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ACCT305 Accounting Information Systems

Question

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Questions:

LO1 demonstrate the purpose of the development of accounting information systems for advancing all members of society including the poor and vulnerable
LO2 appraise the uses and relevance of accounting information systems critically
LO3 analyse and evaluate business processes with respect to the accounting data using problem-solving skills
LO4 connect the form and function of financial statements to financial transactions which are recorded using accounting software
LO5 evaluate the impact of the changes in technology and artificial intelligence on the accounting profession and evaluate how artificial intelligence methods can be applied to solve business problems.
• accounting information systems and business process
• spreadsheets as an accounting tool and for the modelling of cash flows
• XBRL
• MYOB/XERO
• Databases
• artificial intelligence in transforming businesses and the accounting profession
• effect of e-business on accounting
• systems development addressing the challenges of building accounting information systems
• accounting information systems and advancing all members of society
• controlling, monitoring, auditing of accounting information systems
• providing solutions and decision making in accounting IS
• privacy, information security and computer fraud
 
Starbucks began in 1971. Starbucks is the premier roaster and retailer of specialty coffee in the world. Today, it connects with millions of customers every day in 76 markets.Starbucks uses a combination of public clouds, private clouds, and traditional corporate IT systems. In its stores, Starbucks uses Office 365 for e‐mail and productivity application such as Microsoft Word. Office 365 is the public cloud version of the Microsoft Office Suite. For e‐mail and productivity applications at the corporate offices, Starbucks uses its own traditional IT systems on premises. For its customer relationship management software, Starbucks uses SalesForce.com, a public cloud application. For other accounting and Oracle Enterprise Resource Planning (ERP) applications, Starbucks uses a private cloud based on virtualized servers that they maintain. This demonstrates that using various IT approaches is quite common.
Instructions

Write a report addressing to the following issues.

  1. The latest development of some accounting information systems moves to cloud computing for advancing all members of society including the poor and valuable. The cloud technology was quite popular for the past few year globally. Explain the differences between public clouds and private clouds. Illustrate why companies use a combination of public and private clouds servers.
  1. Apply the underlying technologies applied relating risks and controls when companies use cloud computing.
  1. In your Assessment 1 and 2, Fitness Dance Studio which uses Xero for the accounting systems. This assessment further extends your work in Assessment 2. Analyse and evaluate the business processes of Fitness Dance Studio with respect to the accounting data.
  1. Starbucks uses various IT approaches. Suggest some IT approaches, e.g. artificial intelligence, cloud and edge computing, ERP for Fitness Dance Studio based on the business processes you have discussed above within the budget A$50,000.

ACCT305 Accounting Information Systems

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