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ACC564 Innovative Technology Strayer University - Document preview page 1

ACC564 Innovative Technology Strayer University - Page 1

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ACC564 Innovative Technology Strayer University

This paper discusses the use of innovative technology in accounting practices at Strayer University.

Emma Thompson
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ACC564 Innovative Technology Strayer University - Page 1 preview imageInnovative Technology1ACC564 Innovative TechnologyStrayer UniversityIn your paper, you discuss various technological advancements that can be incorporated intoan organization’s accounting information system, specifically focusing on the revenue cycle,expenditure cycle, human resource cycle, and financial reporting systems. Evaluate thepotential benefits and challenges of implementing these technological changes across theseareas. Additionally, explain how an organization can effectively manage employee resistanceto change while balancing the need to stay competitive with technological advancements.Word Count Requirement: 900-1,200 words
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ACC564 Innovative Technology Strayer University - Page 3 preview imageInnovative Technology2Running Head: INNOVATIVE TECHNOLOGYInnovative TechnologyAngalo, MubarakStrayer UniversityACC564March 2013Instructor: Dr.Daniel AcheampongIntroductionThe organizations around the world need to make sure that, they incorporateinnovations in various areas within the organization. The areas in which, innovation needs tobe there in the areas such as revenue cycle, expenditure cycle, human resource / payroll cycleand the financial reporting / general ledger system. The organization also needs to incorporatecontrols in the accounting information system in all these areas. It is expected that, theemployees may resist the changes, therefore, the organization needs to ensure that, it has theprocedures to ensure that, the employees accept the changes. The organization also needs tomake the decision regarding the fact whether, it should be aggressive or cautious in makingchanges in its accounting information system.Technology Changes in Revenue CycleThere are few technological changes which can be incorporated into the revenue cycleof the organization. The first change will be the incorporation of the mobility solution. Thisparticular solution will help will help the customers have the information availableto them attheir mobile devices (Hall, 2012).The second technological incorporation in theorganizational revenue cycle will be regarding the ICD-10 transition software. This particular
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Document Details

University
Strayer University
Course
ACC 564
Subject
Accounting

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