Week 1 Discussion ACC1002

ACC340 Chapter 16, Problem 16-11, on page 641: Discuss how emerging technologies, such as the Internet, affect the GL/ BR process. In what ways will organizations have to adapt their business processes to reflect the changes in these external factors?

sibility Mode Print Find The CEO of your company is concerned about cyber security and has asked you to perform a "breach of customer data” risk assessment. Beyond the costs of resolving the technical concerns, a breach of customer data will create potentially several unplanned costs such as: (1) forensic examination; (2) notification of customers and third parties; (3) increased call center costs; (4) public relations costs; (5) legal defense and potential settlements; and, (6) federal or state fines, penalties, and potential required future audits. You worked with the Director of Security to perform the risk assessment and your summary of the risk assessment is the following. The Director of Security believes there is only a 5% chance over the next three years of a breach of customer data. However, if a breach of customer data occurs the 10-50-90 range of impact to the company as measured in net present value is - $100M, -180M, and-250M respectively. The IT organization has suggested…

Question #66:  Lamar LLC is in the process of updating its revenues and receivables systems with the implementation of new accounting software. James Loden, Inc. is an independent information technology consultant who is assisting Tamar with the project. James has developed the following checklist containing internal control points that the company should consider in this new implementation: Will all data entry clerks and accounting personnel have their own PCs with log‐in IDs and password protection? Will different system access levels for different users be incorporated? Will customer orders be received via the Internet? Has the company identified an off‐site alternative computer processing location? Does the project budget include line items for an upgraded, uninterrupted power source and firewall? Required: In a two (2) page response, describe the control purpose for each point presented in the case.

Please Solve In 20mins

N4

https://youtu.be/92mQZwCiP94  How tough it is to figure out the breakeven point ("BEP")?  What reason is the BEP being determined? What role does this play in a business's day-to-day operations? What will it gain from knowing its BEP?

Business 123 Introduction to Investment May I please have the solution for the following assignment? Thank you so much,

Correcting internal control weakness Each of the following situations has an internal control weakness. Upside-Down Applications develops custom programs to customer’s specifications. Recently, the development of a new program stopped while the programmers redesigned Upside-Down’s accounting system. Upside-Down’s accountants could have performed this task. Norma Rottler has been your trusted employee for 24 years. She performs all cash- handling and accounting duties. Ms. Rottler just purchased a new luxury car and a new home in an expensive suburb. As an owner of the company, you wonder how she can afford these luxuries because you pay her only $30,000 a year and she has no source of outside income. Izzie Hardwoods, a private company, falsified sales and inventory figures in order to get an important loan. The loan went through, but Izzie later went bankrupt and could not repay the bank.</p> <p>d. The office supply company where Pet Grooming Goods purchases sales receipts…

10.1a With regards to the Springer's Lumber & Supply case presented in chapter 10, what deficiencies existed in the internal control environment at Springer's? 10.3 One function of the AIS is to provide adequate controls to ensure the safety of organizational assets, including data.  However, many people view control procedures as “red tape” that unnecessarily slow down the process and make them less efficient.  They also believe that, instead of producing tangible benefits, business controls create resentment and loss of company morale.  Discuss this position. Explain what is meant by objective setting and describe the four types of objectives used in ERM. How would you calculate the net benefit (value) of implementing risk responses/controls? How would you determine if the risk responses/controls selected were adequate or if additional risk responses/controls were needed?

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Enterprise Risk Management The table below refers to seven industries. Required: For each industry, provide an example of a business risk faced by companies that compete within that industry. Then, describe an example of a control that could be used to reduce the business risk that you have identified.

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