law and Order and its spin-offs, as well as the variety of true crime forensic science shows, has influenced the production of CSI. More so than Law and Order, the CSI’s foreground forensic science and link it to detection. CSI features a familial network of colleagues occasionally studded with sexual tension and headed by a tough-yet-sensitive older male character who often functions in a paternal role. The vaguely familial structure allows a soap-opera type of social dynamic to unfold alongside the dominant detective narratives, a formula that shows more investment in character than the original Law and Order storylines, but still places detective method above characterization. In order to make the show compelling and fit into the detective genre, the typically specialized and limited role of the forensic scientist in collecting or testing certain kinds of evidence is expanded to the point that the accompanying police detectives need only to make the arrests [much of the questioning, deduction, confrontation falls to the forensic scientist]. In this, the CSI team resembles Sherlock Holmes, who did his own forensic evidence analysis as a natural extension of his role as detective, famously trying to precipitate a reagent for hemoglobin, taking specimens of ash, or watching for family resemblances in an earlobe in order to crack a case. The CSI shows taken together seem to be mapping the United States by profiling a series of cities seen as distinctive urban centers: Las Vegas, Miami, New York. These cities are tourist destinations, known for wealth and metropolitan attractions including luxurious and fashionable clubs, nightlife, gambling and sex markets. In addition to the decadence associated with such centers, each is a cultural crossroads, and the shows feature characters that represent the racial and ethnic diversity of these cities. Interestingly, the body count in the CSI shows, however, is mostly white and middle class, establishing a familiar norm for the middle-American victims of crime that might reflect the popular viewing audience that seeks out the show. In her examination of the visual rhetoric of CSI, Gever notes that CSI differs from earlier police shows in that it depicts the mobilization of a historically and culturally specific kind of subject. Only CSI: New York explicitly invokes the September 11 attack on the World Trade Center [wherein the lead detective’s wife was depicted as one of those who died in the attack], but all three shows work in the context of the immediate political threat represented by individual crimes as assaults on the body politic. In other words, the shows depicted the social consequences of individual crime. In the face of the threat represented by crime, even a diverse society can be united in outrage against criminals. The CSI shows often depict excessively violent crime as the failure of the individual to moderate his or herself, a lack of self-policing and of effectively internalizing American values; even in a hedonistic city, it is possible to overstep the bounds of civilization. This reassuring emphasis on morality is cast in terms of combat. The investigators represent the effective deployment of the ideology of law and order, as the shows dramatize the war on crime as a noble battle with many casualties. Forensic science, on the other hand shows the notion that human beings leave traces of themselves wherever they go, inviting us to believe that the criminals will inevitably be caught by the idealized scientists who wield innovative procedures. This ideology, that science will inevitably catch our criminals and return society to a state of precarious security, if not innocence, certainly seems to recall a religious faith that crime will not go unpunished, that good will prevail over evil. In a sense, these shows portray the manner in which lawlessness is effectively managed. Science, on the other hand is depicted as establishing the truth of identity through the body and its traces, replacing the fearsome image of the violated corpse with the firm reestablishment of the rule of science and law. As was stated in the beginning of the paper, these shows [specifically CSI shows] thereby depict the manner in which nationhood is consolidated through the use of law and science in the establishment of truth. The importance of the use of both disciplines [law and science] in ensuring the restoration of security within a nation is evident if one considers the universal foundations of both disciplines: justice and truth. Given these aforementioned foundations, it is thereby possible to portray a nation whose stability [and hence national identity] is ensured due to the universality of its main foundations that being justice and truth. Bibliography Cawelti, J, Adventure, Mystery, and Romance: Formula Stories as Art and Popular Culture, University of Chicago Press, Chicago, 1976. CSI: Crime Scene Investigation (2004) ‘Ch-Ch-Changes’, CBS Network, 18 November. CSI: Crime Scene Investigation (2005) ‘Who Shot Sherlock? ’ CBS Network, 5 January. Doyle, A, â€Å"The Cardboard Box†, The New Annotated Sherlock Holmes, Vol. 2, Barnes and Noble, New York, 2003. Gever, M, â€Å"The Spectacle of Crime, Digitized: CSI: Crime Scene Investigation and Social Anatomy†, European Journal of Cultural Studies 8. 4, 2005, p. 445-63 Harrington, W, â€Å"Nation, Identity, and the Fascination of Forensic Science in Sherlock Holmes and CSI†, International Journal of Cultural Studies 10. 3, 2007, p. 365-82. Palmer, G, Disorder and Liberty, Manchester University Press, Manchester, 2003. Weldes, J, Cultures of Insecurity: States, Communities, and the Production of Danger, University of Minnesota Press, Minnesota, 1999. How to cite Correlation of Nation and Identity with Forensic Science, Papers

