Question: Internet-based accounting software is a recent trend in business computing. Major software firms such as Oracle, SAP, and NetSuites are running their core products on

Internet-based accounting software is a recent trend in business computing. Major software firms such as Oracle, SAP, and NetSuites are running their core products on the Internet. NetSuite Inc. is one of the most popular small business Internet-based accounting systems.

Go to the text’s Web site at academic.cengage.com/accounting/warren and click on the link to the NetSuite Inc. site. Read about the product from the site, and prepare a memo to management, defining Internet-based accounting. Also, outline the advantages and disadvantages of Internet-based accounting compared to running software on a company’s internal computer network.

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