Successful AIS Implementation

Successful AIS Implementation

Successful AIS Implementation  Identify three to five (3-4) factors that contributed to the accounting information system failure within the business that you have identified. Indicate the impact to the business. Provide support for your rationale. Avon is an outstanding international beauty company that was founded over 100 years ago and has over 6 million sales representatives. The organizations require a system that fits well with the evolving changes in the beauty world. The accounting information system doesn’t include much utilization of the machines; the machines are just devices in the system. They are not the key drivers during the whole process (Bucker & International Business Machines Cooperation, 2009). The accounting system may be traditional or not genuinely agreeable with the administration system, which may cause system disappointments, as these administrative plans are concentrated around the total disappointments of different firms. Example is Enron and other organizations. The mechanized accounting systems are more valued than the manual accounting systems and the organization may embrace...
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Motivation and Job Satisfaction

Motivation and Job Satisfaction

Motivation and Job Satisfaction Definition of motivation and job satisfaction theories The need theories were put forward by David McClelland. The theories attempt to rationalize how the need for achievement, affiliation and power impact the actions and behavior of individuals especially in management positions. McClelland’s theory stipulates that individuals are motivated by any of the three aforementioned factors regardless of their age, culture, or gender.  In the need for achievement, people prefer working on moderately difficult tasks, are more apt towards the result of their efforts and prefer to obtain feedback about their performance. The need for affiliation drives people to establish and maintain social relationships or identify with particular groups. Lastly, the need for power drives people to control or influence others. Individual differences as a field in psychology examine the differences and similarities in people’s feelings, thinking and behavior. Individual differences strive to explain how people are similar psychologically and also how they vary in terms of their psychological characteristics. The...
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Leader Traits and Effectiveness

Leader Traits and Effectiveness

Leader Traits and Effectiveness Jeffery R. Immelt is the current CEO and chairman of the board of General Electric, an American based conglomerate. He is responsible for implementation of the company’s short term and long term strategies with the aim of increasing shareholder value. Specifically, he is responsible for developing appropriate strategies that can increase the company’s future prospects. As the chief executive officer, his role also involves making day-to-day management decisions. The CEO acts as the liaison between the top management and the Board. He also provides the Board with official communication from the management. The CEO is also charged with providing official communication to all relevant stakeholders such as the public, employees, shareholders, investors and government authorities. The CEO is also responsible for ensuring that the company maintains corporate citizenship and also social responsibility towards the community. Lastly, his role also involves putting internal and external controls or checks that ensure the company operates within its legal mandate. Read more: ...
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Leadership Evaluation

Leadership Evaluation

Leadership Evaluation Provide a summary and overview of the form A performance appraisal form is used to evaluate the performance, personality, strength and weaknesses, and the potential of the staff of a given organization. Leadership performance appraisal forms provide the management with a simple way to analyze and communicate employee performance and depending on the outcomes provide a guideline for improvement. Emory University maintains performance appraisal forms for all employees. The forms are used to obtain performance feedback from employees and to outline performance objectives. Employees’ performance is rated on a scale of five. The ratings are outlined as: exceptional, commendable, solid performer, needs improvement, and unacceptable. The ratings are based on whether an employee meets set departmental targets and the consistency of doing so. Employees receiving aggregate ratings of “needs improvement” or “unacceptable” are given a performance improvement plan which is meant to improve their productivity. A number of performance factors are used to rate the employees. Work result is the fast...
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Acc 564 Assignment 3  Fraud in the Accounting Information System

Acc 564 Assignment 3  Fraud in the Accounting Information System

Acc 564 Assignment 3  Fraud in the Accounting Information System In September 2008, one of the largest corporate scandals unfolded in the United States. Lehman Brothers, a global financial services firm was declared bankrupt. This was unanticipated considering the company’s financial statements indicated it was financially sound. What was not known, however, is that over $ 50 billion in loans had been carefully concealed as sales (Kimberly, 2011). In the ensuing scandal, Lehman allegedly conspired to disguise its true financial position by disposing off its toxic assets in the short term. The toxic assets costing the company $ 50 billion were sold off to Cayman Island banks on the condition that the company would buy them back. This created a false impression that Lehman had disposed off the toxic assets worth $ 50 billion, and hence the sales figure of the same amount reflected in its financial statements. The scandal was perpetrated by Lehman executives with the help Ernst & Young,...
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BUS660 Contemporary Issues in Organizational Leadership

