In what ways do turnkey systems have advantages and disadvantages that you should know about?

Q: Explain the potential advantages  and disadvantages of using CAATs

A: ADVANTAGES OF USING USING CAATs (COMPUTER ASSISTED AUDIT TECHNIQUES) 1. CAATs HELPS THE AUDITOR TO…

Q: Why have re-engineering efforts been made to integrate AIS and MIS?

A: An Accounting Information System (AIS) uses financial data where a Management Information System…

Q: Why can the formal announcement of a new system technique be crucial?

A: Formal Announcement:   Formal announcement in context to a new system technique means to make the…

Q: Explain CMO Mechanics?

A: Collateralized mortgage obligation: It is a financial instrument that raises funds by…

Q: Are computer ethical issues new problems or just a new twist on old problems?

A: Ethics: Ethics can be defined as a conduct adopted by an individual in making the selection between…

Q: How is EDI more than technology? What unique control problems may it pose?

A:

Q: Going beyond just calculating NPV, discuss it qualitatively. What is it used for? Is it a good…

A: Net present value is defined as the difference between the PV of the cash inflows as well as present…

Q: Describe about the DVL methods and what are its advantages?

A: Dollar-value-LIFO: This method shows all the inventory figures at a dollar price rather than units.…

Q: What are the key limitations of an internal control system?

A: Internal Control: A mechanism to maintain the goals of an entity in terms of organizational…

Q: Which of the following is an expected advantage of implementing IFRS?

A: International Financial Reporting Standards, also known as IFRS, basically represents the standards…

Q: What are the computer ethical issues regarding equity in access?

A:

Q: What is the importance of using an isolated environment to perform penetration testing? What are the…

A: Will be explain:

Q: What is the fundamental concept behind the rule of least access? Explain why this is a potential…

A:

Q: What is Monte Carlo simulation?

A: The question is based on the concept of Monte Carlo simulation, the method is based on  stochastic…

Q: What is performance testing and what are its bottlenecks?

A: It examines financial records, individual transactions, and the processes involved in obtaining and…

Q: What are the main costs and limitations of implementing ABC systems?

A: Activity Based Costing: Activity based costing is one of the methods of costing to identify the…

Q: What is the mechanism via which Naics operates?

A: It is about the mechanism via which Naics operates:

Q: Are these good advantages and disadvantages about RRSP’s? What can I include and remove?

A: RRSP or registered retirement savings plan is a retirement savings plan for employees and self…

Q: What are the ramifications of doing a CVP analysis

A: It   is about the ramifications of doing a CVP analysis:

Q: What is Monte Carlo simulation analysis?

A: Answer: Monte Carlo simulation is the methodology used to consider the financial, cost, and project…

Q: Explain how to get the answer to this problem.

A: Equivalent units: When in the product is going to the more than one process then the lots of units…

Q: What are some enterprise system failures?

A: INTRODUCTION: Although a business might be an enterprise, not all companies are enterprises. An…

Q: Which of the following is NOT an advantage ofcommercial software?a. Costb. Independencec.…

A: The software market has infiltrated every aspect of a business or service as technology has…

Q: What are the advantages and disadvantages of  LIFO?

A: Last-in-First-Out: In Last-in-First Out method, the costs of last purchased items are considered as…

Q: Do you think Polytech should be accepted as a new client? Create a PMI chart in analyzing this…

A: Auditing is the official inspection of the books of a company to determine whether they are…

Q: When is a New AIS is needed?

A: AIS is accounting information system is a whole information system which provides information about…

Q: What are the advantages and disadvantages of using MUS? Under what conditions is it best used?

A:

Q: risk management ideas, common reaction strategies, and IT system recovery issues

A: Some of the important risk management ideas are listed below: Keep an eye on changes in your…

Q: What are some suggestions for risk management, typical response tactics, and IT system recovery…

A: Risk management:  A system of people, processes, and technology called risk management helps a…

Q: Blockchain is a technology that?

A: Blockchain ( Chain of blocks ) : It is a system which records the message , text or information in a…

Q: What are some programs that an entrepreneur can use to reduce risk?

A: Businesses use various risk management programs and strategies to eliminate or minimize the impact…

Q: what is technology in your own words?

A: Technology: Making, modifying, employing, and gaining knowledge of tools and machines, techniques,…

Q: Why might firm decide to implement only certain modules in an an ERP system rather than a complete…

A: ERP is a software used by companies in managing their operating activities electronically in a more…

Q: What exactly are the advantages and disadvantages of turnkey systems?

A: Here are the advantages and disadvantages of turnkey systems:

Q: What are the advantages and disadvantages of XERO?

A: XERO is cloud-based software of accounting that suite for small businesses, medium businesses, and…

Q: What are the benefits and drawbacks of FIFO?

A: Introduction: First-in-First-Out:  In First-in-First-Out method, the costs of the initially…

Q: What factors led to the success of SafeSave?

A: The SafeSave payment services is an online platform that provides the facility for the payments for…

Q: Explain how Naics Works?

A: OMB created NAICS as a standard for Federal statistical agencies to use in identifying businesses…

Q: What are the computer ethical issues regarding artificial intelligence?

A:

Q: How can thepayback method be useful?

A: Meaning:   The payback period is the time required to earn back the amount invested in a…

Q: What are some strengths and weaknesses in the  AIS system and ways to improve any weaknesses…

A: AIS stands for Accounting information system which is a method based of computer used through…

Q: What are practical weaknesses of NPO?

A: Organizations are described as business units which are established by the individuals, or group of…