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What extent should user possess accounting expertise

Assignment Help Financial Accounting
Reference no: EM13687518

Part 1: Accounting Proficiency

Peachtree requires the user to have some knowledge of computers and accounting applications. However, it may not be feasible for every company to have an accountant that is also a computer expert. In this respect, discuss the following questions:

• To what extent should user possess accounting expertise to be effective?

• To what extent should user possess computer expertise to be effective?

• If the user does not possess accounting expertise, what are some ways to mitigate this weakness?

Part 2: Internal Controls

Internal controls and segregation of duties are both practices used by businesses to prevent and control unethical behavior. Use the South University Online Library or the Internet to research how businesses prevent or control unethical behavior. Based on your research and understanding, answer the following questions:

• What are the internal controls that should be in place in the computerized environment?

Segregation of duties helps is an important element of internal control. How does this relate to the computerized environment?

Reference no: EM13687518

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