BUS660 Contemporary Issues in Organizational Leadership

BUS660 Contemporary Issues in Organizational Leadership Evaluating effectiveness of teachers Teachers can be evaluated for effectiveness based on two general criterions: Practice and products. Teacher practice Teacher practice accounts for about 80 percent of the total overall evaluation. Trained principals and supervisors are used to carry out the assessments by observing the teachers about three times a year. Each observation sessions is followed by meetings between the teacher and the observer in order to give back important feedback to the teacher. Teachers must be thoroughly trained on the evaluation procedures to be used in evaluating their effectiveness. Observers must also be trained on the various instruments to employ in teacher evaluation (Hughes, Ginnett, & Curphy, 2015). Instructional indicators – teacher instructional indicators are assessed based on the following. Does the teacher establish instructional objectives while delivering content to students? Does the teacher relate objectives to student experiences? Level of learner involvement. Demonstration of desired skills to students. Delivery of content using a variety...
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OMM640 Business ethics and social responsibility

OMM640 Business ethics and social responsibility

OMM640 Business ethics and social responsibility Ethics, Compliance, Auditing, and Emerging Issues Describe an emerging global risk for 2015 and beyond Technology risk is insofar the greatest challenge facing majority of businesses across the world, yet many remain oblivious to the risks they are exposed to. Technology risk includes cyber attacks, data fraud/theft, critical information infrastructure breakdown and misuse of technologies. Technology risk has the greatest financial impact on a company, in addition to time consumption and loss of trust from customers. The impact and likelihood of a cyber attack in the modern business environment is estimated at above average, and the threats are becoming more each day. This is compounded by the fact that businesses have become more hyper-connected, and sensitive personal and consumer data is currently being stored in cloud where hackers can gain access from any part of the world. Currently, more businesses continue to lean on technology as an integral part of their daily operations. This is due to the...
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Mkt 100: Walmart marketing research paper

Mkt 100: Walmart marketing research paper

Mkt 100: Walmart marketing research paper Wal-Mart is a multinational retail corporation dealing in warehouse stores and discount departmental stores. The retail corporation has its headquarters in the United States, in the Arkansas state. Walmart focuses on giving customers the best value for their money by providing quality products at low prices, and with outstanding customer service. This sets Wal-Mart apart from the rest of the competition. Walmart’s unique selling preposition is a focus on “everyday low prices” (EDLP) while delivering quality products to customers (“Walmart,” 2014). The retail corporation stocks a broad assortment of products such as national brands and local merchandise that reflects the need of consumers in the area of operation. The company focuses on an “everyday low cost” strategy that aims at keeping costs low. This enables Wal-Mart to sell at relatively low prices compared to other retailers in the market (“Walmart,” 2014). Walmart has a number of marketing objectives. The retail corporation seeks to deliver locally relevant products...
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Acc 564  Hacking the AIS

Acc 564 Hacking the AIS

Acc 564 Hacking the AIS Assignment As more businesses lean on technology to support their operations, unexpected challenges are emerging in the technological environment. Hackers, whose identities in most incidences remain anonymous, have become a major threat in the operations of most businesses. On November 2013, a cyber-attack on Target Company threatened to throw the company in a financial crisis, coupled with lack of confidence from majority of its customers. The cyber-attack on Target Company resulted in over 40 million customer accounts becoming compromised (Ziobro, 2014). Hackers were able to gain sensitive information of cardholders following the attack. This attack was discovered three months later, and resulted in loss of customers’ money. Target Company bears a huge responsibility in terms of effectiveness of its response to the security breach. Reports indicate that Target’s security team had earlier learnt of a breach in their system but downplayed the security warnings (Ziobro, 2014). The lack of follow-up gave hackers the upper hand where they...
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Information Needs for the AIS -Acc 564

Information Needs for the AIS -Acc 564

Information Needs for the AIS Accounting information system (AIS) is a computerized method of collecting, processing, storing, retrieving and distribution of accounting data to users in an organization. An information system makes it possible to collect and manipulate financial and accounting data in ways that it is usable to end users. The functions of an accounting information system can be put into three major categories: First, AIS ensures collection and proper storage of an organization’s financial data. Secondly, the system ensures that information is available to end users for decision making. Information may be supplied inform of financial statements or reports. Lastly, AIS ensures that controls are in place for proper processing and retrieval of information. In many organizations, problems with the accounting information systems are encountered although seldom in established organizations. Corporate leaders are tasked with the responsibility of making critical decisions from the information they receive from AIS. Corporate leaders often make improper assumptions when handling accounting information systems and...
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