Part A requires you to use a cloud based accounting system to process transactions for your client. Provide a 1 page executive summary on whether you believe a cloud based accounting system is a better approach for Goodie Gumdrops when compared to a traditional accounting system located on a computer at their head office. Your executive summary needs to include:
• A concise overview regarding whether you believe a cloud based accounting or a traditional accounting system would be a better approach for Goodie Gumdrops; (0.5 marks)
• Justification for your decision including the benefits and potential disadvantages of each approach; (1.5 marks) and
• A clear recommendation to Goodie Gumdrops regarding which accounting system would be best suited for their business. (0.5 marks)
• Marks (0.5 marks) will be awarded for the presentation of your report, in line with the presentation requirements detailed below.