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the plan, describe the impact of each element. Be sure that the elements address the necessary controls needed to safeguard your firm’s personnel data. Provide specific examples to support your rationale. Week 7 Discussion 2 "General Ledger and Reporting Systems" Please respond to the following: Your firm is planning to move to International Financial Reporting Standards (IFRS) reporting within the next fiscal year. Analyze the risks and rewards by moving to IFRS and the impact that technology will have on the change. Include the advantages and disadvantages of IRFS compared to the Generally Accepted Accounting Principles (GAAP). Provide specific examples to support your analysis. Develop a proposal for migrating your firm to IFRS from GAAP. Discuss how you will educate your users in IFRS. ----------------------------------------------------------------- ACC 564 Week 8 DQ 1 Relational Databases and DQ 2 The REA Data Model FOR MORE CLASSES VISIT www.acc564tutor.com ACC 564 Week 8 Discussion Questions – Week 8 Discussion 1 "Relational Databases" Please respond to the following: