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.
Discussion 2
• Employee theft is a major problem in the U.S. retail industry. Information obtained from SecurityInfoWatch reported that twenty three 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 internal controls effective in mitigating employee theft and / or fraud.
• Provide at least two examples of internal controls that could be implemented to reduce theft in the U.S. retail industry.
• Provide support for your answer.