Polytechnic University of the Philippines Sta. Mesa, Manila College of Accountancy and Finance CHAPTER 1: ACCOUNTING INFORMATION SYSTEMS AND THE ACCOUNTANT Submitted By: Angeles, Jireh Nesamiel L. Carullo, Shery Lyn A. Gutierrez, Joe Mar C. Monforte, Roselyn G. Reyes, Edward Angelo A. BSA 3-9 Submittes To: Prof. Leandro Cruz Fua WHAT’S NEW IN ACCOUNTING INFORMATION SYSTEMS? Cloud Computing—Impact for Accountants According to Ron Gill, cloud computing is a way of
Words: 2839 - Pages: 12
Global Economy News： U.S. Tells Berlin To Spend More Url:http://online.wsj.com/news/articles/SB10001424052702303393804579307722825726640?mod=WSJ_economy_LeftTopHighlights BERLIN—The U.S. Treasury renewed its criticism of the German economy's dependence on exports, just as new data showed that the country's trade surplus swelled in November. Treasury Secretary Jacob Lew, visiting Berlin, urged the German government to do more to boost lackluster domestic demand, which the U.S. and others argue
Words: 4940 - Pages: 20
Case Scenario 1: Impact of online shopping on shopping centres in Australia Industry The industry in question is the Australian Shopping Centre industry. Value Chain Value chain is not really relevant as the shopping centre spaces are simply rented out. Industry Life Cycle The industry is currently in the Maturity stage of its life cycle however could be entering into the shake-out stage in as little as 5 years. The figures provided by Mary Meekers suggest that online shopping will account
Words: 2042 - Pages: 9
1. | Question : | Examine this situation: John: "I am thinking of selling my end tables from my living room." Mary: "If you were going to sell them, I would be interested in buying them." John: "Sold." | | | Student Answer: | | ( ) There is a contract and Mary is obligated to buy the tables. | | | | ( ) There is no contract because there was no agreed-upon price. | | | | (X) There is a contract and the UCC can provide a market price as the price for the contract. |
Words: 3764 - Pages: 16
Learning Objectives Chapter 1 1 Distinguish between business and not-for-profit organizations. 2 Identify and describe the factors of production. 3 Describe the private enterprise system, including basic rights and entrepreneurship. 4 Identify the six eras of business, and explain how the relationship era—including alliances, technology, and environmental concerns—influences contemporary business. 5 Explain how today’s business workforce and the nature of work itself is changing
Words: 18153 - Pages: 73
Enablers of Exuberance Jennifer S. Taub Sept. 4, 2009 DISCUSSION DRAFT Enablers of Exuberance: Legal Acts and Omissions that Facilitated the Global Financial Crisis Jennifer S. Taub1 I. Introduction This paper explores certain legal acts and omissions that facilitated the over-leveraging and near collapse of the global financial system. These ―Legal Enablers‖ fostered the boom that enriched a class of financial intermediaries who followed a storied tradition of gambling away ―other people‘s money
Words: 54952 - Pages: 220
Module 1 Introduction to financial risk management (FRM) Financial Risk Management Module 1 Introduction to financial risk management Question 1 In 2009 which organisation posted the biggest corporate loss in US history and in the same month announced staff bonuses in excess of USD 450 million? a. b. c. d. American International Group (AIG). Lehman Brothers. General Motors. Merrill Lynch. Question 2 The Gig, an Australian heavy metal band, has decided to let its fans invest in
Words: 3005 - Pages: 13
vraag “De Amerikaanse autoriteiten zijn een grote boekhoudfraude op het spoor. Volgens de SEC, de Amerikanse beurscommissie, heeft het bedrijf Healthsouth sinds 1999 zijn winst opgeblazen met in totaal 1,4 miljard dollar.” (De Trouw, 2001) “Bernard Lawrence Madoff (1938) is door de FBI gearresteerd voor fraude. Hij wordt ervan beschuldigd zijn klanten met een Ponzifraude voor zo'n 65 miljard dollar te hebben opgelicht via de
Words: 4673 - Pages: 19
Failures by Frederick D. Lipman In order for boards to fulfill their oversight obligations, the organizations they serve must have robust whistleblower and compliance policies and programs to encourage reporting that can help identify risk exposures, fraud, or other illegal activity. This report identifies common pitfalls in many current whistleblower and compliance programs, and it offers recommendations on how audit committees can strengthen them. Government investigations, bankruptcy receiver reports
Words: 4577 - Pages: 19
Chapter 2 THE AUDIT MARKET Revision: 11 September 2012 2.1 Learning Objectives After studying this chapter, you should be able to: 1. Distinguish between different theories of audit services including agency theory. 2. Understand drivers for audit regulation. 3. Understand the role of public oversight. 4. Distinguish between different audit firms. 5. Identify some current developments in the audit market. 6. Portray the series of industry codes of conduct and guidance 2.2 Introduction
Words: 13100 - Pages: 53
