Premium Essay

Kudler Fine Foods Needs an Accounting System

In:

Submitted By eppersondm
Words 477
Pages 2
Kudler Fine Foods Needs an Accounting System
David Epperson
BSA/310
October 30, 2012
Larry Valenzuela

Kudler Fine Foods Needs an Accounting System
For Kudler Fine Foods, it is important that an accounting system be tied into every department and included within all of the information systems the company uses. 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 Virtual intranet. A Retail Enterprise Management System is an interconnected system which contains a General Ledger, Accounts Payable, Point of Sale, Bank Reconciliation, and Asset Management and Accounting modules (Scribd, 2009). A 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; department and store headcount. Looking at the description on the intranet site, the General Ledger module as-well provides Financial Reporting such as Balance Sheet, Income Statement, Cash Flow, and Trend Analysis with period over period, store comparisons, and department comparisons, this module provides everything Kudler Fine Foods needs to produce all of the necessary financial reports and even budget reports for each department, store, region, or for the entire organization. The Accounts Payable Module will contain vendor codes and master files, check printing, tax and freight allocations, multiple bank accounts, purchase order module posts vendor order directly to the AP module, and handle international addresses. POS Module is used to capture and report retail sales in detail, provide data directly to other modules, handle all credit and

Similar Documents

Premium Essay

Computer Information System Brief

...Computer Information System Kerry Seeley ACC542 January 9, 2012 Jana L. Highwart, MBA Computer Information System Kudler Fine Foods is a specialty food store in the San Diego area (Apollo Group, Inc., 2010). Kathy Kudler opens three stores, first store is La Jolla, second store is Del Mar, and the third store is Encinitas. According to Apollo Group, Inc., (2010), Kudler Fine Foods has an assortment of local and international food and beverages including items such as seafood, produce, condiments, meat, dairy products, bakery, packaged foods, wine, and cheese. Kudler Fine Foods hires Seeley’s Firm to evaluate Kudler’s accounting and information technology systems. Seeley’s Firm will report Kudler’s business and accounting needs, current hardware and software, strengths and weaknesses of current computer system, investigate prospects to improve the technology use, assess risks concerning the current computer system, and recommendations to improve Kudler’s ability to manage business. Business and Accounting Needs Concerning Kudler’s over-all business and accounting needs, the general needs are human resources, maintenance, sales, information technology marketing, consumer relations, communications, and advertising. Kudler’s accounting needs is inventory, purchasing, security, payroll, general ledger, bank reconciliations, accounts payable, point of service transactions, capital assets, and accounts receivable. It is essential that Kudler Fine Foods needs are met in a cost...

Words: 1201 - Pages: 5

Premium Essay

Accounting Systems

...Kudler Fine Foods: Accounting Systems Chris Kozyra BSA/310 June 30, 2014 Professor Paula Billups Kudler Fine Foods Accounting Systems According to Raiborn (2010), “An accounting system provides a systematic approach to collecting, processing, and communicating financial information to decision makers in an effective and efficient manner”(Ch. 2, An introduction to the Accounting System, para 1). Kudler Fine Foods hired a consulting firm, Smith Systems Consulting, to help select, install, and maintain a Retail Enterprise Management System (REMS). The features, technology, benefits, and cost of the accounting system will help inform the decision makers of Kudler Fine Foods and help them is directing Kudler Fine Foods’s future. Key Features There are six major modules that will be used in the new accounting system. They are the General Ledger Module, Accounts Payable Module, POS Module, Bank Reconciliation Module, Asset Management and Accounting, and Security. The General Ledger Module contains the chart of accounts, transaction details, financial reporting, budgets, and limit manual data entry. The Accounts Payable Module includes vendor codes, master files, check printing, tax and freight allocations, and bank accounts. The POS Module includes retail sales and reports, provides data to the General Ledger, and cash and credit sales transactions. The Bank Reconciliation Module handles reconciling checks, account deposits...

