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Cloud Accounting Systems

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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.

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At the end of each week during the trimester, you should evaluate the performance and behavior of your stocks. You are required to record the prices of the stock as at closing on Friday each week up to week 8 of the class. For example, your first week closing price should be taken after the stock ma ...

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George Ltd acquired 60% of the shares of Orwell Ltd in February 2017. Although George Ltd has 100% subsidiaries this is the first acquisition that George Ltd has made with a non-controlling interest (NCI) partly funding the other company. Eric Blair, the financial accountant of George Ltd has asked ...

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Identify a real-world economic    problem that can be addressed  using rate of return analysis. Collect  pertinent  data ...

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Short essay about the following: worth 20 marksImpairment loss for cash generating units excluding good will ...

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