Question

• Explain the basic role that IT plays in a business environment
• Differentiate the roles and responsibilities of an IT department
• Assess basic IT fundamentals, such as the following:
  • Hardware
  • Software
  • System operations
  • Disaster recovery

How will accomplishing these objectives support your success in accounting and what risks or challenges might an accountant encounter if he or she has not mastered these objectives? Please Explain!

Answer 1

Explain the basic role that IT plays in a business environment
Information technology drives innovation. Even agriculture uses computers. Farmers use computers for production records, financial planning, research on technical issues, and procurement. Information technology fosters innovation in business. Innovation leads to smarter apps, improved data storage, faster processing, and wider information distribution. Innovation makes businesses run more efficiently.

Information technology has created the FOLLOWING changes in business:

· Online shopping is more efficient than shopping in stores.

· Digital marketing is more efficient than high cost newspaper, television, and radio advertising.

· Social networking is more conducive for business than individual calls,

Business that has used IT to its advantage are for the following reason:

· they need more accurate business planning

· they need higher global sales

· they need more systematic management

· They use real time monitoring

· they provide instant customer support

therefore it is hard to imagine long run business growth without Information technology.

Differentiate the roles and responsibilities of an IT department

IT department is capable for the smooth running of our computer frameworks inside the prerequisites, details, costs and timelines.
T office duties include:
• Plan, organize, control and assess IT and electronic information operations
• Carry out the upkeep of gear and back assignments, as well as distinguish and unravel any failures.
• Optimize the utilize of computer program and other frameworks among the representatives of different company departments.
Ensure the security and security of the frameworks of the organization’s clients: meticulously perform backups.
• Manage and dole out accounts and assets to the users.
• Software establishment, setup and update.
• Analysis and assessment of extra IT asset necessities (memory, disk)
• Technical bolster to all parties (questions, bolster, request, occurrence resolution)

Assess basic IT fundamentals, such as the following:
•   Hardware
•   Software
•   System operations
•   Disaster recovery

Hardware refers to the physical elements of a computer. Samples of hardware during a computer are the keyboard, the monitor, the mouse and therefore the processing unit However, most of a computer's hardware is inside the pc case.

Software may be a collection of instructions that enable the user to interact with a computer, its hardware, or perform tasks. Without software, most computers would be useless. For example, without your Internet browser software, you'll not surf the web or read this page. Without an OS, the browser couldn't run on your computer.

Systems Operations refers to a team, within the IT group, which is responsible for the running of the centralised systems and networks.
Systems Operations personnel have 3 main types duty. Firstly they're going to run the day to day procedures for every of the most systems. Secondly, they're going to perform routine housekeeping procedures on the systems, reviewing error logs and responding to any problems which occur day to day. Thirdly, Systems Operations personnel will run monthly procedures which can include the creation of backup copies of all the key data files across the systems.

Disaster recovery is a neighbourhood of security planning that aims to guard a corporation from the consequences of serious negative events. DR allows a corporation to take care of or quickly resume mission-critical functions following a disaster

How will accomplishing these objectives support your success in accounting and what risks or challenges might an accountant encounter if he or she has not mastered these objectives? Please Explain!
By completing the information technology fundamentals, I will have a better understanding of how to manage, process, retrieve and report financial data. Accounting Information Systems processes financial and nonfinancial transactions that have direct relation for processing financial transactions. And by completing the Information technology fundamentals, I’ll be able to apply that knowledge of the software, hardware, and system operations alongside the planning, forecasting, and control when working in any area of finance, whether it’s at a private firm or government operated entity. Companies usually have hundreds to thousands of transactions on a daily or monthly basis so the best way to keep track of these financial transactions is the use of information technology such as software is very important for accountants to be ethical and professional at all times and there are so many people depending on the ethical behaviour of accountants and that would be the public, investors, clients, and employees. Accountants are required to comply with laws and regulations and have to act with integrity and free of conflicts at all times. Information Technology is evolving and is used in all walks of life so Accountants need to be to be competent of all the latest technology and resources to better serve their clients. And one area that is important because of the Independence rule is “hosting services” and understanding what would be against the independence rule and how the accountant is held accountable. . And lastly but not least, accountants must have knowledge of the software when working for an entity to make sure that financial data is accurate and that there are policies and procedures for a separation of duties in place to ensure that each accountant is held accountable for any inaccuracies or intentional overstatements of cash flows. The objectives of this course would help me as an accountant in so many ways, from auditing or just working for a company because it’s important to know the systems that you work with on a day to day basis and other systems that are available. Also, understanding what would hold me personally accountable and red flags that I should look out for that would be against the professional code of conduct.
To fully understand your accountability

REFERENCES:
https://class.aiu-online.com/_layouts/MUSEViewer/Asset.aspx?MID=14717019&aid=14717029
https://searchdisasterrecovery.techtarget.com/definition/disaster-recovery
https://www.yourwindow.to/information-security/gl_systemsoperations.htm
https://www.computerhope.com/jargon/s/software.htm
https://searchnetworking.techtarget.com/definition/hardware
http://www.jobs.net/article/cb-214-talent-network-it-the-it-department-what-they-do-vs-what-everyone-thinks-they-do
https://www.uniassignment.com/essay-samples/information-technology/role-of-information-technology-in-business-information-technology-essay.php
: https://www.business2community.com/tech-gadgets/importance-information-technology-business-today-01393380

https://www.business2community.com/tech-gadgets/importance-information-technology-business-today-01393380