Accounting consultancy and system development: an internship experience at ACNABIN, chartered accountants

Abstract

This report is the reflection of internship experience at ACNABIN a renowned Chartered Accountancy firm in Bangladesh. Experience gathered during this period has been presented and an academic concept has been elaborately discussed in this report. A combination of knowledge and experience holds this paper. Two major topics namely–Accounting Consultancy and Accounting system development has been the center of discussion in this paper. Enterprise Resource Planning (ERP) systems have been a very crucial player in the advancement of business and making the work flow more efficient every day. Having a suitable ERP system helps in reducing unnecessary costs and taking other major managerial decisions, thus increasing the growth possibilities. To develop a suitable ERP for an individual company there are factors like firm size, industry category, ownership criteria and time span that could highly contribute in shaping the ERP model. Steps like – organization goals determination, business flow design, demo creation and follow up are very basic in formulating an ERP model. In Accounting the significance of ERP systems has been very influential for documentation and decision making. An overview of this ERP system development through Accounting Consultancy Service have been reflected in this paper.