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WEEK 2 ASSIGNMENT#2 For the Harry & Mae's Case Study, you need to conduct an asset...

WEEK 2 ASSIGNMENT#2

For the Harry & Mae's Case Study, you need to conduct an asset identification and analysis. This is the first step in the Risk Assessment process (you need to know what you have in order to protect it). This means evaluating and listing the company's assets. You need to document the tangible and intangible assets and their real or potential value as provided in the case study. I'll leave the detail level up to you, but suggest you focus on the highest value assets. Include an introductory paragraph to explain your document.


CONDUCT ASSET IDENTIFICATION ANALYSIS FROM THE BELOW INFORMATION (WEB HOSTING, CAMPUS WORKSTATIONS, AND OFF-CAMPUS).

WEB HOSTING:
The Web server is used to host the company’s web site. The site has two parts that are both hosted on the same server, a public part that is available over the Internet using the company’s and a “private” part that is available on the internal network only that is accessible only by using the internal Employees can log into the “private” Web site using their Windows login credentials and view their pay statements, work performance reports, vacation time, and other personal information. The franchise owner in Scranton, PA purchased and uses the domain for customers at his three restaurants. He also has an active Facebook page and Twitter and Instagram accounts. He often runs contest using these sites.
CAMPUS WORKSTATIONS:
The company has over 400 Dell Optiplex 3020 workstations with Windows 7 Professional installed. All computers are joined to the company’s Active Directory domain. These computers are configured for IPv4 only, and IPSec is disabled by group policy. All workstations have Symantec Endpoint Protection installed. About 1/3 of employees have local administrator access in order to install and run applications. The company uses WSUS to update Microsoft applications. There is no standard process for updating other programs. In spite of the new relaxed password rules, some employees still write their passwords down, and they can be found taped to the inside of drawers, on the bottom of mousepads, or on notes stuck to their monitors. The company uses a Web front end for all of its applications, and the workstations are capable of accessing them using Microsoft’s Internet Explorer. IE10 is the company standard. Some employees have installed and use other browsers. Remote users have access to the same applications via the VPN.

OFF-CAMPUS:
The default configuration for new restaurants consists of a high-speed Internet connection supplied by a local provider, a Network Address Translation (NAT) firewall device that includes a wireless access point, an office computer, and two point-of-sale computer systems that include credit card processing software. The WAP router at each store is procured and set-up by the franchise owner. All franchises are supposed to have free Internet WiFi for customers. All computers are Microsoft Windows 7 machines with Norton Antivirus software. All employees have user names and passwords for the system. There have been problems with computers becoming infected with malware because the point-of-sale software can be minimized. Point of-sale computers connect with the corporate headquarters for payment processing using Microsoft PPTP VPN clients on each machine.

Solutions

Expert Solution

Web hosting
Intangible Assets
Company's website/domain
Campus workstations
Tangible
Dell optiplex 3020 400
Add: cost of windows 7 license
Drawers 400 (assumping equivalent to number of workstation)
Mousepads 400 (assumping equivalent to number of workstation)
Monitors 400 (assumping equivalent to number of workstation)
Intangible
Symantec endpoint protection
Microsoft Applications
Internet explorer
PPTP VPN
Directory domain
Offcampus
Particulars
Tangible Assets
WAP router
office computer
Sales computers
Network Access translation firewall device
Intangible
credit card processing software
Norton Antivirus software
Acording to IAS 38, an intangible asset is an identifyable non-monatory asset without physical substance. Such asset is identifyable and separable. Separate assets can be sold, transferred, licensed, etc.
Examples: Computer software, licenses, trademarks, patents, films, copyrights
Windows 7 license windows is an operating system and it is an integral part of computers because workstations can't run without the system and hence, it would be recognised together with the computers so no separate intangible asset would be recognised
WSUS license Annual upgrades do not meet the definition of intangible asset because they are not separable, thus they are expense in profit or loss when incurred
Microsoft applications These are seperable and meets definition of intangible assets, they are not essential to run the computer and hence can be separatel shown as intangible assets
Microsoft internet explorer Internet explorer is a part of windows license

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