1 BFA504 Semester 1, 2021 Assignment 3 Weighting 30% Due Date 7th June 2021 @ 11.59PM Individual assignment The final assignment is comprised of two parts. # Description Required Submissions Marks 1....

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1 BFA504 Semester 1, 2021 Assignment 3 Weighting 30% Due Date 7th June 2021 @ 11.59PM Individual assignment The final assignment is comprised of two parts. # Description Required Submissions Marks 1. Attainment of Xero Advisor Certification 1. PDF Certificate 2. Screen recording of login and completion 30 2. Essay Question Word or PDF Document 70 100 Part 1: Attainment of Xero Advisor Certification (30%) 15% of assignment 3 is based on the attainment of the Xero Advisor Certification. The Xero Advisor Certification comprises of 12 modules that is suggested to take 6 hours to complete (inclusive of reading, studying and completing the assessments). You can access the Xero Advisor Certification by clicking here and then logging in with your Xero account details. Once you complete your Xero Advisor Certification you will receive a PDF certificate from Xero with your name and the date of completion. Click here to view an example of the certificate. You are to upload this certificate in the Assignment 3 Dropbox link. You are also required to upload a screen recording of your Xero Central login screen. The recording should show the following: i.) The whole browser with the URL must be visible ii.) You loggin in with your UTAS student email iii.) Navigate to the “Xero Advisor Certification” (Choose a learning programme > Xero advisor certification) If you’ve completed Xero advisor certification then it should show as “Completed”. If you haven’t completed it then it will show as “In Progress”. If you have submitted the required evidence that proves you have completed the Xero Advisor Certification, then you will receive the full 30% for part 1 of assignment 3. If you haven’t then your 30% will be calculated based on the number of modules completed. E.g., if you completed 6 of the 12 (50%) modules then you will receive 50% of the 30 being 15. In the video you need to show all the modules of the certification so we can determine the total number of modules completed. An “In Progress” module will be counted as .5 of a module. You can use Zoom > Share Screen > Record to record you screen. https://central.xero.com/s/training-track/a4F1N000000uS7RUAU/xero-advisor-certification https://mylo.utas.edu.au/d2l/le/content/420829/viewContent/4000846/View https://mylo.utas.edu.au/d2l/lms/dropbox/user/folder_submit_files.d2l?db=128339&grpid=0&isprv=0&bp=0&ou=420829 2 The reason for requiring you to record your Xero Central login is that the certificate can be forged. However, a website is much more difficult to fake. Examples of required submissions can be found below: 1. Example of Xero Adviser Certificate 2. Example of Video Recording of Completion of Xero Adviser Certificate (If you have completed the certificate) 3. Example of Video Recording of Incomplete Xero Adviser Certificate (If you haven’t completed the certificate) If there is no video upload then you will not zero marks for Part 1. If there are required parts of the video that are missing then you will receive partial marks depending on the extent of the missing information. Part 2: Research Essay (70%) Xero is advertised as a software that leverages machine learning. Some have argued that Xero’s utilization of new technologies will replace human bookkeepers. Required: Using a research essay format, critically evaluate the above statements. Key questions that your essay could address are: i.) What is machine learning? (Bear in mind that there are various definitions of machine learning. Students could discuss these various definitions or choose one and discuss why they believe that this definition is authoritative) ii.) Does Xero use machine Learning? (Some have argued that some companies say they use new technologies such as AI and machine learning but this is not actually true. That is some companies use these terms as marketing techniques. Is this the case for Xero?) iii.) How does Xero use machine learning? Provide examples using your own experience using Xero. For instance, working with the Xero links during this unit. E.g. Xero Live Electrical iv.) Do you believe that machine learning and other emerging technologies used by Xero will replace human bookkeepers? v.) As an aspiring accountant how does the increasing automation of accounting make you feel? (Does it make you afraid that your job might be replaced by a computer? Are you not afraid because you’re confident with your computer skills?) The questions are indicative and not exhaustive. You also don’t have to address all these questions. These questions are merely meant as guides. Feel free to interpret the questions in a manner that you believe best reflects the key themes of the essay being technology, automation and change. It is expected that essays should be within the range of 1,500 to 2,000 words. The essay must be properly referenced. Harvard and APA referencing styles are encouraged. The essay is to be submitted as either a Word or PDF document on the same link as the PDF certificate and video in Part 1 of this assignment: Assignment 3 Dropbox link A rubric for the essay can be found on the next page https://mylo.utas.edu.au/d2l/le/content/420829/viewContent/4000846/View https://echo360.org.au/media/fabb9b78-652c-4770-9bed-4c945c72b9c7/public https://echo360.org.au/media/2f1ba830-c5a3-4ecd-9756-db24493b5498/public https://mylo.utas.edu.au/d2l/lms/dropbox/user/folder_submit_files.d2l?db=128339&grpid=0&isprv=0&bp=0&ou=420829 https://mylo.utas.edu.au/d2l/lms/dropbox/user/folder_submit_files.d2l?db=128339&grpid=0&isprv=0&bp=0&ou=420829 3 Assignment 3 Rubric Criteria % Expert Proficient Apprentice Novice Integration of knowledge 20 The essay demonstrates the student fully understands and has applied concepts learned in the unit. Concepts are integrated into the student’s own insights. The student provides concluding remarks that show analysis and synthesis of ideas. The essay demonstrates that the student, for the most part, understands and has applied concepts learned in the unit. Some of the conclusions, however, are not supported in the body of the paper. The essay demonstrates that the student, to a certain extent, understands and has applied concepts learned in the unit. The essay does not demonstrate that the student has fully understood, and applied concepts learned in the unit. Topic focus 15 The topic is focused narrowly enough for the scope of this assignment. A thesis statement provides direction for the essay, either by statement of a position or hypothesis. The topic is focused but lacks direction. The essay is about a specific topic, but the student has not established a position. The topic is too broad for this assignment. The topic is not clearly defined. Demonstration of Xero understanding 30 The essay demonstrates the student’s deep understanding and engagement with the relevant aspects of Xero to answer the essay question(s) through the use of excellent examples from Xero to illustrate their points. The essay demonstrates that the student for the most part, understands and has engaged with the relevant aspects of Xero to answer the essay question(s). However, the examples did not demonstrate a deep understanding of Xero. The essay demonstrates that the student, to a certain extent, understand and has engaged with the relevant aspects of Xero to answer the question(s). Most of the examples were not relevant to the essay question(s). The essay demonstrates that the student does not understand Xero as the student has not used any examples from their work/practice with Xero. Cohesiveness 15 Ties together information from all sources. Paper flows from one issue to the next without the need for For the most part, ties together information from all sources. Paper flows with only some Sometimes ties together information from all sources. Paper does not flow – disjointedness is Does not tie together information. Paper does not flow and appears to be created from 4 headings. Student’s writing demonstrates an understanding of the relationship among materials obtained from all sources. disjointedness. Author’s writing demonstrates an understanding of the relationship among material obtained from all sources. apparent. Student’s writing does not demonstrate an understanding of the relationship among material obtained from all sources. disparate issues. Headings are necessary to link concepts. Writing does not demonstrate understanding any relationships. Spelling & Grammar 10 No spelling &/or grammar mistakes. Minimal spelling &/or grammar mistakes. Noticeable spelling & grammar mistakes. Unacceptable number of spelling and/or grammar mistakes. Sources 5 More than 5 current sources, of which at least 3 are peer reviewed journal articles or scholarly books. Sources include both general background sources and specialized sources. Special-interest sources and popular literature are acknowledged as such if they are cited. All web sites utilized are authoritative. 5 current sources, of which at least 2 are peer-review journal articles or scholarly books. All web sites utilized are authoritative. Fewer than 5 current sources, or fewer than 2 or 5 are peer-reviewed journal articles or scholarly books. All web sites utilized are credible. Fewer than 5 current sources, or fewer than 2 of 5 are peer-reviewed journal articles or scholarly books. Not all web sites utilized are credible, and/or sources are not current. Citations 5 Cites all data obtained from other sources. Appropriate citation style is used in both text and bibliography. Cites most data obtained from other sources. APA citation style is used in both text and bibliography. Cites some data obtained from other sources. Citation style is either inconsistent or incorrect. Does not cite sources.
Answered 5 days AfterMay 23, 2021

