Accounting Systems and Accruals

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ygurhf

Business Finance

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Accounting Systems and Accruals"

Please respond to the following:

For this week's Discussion, research the most common threats to a computerized accounting system using the Internet and/or Strayer databases. Be prepared to discuss.

  • Upon examination of the greatest threats to a computerized accounting system, suggest two (2) preventive measures or remedies that protect the system and/or mitigate any negative impacts to the system. Provide a rationale for your response.
  • Your boss is concerned that the company’s computerized accounting system is vulnerable to attack. After reviewing the system, you’re in agreement. Write a brief report (approximately one [1] paragraph in length) of how someone might hack into your systems and commit fraud with the accruals. What major damages to the company’s financial statements could result from such a fraud?”

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Explanation & Answer

please find the atached file. always a pleasure working with you. good bye

Running head: ACCOUNTING SYSTEMS AND ACCRUALS

Accounting Systems and Accruals
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ACCOUNTING SYSTEMS AND ACCRUALS

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A computerized accounting system poses the risk of an individual hacking into the
system and manipulating important information, which could result to misrepresentation of a
company’s overall financial performance, especially if accruals are adjusted. Hacking into
accruals would lead to manipulation of future cash...


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