"Why are internal controls and audit trails important in a computerized accounting system" Essays and Research Papers

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    THEORETICAL BACKGROUND Computerized Enrollment System This study aims to come up with an enrollment system for a high school which also includes information pertinent data such as name‚ year‚ section‚ miscellaneous fees‚ etc. This system is design for the use of the staff to enable them to produce information required by different people. The system will make the work of faculty and staff faster‚ easier and more comprehensive. The Enrollment System will also store the data of the students such

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    Computerization is synonymous to the word automation which is the act of implementing the control with equipment with advanced technology‚ which usually involves using electronic hardware. It also implies the replacement of human workers with machines. (http://www.thefreedictionary.com/computerization). Different institutions have been seeking different form of advancements to their current system for better service so that customer satisfaction could be guarantee as a good business customer’s

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    ICC-1 Apollo Shoes‚ Inc. Internal Control Questionnaire Sales Transaction Processing December 31‚ 2007 Objectives and Questions Yes‚ No‚ N/A Comments Environment: 1. Is the credit department independent of the sales department? Yes. Credit manager in Treasurer’s office 2. Are sales of the following types controlled by the same procedures described below? Sales to employees‚ COD sales‚ disposals of property‚ cash sales and scrap sales. No available information‚ apparently not applicable

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    organization may make a company more attractive to potential buyers‚ investors‚ and other capital sources. Under SOX Section 404‚ all publicly traded U.S. corporations are required to maintain an adequate system of internal controls. Corporate executives and boards of directors must ensure that these controls are both reliable and effective. Public Offering The transformation of going from a private to public requires some extensive planning and preparation. It is recommended that LJB‚ being a relatively

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    developed for the better which will make every task easier‚ faster and reliable. This changes can be applied in any field‚ companies or organization whether private or government sectors. Some of these companies are now currently implementing computerized system for the benefit of both employer and employees. Major companies are trying to adapt to the new technologies to improve their management and monitoring. Taking time attendance of each employee should be done in a more advance method. Time is

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    a cinema‚ you go to a library‚ or you go to a bank‚ you will find computers at all places. Computer nowadays is a basic need for businesses or companies. It helps a lot in such a way that it makes work more progressive and productive. It is an important thing that a company of small business should have because it helps a lot in many ways such as organizing‚ storing and manipulating data. Having computer programs may help a company grow bigger and be competitive in the flow of the business world

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    Q1 Definition of ’Accounting Information System - AIS’ The collection‚ storage and processing of financial and accounting data that is used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting statistical reports can be used internally by management or externally by other interested parties including investors‚ creditors and tax authorities. Investopedia

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    FoxPro MS Dos with barcode feature. That is why we came to a point to propose a new system that can help make their work easier and efficient. We want to change their Physical Count Inventory System to a Computerized Sales & Inventory System for easier and fast workflow‚ and can help improve their work like their growth as a company. Purpose & Description Pelts Computerized Sales & Inventory System has the following features: The Sales System this where the main transactions like the sales

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    Quality Systems and Management GROUP ASSIGNMENTS Notes : (i)There are four problems. All the problems carry equal weightage. (ii)The problems are open ended. The group‚ after discussion‚ can make appropriate assumptions about the missing data or missing information. The assumptions of one group may differ from other groups. The assumptions so made should be clearly and elaborately mentioned in the solutions Prob.1 : (Quality Function Deployment) (Chapter 12 + Lecture and Tutorial Material)

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    Kudler’s Internal Controls and Risk Evaluation When first evaluating Kudler’s‚ one will think they have everything need to have successful internal controls and risk evaluation. Unfortunately as you evaluate their information‚ they lack many internal control and risk evaluations need to properly run a system. Many of the controls need to have simple corrections like balance of cash drawers and bank deposit. To writing and enforcing policy and procedure to the finance and accounting security to

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