What are benefits and limitations of using cloud accounting

Assignment Help Operation Management

Reference no: EM132197055

Business Plus Advisors (BPA) are a well established accounting firm located in Melbourne, Victoria. The Managing Partner, Brady, has read a number of professional articles talking about cloud accounting and its impact on accounting firms and their clients. At present, all of the firm’s clients use more traditional accounting systems where their accounting software is located on computers within their offices. When it is time for Business Plus Advisors to review the accounting files and prepare financial advice and / or tax returns, their clients backup their accounting data and email the file to the firm. Brady would like you to undertake some research into Cloud Accounting and its impact. He is very limited in time and has asked you to prepare a PowerPoint presentation to the executive committee covering the following: What is Cloud Accounting? What are the benefits and limitations of using cloud accounting when compared to their traditional accounting systems from the perspective of: Business Plus Advisors? the clients of Business Plus Advisors? Should Business Plus Advisors encourage their clients to transition to a cloud accounting system when compared to their current system? Justify your recommendation, which should be consistent with the benefits and limitations you have identified above.

Reference no: EM132197055

Questions Cloud

How does the five-forces of the external environment : How does the Five-Forces of the external environment affect the Harley-Davidson company?

In emphasize the three process motivation theories : How does Sandberg’s book Lian In emphasize the three process motivation theories? What is this three strategy explain in simple form as simple as possible

Global athletic footwear and apparel giant adidas : Global athletic footwear and apparel giant adidas has established itself as a leader in just about every sport.

Delivering recruiting presentation : Use the six identified parts of a presentation to record a 2- to 3-minute video of yourself delivering a recruiting presentation,

What are benefits and limitations of using cloud accounting : What is Cloud Accounting? What are benefits and limitations of using cloud accounting when compared to their traditional accounting systems from perspective of.

Promote hearing aids to the consumers market : What challenges are faced by those trying to promote hearing aids to the consumers market?

Approach for the management of organization supply chain : Explain the implications of this approach for the management of the organization’s supply chain.

Describe the different recommendation categories in FDAs : Describe the different recommendation categories in FDA’s May 2007 final guidance Computerized Systems Used in Clinical Trials

FDA does not have legal authority or jurisdiction outside : FDA does not have legal authority or jurisdiction outside of the United States and occupied territories.

User Account

All Pages