ECONOMIE EN BEDRIJFSKUNDE HOVENIERSBERG 24 B-9000 GENT Tel. Fax. : 32 - (0)9 – 264.34.61 : 32 - (0)9 – 264.35.92 WORKING PAPER Internal Auditor’s Perception about their Role in Risk Management Comparison between Belgian and US Companies Gerrit Sarens1 Ignace De Beelde April 2005 2005/304 Department of Accounting and Corporate Finance‚ Kuiperskaai 55/E‚ 9000 Ghent‚ Belgium. Email: Gerrit.Sarens@UGent.be‚ Phone: +32 9 264 35 66‚ Fax: +32 9 264 35 88. Acknowledgment: We appreciate the comments
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FORENSIC ACCOUNTING Introduction Necessity is the mother of all inventions. Yes‚ it is the growing arena of business and surging number of white-collar crimes that have paved the way for the development of Forensic Accounting. According to AICPA‚ “Forensic Accounting is the application of accounting principles‚ theories and discipline to facts or hypothesis at issues in a legal dispute and encompasses every branch of accounting knowledge.” According to The Accountant’s Handbook on Fraud and
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that as a project manager‚ I have been designated to design a new Direct sales and Accounting System for up a coming business “Especially for you Jewelers”‚ or EFYJ. I will be assessing Business benefits‚ explaining the capabilities‚ and giving examples of three (3) possible scenarios. I will attempt to create a Vision Document‚ Activity Diagram‚ and a Use Case Description. SYSTEM DEVELOPMENT When designing any new system special considerations‚ guidelines‚ and specification should be taken into
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Prepared For : Mr. Nelson Title: | Computerized Accounting should completely replaces Manual AccountingPrepared By : Ali H. Al-MuslimID#: 200628620Section# : 05SN#: 02Group#:01Word Count:1‚333 | 10/7/2012 10/7/2012 Table of Contents Table of Contents II Introduction 3 I. Manual Accounting 4 A. Benefits 4 1. Cost effective 4 2. Availability 4 B. Limitations 4 1. Finding Errors 4 2. Time Factor 5 II. Computerized Accounting 5 A. Benefits 5 1. Speed 5 2. Saving
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Introduction There are two based types of accounting measurement to determine the profit. They are cash basis and accrual basis. Business can use either a cash basis or accrual basis to work there profit. However‚ most of the company prefers to use accrual basis instead of others. In this essay‚ I will compare the difference between cash basis and accrual basis on expense and revenue. In addition‚ how can company choose their measurement of profit will also be discussed. Cash basis & accrual
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Journal of Accounting – Business & Management 13 (2006) 39-68 Evaluation of The Effectiveness of Control Systems in Computerized Accounting Information Systems: An Empirical Research Applied on Jordanian Banking Sector Talal H. Hayale* Husam A. Abu Khadra† Abstract The objective of this study is to evaluate the level of Control Systems effectiveness in Computerized Accounting Information Systems (CAIS) that is implemented in the Jordanian banking sector to preserve confidentiality‚ integrity
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between principles-based accounting and rules-based accounting? Almost all companies are required to prepare their financial statements as set out by the Financial Accounting Standards Board (FASB)‚ whose standards are generally principles-based. Recently‚ there has been much debate on whether principle-based accounting would be more efficient than the popular rules-based accounting - especially in response to accounting scandals‚ such as Enron and Worldcom‚ the current way of accounting has been under
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Functions of Credit risk Grading Well-managed credit risk grading systems promote bank safety and soundness by facilitating informed decision-making. Grading systems measure credit risk and differentiate individual credits and groups of credits by the risk they pose This allows bank management and examiners to monitor changes and trends in risk levels. The process also allows bank management to manage risk to optimize returns. Good - (GD) - 2 Strong Bank Very good Financials Very good
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According to Trochim (2006)‚ evaluation is the systematic assessment of the worth or merit of some object. And as defined by Hall (2012)‚ evaluation is the process of systematically assessing the design‚ implementation and impact of programs‚ policies or projects. With these definitions‚ the proponents have defined evaluation as a process of criticizing and assessing the functions and performance of a particular event or object to provide a beneficial feedback. Evaluation process is indeed a help
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Manual versus Computerized Accounting Ever since Lucas Pacioli wrote about and spread the knowledge of double entry accounting in his “Summa di Arithemetica” in 1494‚ modern manual accounting was born (Hendrickson‚ 2007)‚ though manual accounting has existed in many forms since ancient times. In contrast‚ computerized accounting systems are a more modern invention‚ as the first computer was invented between 1943 and 1946 (“Great Events in Accounting & Business History”‚ (n.d.)) and Arthur
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