The Evolution of Accounting Software

Question: Discuss about the Evolution of Accounting Software. Answer: Introduction: This assignment will thoroughly review the use of accounting software. The focus of research will be the Australian market to examine competition, identification of market leaders and their comparison. Assignment will also shed light on the challenges faced by customers using accounting software and possible suggestions to cater them. History of Accounting Software: More as every year passes, we rely on upon technology for practically everything in our day by day lives. It run our ventures, provide source of amusement, empower worldwide correspondences, and that time is not far when theyll be driving our cars too. Accounting software and its advancement is also connected to ever progressing technology. In accounting software the next revolution may be soon arrive upon us. If a firm is lacking behind in use of technology and not ready to exterminate out dated proprietary software package, client server you might stand in line of firms in early 80s who never wanted to adopt evolving technologies and use of computers. In spite of the fact that the present day advanced PC grew bit by bit over decades, the first run through was made in 1955 when a cutting edge PC was sold to a private business and utilized for accounting and book-keeping purpose. The study of the recent and ancient human past through material remains or commonly refers to archaeology gave out confirmation of what we'd call archives of accounting records of products exchanged was found in Iraq and somewhat goes back around 7,000 years. There are solid signs that the rise of crucial ideas in cash, science, and composing (even, eventually, letters in order) were driven by the requirement for bookkeeping administrations (Doebeli, 2010). As time passed, PC limit developed to empower the utilization of larger amount improvement devices. These permitted individuals to characterize and encode business rules without expecting to comprehend everything down to the fundamental wiring of the machine. Genuine scripting languages and programming structures took after. Today, accounting programming handles most of the stray bits of taking after the advancement and jobs of money in every practical sense everyone on the planet. Pushes in gear and the rising of flexible advancement mean we not any more stretched out must be secured to monstrous and expensive boxes remembering the ultimate objective to get their favorable circumstances. Progressed UIs are neighborly and open at first, deserting us more open door for the human segments of our business. And all from such humble beginnings! In the mid-1980s, an innovative and youthful organization known as Teleware Inc created imaginative and eye-discovering accounting package which got the attention of Best Software Inc., who moved immensely and boldly to buy Teleware in 1993. A couple of memorable years after the fact, the Australian distributor of the item purchased out the organization, and in 1999 changed the name to did you figure yet? MYOB Limited (Henning, 2012) Today, bookkeeping programming handles the greater part of the stray pieces of following the development and employments of cash for all intents and purposes everybody on the planet. Propels in equipment and the ascent of versatile innovation mean we no more extended must be secured to massive and costly boxes keeping in mind the end goal to pick up their advantages. Advanced UIs are neighborly and open initially, abandoning us more opportunity for the human components of our business. And all from such humble beginnings! (Ryan, 2012) Accounting software and Australian Marketplace According to an article by A. Hoecherl,Senior Consultant, the distribution has greatly changed over the decade. And vary from country to country. In Australia, Xero has about 65% of market share. Where Sage 50 at 10 and Intuit at 20%. While another article indicates Intuit, MYOB, and Xero as giant players in Australian market. The organizations go after strength in an enormous market: each business needs to monitor its records and these organizations make that basic. They evacuate the requirement for clerks and permit organizations to settle on invoicing and capital administration choices on the gone through portable and desktop applications. In Australia, thats MYOB have been racing to build out their own offerings, maintain market share andraise between $AU831.7 and $AU833.8 million based on an indicative price range of $3$4 a share in its IPO (HEBER, 2015). Examining the increasing need of accounting software, Intuit, Xero and MYOB will focus on reducing their churn rates and aim to improve customer acquisition and retention rates as they jostle for the overall leadership title. Accounting software widely used in Australia and their comparison As mentioned above, Intuit, Xero and MYOB are being used extensively in Australia. Here is the comparison of features each one of them has to offer: Features Myob Intuit Xero Works online Yes Yes Yes Calculate and Track GST Yes Yes Yes Manage invoices, statements and quotes Yes Yes Yes Sell services or items or both Yes Yes Yes Pay and track expenses Yes Yes Yes Manage Suppliers and Customers Yes Yes Yes Super stream Compliance Yes No No Payroll Yes Yes Yes Inventory Yes Yes Yes We can see by reviewing their features that every company is on the same