Task details Background In the metaverse, users traverse a virtual world that mimics aspects of the physical world using such technologies such as virtual reality (VR), augmented reality (AR), Al, social media and digital currency. The internet is a network of billions of computers, millions of servers and other electronic devices. Once online, internet users can communicate with each other, view and interact with websites, and buy and sell goods and services. The metaverse doesn't compete with the internet - it builds on it. In the metaverse, users traverse a virtual world that mimics aspects of the physical world using such technologies such as virtual reality (VR), augmented reality (AR), Al, social media and digital currency. The internet is something that people "browse." But, to a degree, people can "live" in the metaverse. Based on your group research, answer the following questions. 1. How would you define the metaverse? 2. Explain how the Metaverse enables organizations to create new value through novel business models and new modes of engagement with their customers and communities 3. Discuss how accountants and auditors will be affected by the metaverse? Explain how the Metaverse will be applied to accounting system 4. What will be the changing roles of accountants in decision making, budgeting and control? 5. What companies use metaverses for and why are the big tech companies so interested? 6. Can we apply CVP analysis to the Metaverse businesses? 7. How do Non-Fungible tokens (NFTS) fit into the metaverse? 8. Can we treat NFTS and Metaverse Properties as assets in terms of accounting? 9. Identify future required skills and areas of demand for our skills 10. Discuss what aspects of ethics and regulatory framework should be considered 11. Does the changing world of professional work need a new approach to accounting education? 12. What is your group opinion on the value of studying accounting?