CHAPTER 1 ACCOUNTING INFORMATION SYSTEMS: AN OVERVIEW Learning Objectives: 1. Distinguish between data and information‚ discuss the characteristics of useful information and explain how to determine the value of information 2. Explain what an accounting information system (AIS) is and describe the basic functions it performs. 3. Discuss why studying accounting information systems is important. 4. Explain the role an AIS plays in a company’s value chain and discuss
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Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
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Second chances you only get one of them one time in your adult life to go back to school. Now that I have to do it right by having my goals in order. I am motivated to step forward to complete my education. This will put me in a better position to get the job I have always wanted. I will have the skills and knowledge to own a successful company one day. By striving for the best and staying focused I will achieve all that my education has to offer. Getting a second chance at my education will take
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types of fraud have occurred since the 1800s. As the economy fluctuates‚ many people and organizations believe they must commit fraud in order to have financial gain. Organizations and individuals must understand fraud and the types of fraud‚ in order to protect themselves. There are professionals trained that have received anti-fraud certification in order to fight against fraud. The anti-fraud professional assist companies and individuals in order to detect fraud. Theses anti-fraud specialists
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The objective of this paper is to prove that the Doctrine of Double Effect (DDE)‚ proposed by Saint Thomas Aquinas‚ is a valid moral principle. It has been concluded that the DDE is a valid moral principle as it allows one to justify whether an action will cause two diverse effects and whether the effects are permissible. It is crucial to establish the validity of the DDE because it has been applied to defend a significant number of contemporary controversial issues (McIntyre). In order to determine
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unsold product. This practice was uncovered by a financial analyst at investment firm Paine Webber‚ who downgraded the value of Sunbeam’s stock. Bill and hold isn’t illegal‚ but Sunbeam’s shareholders felt deceived and filed lawsuits. Sunbeam’s accounting firm‚ Arthur Andersen (later ruined by its involvement with Enron)‚ performed an audit and reported that Sunbeam’s books were accurate and in accordance with federal guidelines. However‚ the board was unsatisfied and hired Deloitte & Touche
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general and its information technology sector in particular when he confessed fraud running into millions of dollars in a letter he wrote to the company’s board of directors (Ramachandran‚ 2009). This report is going to focus on‚ an overview of the events that happened in Satyam‚ its consequences on Satyam’s stakeholders‚ the auditors involved and their role in the scam and the current situation of those responsible for the fraud. OVERVIEW OF EVENTS IN SATYAM FROM 1987-2009 Raju formed Satyam in 1987
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With 11 days and three games‚ including todays match against San Jose‚ left for the Seattle Sounders in June‚ they will be facing it without Captain America‚ Clint Dempsey. The Team USA star and forward fro the Sounders has been suspended by Major League Soccer (MLS) for three games and fined a undisclosed amount of money following an incident in Tuesday’s match against the Portland Timbers. Dempsey did not start in the match against Portland. He entered into the game‚ which was part of the Lamar
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judgment that U.S. citizens can’t really stop. The life chances and opportunities of people of color in the United States are limited as compared to whites ("Race In America" n.pag.). The legacy of historic discrimination continues to weigh on the present; and current day discrimination persists throughout American life-in access to healthcare‚ educational services‚ employment opportunities‚ wage levels‚ capital‚ the criminal justice system‚ and media employment ("Race In America" n.pag.). Racism
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quote: “The dandelions are spreading‚ their bitter leaves pushing up the black earth‚ their white roots forking deep‚ biting hard. Soon they will be in bloom. I will walk home via the river‚ père‚ to observe the small floating city that even now grows‚ spreads across the swollen Tannes.” (Harris 125) Harris uses this metaphor “the dandelions are spreading their bitter leaves... soon they will be in bloom‚” to represent the gypsies and how their presence will cause chaos in Reynaud’s town. I find
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