ACCT Discussion week 7

Week 7 Discussion 1

• Imagine you are a consultant hired to convert a manual accounting system to an automated system.
• Suggest the key advantages and disadvantages of automating a manual accounting system.
• Identify the most important step in the conversion process.
• Provide a rationale for your response.

Week 7 Discussion 2

• Employee theft is a major problem in the U.S. retail industry. Information obtained from SecurityInfoWatch reported that twenty three (23) major retailers alone apprehended over 1.1 million shoplifters and dishonest employees, and recovered more than <89 million from these thieves in 2012.
• Watch J. Farrell's video titled "Prevent Employee Theft in Your Business":    https://youtu.be/x8OHUCMtgMM
• Analyzing the information contained in the video, identify at least four (4) internal controls effective in mitigating employee theft and / or fraud.
• Provide at least two (2) examples of internal controls that could be implemented to reduce theft in the U.S. retail industry.
• Provide support for your answer.