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

Web-based application software is a recent trend in business computing. Major software firms such as Oracle, SAP, and NetSuites are running their core products on the Web. Net-Suite Inc. is one of the most popular small business Web-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 Web-based accounting. Also, outline the advantages and disadvantages of Web-based accounting compared to running software on a company’s internal computer network.

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