...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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...Background Kudler Fine Foods set aside approximately $50,000 to hire a consulting firm to help with the selection and installation of a comprehensive Retail Enterprise Management System (REMS). After selecting Smith Systems Consulting as the consultant for this project, it was determined that a modular system should be selected and installed. The modules that were selected and installed are General Ledger, Accounts Payable, Point of Sale (POS) and Bank Reconciliation. The Asset Management and Accounting module was not acquired. Auxiliary generators have been installed at each location and the corporate offices, due to the frequent power issues in Southern California, to ensure that the accounting and finance system is available 24 hours a day, 7 days a week. General Ledger Module A general ledger is a record that stores balance sheet and income statement transactions (Averkamp, 2014). The financial data listed in the general ledger is the assets, liabilities, equity, income, cost of goods sold (COGS) and expenses in this order. A systematic numbering system is used to assign account numbers to each individual account under each section. At this point, the items are considered accounts. The account numbers that are assigned to each item can be found in the Chart of Accounts (COA). Accounts Payable Module Accounts payable (AP) are debts that must be paid off within a given period of time to avoid being in default (“Accounts Payable – Ap”, 2014). AP entries are...
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...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...
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...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 effective way to remain to offer the best in specialty foods to Kudler’s current and future...
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...New Accounting System Justin Taylor BSA/310 February 9, 2012 Sanford Schram New Accounting System Kudler Fine Foods is known as a store dedicated to bringing classy foods to quality clients (Apollo Group, 2011). Although Kudler Fine Foods has gotten by with the old accounting system it is high time for an update. The original approach to this endeavor was to hire a consulting firm to assist in the systems selection and execution (Apollo Group, 2011). The Kudler Fine Foods budget for the new accounting system is $50,000 dollars. A few of the key features are the same, but some have changed with this upgrade (Apollo Group, 2011). To start with this new system allows Kudler Fine Foods to keep a record of purchases made by each of its customers (Apollo Group, 2011). When a customer purchases a product it will be entered in a database detailing what was purchased, the amount of the products purchased, and the total cost. As a bonus the feature of online banking joins Kudler Fine Foods to the new millennium, which makes banking simpler (Apollo Group, 2011). Basically the Kudler Fine Foods will be able to pay its bills immediately, and track the amount of money in the account. This particular feature has been enjoy by the common man for years adding it puts Kudler Fine Foods in touch with technology (Apollo Group, 2011). The new system also displays the accounts that Kudler Fine Foods receives from its customers. Moreover, accounts receivable tracks incoming, and outgoing...
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...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...
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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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...An 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 Accounting System To the Executives of Kudler Fine Foods, Today, I introduce to you an idea that will help revolutionize the accounting process at Kudler Fine Foods. Upon its implementation, Kudler Fine foods will be able to easily manage its portfolio of accounts and analyze all of its data, all at a moment’s notice. The ability to access reports, on a annually, bi-annually, quarterly, or any time therein, is completely up to the individual. The financial benefits will be instantaneous to the company. One of the key benefits Kudler Fine Foods will gain will be the ability to handle all the raw data that you did not have command of before. This new system not only allows you to improve your financial strategies, but you can also increase your management potential by forecasting future investments. By prompting these new strategies, you are able to access areas of information not easily accessible before, like cash flow and asset management, just to name a few. How can we achieve this level of satisfaction in one software product? Let’s take a look at some of the key features that are built in to the accounting software package. Key Features * Software Compatible – The software is fully integrated with the most popular of software technologies. It will work with the Microsoft Office Suite of applications seamlessly. This will allow Kudler Fine Foods to be able to integrate reports into documents, spreadsheets, or emails without any technical issues. ...
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...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...
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...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...
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...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 Kudler Fine Foods there were flowcharts produced for the...
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...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...
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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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...Computer Information Systems Brief Kudler Fine Foods is stocked with high end specialty, imported, and domestic products. The specialty foods include fresh meats, produce, packaged foods, bakery goods, cheese, wine, and specialty dairy products. They have invested in and administered the computer system appropriately for business purposes. The company stands out by offering premier goods to their customers in their three gourmet locations. Though each location is money-making, Kudler requires a renovation of the existing computer system to be viable in their niche gourmet food market. A preliminary evaluation of the computer systems, accounting practices and opportunities will be investigated to enhance the company’s accounting system also. Additionally, dangers that they will face if modifications are not completed to the existing system will be tackled. To consider and propose a valuable computer system, it is essential to appraise and make suggestions based on significant accounting procedures and business needs, record of present systems, clarification of business benefits from technology advancements and ascertaining the strengths and weaknesses with possible technology The existing computer information system that Kudler employs is an integral part in supplying data for the profitability of the business. The present computer system is grasped by all employees, is accessible 24 hours a day, seven days a week, and allows the company to thrive in sales. As the company look...
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