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

1. Identify 3 advantages and 3 disadvantages of using cloud-based, not just computerized accounting systems, accounting compared to running software on a company's internal computer network.

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