How accounting data analytics benefits accountants? 2. Discuss the risks of analytics in relation to ethics, privacy and potential
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1. How accounting data analytics benefits accountants?
2. Discuss the risks of analytics in relation to ethics, privacy and potential for errors and misuse.
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- 1. What do you think is automation? 2. Why is automation needed? 3. What do you think are the advantages of automation? 4. Do you think there are any risks regarding automation? Motivate your answer. 5. What do you think are the characteristics of that can be automated? Name three. 6. What do you think will the role of the processes accountant/auditor/tax specialist/financial manager be in the feature?Give me a conclusion paragraph about the impact of AI in AccountingIdentify two specific IT-related risks in computerized accounting information systems. Propose a strategy that might be implemented to mitigate or eliminate each selected risk. Be sure to effectively support your rationale.
- What are the things that need improvement in Xero Accounting Software?If you are an accounting analytics professional, what software would be considered specified and complex? a) Xero b) Fresh Books c) Intuit Quickbooks d) Oracle NetSuiteWhat are the advantages and disadvantages of Xero Accounting Software?
- As an accountant why do you need to know how to talk to systems designers and developers? What topics must you able to understand and discuss with them?Consider the use of Integrated Accounting, as a computerized accounting system. Write a discussion post in which you respond to the following prompts: Under what circumstances would it be in a business’s best interest to invest in and use a computerized accounting system? Are there circumstances in which it would make sense to use a manual system? Explain your answer.What are the pros and cons of Artificial Intelligence in accounting
- Answer the question correctly. Thank you. What do you believe to be the primary advantage that human accountants have over many accounting software programs that are in use today? Please answer in 2 paragraphs. Do not be redundant in answering.Since information systems often involve advanced technologies that are beyond the knowledge level of typical users, should users play an active role in the SDLC? If so, how should they be involved? How can the accountant be involved?Continuous auditing 1. How has this concept developed? 2. How has the accounting information system and other technologies opened up the opportunity for continuous auditing? 3. What is involved in calculating the costs and benefits of continuous auditing? 4. What other technologies will be available to make the cost benefit of continuous auditing a reality for companies? 5. What will this do to the future of the auditor?