the legal ethical and technological conerns paper

I suspect that most of us can view and appreciate most sports such as baseball, football, and basketball. What if you were to view a Cricket World Cup game? If you didn’t know the rules you probably would not have much fun. The same happens in business if you don’t understand its language – Accounting. What rules impact a business’ Accounting Information System? What types of compliance is required?

The overall process of recording and processing financial events in a business is known as the accounting cycle. The collective process includes ten different steps that begin with analyzing and recording transactions and ending with post-closing and trial balance is prepared. Through this paper it will be explained all the steps with examples of how the steps are implemented in real life business situations.

In today's time the accounting and book keeping ranges from the old way of paper and pen to extremely large accounting data base systems for the major companies and organizations around the world; although either system could be used but

In the modern business today, there is no more manual accounting. Instead a lot of companies and businesses all over the world are trying to use and adapt by having an accounting system that is computerised, less hassle and fast processing.

Businesses of all sizes all over the world are at risk of fraud. Typically, every business has internal controls in place to try to prevent fraud from occurring. However, in 2001 and 2002 the world was taken by surprise by the largest fraud scandals to ever occur within the United States. The Eron, WorldCom, and Tyco scandals caused havoc among employees, businesses, and investors, as investors lost millions of dollars due to the scandals. After the scandals broke loose, investors demanded the United States Congress to make sure something like this did not occur again. Therefore, in 2002, Congress passed the Sarbanes-Oxley Act (SOX) to try to help restore investors’ confidence with future

We all know how important the accounting aspect of any business/organization is. It is basically the most important way to manage finances. Without proper accounting for all expenses and finances, a company and/or organization will definitely have a hard time being financially stable. In this paper we will discuss some foundational accounting principles and terminology

In the changeable world with dynamic economic situation and fluid market information, corporate decision-making is becoming increasingly difficult for many enterprises. Under these circumstances, executives and managers are expected to be equipped with accurate, related and real-time information and live up to expectations of strong profits and growth (Royaee, Salehi and Aseman, 2012). Accounting and financial information, which is becoming easier to collect and access, is widely employed by decision makers as the main resource of information in the process of managerial decision making. In other words，the primary purpose of an accounting

Accounting is the process charged with the identification, measurement and the communication of economic information in the aim of allowing the desired users in making the correct decisions and judgments. Accounting has two branches depending on the users. Managerial accounting isuseful to core users unlike financial accounting which is more essential to exterior users. Management accounting is, therefore, the identification, analysis, record keeping and presentation of financial and non-financial information for internal use in planning, decision-making, and control. The managerial system not only offers past financial information on transactions, but it also enables the management

As the internal accountant of the European Newspaper Company, I have to perform various financial operations, and I am considered the expert in this field. As we all are faced with preparation for the upcoming government contract bid, we need to have a better understanding of how our company runs the business and issues that we can face if we enter into this contract. It is vital to visualize the actual impact of occupational fraud and abuse in the company. We also need to know how the US government oversees the accounting fraud and abuse and its affect on the company. What

These range from Shareholders who will check on what direction the company is heading, whether it has achieved healthy profits, that it's solvent, the value of the company and possible signs of failure. Other users are the employees, who will want to check the statements to see whether their jobs are safe and see if possible, whether there could be wage and pension increases. This report offers information on operating results and financial conditions of companies to stakeholders as well as to shareholders. Any fraudulent financial reporting of a company like Enron for example would have a widespread and severe impact on employees, business

Specific purpose: To inform my audience about issues with fraud and scandals in business and how employers and employees of organizations can set measures in place to limit, if not eliminate fraud and scandals from occurring.

Financial Accounting Standards Board (FASB) is a seven member board that consists of accounting professionals who establishes and communicates financial accounting and reporting standards known as generally accepted accounting principles (GAAP) in United States. The standards’ quest is to govern the preparation of the corporate financial reports and hence ensuring transparency, credibility and understandability of the financial statements. To achieve these, there is need to set guidelines that create uniformity in the preparation of the statements across the region. In this paper, we will focus on the

Internet is one of the biggest and broadest milestone that the human race has done in this era. It indicates that our world is in a continuous process of searching new things that would give the best experience to every one of us. This innovation is for all of us, even to a child wanting to play an online game. Yes, it is now possible for anyone to interact with the internet. This information highway is useful in many aspect. It could bring and satisfy us in a way of delivering those information in an effective manner.

What is accounting? How many people know the fundamental accounting concepts? Let me explain briefly some to you. Accounting is a system to identify, measure, record and present the information to the users to help to help make evaluations or financial decisions. There are few general rules and concepts in the accounting field. These general rules and concepts are referring to the basic accounting principles and guidelines. From the basic accounting principles and guidelines, there will affect the balance sheet, income statement and financial statements. Let us discuss to the case study “Smart Business”.

Information was always the key word in every aspect of the business world. Especially in today’s very challenging business world the quality of information received, is of vital importance. Accountancy is one of the basic pillars in decision making process and management activities of an entity, as the objective of an accounting system is to provide information about the financial situation, course and performance of a company. The globalization of financial markets along with the shareholders culture, has intensified the phenomenon of falsifying balance sheets and results of operations. A phenomenon that can be said that is as old as the very idea of accounting representation of the financial situation of entities.