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Identification and evaluation of new and emerging AIS technologies and processes,

1) A summary of the advantages and disadvantages of the changes brought on by using e-business technologies (B2B, B2C, XBRL) in accounting systems
2) A comparison of similarities and differences between batch and real-time transaction processing
3) An explanation of accounting electronic data interchange (EDI) processes
4) An analysis of the potential use of XBRL in the organization.

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1) A summary of the advantages and disadvantages of the changes brought on by using e-business technologies (B2B, B2C, XBRL) in accounting systems

Using e-business technologies has many advantages in AIS. For example XBRL (Extensible Business Reporting Language) treats financial information as a block of text as in a standard internet page and provides an identifying tag for each individual item of data. This is computer readable. Firm's net profit has its own unique tag. XBRL is used for automated processing of business information by computer software. It cuts out laborious and costly processes of manual re-entry and comparison. Firms can use it to save costs, streamline their processes for collecting and reporting financial information. Consumers of financial data, including investors, analysts, financial institutions and regulators, can receive, find, compare and analyze data much more rapidly and efficiently if it is in XBRL format. However the use of XBRL does not imply an enforced standardization of financial reporting.

2) A comparison of similarities and differences between ...

Solution Summary

The solution identifies and evaluates new and emerging AIS technologies and processes. The advantages and disadvantages of these changes are discussed.

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