...issue is something for discussion or of general concern difficulty; an issue is the preparation for a problem. An issue is something that needs to attention; but is not detrimental. A problem is a difficult situation that can become detrimental to a company. The Kudler Company is dealing with issues that could eventually become detrimental problems that could hinder the company if not addressed before substantial growth. Kudler foods face many issues that can eventually become problems, if not corrected. The goal of Kudler foods is to be a one stop shop with a reasonable price. The mission statement says that they shop the whole world for their products. The finest is what they guarantee their customers. One if the issues are in the process of purchasing “There is no purchasing department in any of the stores although standard purchasing procedures are in place” (Kudler Foods). The lack of a purchasing department within each store leaves room for theft by store managers and over ordering because of favors to venders. Unfortunately, if Kudler is leaving all of the purchasing to the managers except for bulk items, they are jeopardizing the integrity of the products and the company leaving it open for corruption. The solution would be to produce a purchasing department that would make purchases and verify the orders of the management and providing purchase orders to vendors. A new study suggests that nearly any worker may be willing to steal from an employer under some circumstances--unless...
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...Kudler Fine Foods Brief Laura Sferra ACC/542 January 26, 2015 Christy Countryman Our client, Kudler Fine Foods is interested in integrating technology into its business operations. They have requested our services to provide them with a business brief detailing how computer systems might be more effectively integrated to meet their business needs and improve their accounting operations. The following business brief will identify Kudler’s key business and accounting information needs, analyze the strengths and weaknesses of Kudler’s current computer system and technology use. We will explain what opportunities Kudler has in terms of technology and provide suggestions for improving Kudler’s ability to maximize these opportunities. We will evaluate the threats that Kudler may encounter given their current system and will explore some solutions for those threats. Kudler’s business plan is to expand services and programs that will increase loyalty and profitability of existing customers and to gain new high-margin customers. Information technology will be needed to support their strategic sales objectives. The objectives of the sales plan are to design programs that will increase revenue and decrease costs. These programs include the New Customer Focused Programs, Frequent Shopper Program, Targeted Awareness Building and Cost Cutting Initiatives. Other Improvements are needed to support operating...
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...Kudler Fine Foods Automation Process of Accounting Information System ACC/542 Accounting Information Systems March 27, 2012 Kudler Fine Foods Accounting Information Systems Kudler Fine Foods (Kudler) is an upscale specialty food store chain in the San Diego, CA area. It was established in 1998 by its current owner Kathy Kudler, and since has expanded to three locations, all focused on providing the best quality bakery products, fresh produce and meats, condiments, packaged foods, cheese, specialty dairy products and fine wine (Apollo Group, Inc., 2011). Kudler currently uses a retail management system that includes a point of sale (POS) module for cash sales, QuickBooks software for payroll functions, Microsoft Access as a customer database, an Excel spreadsheet as an inventory tracker, and several other specific-area modules required to operate the system. Although the current software addresses most of Kudler's accounting information system (ACI) needs, team A recommends installing a new system that would centralize major accounting functions and automate some processes the company currently performs manually (Apollo Group, Inc., 2011). When choosing new accounting software, most companies have several options. These include custom solutions, Enterprise Resource Planning (ERP) software, and industry specific AIS. Team A recommends Kudler purchases an industry specific solution for several reasons. There are numerous businesses, for...
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...Accounting Systems Jeremy Void BSA 310 August 27,2012 Ivon Young Accounting Systems These days it is especially important to pay attention to details when it comes to deciding if your accounting system is providing the kind of information that may be required of you to produce. I think legal requirements and government regulations are becoming more demanding as to what they expect to see if someone such as the I.R.S. were to show up and ask for an audit. I would like to talk a little about a few of the key features, core technology, benefits, and costs of installing and maintaining an efficient accounting system and some of the benefits it would be to your company, especially in areas where details are crucial. Like the existing accounting system that you have all probably gotten used to here at Kudler, a new accounting system would be set up the same way; by modules. Each module would be more comprehensive and attentive to details that have been apparently overlooked by the present system. In the way of features, I could say that it is the most important overall feature a new system could offer this company. New technology has provided for faster, more detailed and organized data auditing and reporting. This is essential in today’s business world to keep accurate, itemized data entries in order to satisfy government business regulations such as standards set by the I.R.S. Detailed information is especially critical for a company like Kudler, whose business transactions...
