How would you explain adam about the situation

Reference no: EM132976005

Q1 George is recently appointed in the Accounts department of Qantas Airline. His manager asked him to submit a report that how data analytics can be used to maximize revenue from business and casual travellers. And why should Qantas Airline invest in emerging technologies like artificial intelligence and blockchain.

Required:
You are required to help George identifying key points and examples for his report.

Q2 Adam, a recently hired bookkeeper at your company, is worried about his prospects in the Accounting profession. You heard him say this the other day.
Quote: "The role of accounting is only as an information provider. Computers will ultimately take over my job - there is no use denying it!"

How would you explain Adam about the situation.

Q3. Which internal control(s) would you recommend preventing the following situations from occurring?
1. Authorization of a credit memo for a customer's account (on receivables) when the goods were never actually returned.
2. Theft of funds by the cashier, who cashed several checks and did not record their receipt.
3. Inventory was stolen by receiving dock personnel. The receiving clerk claimed the inventory was sent to the warehouse, but the warehouse clerk did not record properly.
4. Writing off a customer's accounts receivable balances as uncollectible in order to conceal the theft of subsequent cash collections.

Reference no: EM132976005

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