Evaluate the legal and social implications of technology

Assignment Help Accounting Basics
Reference no: EM133187607

Question - You've just graduated and have landed your first job. However, you realise that the business is not using technology to give it a competitive advantage in this global arena. Imagine that you have been having discussions with your supervisor about transitioning from manual accounting information systems to electronic accounting information systems. Seemingly, this strategy will undoubtedly help the business to be more effective and efficient. You have been charged to make a presentation to management.

1. Evaluate the legal and social implications of technology in business.

2. Construct an argument for the shift to an electronic accounting system.

3. Discuss how controls can deter fraudulent practices in an organization.

Reference no: EM133187607

Questions Cloud

What is value chain analysis : Describe top-down strategic planning, scenario planning, and strategy as planned emergence.
Servant leadership ethics and entrepreneurism : Three scholarly journal articles, for Accountant one for each of the Three Pillars (servant leadership, ethics, and entrepreneurism)
What is its expected price after four years : You would like to buy a house that is currently on the market at $85 000, but you cannot afford it right now. What is its expected price after four years
What will happen to the firm current ratio : Liquidity Analysis - The King Carpet Company has $3,070,000 in cash and a total of $11,070,000 in current assets. What will happen to the firm current ratio
Evaluate the legal and social implications of technology : You have been charged to make a presentation to management. Evaluate the legal and social implications of technology in business
What will be the yearly cost of repaying the loan : Our ambulatory surgery center wishes to re-build. The capital cost is expected to be $3.1 million. What will be the yearly cost of repaying the loan
What return should you expect on your portfolio : The expected return on the market is 11.5%. What return should you expect on your portfolio according to the CAPM
Prepare the income statement and balance sheet of nice : As part of your new responsibilities, the CFO has asked you to prepare the income statement and balance sheet of Nice and Soft Limited for 2020 and 2021
Please define and describe culture : Please define and describe culture. Then, answer the following questions:

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the market price of a face value bond

Malta Inc. offers a bond with an annual coupon rate of 4.5 percent, semiannual payments, What is the market price of a $1,000 face value bond

  Discuss this motivation in terms of agency theory

When there are debt covenants that restrict a company's debt-to-equity ratio, Discuss this motivation in terms of agency theory

  What are the effects on the after-tax profits

A project currently generates sales of $10 million, variable costs equal to 50% of sales, and fixed costs of $2 million. What are effects on after-tax profits

  Complete for conversion costs

On September 30, the Sorting Department of Tea Works had beginning Work-in-Process Inventory of 30,000 units which was 40% complete for materials

  Find the financial statements of a publicly traded company

Find the financial statements of a publicly traded company and review its stockholders' equity section of the balance sheet.

  Identify the discrete random variable

Identify the discrete random variable in this situation and determine its expected value.

  Why is it important to understand international accounting

Why is it important to understand international accounting standards?

  How much of this annuity is includible in gross income

This annuity cost him $2,400, and it has an expected return of $7,200. How much of this annuity is includible in gross income for the 2018 calendar year

  What was the amount of increase or decrease in cash

What was the amount of increase or decrease in cash and cash equivalents for the year ended September 27, 2014? What was the amount of income taxes paid for?

  Haver company currently produces component rx5 for its sole

haver company currently produces component rx5 for its sole product. the current cost per unit to manufacture the

  The footwear department of lees department store had sales

the footwear department of lees department store had sales of 190000 cost of goods sold of 133500 indirect expenses of

  How will the bonds be presented on the balance sheet

The bonds mature in 10 years. How will the bonds be presented on the balance sheet

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd