Technological evolution has become a norm in modern reality for businesses and individuals who use information systems to support their operational activities. The technological evolution changed accounting practices, starting from the analysis of the traditional model and trying to determine future trends. From data input to consolidation and reporting, accountants$$ function and operations are dissected in order to identify to what extent the development of new concepts, such as cloud computing, cloud accounting, real$-$time accounting or mobile accounting may affect the financial$-$accounting process, as well as the challenges that arise from the changing environment.

Akuzik Ltd$,$ is a family$-$owned business operating within the agriculture sector. The company was formed in $2019$ to focus on value addition of farm produce. The farm produce is quarterly harvested from their irrigation farms across the country. The Akuzik farms are popular due to their superiority in propelling farm and production operations using solar energy.

Akuzik Ltd manufactures exotic juice from raw fruits and sell the juice internationally through their website. The customers are expected to create a web$-$based account to purchase and access loyalty discounts. Akuzik Ltd use such an opportunity to collect customers$$ preferences and buying behaviours data.

Since, $2019$ the company has been experiencing significant growth in revenue and local market share. As of November $2021,$ their website had over $2\mathrm{.}9$ billion worldwide customer accounts. Every month about $14$ million new customers open their web$-$based accounts.

The customers with accounts are given an opportunity to express their preferences through $$likes$$ feedback. Every minute this web$-$based feedback generates over $4$ million $$likes$$ and in total these $$likes$$ creates over $4$ petabytes of new data every day. Akuzik Ltd uses sophisticated analytical tools to measure this data to create detailed insight into the activity of its website users. This allows their sales team to target specific audiences using precise segmentation tools. In addition to analysing this internal data. Akuzik Ltd also has the capability to identify other websites that a user has visited by tracking cookies located on their individual device. Computer IP addresses and mobile phone tracking technology can even identify a user$$s location.

Akuzik Ltd has its head office and main warehouse situated in the centre of the capital city. This head office supports its area branches; a branch consists of an area office, farm and warehouse. The branches are spread geographically throughout the country; a total of seven area branches are supported.

Currently each Akuzik Ltd area office, farm and warehouse supports and supplies its own customers with the required juice orders. When branch stocks become low, they place a Required Stock Form $($RSF$)$ with the head office. On receipt of the RSF$,$ head office despatch the juice from their central warehouse to the appropriate area office. When the central warehouse becomes low on any particular juice $($s$).$ Akuzik Ltd would raise outsourcing purchase orders and send them to one of its many smallholders $$out grower $$farmer suppliers. Typically, each area office has its own accounting recording system $($including the stock recording system$),$ running on locally networked personal computer systems $($PCs$).$ RSFs are emailed to head office.

Number of employees have increased from $600$ to $3,000$ in the last two years

and business has projected that the trend of growth will continue in the future, to meet the increasing demand. Hence, significant increase in the number of employees is anticipated. A careful estimate suggests that around $25,000$ employees will be working for the company in the next three years. Required

You are required to write a $2000-$word report for the Directors of Akuzik Ltd$,$ which should include the following:

Task $1$ Explanation on the importance of Accounting Information Systems in business organisations for effective decision making

Task $2-$ Describe how accounting information systems facilitate the business operations and transactions in big data business environment

Task $3$ Assessment on how the introduction of an ERPS could impact the role of management accountants with Akuzik Ltd

Task $4$ Evaluation on potential security issues in contemporary accounting information practice: cybercrime, data protection and online fraud.