Referencing Styles : APA Length: 750 – 1,000 words Submission method options Alternative submission method Task You work in an accounting firm as a business advisor. The partners of the firm are conservative and advise their clients to use traditional server based accounting information systems (AIS). The firm’s clients are small to medium sized businesses, in a variety of industries including retail and service. Recently a number of your clients have approached you about moving from a traditional accounting system (in- … View More Length: 750 – 1,000 words Submission method options Alternative submission method Task You work in an accounting firm as a business advisor. The partners of the firm are conservative and advise their clients to use traditional server based accounting information systems (AIS). The firm’s clients are small to medium sized businesses, in a variety of industries including retail and service. Recently a number of your clients have approached you about moving from a traditional accounting system (in-house server based or computer based) to a cloud based accounting system. You mention this trend to the senior partner. The senior partner has now asked you to provide more information on cloud accounting systems, in the form of a 750-1,000 word business report that can be distributed to both the partners and clients. You have been asked to do some research and address the following: • Define and explain the differences between a cloud based accounting system and a traditional accounting system • Identify potential risks or limitations in adopting a cloud based accounting system • Based on your findings make a recommendation outlining which size and type of businesses would benefit from moving to a cloud based AIS. Within your business report, present the differences between cloud based and traditional AIS in a table. Your research could include such sources as the professional body articles as well as text books and peer reviewed academic journals. Vendor websites are not considered to be appropriate sources of information for this task. Use APA referencing in your report.With reference to the subject resources, explains the potential risks or limitations in adopting a cloud based AI. Provide a recommendation on which size and type of business would benefit from cloud based AIS. 20 Evaluate the evidence gathered and provide a detailed recommendation based on the relevant risks and benefits of cloud based AIS. With reference to the evidence gathered, provides a recommendation based on the relevant risks and benefits of cloud based AIS. Provides a recommendation based on the relevant risks and benefits of cloud based AIS. Recommendation refers to identified risks and benefits associated with cloud based AIS. Academic writing skills 20 Accurate use of syntax, spelling and punctuation; succinct and effective use of accounting terminology. Correct report format used. APA referencing is correct and consistently applied. Accurate spelling and punctuation; effective use of accounting terminology. Correct report format used. APA referencing is correct and consistently applied. Mostly accurate spelling and punctuation. Correct report format used. APA referencing is mostly correctly and consistently applied. Some spelling and grammar errors. Report format used with some errors or omissions. APA referencing is used with minor errors. Requirements Assignments must be submitted through Turnitin. You need to include your name, student ID and page number in the header or footer of every page of the assignment. Further details about the presentation of your submission are provided in Appendix 1. For this assessment you are required to use APA referencing to acknowledge the sources that you have used. Read Less