Case Study: Enron Corporation Accounting Scandal 1. What is Enron Scandal? Formed in 1985 from a merger of Houston Natural Gas and Internorth‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial contracts linked to the value of energy
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YOUR OFFSHORE BACK OFFICE SERVICES Ask Datatech is one of the most popular and leading data entry and back office service providers in India which has great amount of specialization in the field of Data Management online. It is one of the noted data entry service providers in India which is based in Ahmadabad. We strive hard to meet the needs and requirements of all our clients by setting up long standing corporate relationships. We have a huge amount of industry experience which can help
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Accounting information systems Accounting Information system is one of the most vital elements of an organization. Every organization‚ whether it is a profit or non- profit one‚ should maintain an accounting information system. An accounting information system can be termed as a way of keeping track of all the accounting activities in an organization (Dull & Gelinas‚ 2009). This tracking of accounting activities is done through the computer-based methods of accounting. An accounting system comprises
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research project which will design to investigate business usage of acomputerized accounting system (CAS) to ascertain if there are obstacles that prevent businessesfrom migrating to such a system. Two groups of businesses will be surveyed. Those that currentlyuse a CAS and those that do not. The purpose of this comparison is to determine what will the major influences in their decision to use or not use accounting software for their business. A secondaryobjective was to learn more about the influence
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Discussion I. I. Accounting information system is a combination of collecting‚ recording‚ storing‚ and processing data of a business. The advancement of technology initiates business firms to seek for new innovations that would greatly help in business functions. As what Dillon and Kruck (2004) had explained‚ “at the start of the 21st century‚ business organizations are facing an explosion of global competition and innovation and facilitating this explosion is the increasing ability of organizations
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ACCOUNTING INFORMATION SYTEMS Wikipedia: An accounting information system (AIS) is a system of collection‚ storage and processing of financial and accounting data that is used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting statistical reports can be used internally by management or externally by other interested parties including investors‚ creditors and
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On current term where technology and system is information has wented places that so quick‚ have revamped each’’’s transaction processing finance transactions of earlier one manual to process computerised one. This causes a lot of entitas carries on business to have gets to conform to that change. Since that change have made environmentally emulation at any given industry gets competitive‚ where if an entitas not at support by good Information System therefore entitas that won’t get to get long-lasting
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computers are being used by industries‚ companies‚ schools and specially business establishments. They use computer in making their task easier and convenient and to produce a more reliable outputs. Emergence of computers gives a big contribution to business and education. Ever since the computer has enhance the technical knowledge and operation‚ there has been various accessed to the latest information. It helps people to make their task easier with less time‚ from manual to a computerized one.
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An accounting information system is system that keeps record for a business to maintain its accounting system. Accounting information systems combine the study and practice of accounting with the design‚ implementation and monitoring of information systems. The use of such systems uses modern information technology resources together with traditional accounting methods to provide the users with the necessary information to manage their Organisation. Accounting information systems has its strengths
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Accounting System Controls In accounting systems‚ certain controls are needed to ensure that employees are doing their jobs properly and ensure that the system runs properly. These checks are in the best interest of the organization. These controls come in the form of internal and external controls for the system. The internal controls are the checks that are placed in the system my the company ’s own management and directors. Today more and more companies are moving from the manual accounting
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