information system's components: Data or information is input, processed, and output as information for planning, decision-making, and control purposes. 4. What are effective coding systems used in AIS? 1) mnemonic codes, (2) sequence codes, (3) block codes, and (4) group codes. 5. How do accounting information software packages differ? Owners will have to consider what tasks they'll want their system to accomplish, identify what software package or packages can perform these tasks, and perhaps
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Adelphia Communications scandal By Insert name Insert institution Adelphia Communications scandal Introduction Adelphia Communications Company was a television cable company whose headquarters centered in Coudersport, Pennsylvania. It ranked as the fifth most prestigious cable companies in United States. John Rigas is the founder of the company. The company was highly respected until an infamous scandal ensued following claims of bankrupt in 2002, at which time its headquarters relocated
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Adelphia Communications scandal Matthew Tassin Trident University Ethics 501 Introduction Adelphia Communications Company was a television cable company whose headquarters centered in Coudersport, Pennsylvania. It ranked as the fifth most prestigious cable companies in United States. John Rigas is the founder of the company. The company was highly respected until an infamous scandal ensued following claims of bankrupt in 2002, at which time its headquarters relocated to greenwood Village
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an identity for herself. Catherine’s social identity is also shaped by the professional appearance of other employees in the office. Her involvement in baseball, soccer and picnics with the Company further solidifies this identity. She also joins AICPA and other professional organizations in order to be associated with individuals similar to her. Her social identity is further enhanced when people in these professional organizations are impressed by the fact that she works for LJI. This identity
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The Role of Accounting in the Medical Office By Joy Hicks Medical Office Expert An accounting department plays an enormous role within the medical office. As the backbone of the organization, the accounting department allows the organization to operate at its fullest potential. Without an accounting department, it would be impossible for any type of organization to operate in a cost effective manner. General Accepted Accounting Principles (GAAP) are the common set of accounting principles
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approval of a bank loan b. (3) c. (3) 4-20 a. Violation of AICPA and SEC based on rules of independence, if pre-approved it is okay. b. Based on SOX and SEC rules internal auditing of a public company is prohibited. c. Prohibited under SOX and SEC d. AICPA rules of professional conduct, if pre-approved it is okay. e. With pre-approval it is allowed. Normally prohibited under SOX and SEC. f. According to the AICPA, this is allowed as long as the three requirements are met. 4-21
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As organization affect many people, they have obligations to their employees, consumers, community and the world. They have a responsibility to conduct business in a way that is not harmful and positively benefits as many people as possible. US companies face convergence between US GAAP and IFRS that affecting several major accounting standards. On the other hand, IFRS conversion warrants consideration which already impacting business decisions, and not simply through non-US subsidiaries. IFRS
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Professional ethics Ethics has been defined as the study of moral principles and values that govern the actions and decision of an individual or group. An ethical dilemma is a situation that an individual faces involving a decision about appropriate behavior. Districts involved in making any decisions generally include: 1. Identify the problem 2. Identify possible courses of action 3. Identify any constraints relating to the decision 4. Analyze the likely effect of the possible
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Chapter 1 Ethical Reasoning: Implications for Accounting Ethics Reflection PENN STATE CHILD ABUSE SCANDAL: A CULTURE OF INDIFFERENCE What motivates an otherwise ethical person to do the wrong thing when faced with an ethical dilemma? Why did Joe Paterno and administrators at Penn State University look the other way and fail to act on irrefutable evidence that former assistant football coach Jerry Sandusky had raped and molested young boys, an offense for which Sandusky currently is serving
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foundation of the accounting profession. In order to maintain discipline & order in the professional realm, rules of ethics are not satisfactory enough to ensure the integrity of Accountants. Education and training in ethical matters should be mandatory for Accountants; evaluation and monitoring of their adherence to these rules is climacteric for maintaining standards. Ethical codes of conduct and compliance of these codes should be required in today’s accounting firms for honorability to exist.
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