Answer To: 1 BFA504 Semester 1, 2021 Assignment 3 Weighting 30% Due Date 7th June 2021 @ 11.59PM Individual...

Riddhi answered on May 25 2021
146 Votes
Answer to Part 2 –
Machine learning is a type of intelligence used by the software also known as artificial intelligence which shall aid the work to be performed wherein the role of skilled labor could be reduced. Artificial intelligence could also apply at various occasions like for e.g. If you have added a product i
n the cart of amazon but not yet purchased so it will keep displaying in the advertisement section on the browser in the form of re-marketing. Machine learning is a method of analysis of the data which automatically builds the analytical model. Machine learning uses artificial intelligence which assist in understanding the data and based on the regular patterns it makes decisions that requires minimal human support. Machine learning is an application that automatically improves the customer experience based on the patterns added. It is an effort of machines working like humans and act in a similar manner. Machine learning has the capability of preparation of data, basic and advanced algorithms, automating processes, ensuring scalability and to ensemble various models together. In case of machine learnings various test are conducted to ensure that they are free from error. Machine learning programs have the quality of improving performance on its own without any additional support or program with the help of inbuilt additional intelligence. The focus of machine learning is to develop programs that can assist in accessing data and learn the new things on its own based on the task performed. The method of learning for the programs is by observing the processing of data and patterns of the data and help in taking better decisions without the intervention of human. The method of machine learning algorithm is of two types which is supervised and unsupervised. Supervised shall apply the learning of the past in the new data and unsupervised shall used when the description or label of the data is missing, and it figures out from the old data and it is grouping the labeling of the data.(Cai, C. W., Linnenluecke, M. K., Marrone, M., & Singh, A. K. (2019). Machine Learning and Expert Judgement: Analyzing Emerging Topics in Accounting and Finance Research in the Asia–Pacific. Abacus, 55(4), 709-733.)
Xero uses machine learning which shall assist in avoiding duplication of data, avoid errors that are repetitive in nature and assures the feature of data accuracy. The objective of Xero in keeping the accounting simple and accurate by introducing machine learning is so that the business owners can focus more on increasing the business growth and not worry about accounting. After the acquisition of Hubdoc, the company is quite certain that they will be able to perform all the operations faster and more accurately. Further, they are working effectively on utilizing the capabilities of machine learning which will assist in extracting the data in the form of different financial reports which shall save lot of time of customers and review of data analysis and report shall be available on real time basis. The process involves capturing the data, coding, and extracting the data and to ensure that workflow is followed regularly. As a feature of machine...
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