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...will identify Kudler’s key business and accounting information needs and analyze the strengths and weaknesses of Kudler’s current computer system and technology use, including hardware and software. It will also explain what opportunities Kudler has in terms of technology and provide suggestions for improving Kudler’s ability to maximize these opportunities and evaluate the threats that Kudler may encounter given their current systems and offer your suggestions, in terms of using technology. Computer Information System Brief When it comes to the Kudler account after months of review the company needs an accounting information overhaul because their way of doing business is outdated. Thare are some strengths and weaknesses associated with this old way of doing business. However the company needs to be updated to compete with its major competitor Whole Foods who is becoming the corporate giant in the health food industry. The company needs an updated inventory accounting system and a system that incorporates this information so it can be interpreted. This brief will explain how Howard & Co. will facilitate this transition. Strengths and weakness We feel that your strengths are in the realm of customer service even though Kudler fine foods have more than one location it still has the feel of a family business, which is good, and we advise you to keep this feel. However when it comes to your current accounting system some weakness were found because the...
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...Kudler Fine Foods is a growing business in an evolving world. Modern technology advancements in accounting information systems will aid Kudler in the company’s growth and will eventually reduce accounting costs and the time it takes to complete accounting processes. We recommend that Kudler switch from paper accounting to an automated system, such as POS system to enhance the payroll, accounts payable, accounts receivable, and inventory processes. Accounting Information Systems Kudler Fine Foods is a company that was started with an idea and has now expanded their chain into three additional stores within a couple of years. They are in need of software suitable for the specific needs of the organization. Analyze the nature of the software that Kudler would benefit most from is very important. A collective discussion will be on the accounting information system (AIS) in regards to the internal controls of Kudler’s Fine Foods and what the company will need in order to run reports and statements. Rational and Analysis of Recommendation If a company takes the time to develop their accounting system it will provide the organization with a long term benefit. It allows a company to meet their financial obligations with accurate reporting. Kudler Fine Foods benefit best if they developing a customized system. Although the development of a customize system could become significantly costly and very time consuming with implementation the advantage is that the system is designed to...
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...Kudler Fine Foods AIS Rachel Andrews, Helen Madrid, Katrina Smith, Jason Wilhelm ACC 542 Brad Thompson March 4, 2013 Kudler Fine Foods AIS Introduction In this paper we will explain our recommendation of a solution design for the industry specific software. We will go into detail on how to improve the tracking of the inventory to help reduce spoilage and better rotation of products. This will also review and bring together the accounts payable and receivable systems as well as payroll to the inventory system. The suggested system will bring together the inventory into the accounts payable and receivable processes currently in use. We will also explain the need to recreate Kudler’s inventory database because at this current time the system does not inform the company the quantity and the cost for each item that they have in their inventory. Decision and Rationale Kudler Fine Foods needs to update their current out of date accounting system. The current accounting system has four modules, including General Ledger Module, Accounts Payable Module, Accounts Receivable Module, POS Module, and Bank Reconciliation Module. Kudler currently uses an ERP known as Retail Enterprise Management System (REMS). The ideal situation would be to use this current system to its fullest capacity by purchasing additional software for necessary advancements. The REMS system has several modules currently not fully used by Kudler. Each module should interact with each other making the...
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...Kudler Fine Foods Accounting System Kudler Fine Foods is considering hiring a consulting firm to assist in the implementation and execution of a new accounting system. Although Kudler Fine Foods has been able to satisfy the organizations needs with the old accounting system, upper management has decided they have the budget to implement a new accounting system. The budget for the new accounting system is $50,000 (Apollo Group, Inc, 2011). Moreover, the key features of the system will stay the same but some of these features will be upgraded. In addition, upgrading the accounting system will include new core technology, added benefits, and prove to be more cost effective in the long term. Key Features The key features and systems that will be included with the accounting system upgrade are Enterprise Resource Management, auditing software, budgeting software, Customer Relationship Management, Knowledge Management, Forecasting and Replenishing, and finance and account software. These key features will ensure the finance and accounting department can successfully track all expenditures and revenue. Furthermore, the new system will allow the department to make adjustments as needed to ensure the organization thrives and can effectively provide the best quality product for their customers while providing for their employees. Core Technology The implementation of the latest technology is important to stay competitive; Enterprise Resource Planning...
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...Kudler Fine Foods - Accounting System BSA/310 September 3, 2012 Dr. Marcia Reid Kudler Fine Foods - Accounting System The purpose of this paper is to describe the value of a new accounting system for Kudler Fine Foods. The author will cover the key features, core technology, benefits, and cost of the proposed system. In businesses today, it is imperative that the accounting system be tied into every aspect of a business and integrated within all of the information systems in use. Therefore, before any system is updated or changed, the accounting system must be considered and analyzed for compatibility and integration. Kudler Fine Foods hired a consulting firm to “assist in the selection and installation of a comprehensive Retail Enterprise Management System (REMS)”, according to the Kudler Fine Foods intranet. REMS is a modular system which contains a General Ledger, Accounts Payable, Point of Sale, Bank Reconciliation, and Asset Management and Accounting modules. To save money, the Asset Management and Accounting module was not purchased since the stores are all on long term leases and the remaining assets can be “controlled and amortized” by using spreadsheets. The General Ledger is the main module of the software and keeps track of all accounts, transaction details from accounts payable and receivable, payroll and all other departments of Kudler Fine Foods. The General Ledger also keeps track of Non-Financial accounts such as “department sales and inventory;...
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...Kudler Fine Foods Information System Kudler Fine Foods Company is an upscale fine food store located in San Diego metropolitan area. With three different locations in Del Mar, La Jolla, and Encinitas in which Kudler Fine Foods has properly capitalized and managed their computer system for business. Kudler Fine Foods management would like to effectively integrate technology into their everyday business transactions. Kudler Fine Foods have asked that my accounting firm to analyze their systems and present them with a brief detail. In order to accurately assess and recommend an efficient computer system the team will have to evaluate and make recommendations based on the following; Kudler’s key business and accounting information needs, Kudler’s current inventory system, identify strength and weakness with potential technology threats, and suggestions for improving their systems. Business and Accounting Information Needs Kudler has the following key accounting information system needs in order to maintain and efficiently run a virtual business: Customer and sales management, inventory management, revenue management along with bank reconciliations, cash, employees, and payroll, reports and inquiries, and security. Kudler’s computer systems integration will expand the communication among all their retail stores by linking all the point-of-sales terminals, modifying just in time process of inventory control, and cooperating with...
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...Computer Information System Brief University of Phoenix Accounting Information Systems ACC 542 Jan 28, 2012 Computer Information System Brief Kudler Fine Foods a premier gourmet grocery store is considering the best methods to integrate technology into its business operations. Kudler currently has three store locations in southern California and is considering adding a fourth store in Carlsbad (Kudler Fine Foods Virtual Organization, 2011). Currently the organization uses Microsoft Retail Enterprise Management System (REMS), Quick Books, and Microsoft Excel for their software needs and has a system of microcomputers and server at each store. This brief will discuss an analysis of the company’s business and accounting information needs, the strengths, weaknesses, opportunities, and threats of the current computer system and technology use. Business and Accounting Information Uses The organization needs to record sales, transactions, human resources, and inventory data correctly and assist store managers in placing purchases order and efficiently using resources. The inventory system needs to be easily accessible and provide reports that would assist managers in minimizing inventory costs. Kudler needs to “…develop competitive strategies to counter the actions of the competitive forces they confront in the marketplace” (O’Brien & Marakas, 2008, p. 49). For future growth the business needs to explore the information system requirements to start the website for...
