UKAI2023 - Current Issues of Accounting Information System & Fourth Industrial Revolution - Accounting Assignment Help

Assignment Task

OBJECTIVES

The objectives of the assignment are as follow:

• To familiarise students with the current issues in accounting information system.
• To build and instil teamwork skills.
• To apply student-centred learning approach.
• To develop students’ analytical, interpersonal, written and presentation abilities.

A related development that accountants should be aware of is Industry 4.0 or the fourth industrial revolution. Industry 4.0 is in an embryonic stage at present but is set to change the way professionals and organisations do business. The emerging technologies are transforming the accounting industry and changing role of the accountants.

Each group are required to pick a topic from the following issues:

• Big Data/Data Analytics
• Cloud Computing
• Blockchain
• Artificial Intelligence
• XBRL (eXtensible Business Reporting Language)
• Continuous Auditing

From the topic selected above, students are required, to explain the following: 

PART I

• Describe the above topic.
• Discuss how the above topic changes the accounting and auditing environment.

PART II

• Does the implementation of the above technology creates an opportunity for fraud?
• In your opinion, does the above technology create opportunities or threats to accountants and auditors?

PART III (PRESENTATION)

Students are required to present their findings in the tutorial class, one week after the submission of assignment. Please submit your slide presentation together with presentation cover and marking scheme (Appendix III and Appendix IV). 

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