Overview Shah presents 23 best practices to implement and examine how the shape of regulatory data collection process may change in the future through using extensible business reporting language (XBRL).   Read this article before you begin your assignment:   The Road to Making Regulation More Efficient: A Case Study in the Application of Best Practices and Data Standards in Regulatory Reporting. Instructions in which you:   Research an existing small to medium-sized business that does not have an established accounting information system (AIS). Make sure you clearly identify what business line, product type, and market position. Implement at least 5 of the 23 best practices in the reporting process within the organization. Provide details to either enforce existing practices or introduce them if they do not exist. You can select any practices you like. Explain the impact of the best practices you selected on the reporting process. Describe how the best practices align with the XBRL application. Explain how the best practices would impact the business's operations and decision-making processes. Use at least five quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources. This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all supports. Check with your professor for any additional instructions.   The specific course learning outcomes associated with this assignment is:   Propose recommendations for implementing XBRL to benefit a company's financial reporting.

Answer the Below Question A company is considering whether to adopt a new accounting software system. Discuss the potential benefits and challenges of implementing new accounting software. What factors should the company consider when selecting a software system? How can the company ensure a successful implementation and minimize disruption to its operations?

What is the relationship between Accounting and an Accountinginformation system?  • What has happened to the relationship over the years? • What is accounting information?  • Name 4 uses of Accounting Information?  • Use an example to illustrate the difference between data,information, and intelligence?  • Discuss security concerns related to shadow data and businessintelligence technologies.  • Discuss the role of accounting professionals in thedevelopment of shadow data.  System Documentation • What is system documentation?  • Why is it important to know system documentation?  • Explain the 4 elements that makes up the Data Flow Diagrams?  • Give an example of who or when one of these documents may berequired  • What are Flowcharts?  • List an example of an Input/output, processing and storage Symbols  • Differentiate between different types of Flowchart? • If you were a new factory employee on your first day at a vastfactory, indicate which level Flowcharts would be required and •…

Enter the letter of each system principle in the blank next to its best description. A. Control principle C. Compatibility principle E. Cost-benefit principle B. Relevance principle D. Flexibility principle 1. The accounting information system helps monitor activities. 2. The accounting information system conforms to the company’s business activities. 3. The accounting information system changes in response to technological advances and competitive pressures. 4. Affects all other accounting information system principles. 5. The accounting information system provides timely information for effective decision making.

Generally Accepted Accounting Principles (GAAP), area a framework of accounting standards, rules, and procedures that are widely accepted and universally practiced. GAAP provides a standard set of guidelines and best practices for financial reporting, ensuring consistency and comparability across different organizations and industries.    describe  two of the principles/standards under GAAP , what is the importance of these principles/standards.  what is is your pathway and discuss how GAAP may affect companies within your pathway,

Draft a recommendation directed to the CEO explaining the findings, recommendations, and benefits of installing an accounting information system. Make sure you are specific in your recommendations.

Research the topic "data analytics". After completing the research: Describe the understanding of data analytics. Be sure to include its impact on the accounting community and financial accounting specifically. Why does one think it is a major focus of the updated CPA exam?

38. This approach is useful  for compliance reviews  where operators should do what the contract, law, regulation, or procedures documentation requires .It also useful for financial reviews, where accountants  and others involved in record keeping and preparing  financial  statements must adhere to applicable accounting standards. Group of answer choices Cause and Effect Value Stream Map Process Flow Map Force Field Analysis

Describe how information reduces risk when you make a personal or work-related decision. What are information rules? How do they simplify the process of making decisions? What is the difference between data and information? Give one example of accounting data and one example of accounting information. List the five functions of an MIS. What are the components of a typical business report? Describe the three types of computer applications that help employees, managers, and executives make smart decisions. What purpose do audits and GAAPs serve in today’s business world? How do the major provisions of the Sarbanes-Oxley Act affect a public company’s audit procedures? What is the principal difference between a balance sheet and an income statement? How are current assets distinguished from fixed assets? Why are fixed assets depreciated on a balance sheet? How does the use of money solve the problems associated with a barter system of exchange? For a business firm, what type of activities…

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