see attached
Que3stion 1: Having the right AIS application is key to your firm’s being able to properly record, classify, and report accounting events. When you take advantage of advances in technology (ability to access an AIS remotely via the web; electronic signatures; electronic workflow, etc.), you can greatly enhance your firm's operations. Using the firm that you work for (or if you are not working, use a firm that you used to work for or a firm that you are familiar with), describe at least two features are needed in your AIS application that will enhance your firm's abilities. To support your response, perform a search on the Internet to find an article that supports your recommendation (excluding the readings from this class). Be sure to include (a) the title of the article; (b) a link to it; and (c) a two-sentence summary of the article. Que3stion 2: Based upon the material covered from the below video links , highlight the three most important concepts you learned and how each of these concepts will help you in appreciating the power of AIS. Be sure to include examples in your postings. NOTE: You should first identify the concepts that you learned and then describe how they increased your appreciation and understanding of AIS. https://www.youtube.com/watch?v=o07uKDMx4fw https://www.youtube.com/watch?v=gxXHhbRJzd4 https://www.youtube.com/watch?v=Ppp_2cl2d1Q https://www.youtube.com/watch?v=7_fpt0kdBMU&list=PLVxBmyedTVhTRQRYeZJfVBpz_12zwHc6Z&index=2 https://www.youtube.com/watch?v=uIaMU9_wFSc&list=PL66F62F9E936D9077 Que4stion 3: You have been asked by the CFO of your firm to look at ways to improve your key accounting operations (billing, A/R, and A/P). Recommend a best practice for one of these functions, explaining how your best practice will improve your firm’s operations as well as any potential challenges regarding implementing your best practice. To support your response, perform a search on the Internet to find an article that supports your recommendation (excluding the readings from this class). Be sure to include (a) the title of the article; (b) a link to it; and (c) a two-sentence summary of the article. Que4stion 4: Based upon the material covered from the videos link below, highlight the three most important concepts you learned and how each of these concepts will help you in appreciating the power of AIS. Be sure to include examples in your postings. NOTE: You should first identify the concepts that you learned and then describe how they increased your appreciation and understanding of AIS. https://www.youtube.com/watch?v=NkT7OCEN_Po Question 5: Fraud & Breaches Fraud & data breaches can affect any firm. Retail firms have felt the wrath of this. Even the Federal Government and credit reporting bureaus are not immune from outsiders breaking into systems and compromising data. Using the firm that you work for (or if you are not working, use a firm that you used to work for or a firm that you are familiar with), describe what will be the impact if the firm was exposed to fraud or subjected to a data breach and how you think the firm can respond. To support your response, perform a search on the Internet to find an article that supports your recommendation (excluding the readings from this class). Be sure to include (a) the title of the article; (b) a link to it; and (c) a two-sentence summary of the article. Question 6: AIS Summation Discussion Based upon the material covered from the videos link , highlight the three most important concepts you learned and how each of these concepts will help you in appreciating the power of AIS. Be sure to include examples in your postings. NOTE: You should first identify the concepts that you learned and then describe how they increased your appreciation and understanding of AIS. https://www.youtube.com/watch?v=jb5WDDcGvd8&t=2s Question 7: Availability When customers cannot access AIS applications, it is a big problem. Imagine customers being unable to buy merchandise from Amazon during the holidays. Imagine students being unable to register and pay for classes during registration time. These are examples of why firms require that their AIS applications retain high availability for use (greater than 99.9%), meaning that these systems will hardly ever suffer an outage. Is this a fair demand for a firm and its customers to accept a much lower availability, such as 80%? To support your response, perform a search on the Internet to find an article that supports your recommendation (excluding the readings from this class). Be sure to include (a) the title of the article; (b) a link to it; and (c) a two-sentence summary of the article. Question 8: Summation discussion Based upon the material covered from the video link below, highlight the three most important concepts you learned and how each of these concepts will help you in appreciating the power of AIS. Be sure to include examples in your postings. NOTE: You should first identify the concepts that you learned and then describe how they increased your appreciation and understanding of AIS. Question 9: Association Associations like AICPA, ISACA, ACFE, and others provide a wealth of information for its members regarding internal controls, fraud prevention, security, and accounting best practices. Membership fees for these associations are relatively inexpensive considering the resources that they provide. Using the firm that you work for (or if you are not working, use a firm that you used to work for or a firm that you are familiar with), select an organization/association from the Course-Related Websites and describe how they can help your firm in securing and protecting its AIS. Be sure to include specifics. To support your response, perform a search on the Internet to find an article that supports your recommendation (excluding the readings from this class). Be sure to include (a) the title of the article; (b) a link to it; and (c) a two-sentence summary of the article. Question 10: Based upon the material covered from the videos link below, highlight the three most important concepts you learned this week and how each of these concepts will help you in appreciating the power of AIS. Be sure to include examples in your postings. NOTE: You should first identify the concepts that you learned and then describe how they increased your appreciation and understanding of AIS. https://www.youtube.com/watch?v=o_XeQdcD3mU Question 11: The future After learning about AIS, we have now learned a lot. Now, after reading the articles below from IBM on "What we know now..." & “Financial management for the future...”, express your opinion regarding the future of accounting. How do you think technology trends such as artificial intelligence (AI), blockchain, and robotic processing automation (RPA) will impact the future? http://www.businessofgovernment.org/report/what-we-know-now-look-lessons-learned-implementing-federal-financial-systems-projects http://www.businessofgovernment.org/sites/default/files/Implementing%20Federal%20Financial%20Systems%20Projects.pdf Question 12: AIS summation discussion Based upon the material covered from the video link below, highlight the three most important concepts you learned this week and how each of these concepts will help you in appreciating the power of AIS. Be sure to include examples with your postings. NOTE: You should first identify the concepts that you learned and then describe how they increased your appreciation and understanding of AIS. https://www.youtube.com/watch?v=oMytULUhL34&t=1s