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Yulun Song posted a new activity comment 7 years, 10 months ago
1. What are the benefits and risks of out-sourcing?
Benefits: risk-sharing, reducing operational costs, specialized experts, concentrating on core process rather than the supporting ones, IT resources-sharing
Risks: dubious accessibility, loss of personal touch, substandard security protocols, risk of exposing confidential data, hidden costs,…[Read more] -
Yulun Song commented on the post, Week 7 Questions, on the site 7 years, 10 months ago
Sean, Great post. you pointed out the fraud perspective of finance/accounting people. that is true that most frauds happen in finance or accounting side because people care more about money. I think our program is the one good program to recommend us to have business background and then learn IT concepts and other related knowledge. I think that…[Read more]
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Yulun Song commented on the post, Week 7 Questions, on the site 7 years, 10 months ago
2. As we continue to learn about business processes and ERP systems we often discuss financial or account related terms and concepts. How much finance and accounting knowledge should IT personnel supporting business applications know and learn? Explain
IT personnel supporting business applications should know and learn the basic accounting or…[Read more] -
Yulun Song commented on the post, Week 7 Questions, on the site 7 years, 10 months ago
1. As we’ve seen in the P2P and OTC Processes many different often non-financial business functions are involved with ERP system transactions that post to accounting records. If you are responsible for Finance / Accounting controls for your company how would you manage the risks coming from these non-Financial function jobs?
If I were r…[Read more] -
Yulun Song posted a new activity comment 7 years, 11 months ago
“UK Bans Apple Watches in Cabinet Meetings” by Tara Seals, Infosecurity Magazine
The news I read talked about that in the UK, Apple Watches have been banned by government cabinet meetings, because of the concerns that they could be used as listening tools by Russian spies. Many sources claimed that those smart watches have become a major…[Read more]
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Yulun Song commented on the post, Week 6 Questions, on the site 7 years, 11 months ago
Haha. for this situation, I will change the addresses each time as the packages are delivered!
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Yulun Song commented on the post, Week 6 Questions, on the site 7 years, 11 months ago
Exactly, external controls are hard to control because different companies have different way to solve problems if they can not finish the work as they promised.
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Yulun Song commented on the post, Week 6 Questions, on the site 7 years, 11 months ago
Thank you for your response Josh. I think the problem of Fedex is that it thought it can handle based on its system or schedule for Amazon’s large amounts of orders. however, at that time, maybe Amazon actually worried about the shipping as Fedex promised.
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Yulun Song posted a new activity comment 7 years, 11 months ago
What are the sources of Electromagnet Pulse (EMP)? Why is it a physical security threat? How can an organization defend itself against EMP?
An EMP is a high-intensity burst of electromagnetic energy caused by the rapid acceleration of charged parties. The causes could be: detonation of a nuclear bomb, a solar flare, a device intended to cause…[Read more]
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Yulun Song commented on the post, Weekly Question #4: Complete by February 15, 2017, on the site 7 years, 11 months ago
Yes Fangzhou! That will be easier to attack. plus attacking key persons in the organization is really good, cuz they hold more sensitive accounts!
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Yulun Song commented on the post, Week 6 Questions, on the site 7 years, 11 months ago
Yea Priya! you are correct! I ll change my mind to attack the vulnerable accounts and get the authorization access to different sensitive information and data!
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Yulun Song commented on the post, Weekly Question #4: Complete by February 15, 2017, on the site 7 years, 11 months ago
Thank you Fangzhou! That will be easier for attackers to go!
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Yulun Song commented on the post, Week 6 Questions, on the site 7 years, 11 months ago
Good point Priya! You talked about the IT department should help finance department track payments. that is one of our jobs in the future! and maintaining good relationships is also important cuz finance department may lack the ability to play around with customers, rather than sales people, they are talent to do that!
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Yulun Song commented on the post, Week 6 Questions, on the site 7 years, 11 months ago
Agreed! Billing is the most important part for a company cuz a company needs to generate revenues and profits. if the billing system is attached by cyber-hackers, the whole company will be messed up! based on what you said, unexpected payments (delays, bad accounts, damaged) would also be a big concern of a company, cuz people there are waiting f…[Read more]
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Yulun Song commented on the post, Week 6 Questions, on the site 7 years, 11 months ago
Good point Magaly! many small sized companies have weak supply chain problems, allowing cyber attackers to attack. And those companies don’t care about the threats until their warehouses are being attacked! So protecting supply chain in advance becomes very important!
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Yulun Song commented on the post, Week 6 Questions, on the site 7 years, 11 months ago
4. You’ve now seen the entire Order to Cash (OTC) Process. If you were responsible for the controls of this process – what would keep you up at night (e.g. be your area of most concern)? Explain
If I were responsible for the controls of OTC process, third party shipping would keep up at night. During the day time work, I can finish all pro…[Read more]
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Yulun Song commented on the post, Week 6 Questions, on the site 7 years, 11 months ago
2. Who in an organization should care more about the collections process – Finance or Sales? Explain
Finance department should care more about the collections process. Finance department is focusing on collections, and should contact its client’s finance department, and sales department is focusing on how to increase customers and mai…[Read more]
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Yulun Song commented on the post, Week 6 Questions, on the site 7 years, 11 months ago
1. Assume you’re an outside organization with goal to cause negative things to happen to an organization’s Order to Cash (OTC) process. Where would you attack it? Explain Why and How
If I were an attacker of an outside organization, I would attack the process of creating delivery, the reason is that in this process, customers provide shi…[Read more] -
Yulun Song commented on the post, Week 5 Questions, on the site 7 years, 11 months ago
Thank you Binu for supporting! it is true that some methods can solve some problems, but we also need to think about more not creating other big problems! we have to balance the pros and cons and think all consequences in every part!
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Yulun Song commented on the post, Week 5 Questions, on the site 7 years, 11 months ago
correct Fangzhou! Thank you for adding that! more companies will involve more different policies and regulation. if two companies have interrupted, can’t imagine what do they solve the problem with some on-process shipments!
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