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Fonterra Ltd, a diary company in New Zealand
Finance & Accounting
Pages 10 (2510 words)
Accounting Information Systems Fonterra Ltd. Introduction Fonterra Ltd is a diary company in New Zealand which is known to bring quality milk products to its customers around the globe. The Fonterra Cooperative group was formed in 2001 and has become the world’s largest exported with around 11,000 shareholders at present.
The number of employees working for Fonterra is around 16800. The strategies adopted by the company are to make business in the emerging economies like China, Latin America and ASEAN; thus creating a strong presence. Optimizing the business of milk in New Zealand, protect the exports of milk exports in New Zealand by building integrated offshore milk pools, so that the higher value returns gets back to the country; focusing on creating quality product for its customers with special concern for mother and babies (Fonterra Ltd., 2011, pp.2-20). Computer fraud and abuse Accounting information system is a process by which the accounting of the company is done based on the Generally Accepted Accounting Principles (GAAP) by the use of the modern information technology. ...
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