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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: From the e-Activity, assess the advantages and disadvantages of the continued use of the traditional relational database and then decide if businesses should be moving toward relational databases in the cloud. Justify your decision and provide specific examples to support your response. Determine whether a company has an ethical obligation to share with external clients that key information about them is being stored in the