Discuss the impact business analytics has had and continues to have on business strategy.
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Discuss the impact business analytics has had and continues to have on business strategy. Do not forget to provide in-text citations and cite your reference(s) if information from an outside source is used.
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- Discuss the differences between the revenue cycle activities and operations of a typical "brick and mortar" business as compared to an online business. In your response, do not use the same differences between data flow and system flowchartsFor branding reasons, many business owners prefer to use a: A. collection agency B. fictitious name C. registered agent D. venture capitalist (Please incorrect option explain and correct answer )1. How accounting data analytics benefits accountants? 2. Discuss the risks of analytics in relation to ethics, privacy and potential for errors and misuse. Hello, can you help me out. Thank you!
- Which of the following is false about accounting information systems? A. They provide reports that people analyze. B. They prevent errors and stop employees from stealing inventory. C. They are designed to gather data about the companys transactions. D. They consist of processes that involve input of data from source documents, processing, output, and storage.How do you find UBS Accounting software? What are the users comment of this accounting software (like/dislike/criticism)?Consider the use of Integrated Accounting, as a computerized accounting system. Write a discussion post in which you respond to the following prompts: Under what circumstances would it be in a business’s best interest to invest in and use a computerized accounting system? Are there circumstances in which it would make sense to use a manual system? Explain your answer.
- After finishing your accounting degree, you joined an accounting firm. This is a medium-size accountingfirm with a reasonable range of clients. You are in an engagement meeting with one of your clients, andyour client's management raises some concerns. In particular, the management is concerned that theaudit tests that you perform will disrupt operations. Your client has recently implemented a datawarehouse. The management suggests that you draw the data for analytical reviews and substantivetesting from the data warehouse instead of the operational database. Further, the management pointsout that operational data are copied weekly into the data warehouse, and all data you need are containedthere.Required: Based on the given scenario, outline your response to the management's proposal and mentionany concerns you might have.Which of the following is a risk to the financial statement of a company when it places a purchase order with a supplier? The advantages of PDF files are: A. that they can be securely locked so that the figures cannot be changed.B. that they can be easily manipulated and changed by users.C. the software to produce them is very cheap.D. none of the options are correct. 2. What is information overload? A. The situation where a computer has more information than is needed or is able to be processed in a meaningful way when a computer program is executed.B. The situation where an individual has more information than is needed or is able to be processed in a meaningful way when working through a decision.C. The situation where a computer has more information than is needed or is able to be processed when data storage is taking place.D. The situation where the amount of information exceeds the storage capacity of the brain of a human being. 3. When all data are stored in a central place,…Describe how information reduces risk when you make a personal or work-related decision. What are information rules? How do they simplify the process of making decisions? What is the difference between data and information? Give one example of accounting data and one example of accounting information. List the five functions of an MIS. What are the components of a typical business report? Describe the three types of computer applications that help employees, managers, and executives make smart decisions. What purpose do audits and GAAPs serve in today’s business world? How do the major provisions of the Sarbanes-Oxley Act affect a public company’s audit procedures? What is the principal difference between a balance sheet and an income statement? How are current assets distinguished from fixed assets? Why are fixed assets depreciated on a balance sheet? How does the use of money solve the problems associated with a barter system of exchange? For a business firm, what type of activities…
- Critically explain why online purchase is not safe for the customer. What step do you take to check and the security of the site and the legitimacy of the companies from whom you make a purchase online?Distinguish the revenue cycle activities and operations of a conventional "brick and mortar" company from those of an internet business. Avoid using the same distinctions between data flow and system flowcharts in your answer.Some people believe database technology may eliminate the need for double-entry accounting. This creates three possibilities: (1) the double-entry model will be abandoned; (2) the double-entry model will not be used directly, but an external-level schema based on the double-entry model will be defined for accountants’ use; or (3) the double-entry model will be retained in database systems. Which alternative do you think is most likely to occur? Why?