TABLE OF CONTACT I. PROJECT PROPOSAL 1.1 Cover page……………………………………………………………page 1 1.2 Table of content……………………………………………………page 2 1.3 Introduction…………………………………………………………page 3 1.4 Aim……………………………………………………………………… page 4 1.5 Problem definition…………………………………………………page 5 1.6 Hypothèses……………………………………………………………page 6 1.7 Objective……………………………………………………………….page7&8 1.8 Justifications…………………………………………………………page9&10 1.9 Expectation…………………………………………………………..page11&12 1.10 Conclusion…………………………………………………………
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An employer uses a payroll system to process its payroll. Consequently‚ payroll cannot be processed without a payroll system. A payroll system allows the employer to pay employees on time and accurately‚ plus comply with other statutory regulations. Employers with non-exempt workers‚ those not exempt from overtime pay‚ therefore must keep a record of hours worked for each employee. Any timekeeping system is fine‚ but it should be accurate‚ complete and compatible with the payroll system being used
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Problem Statement The study specifically seeks to answer the following problems in manual payroll process: • Speed in processing payroll tends to be slow. • Prone to mathematical errors that could consume much time than it should and could cause financial or legal trouble. • Tallying of time cards is done manually. • Time consuming in double checking the consistency of all the reports. • Difficult and time consuming in keeping up-to-date in taxes and other deductions.
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Enron: The Smartest Guys in the Room / Lack of Ethics Enron at one time was a Fortune 500 company‚ but in truth it was just a fallacy and a lie for what it truly was‚ an ethically bankrupt company that eventually became a bankrupt company. Henry Taylor‚ a 19th century statesman wrote “Falsehood ceases to be falsehood‚ when the truth is not expected to be spoken”. Enron senior management gets a failing grade on truth and disclosure. The purpose of ethics is to enable recognition of how a particular
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1.What are the main reasons that Enron collapsed? I think the reasons for the collapse are three fold. Firstly Enron’s accounting practices(mark to market accounting- companies estimate how much revenue a deal is going to bring in and state that number in their earnings the moment the contract is signed) Its managements goal was to maintain the appearance of value by always having rising stock prices rather than focus on creating real value for the company. Secondly its reliance on Special
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UNIVERSITY OF NUEVA CACERES City of Naga COLLEGE OF COMPUTER STUDIES 786 ALI AVENUE Co Ltd. PAYROLL SYSTEM Submitted to: Ms. Mclyn Dimaculangan INTRODUCTION Payroll is the sum of all the financial records of salaries of every employee; it also includes the wages‚ bonus and deductions. Payroll plays a major role in every company or establishment‚ because it refers to the amount paid to every employee of that certain company or establishment
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INTRODUCTION Payroll System is an important application that should be used by business of any transactions. This system is a guaranteed way to make sure that the payroll is done on time and in agreement with all the taxing authorities and the salary of the employee. Payroll systems are simple to use and easily affordable. These systems can be programmed to calculate taxes and deductions of each employee’s to specific area. Most systems have a database that can be accessed for updating. Payroll system
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Current issue: Scandals in auditing Enron Scandal 1. Introduction Accounting scandals are political or business scandals which arise with the disclosure of financial misdeeds by trusted executives of corporations or governments. These days‚ not too often‚ these scandals are splashed as headlines across media. Why? Because there are complex groups of stakeholders who might be seriously affected by the scandals. Enron scam was the most remarkable scandal in 20 centuries by their institutionalized
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THE COLLAPSE OF ENRON August 11 2008 [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] FROM PERSPECTIVE OF CORPORATE GOVERNANCE TABLE OF CONTENTS CONTENTS PAGE NO. Introduction 3 Background of Enron 3 Enron Business Model 4 Summary of transactions & Partnerships
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Part B: What role did the CFO play in creating the problems that led to Enron’s financial problems? In order to prevent the losses from appearing on its financial statements‚ Enron used questionable accounting practices. To misrepresent its true financial condition‚ Andrew Fastow‚ the Enron’s CFO‚ takes his role involving unconsolidated partnerships and “special purpose entities”‚ which would later become known as the LJM partnership. Taking advantage from the SPEs’s main purpose‚ which provided
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