Words: 816 - Pages: 4

Free Essay

Computer Information System Brief

...Computer Information System Brief ACC/542 Computer Information System Brief Kudler Fine Foods operates in La Jolla, Del Mar, and Encinitas California providing gourmet meats, cheese, produce, wine, and deserts to the community. Kudler Fine Foods offers its customers a selection of fine foods from around the world as the company takes pride in providing the finest epicurean delights. During the review of Kudler Fine Foods determined the company’s needs to strengthen accounting practices and fix the technological weaknesses found with the technology and computer systems. This brief will discuss the key business and accounting information needs; strengths and weaknesses of Kudler’s current computer system and technology use; explain the opportunities Kudler has in terms of technology and provide suggestions; and evaluate the threats that Kudler may encounter with the current systems. Computer System Kudler Fine Foods success depends on the systems three stores have in place. As each store sells meat, bakes goods, produce, cheese, wine, and dairy products, the computer system must allow managers and employees of the company to track inventory, sales, spoilage, and consumer purchasing trends. The current computer system in each store is accessible 24 hours a day, and the owner is responsible for training the employees to ensure each employee understands the daily operating system. The decision to have the owner train the employees serves as a strength because...

Words: 1288 - Pages: 6

Premium Essay

Computer Information Systems Brief

...Computer Information Systems Brief: Kudler Fine Foods Crystal Levine February 3, 2014 ACC/542 Facilitator Yasin Dadabhoy Introduction Kudler Fine Foods is an upscale specialty food store that provides the very best domestic and imported foods from all around the world. They have a wide variety of specialty baked goods, fresh produce, and fresh meat and seafood. Kudler Fine Foods currently has three locations in the San Diego metropolitan area, and prides themselves on pleasing their customers and providing them with a delightful shopping outing. Kudler’s Key Business and Accounting Needs Kudler Fine Foods has some important business and accounting needs in order to allow for their businesses to run smoothly. Their needs include things such as inventory control, accurate recording of accounting transactions, and efficient tracking of customer accounts. Currently Kudler Fine Foods uses a Retail Enterprise Management System (REMS) for their current accounting information system. This is currently being maintained by Smith Systems Consulting. Currently Kudler’s REMS provides them with many important financial modules. The general ledger module provides them with functions such as the ability to run financial reports, and transaction details and roll-ups. The accounts payable module allows them to do things such as print checks and also allows the purchase order module to post vendor orders directly to the AP module. What they do need in this module is the system’s ability...

Words: 764 - Pages: 4

Premium Essay

Deferred Tax

...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...

Words: 685 - Pages: 3

Premium Essay

Kudler Fine Foods - Accounting System

...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;...

Words: 984 - Pages: 4

Free Essay

Computer Information System

...COMPUTER INFORMATION SYSTEM BRIEF-KUDLER FINE FOODS Kudler Fine Foods expresses on their website that they “will go to extensive lengths to assure that Kudler Fine Foods is the purveyor of choice for customers aspiring to purchase the finest epicurean delights”. This information lets our company know that we are working with a company that is ready and able to take that next step into the 21st century when it comes to technology and accomplishing any business goals. Kudler Fine Foods, as our client, has asked how computer systems might be more effectively integrated to meet their business needs and improve their accounting operations. In the following brief, our company will attempt to give suggestions on making Kudler Fine Food’s information system more successful for their business and accounting operations. IDENTIFYING BUISNESS AND ACCOUNTING NEEDS Kudler Fine Foods seems to have the internet site set up very well. It allows the customers to see what the company has to offer as well as give them important contact information on where the product is sold, and how to get it. One need as far as the customer’s base is concerned is maybe reaching out to more paying customers. Kudler Fine Foods are searchable through the world wide net and that also means that they can receive profits from all parts of the world. As far as addressing business needs, an internet site where products can be purchased would be greatly beneficial. When it comes to the Kudler’s intranet...

Words: 1086 - Pages: 5

Free Essay

Automation Process of Ais

...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...

Words: 839 - Pages: 4

Free Essay

Computer Information System Brief

...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...

Words: 1150 - Pages: 5

Premium Essay

Accounting Systems

...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...

Words: 1352 - Pages: 6

Premium Essay

Analyze the Reason for the Type of Organizational Structure Employed by the Organization, and Identify the Key Positions That Support That Organizational Structure.

