How might Mitchell Manufacturing use the cloud in accounting

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Question - You are a staff accountant for Mitchell Manufacturing, Inc., a large electronics manufacturing company. Mitchell has four sales divisions, three manufacturing plants, and a home office in Dearborn, Michigan, which houses all the administrative offices. Management is considering using the cloud in accounting and auditing for the first time. Jeff Smart, Chief Operating Officer of Mitchell, has asked you to answer the following questions in a memo:

What is the cloud?

How might Mitchell Manufacturing use the cloud in accounting and auditing?

What advantages might there be to Mitchell Manufacturing's use of the cloud?

Write a memo to Mr. Smart responding to these questions.

Reference no: EM133143760

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