COVID-19 has generated a crisis for the global economy and markets including Ghana. Stakeholders and financial experts are apprehensive that the spread of the coronavirus will disrupt the smooth operation of many traditional businesses in Ghana. Consequently, some businesses are experimenting with online trading and some companies have asked a number of their staff to work from home, others too are downsizing to stay afloat whilst other companies are investing in computerised accounting information systems.

However, the Board of Directors of Nkwantabisa Company Limited is of the view that investing in information technology such as computerised accounting information system could help the company to stay afloat. On the other hand, the management of the company thinks otherwise: The introduction of a computerised accounting information system could initiate the curtailment of white-collar jobs.

As a computerised accounting student, you have been approached by the Board Chairman of Nkwantabisa Company Limited requesting for a justification of the position of management of the company vis a vis the perspective of the Board of Directors on the introduction of computerised accounting systems.

Required:

Using practical examples, write a letter to the Board Chairman of Nkwantabisa Company Limited addressing both perspectives and making a recommendation on your preferred proposition.

Answer rating: 100% (QA)

The advantages of online accounting during and after Covid19 are numerous Increasing numbers of businesses particularly small businesses are being forced to work from home as a result of the coronavir... View the full answer