...Kudler Fine Foods goals are to increase loyalty of consumers and profitability. To be able to achieve these goals Kudler Fine Foods needs to expanding the services, implementing the frequent shopper program and to reduce costs through better bargaining with the suppliers and improved inventory management system. Kudler Fine Foods steps of collaboration should take place in the area of forecasting. Kudler Fine Foods should be coming up with ways to that will attract the most customers into the store. They can do this by setting up in-store cooking class special and promoting their new frequent shopper, Kudler Fine Foods also needs to forecast how they will handle the inventory levels so nothing is either overly or underlie stocked. Kudler Fine Foods second step is to coordinate the function of merchandise selection and pricing. This is to make sure that the right so that the right merchandise is available to the customers while they are in the implementation of frequent shopper program. Also during this stage Kudler Fine Foods has good products available for their customers from their suppliers. In the third step, the function of inventory management should fine tuned with the expansion of services campaign and implementation of frequent shopper program of Kudler Fine Foods to introduce Just In Time technique. The introduction of JIT will help reduce the costs for Kudler Fine Foods. In the fourth step there should be close coordination with the accounting function. This is...

Words: 519 - Pages: 3

Premium Essay

System Integrity and Validation

...System Integrity and Validation ACC/542 September 3, 2012 System Integrity and Validation Kudler Fine Foods has three different locations that carry domestic and imported foods that are in five different departments. Kudler Fine Food management decided to have an accounting firm come in and look at the computer system that they are using. Kudler Fine Food is looking to successfully improve the system for possible expansion in the local area or in different states. The accounting firm has given Kudler Fine Foods six weeks to let them know what the strengths, weaknesses, and what improvements need to be done. The accounting firm took the first week to look at the type of system that Kudler Fine Foods have and how to make improvements. What the accounting firm discovered is that Kudler Fine Foods has installed the comprehensive modular Retail Management System which is a point-of-sale that may or may not have a web-based program. During this time the accounting firm discussed the improvements to the module to reduce the manual transactions and make the system more effective. The accounting firm also discussed the possible threats and ways that the threats can be prevented. The next step that needed to be discussed is the type of software for Kudler Fine Foods. The accounting firm made a suggestion of industry-customizable financial software that would replace the current processes. Once the accounting firm decided that the industry-customizable financial software would benefit...

Words: 1807 - Pages: 8

Premium Essay

Kudler Fine Foods Week 2

...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...

Words: 868 - Pages: 4

Premium Essay

Operations Managment - Kudler Fine Foods

...Running Head: OPERATIONS MANAGEMENT Operations Management MMBPL502 Patricia Schroeder January 23, 2012 Introduction Kathy Kudler, the Founder of Kudler Fine Foods, has decided to expand her business by contracting with local growers of organic produce. Kathy has requested that I report what steps need to be taken and what operational changes will be necessary if Kudler decides to pursue this business path. The report should identify those business processes at Kudler that could be affected by this decision and explain how they would be affected. It should describe how Kudler’s supply chain would be affected by this decision and finally, it should describe the quality control tools and performance standards that Kudler would need to put in place to ensure the effectiveness of its operations. Business Process It is useful to categorize processes to describe how a process is designed. By being able to quickly categorize a process, we can show the similarities and differences between processes. Make-to-order – this process is activated only in response to an actual order. Inventory (both work-in-process and finished goods) is kept to a minimum. Make-to-stock – this is a highly efficient process that produces standard products that can be delivered quickly to the customer. Hybrid – this process combines the features of both make-to-order and make-to-stock (Chase, Jacobs, Aquilano, 2005). Inventory Control Each of Kudler’s individual...

Words: 1349 - Pages: 6

Premium Essay

Kudler Risk

...Cummings University of Phoenix ACC/542 Accounting Information Systems January 11, 2010 June Hanson CPA Kathy Kudler, founder envision for the organization was to provide a pleasant shopping experience for customers worldwide. The Kudler Fine Foods visual culture is apparent in the first sentence of the mission statement. “Kudler Fine Foods mission is to provide our customers the finest in selected foodstuffs, wines, and related needs in an unparalleled consumer environment” (University of Phoenix, 2010). Kudler Fine Food stores are 16,000 square feet and are located in bouquet type environment, which is located in upscale areas. In week 2 my team was given the assignment to create flowcharts for Kudler Finer Foods. Four flowcharts were created to show the operating process of four functional areas. This paper will assess some of the internal controls and risk assessment needed for each flowchart. Companies use internal controls within their processes to assist departments in identifying priorities, achieve department goals, report reliably, meet compliance regulations and safeguard. Kudler Fine Food used internal controls to prevent and reduce errors in a cost-effective manner. As business processes become increasingly complex and dynamic, business controls have become an essential tool. Kudler Fine Food have ventured into the e-commerce world hence, regulations are different in others computer. Also, Kudler must be mindful of protecting their customers...

Words: 599 - Pages: 3