PART 1 1. The current organizational structure 2. What operational problems (e.g., inefficiency, errors) do you think the organisation could experience because of this structure? 3. What is the most...

Introduction
There is no doubt in the fact that having suitable accounting software in place could greatly help the companies to save upon time and resources (Head, 2005). Nevertheless, with several different software packages present within Australian marketplace, identifying the highly suitable software system is considered as being a difficult task (Loh and Ching, 2004). In addition, whether the company is growing the prevailing operations, merging with some other company or searching the appropriate accounting software for spreading out business load, it is seen as being exceedingly vital to have in place professional guidance before actually implementing the new system (Dehning and Stratopoulos, 2003).
It is highly important to make sure that the accounting software package is proficient enough of recording complete details associated with the transactions in a well-organized manner (Waldner, 2002). The software package must be easily accessible for the employees in order to evade or trim down the time required by the workers for properly learning as well as gaining sound familiarity with the specific software (Loh and Ching, 2004). These accounting systems need to lessen down the steps involved in data recording and improve staff effectiveness along with information storage system for ensuring maximum amount of information is collected at a specific point. Also, the software package needs to be capable enough of making available important information for any department that to without wasting time. Due to rapid advancement of IT (information technology) and information system, the companies are compelled to take into consideration different accounting systems (Loh and Ching, 2004). The cu
ent players prevailing in Australia for companies that are medium and small sized involve QuickBooks, Xero, MYOB and finally, Reckon. These
ands are challenging against one another for upholding their portion of the market.
Further, taking into consideration above discussion this particular paper makes an effort to scrutinize the company i.e. Virgin Australia that is using accounting software packages. Virgin Australia Airlines is acknowledged as being the second-biggest airline company subsequent to Qantas and it’s regarded as the biggest airline in terms of fleet size (Virgin Australia, 2018). Based within Brisbane, the corporation was co-established through Richard Branson, the creator of Virgin Airlines and first CEO Brett Godfrey (Virgin Australia, 2018). Virgin Airlines has expanded to directly offer services to 29 regions within Australia including hubs located within Brisbane, Sydney and Melbourne, making use of na
ow-body Boeing fleet and Ai
us as well as Boeing
oad body jets (Virgin Australia, 2018). Moreover, operating like a low-cost ca
ier for many years, the airline has enhanced its provisions for becoming a "New World Ca
ier" – fundamentally a business framework that intends to offer "guest" the option of making bookings with facets of the "no frills" strategy of low-cost airlines or shelling out a bit more for receiving superior facilities, for competing more efficiently with Qantas within the travel marketplace (Virgin Australia, 2018). In the same manner, this particular paper attempts to lay focus on the accounting system taken up at Virgin Australia for implementing and maintaining its accounting and financial transactions across international, domestic and other business services under Virgin Airlines
and.
Part 1
What operational problems (e.g., inefficiency, e
ors) do you think the organisation could experience because of this structure?
Virgin Australia has in place diverse functional procedures and needs to always ensure that it’s proficient enough of implementing the processes that to least faults and greatest accuracy (Virgin Australia, 2018). Moreover, there are a number of operational challenges, which Virgin Australia could experience as a result of its organization framework and chief among them is delay in decision-forming (Loh and Ching, 2004). Additionally, it has been observed that the airline sector is quite influential and here the top management is responsible for strategic decision-forming (Dehning and Stratopoulos, 2003). Further, if the industry provides an opportunity to adopt latest techniques, but there is delay in decision-forming then there would be incompetence of the airline company like Virgin Airways to attain advantage of the new opening (Virgin Australia, 2018).
Additionally, the complex corporate model of Virgin Australia could lead to lack of effective communication amongst the staff members and the top...