Accounting information system

“management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy” (para. 1). In other words, management accounting focuses on the information that is needed by internal users (Horngren, Harrison, & Oliver, 2012). Therefore, internal users will apply management…

were some of the highest, investing in them was deemed the safest, and everybody recommended buying their stock. Then a few months later, they were completely gone. How did a company as big as Enron became bankrupt at its peak? Similar to their accounting practices, by doing the improbable. Motivated by the amount of money he could make because of deregulation or having the government not meddle with energy prices, Kenneth Lay founded Enron as a gas company in 1985 (Enron). Lay was an advocate…

Enron, founded in 1985, due to the merge of two major gas pipeline companies, Houston Natural Gas and IterNorth, which was an Omaha based company (Ferrell, Fraedrich, & Ferrell, 2013). Ken Lay was the CEO of Houston Natural Gas, became Enron’s CEO and chairman within the next year that Enron was founded. Enron provided products and services that were related to electricity, natural gas, as well as communications for retailers as well as wholesalers. During the 90’s, Mr. Lay, along with Mr.…

job costing with process costing. Job costing, according to Heisinger and Hoyle (2012) is a “system of assigning costs used by companies that produce unique products or jobs” while on the other hand, a process costing is a “system of assigning costs used by companies that produce similar or identical units of product in batches employing a consistent process” (p. 242). In other words, in a job costing system, a company can accumulate production cost to a specific unit. It is often used by…

largest long distance telecommunications company in 2001. However, on June 21, 2002 the aspiring company filed for bankruptcy protection after disclosures displayed accounting regularities. On June 25, 2002, they announced that it had overstated earnings in 2001 by more than $3.8 billion (Lyke & Jickling,…

leading provider of speech and language technology products, solutions, and services to businesses worldwide. Both Microsoft and Intel invested millions in L&H. however, accounting scandals and fraud allegations sent the company’s stock crashing, and forced the firm to seek bankruptcy protection in Belgium and in the US. Selected information was gathered concerning L&H operations: • Consolidated revenue increased 184% from 1997 fiscal year to 1998 fiscal year • Revenue in South Korea, which has…

Invasion of privacy refers primarily to an intrusion into another person’s private life without just cause. As stated above, there are valid reasons why these hidden cameras are useful. I believe that the negative consequences far outweigh the positive ones. First, keeping privacy in this age of video surveillance is a serious concern. In the old days of the television show, Candid Camera, or the most recent version, Punked, unsuspecting people were placed in awkward or embarrassing…

High Performance Work System for an Online University We previously discussed the different aspects of the HRM infrastructure, and how each of the processes intertwine, now we will discuss how combining all the pieces together creates a high performance work system that helps to maximize the workforce’s knowledge, skills, flexibility and commitment towards the organizational goals. In this paper, we will also reveal the key components of the High Performance Work System (HPWS) with the…

The M2M ecosystem is not secured by present information security policy (Lake, Milito, Morrow, & Vargheese, 2014). A research gap is present where current security frameworks fail to address needed protections for next generation systems like M2M. Present frameworks do not adequately consider next-generation threats from a system or device that is non-human driven, which weakens countermeasure implementations and security guideline development (Wash, 2010). There is a lack of sufficient…

The impact of ICTs on social movement in China: Xiamen Anti-PX demonstration. INTRODUCION The past decade has seen the rapid development of information communication technologies (ICTs) in China. For example, “China has become the biggest mobile communication carrier in the world since 2001.” (Jun and Hui, 2010). The advanced communication technology is an important component in the social movements and plays a key role in environmental activism. As Hung Chin-Fu (2013) point out, the civil…