The purpose of this assignment is to select a step in the accounting cycle that is not currently automated at one of our team members ’ organization. The place of business we have selected is an independent financial brokerage firm‚ LPL Financial. The firm places a strong emphasis on the recruiting of established financial advisors throughout the country. When a financial advisor joins LPL Financial‚ so does their clients. One of our team member ’s works in the transfer department. The transfer
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Assessing risk is a difficult task. In its simplest term risk is the chance of negative outcomes (Hunton‚ Bryant‚ & Bagranoff‚ 2004). There are many types of risk that all business must consider; Kudler Foods is susceptible to at least two. First‚ business risk‚ the likelihood that an organization will not achieve its business goals and objectives (Hunton‚ Bryant‚ & Bagranoff‚ 2004). The most evident business risk that Kudler faces is from new competition. They are currently in a market where
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Barbara F McManus (1999) outlines Aristotle’s view from ‘The Poetics’‚ stating that a tragic hero will “mistakenly bring on his own downfall”. How do Christopher Marlowe’s Doctor Faustus and Shakespeare’s Hamlet characters relate to this? I personally believe that this statement is true‚ as all tragic heroes present to the audience a flaw that they have‚ that will later bring on their downfall. Doctor Faustus and Hamlet are both examples of this. Doctor Faustus is a play by Christopher Marlowe
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References: Pogrob‚ K. & Isenberg‚ G. (1999). Accountants corner: Auditing in a paperless society. Retrieved on the World Wide Web at: http://findarticles.com/p/articles/mi_qa5352/is_199911/ai_n21446282/pg_2/ Bagranoff‚ N.A.‚ Simkin‚ M.G.‚ & Strand Norman‚ C. (2008). Core concepts of accounting information system (10th ed.). NY: Wiley. Hunton‚ J. E.‚ Bryant‚ S. M.‚ & Bagranoff‚ N. A. (2004). Core concepts of information technology auditing. Hoboken‚ NJ: Wiley
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Ghosn‚ Chief Operating Officer‚ Renault-Nissan Joseph Klein‚ Senior Consultant‚ Klein Consulting Bolstering Renault-Nissan April 30‚ 2012 Executive Summary: Renault-Nissan is no longer able to rely on their previous strengths. Nine years after the 1999 alliance we are once again being met with a transforming automotive industry. In order to ensure our place as a future industry leader we must take immediate action. Major trends seem to be concentrating on safety‚ environmental impact and technological
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Two examples are document flowcharts and system flowcharts. A document flowchart traces the physical flow of documents through an organization from the departments‚ groups‚ or individuals who first create them to their final dispositions (2004‚ Bagranoff‚ p. 69). Information Technology function managers are principally responsible for administering the workflow‚ managing the computing environment‚ handling third-party services‚ and assisting users. Therefore‚ proper management of each of these responsibilities
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Businesses have become more competitive‚ consumers are more informed‚ and technology has changed the way the world communicates. Information technology (IT) and the resulting ‘information age’ are continuously impacting every facet of accounting. (Bagranoff‚ Simkin‚ & Strand-Norman‚ 2006) This paper will examine how accounting information systems (AIS) are bringing about changes within the accounting profession. Additionally‚ a variety of technologies and how they affect accounting practices at Exclusively
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designed to mitigate the risks. Furthermore‚ this brief evaluates the internal controls for the AIS. Last‚ this brief addresses other controls‚ outside of the AIS that Kudler’s may need. Identify Risks According to Hunton‚ Bryant‚ and Bagranoff (2004)‚ “business enterprises face a variety of risks‚ including business‚ audit‚ security‚ and continuity risks.” Business risk means the company may not achieve its goals and objectives. A review of Kudler’s strategic plan will help determine
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attestation audit for Kudler’s inventory processes. The auditor would examine the agreed upon controls for the processing of inventory and insure those procedures are followed. How to Conduct Audits An IT audit involves several steps. Hunton‚ Bryant‚ and Bagranoff (2004) suggest following the steps in the audit life cycle: 1. Planning - An auditor must understand the client‚ identify the risks‚ and make proper assessment. During the planning stage‚ the auditor becomes familiar with personnel and work environment
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this is difficult to achieve in practice (Gratton et al‚ 1999.) Discuss why this is the case. Indicate what can be done to ensure that line managers take responsibility for the implementation of HR policies and practices." Human Resource Management advocates the devolution of people management from the Human Resource function to line management. However‚ research shows that this is difficult to achieve in practice (Gratton et al‚ 1999.) Discuss why this is the case. Indicate what can be done
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