Discussion 1: 75-150 words
How do the percent of revenue method and the percent of receivables method to estimate uncollectible accounts expense differ?
What are two ways in which estimating uncollectible accounts improves the accuracy of the financial statements?
Assignment: (my company sells Auto Parts)
For this assignment you will look at some of the security concerns for your proposed company and countermeasures you could use to help prevent the risks. Write up a one to two page summary of the needs.
Start by looking at what the company assets that you need to protect. Next looked at who has access to the assets, what risks make these assets vulnerable and methods to make the assets secure. Do not forget about physical security of the assets.
Some items to help you think about coverage include:
- What could you do to protect the web server, communication channels and databases?
- What company proprietary information needs to be protected? Does the company develop new software, patent medicine, copyrighted materials such as training, documents, etc?
- Where do you need to use encryption?
- What should be included in the acceptable use policy for employees, customers, and business partners?
- What about the email system?
- What about workstations, customer computers, etc?