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Entrepreneurial Finance

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter12: Professional Venture Capital

Section: Chapter Questions

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Answer the Below Question
A company is considering whether to adopt a new accounting software system.
Discuss the potential benefits and challenges of implementing new accounting
software. What factors should the company consider when selecting a software
system? How can the company ensure a successful implementation and minimize
disruption to its operations?

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Case study: accounting
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.
Provide answer
Describe a startup Accounting Firm's IT needs, how much it will cost, and how will they implement them. Will the startup Accounting Firm have a web presence, and if so, what functionality will it include? Will the startup Accounting Firm handle their IT requirements "in-house" or outsource to IT consultants? Explain the Accounting Firm's decision.
In the rapidly evolving technological landscape, how can companies ensure that their chosen computerized accounting systems are scalable to accommodate business growth and adaptable to emerging technologies? What considerations should organizations take into account to future-proof their accounting systems against technological obsolescence and changes in regulatory requirements?
A company has recently acquired another company and is in the process of integrating the two companies' accounting systems. Discuss the challenges associated with integrating accounting systems post-acquisition. What are the potential risks of not properly integrating the systems? How can the company ensure a smooth transition and maintain the integrity of its financial data?
Question 1: What Would Your Accountant Say? The chief executive officer of a business start-up wants the firm to acquire an accounting information system. In response to this request, the firm’s purchasing officer stated, “We should put out bids for an AIS and select the least expensive bid that comports with our existing hardware.” You are the chief accounting officer for the company and your strongly disagree with the purchasing officer's plan. Why?
Enter the letter of each system principle in the blank next to its best description. A. Control principle C. Compatibility principle E. Cost-benefit principle B. Relevance principle D. Flexibility principle 1. The accounting information system helps monitor activities. 2. The accounting information system conforms to the company’s business activities. 3. The accounting information system changes in response to technological advances and competitive pressures. 4. Affects all other accounting information system principles. 5. The accounting information system provides timely information for effective decision making.
Please answer multichoice question in photo
THEORY PROBLEM Explain why accounting students should study Accounting Information Systems? Explain the Value Chain and also explain how Information Technology plays an important role in the Value Chain. Briefly describe the types of users of the SIA and what are the benefits of the output of the AIS for their work or profession? One of the characteristics of useful information is that it must be timelines and complete. Which is more important, timely but incomplete information, or complete information, but too late? Give an example! Briefly describe the purpose of internal control and provide an example of an internal control application for that purpose!
Indicate whether each of the following statements is true or false. 1. When designing an accounting system, we need to think about the needs and knowledge of both the top managers and various other users. 2. When the environment changes as a result of technological advances, increased competition, or government regulation, an accounting system does not have to be sufficiently flexible to meet the changes in order to save money. In developing an accounting system, cost is relevant. The benefits obtained from the information disseminated must outweigh the cost of providing it. 3. >
Analyse the system requirement for accounting software for the retail sector. Critically discuss the benefit and possible issues for the proposed system. Give recommendation with reasons to support your selection. Description of the system requirements for accounting software in retail sector. Discussion on the benefit of in-house development for proposed accounting software. Discussion on possible issues of in-house development for proposed accounting software. Recommendation to overcome the possible issues of in-house development for proposed accounting software. Please donot provide solution in image format and it should be in step by step format and provide solution asap

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