17 Jul IDENTIFY POTENTIAL RISKS OR LIMITATIONS IN ADOPTING A CLOUD BASED ACCOUNTING SYSTEM
Traditional Accounting System Help | Professional Body Articles As
Charles Sturt University Subject Outline Traditional Accounting System Help
Assessment item 1
The role of an AIS
Value: 10%
Due date: 20-Mar-2017
Return date: 10-Apr-2017
Traditional Accounting System Help | Professional Body Articles AsLength: 750 – 1,000 words
Submission method options Traditional Accounting System Help
Alternative submission method
Task
You work in an accounting firm as a business advisor. The partners of the firm are conservative and advise their clients to use traditional server based accounting information systems (AIS). The firm’s clients are small to medium sized businesses, in a variety of industries including retail and service.
Recently a number of your clients have approached you about moving from a traditional accounting system (in-house server based or computer based) to a cloud based accounting system. You mention this trend to the senior partner. The senior partner has now asked you to provide more information on cloud accounting systems, in the form of a 750-1,000 word business report that can be distributed to both the partners and clients. You have been asked to do some research and address the following:
Define and explain the differences between a cloud based accounting system and a traditional accounting system
Identify potential risks or limitations in adopting a cloud based accounting system
Based on your findings make a recommendation outlining which size and type of businesses would benefit from moving to a cloud based AIS.
Within your business report, present the differences between cloud based and traditional AIS in a table.
Your research could include such sources as the professional body articles as well as text books and peer reviewed academic journals. Vendor websites are not considered to be appropriate sources of information for this task. Use APA referencing in your report.
PLEASE REFER TO THE MARKING GUIDE BELOW FOR GUIDANCE ON WHAT IS REQUIRED TO ATTAIN THE DIFFERENT LEVELS OF ACHIEVEMENT AND THE MARKS ALLOCATED TO EACH CRITERIA THAT YOU NEED TO ADDRESS IN YOUR REPORT.
Rationale
This assessment task has been designed to develop your ability to interpret and evaluate the concepts covered in Topic 1. More specifically it seeks to assess your ability to:understand and apply foundation principles relating to computerized information systems in contemporary organisations.
Charles Sturt University Subject Outline
Marking criteria
Provide a recommendation on which size and type of business would benefit from cloud based AIS.
Academic writing skills
In a table within the business report, with reference to an extensive range of sources beyond the subject resources clearly distinguishes the differences between cloud based and traditional AIS.
With reference to an extensive range of sources beyond the subject resources, clearly illustrate potential risks or limitations in adopting a cloud based AIS.
Accurate use of syntax, spelling and punctuation; succinct and effective use of accounting terminology. Correct report format used. APA referencing is correct and consistently applied.
With reference to a range of sources beyond the subject resources, clearly explains potential risks or limitations in adopting a cloud based AIS.
With reference to the evidence gathered, provides
recommendation based on the relevant risks and benefits of cloud based AIS.
Accurate spelling and punctuation; effective use of accounting terminology. Correct report format used. APA referencing is correct and consistently applied.
Requirements
Assignments must be submitted through Turnitin.
You need to include your name, student ID and page number in the header or footer of every page of the assignment. Further details about the presentation of your submission are provided in Appendix 1.
For this assessment you are required to use APA referencing to acknowledge the sources that you have used.
Please refer to the CSU referencing guide:
Here is a link to a very useful tool you can use. It demonstrates how to correctly use in text referencing and the correct way to cite the reference in your reference list: apps.csu.edu.au/reftool/apa-6 (https://apps.csu.edu.au/reftool/apa-6)
Assessment item 2
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