Software Packages

Question 1 (20 marks)

Prepare a report comparing two accounting software packages

1. Xero

2. SAP

Required:

1. Provide an overview of each of the accounting software – ‘Xero’ and ‘SAP’ (4 marks)
2. Identify key features of each and Use screen shots (or demos) to discuss these features. (6 marks)
3. Discuss the system requirements for both, users training and requirements, ICT support, implementation timeframe, maintenance and costing requirements (6 marks)
4. Compare the advantages and disadvantages of using each of the accounting software

(4 marks)

Question 2 (10 marks)

William Pitt is preparing the income tax return of a client who has earned more income than expected. On 2 July, the client pays for advertising and asks William to backdate the expense to the preceding financial year, which ends on 30 June. Backdating the deduction would lower the client’s immediate tax payments. After all, there is a difference of only two days between 2 July and 30 June. This client is important to William. What should he do?

Required

Use the stakeholder analysis framework described in Chapter 1, to analyse if there is an ethical dilemma for William Pitt with reference to accounting standards, disclosure and any laws applicable.