page when it comes to implementation of advancement and customer needs. All software listed above have all features to offer yet it the technology and internal control that differentiate and stand out one (Carey, 2015). Challenges: Cost Some commonly used accounting packages are quite affordable, but cost is not the only issue. To run and use accounting software computers of certain configuration should be used in regards to processor speed, hard drive memory and RAM. More storage is required to create backup of accounting data as compared to Microsoft Excel spreadsheet, which can be copied more conveniently to flash drive (Morris, 2016). Time In accounting software, the processing invoices and expenses usually consume more time in comparison to recording them on spreadsheet or ledger pad and create spreadsheet invoices or hand-written invoices. If you are using computer of low configuration and not so advanced version to perform your daily tasks, the time needed to carry out basic financial data may over shadow any advantage picked up from the software. Sustainability and Maintenance To keep accounting software up and running not just requires performing frequent up-gradation of the accounting package, additionally managing and updating all the essential hardware to use the accounting software package as new forms can require redesigned and latest versions. Talking about devices for this purpose we generally refer to your Laptop or computer, screen, printer, Internet association and modem, reinforcement drive and working framework (Songtao Mo, 2005). Why an organization put their money into accounting software Data centralization and organization Make analysis of your business easier Helps you to comply with tax law and regulations Minimizes chances of error and ensure data accuracy. Automated reports, payroll processing, invoicing and other finance related functions. Good accounting software automatically tracks inventory (Sara Angeles, 2016) Suggestions: While making choice for accounting software you need to have following thoughts clear in mind: Your business is expanding You want to channelize your operations Your current practices are out-dated and complicated You are compelled to comply with certain set of laws What are the basic functionalities you should consider in an accounting software package? Easy automation Such as recurring payments, billing and past due notifications along with some other automated procedures Integration They can be easily integrated with your current processes to make its utilization to the fullest. Creation of Quote and Estimation it should contain pre-defined templates to create estimates and quotes for client and further convert them into invoices automatically. It should include multiple tax rates, tax reporting, and automatic tax calculations. Also ability to instantly make correspondence relating to all necessary data and files to your accountant. Payroll processing Can enter timesheets, pay calculation and print cheques. Conclusion: The assignment is best of knowledge compiled for the purpose of examining the way accounting software progressed through the years. The Australian marketplace was studied to evaluate the market leader and MYOB stands out as per the study conducted. We also shed light on challenges an organization may come across and suggestions to adopt perfect fit of accounting software for your organizational needs. The accounting software has gained popularity in Australian market as prices have decrease due to huge competition. The companies have made the simplest versions which are easy to use even for those who are less familiar with accounting basis. The industry is still evolving and will continue to innovate with usage of technology on the rise in human life. Such software have a couple of other advantages too in making the financial side of the company a bit stronger. In order to maintain your credibility in the market, sometimes we have to initiate such plans which help us making our lives easier and especially in a country like Australia where market values are very high. This is why there is a need of such accounting software or IT package which can handle your accounting or finances queries. References Carey, M., 2015. Cloud Accounting Overview 2015: MYOB Essentials vs Xero vs Intuit QuickBooks Online vs Reckon One. [Online] Available at: https://www.digitalfirst.com/2015-overview-cloud-accounting-software/[Accessed 13 December 2016]. Doebeli, M., 2010. Inclusive fitness is just bookkeeping. Nature, 467( 7316), pp. 661-700. HEBER, A., 2015. The cloud accounting supremacy war in Australia. [Online] Available at: https://www.businessinsider.com.au/charts-the-battle-for-supremacy-in-australias-cloud-accounting-market-2015-4[Accessed 14 December 2016]. Henning, J. J., 2012. Partnerships Limited partnerships and limited liability limited partnerships. Amicus Curiae, 2000(31). Morris, K., 2016. Challenges of Using Accounting Software. [Online] Available at: https://smallbusiness.chron.com/disadvantages-using-accounting-software-3823.html[Accessed 13 December 2016]. Ryan, E., 2012. [Online] Available at: https://www.gaaaccounting.com/the-evolution-of-accounting-software-past-present-and-future/[Accessed 13 December 2016]. Sara Angeles, 2016. Choosing the right Business Aaccounting Software. [Online] Available at: https://www.businessnewsdaily.com/7542-choosing-accounting-software.html [Accessed 13 December 2016]. Songtao Mo, 2005. Accounting: How to Meet the Challenges of Relevance and Regulation (Revised). Research in Accounting Regulation, Volume 18, pp. 359-361.