his, and a fictitious person. No documentation was provided for any of the loans. The loans were in low amounts that they would not be flagged by internal auditors or his employees. An AIS would have been useful in catching this fraud. An Accounting Information System (AIS) has
How would International Financial Reporting Standards affect the quality of Canadian accounting information? INTRODUCTION Globalization has a great impact on today’s economy. The differences of accounting regulations and practices in various countries have become a noteworthy obstacle to globalization and economic development. International Financial Reporting Standards (IFRS) mitigates global business barriers. In order to adapt to the increasingly global business environment, public companies
Which control(s) would best mitigate the following threats? A. The time worked field in a payroll transaction record contained the value 400 instead of 40. As a result, the employee received a paycheck for $6,257.24 instead of $654.32. -Conduct a check between fields, separating the salaried and hours and minutes fields. -Conduct a limit check to ensure that the minutes do not exceed the predetermined value of 60 and hours don’t exceed a predetermined value. Regular hours-worked field in weekly
www.ccsenet.org/ijef International Journal of Economics and Finance Vol. 4, No. 2; February 2012 The Impact of Accounting Information on Stock Prices: Evidence from the Athens Stock Exchange Michalis Glezakos University of Piraeus, Department of Insurance and Statistics 80 Karaoli & Dimitriou, 185 34, Piraeus, Greece E-mail: migl@unipi.gr John Mylonakis (Corresponding author) 10, Nikiforou str., Glyfada, 166 75, Athens, Greece E-mail: imylonakis@vodafone.net.gr Charalampos Kafouros M.A
Introduction Ethical issues involving information accounting is a part of doing business and a large part of personal human ethics. Accounting ethics refer to codes or moral systems used to determine right and wrong in accounting. Accountants have a challenge with the arrival of information technology to observe business ethics in the field of accounting. Technology needs to be appreciated and used by accountants in the most important ways to improve efficiency, regulatory compliance, enhance
To: Director, ABC Construction Company From: David Jones Date: 14th October 2014 Subject: Enterprise Wide Accounting Information System An Accounting Information System (AIS) is a system that collects, records, stores, and processes data to produce information for decision makers. (Hoggett J., 2012) Accounting software began with programs written to automate common, repetitive bookkeeping transactions for businesses but now over the time it have become increasingly sophisticated and customized for
area; it also indicates how the current thinking in this research field has evolved and helps to identify the contribution of this topic in relation to previous work done in the area. THEORETICAL FRAMEWORK The main field of study is on financial accounting and reporting. Hence, for the phenomena being investigated, the researcher will employ one of the most commonly used frameworks for this purpose, namely the decision usefulness theory. Other lenses could have been used such as accountability theory
Accounting Information Systems Research Paper Abstract The Sarbanes-Oxley Act of 2002 (SOX) was enacted into law in 2002 in the wake of corporation financial reporting scandals involving large publicly held companies. SOX instituted new strict financial regulations with the intent of improving accounting practices and protecting investors from corporate misconduct. SOX requires corporate executives to vouch for the accuracy of financial statements, and to institute
The Research of Cloud Based Accounting Information System in Business INTRODUCTION Nowadays, many organizations adopting cloud based accounting information system (AIS) to handle their business. It helps them accomplish their business goals faster and better. In this research paper, it will firstly explain what the cloud computing is and its functions. Then it will introduce FreshBooks-an cloud accounting software. Thirdly, it will analysis the challenges and benefits of cloud based AIS in detail
Accounting Information and Predicting Financial Performance: Accounting information can be useful in order to help predict future performance in the short and long term. It is important to note however that accounting information including accounting ratios show a company’s performance at a period in time. It is historical data. Trends can be identified by comparing data in sequential periods and future forecasts can be determined using historical data. There is no evidence or proof however, that