Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Employees in all businesses train for years on ways to obtain efficiency without sacrificing accuracy. Best practices and standardized procedures were once the human employees

Employees in all businesses train for years on ways to obtain efficiency without sacrificing accuracy. Best practices and standardized procedures were once the human employees goals. With the increasing capabilities in business intelligence technology, organizations can turn human best practices into machine-driven processes. By doing so, it is possible to harness the massive quantities of information already contained within an accounting system in a more strategic manner.

As part of the initial process to automate accounting tasks, accounting staff knowledgeable about the organizations operations and conventional methods needed to assess which tasks could be automated and how quickly. For this assignment, you will formulate a mapping plan as if you were beginning the process of accounting system automation for a governmental unit. Utilizing the required reading content on process automation, assess the following and provide support for your response.

  1. What overall considerations do you think you would make in deciding whether or not to automate an organization?
  2. How will you assess a particular task on its ability to be automated?

For the next 3 questions, please create a table in MS Word to summarize your responses with your written response and rationale to follow in the Word document.

  1. Which of the accounting entries covered in this or previous modules would be suitable for process automation? Provide at least 5 along with your rationale.
  2. Which entries could be automated but might require human interaction to review for accuracy? Provide at least 5 along with your rationale.
  3. Which entries are nearly impossible to automate? Provide at least 5 along with your rationale.

Questions 3,4,5 are ones I am stuck on

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Analysis And Decision Making

Authors: David E. Vance

1st Edition

0071406654, 9780071406659

More Books

Students also viewed these Accounting questions

Question

What Makes Machine Learning Projects Unique in HR

Answered: 1 week ago