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...Jorge Cuamba ACC542 January 19, 2015 Jana Highwart Automated Process of AIS Kudler Fine Foods is a company that is looking to expand and integrate their accounting software. Accuracy and the ability to have all locations communicate are essential in the decisions of the direction the company. Software that caters to the majority needs of the company will facilitate the recording process and increase the accuracy of such action. There are several types of accounting information systems the company could use. Each type has their advantages and disadvantages on the development and usage of the software. The company has many issues to consider in deciding which type of software to use. The main goal of the upgrade in the software is to increase profitability, efficiency, and structure. Rationale and Analysis for Industry Specific-Software Custom software is more expensive in comparison to industry-specific software. Weighing in the cost factor in choosing software to use is one aspect to consider but one should not just use cost as the only deciding factor. The industry-specific software offers a solution right out of the box. The competitor is most likely using industry-specific software so that means the industry software available has already had the bugs and issues fixed once it is received. “If you have a common business, like a restaurant, there are generally canned software solutions available that are already proven to be effective for your organization’s purpose”...
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...Kudler Fine Foods: Internal Control and Risk Evaluation Latrice L. Alston ACC 542 Eva King March 3, 2013 Kudler Fine Foods: Internal Control and Risk Evaluation Kathy Kudler founded Kudler Fine Foods in 1998 with a vision to offer customers gourmet products at reasonable prices. As the business has grown, the need to evaluate internal processes and procedures has become increasingly more important. Kudler Fine Foods with three locations in California is faced with increasing productivity while controlling costs internally. In short, Kudler Foods has to manage costs and use technology to aid in the process of streamlining operations in all locations. The purpose of this analysis is to provide a clear and concise analysis of the method Kudler Fine Foods is currently using and offer recommendations to improve efficiency by capturing important data rather than extemporaneous data. Specifically, the current system used by Kudler Fine Foods does little to provide a true picture of inventory sources and the effect of the data on Kudler Fine Foods bottom line. The current data table found on Kudler Fine Foods Finance & Accounting tab simply lists GL codes, products, and cost. While this information provides basic information regarding inventory and costs, the data table does not break out for users of the data comparable data to make decisions regarding inventory. One benefit of the data table currently used is that it provides...
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...Kudler Accounting System Vu T. Ma University of Phoenix Kudler Accounting System Kathy Kudler developed a business plan and open the doors of Kudler Fine Foods in 1998 in San Diego, California. Part of the initial business plan involved developing an accounting system. Kathy outsourced a consulting company, Smith System Consulting, to help select and install a retail enterprise management system (REMS). Smith System Consulting decided to install a modular and scalable retail management system (RMS). The REMS system implemented during the opening of the store is too slow to stay up with today's demands. Kudler needs an upgrade or an implementation of a new system. Windward System Five is the new accounting system needed to stay up with today's demands. Key features, core technology, benefits, and costs of the new system will decide the value of this new system to the company. The Windward System consist of some up-to-date features, which are lacking in the current REMS. General ledger, accounts payable, accounts receivable, POS, inventory control, E-commerce, purchase orders, customers, and advance security system with real-time backup functions General Ledger * Journal entries; * Supports recurring entries; * Supports check writing; * Balance sheets, income statements, cash flow, and trend analyses are some of the financial reports offered; * Multiple month reporting helps analyze sales comparison of stores and department; * Fully integrated...
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...Kudler Fine Foods Operations Focus Ian Solace BSA/502 April 16, 2012 Christine Lin Kudler Fine Foods Operations Focus Kudler Fine Foods is a growing, upscale food retailer that currently uses exclusively manual processes to place orders for all of its products. In an effort to help streamline practices and increase profitability, it is recommended that Kudler move toward an Internet-based mode of ordering and fulfilling stock. This type of ordering system could save Kudler both time and money as well as reducing inaccuracies inherent in the manual ordering process. Current Ordering System Currently, there is no central purchasing department for the string of three stores. It is the responsibility of each of the three department managers within each store to determine requirements for the items in their departments and to place purchase orders directly with suppliers (Apollo Group, Inc., 2011). The department managers are required to fill out a standard, manual purchase order form for each order as well as receive and manually verify each shipment as it comes in. To place an order, these forms must be mailed, faxed, e-mailed, or even handed to suppliers (Apollo Group, Inc., 2011). These forms then become the primary tracking and financial documents for all merchandise orders (Apollo Group, Inc., 2011). This vast amount of paperwork must be maintained and stored in the accounting department to ensure vendors are paid. Another hurdle exists in that each department...
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