CHAPTER 1 PROJECT IDENTIFICATION PROJECT CONTEXT Transactions are the routine day-to-day activities performed by most organizations. Some are commercial transactions (buying‚ selling products and services‚ paying bills etc.) others involve recording or retrieving data. Most individual transactions are relatively simple‚ but in most organizations‚ there are very large numbers‚ so speed and efficiency are important considerations. Transactions are a fundamental unit of activity in organizations
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educational setting Ethical Dilemmas in teaching Beginning teacher’s worries Ethical Dilemmas in Teaching Ethical Dilemma * Ethical dilemma is a complex situation that often involves an apparent mental conflict between moral imperatives‚ in which to obey one would result in transgressing another. (http://en.wikipedia.org/wiki/Ethical_dilemma) * Conflict between two or more ethical principles/standards. * Also known as moral dilemmas. These are situations in which
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The Department Store Dilemma There are several issues presented in this dilemma. One is about Mary-Alice’s heart condition and the restrictions in the company’s medical insurance program. In order to become a full time worker at Bassfield Department Store‚ the policy states that the employee must pass the physical exam. Due to the fact that Mary-Alice failed the exam‚ the personnel manager Bill Chaves thinks that she should be terminated because it violates the company’s policy. However‚ there
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Online transactions are better than the conventional manual transactions Online transaction or online banking‚ which is a process of entering into transactions by a particular client and the bank using modern technology. Nowadays‚ with modern technology such as computer and mobile phone‚ people can do the online transaction at anytime and from anywhere. However‚ do we really know whether online transaction is beneficial? Even though most people think that online transaction is more risky than manual
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Chapter 1: Introduction 1.1: Introduction to Company: Transaction Processing Systems (TPS) is a software‚ systems‚ and consulting firm specializing in e-banking and e-payment products‚ solutions‚ and services. TPS is e-banking and e-payments solution experts. IT solutions have become increasingly complex and expensive. Too often‚ businesses end up working to support their IT‚ instead of the other way around. TPS has thrived by observing a single mandate: “Take care of our client’s
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Transaction Processing Systems Definition: A Transaction Processing System (TPS) is a type of information system that collects‚ stores‚ modifies and retrieves the data transactions of an enterprise. A transaction is any event that passes the ACID test in which data is generated or modified before storage in an information system Features of Transaction Processing Systems The success of commercial enterprises depends on the reliable processing of transactions to ensure that customer
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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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BUSINESS CASE An Online Registrar Transaction for Form-137 and OTR Requests Xavier University- Ateneo de Cagayan is one of the most prestigious schools in the country. It doesn’t just have high standard education and high status in terms of academic value and but also has high technological competence. It has practiced technology-based transactions for faster and more convenient dealings. In addition‚ Xavier University‚ headed by the University President‚ has five clusters and these are
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Chapter 15 Audit Sampling for Tests of Controls and Substantive Tests of Transactions ← Review Questions 15-1 A representative sample is one in which the characteristics of interest for the sample are approximately the same as for the population (that is‚ the sample accurately represents the total population). If the population contains significant misstatements‚ but the sample is practically free of misstatements‚ the sample is nonrepresentative‚ which is likely to result in
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CONTINUED OPERATION Private Placements ICB is authorized to act as an agent of the issuers and investors for private placements of securities. Under this arrangement‚ ICB places securities to individuals/institutions on behalf of the issuer for which it charges fees. ICB also acquires shares/securities for its own portfolio both in pre-IPO placement and equity investment. Custodian and Banker to the Issues To act as the custodian to the public issue of Open-end & Closed-end Mutual Funds. ICB
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