ACC340 Week 3 Individual – Accounting Information System

ACC 340ACC 340 Week 3 Individual Assignment – Accounting Information Systems Simulation Summary:Complete the simulation “Accounting Information Systems” located on the e-resource page for this course and write a 500-700-word summary answering the following questions and make recommendation as the CFO of Ramos. a.What are the advantages of having the same person performing multiple activities in a particular process? What are the disadvantages? What are your recommendation and why ? b. Where would you draw the line between cost benefit analysis and accuracy of records? c. What are your recommendations on updating the payroll system and why? What is the cost benefit in doing so ? d. How would prioritization affect Ramos International’s expected loss over the current year ? In what order would you prioritize the assets and why ?