Automated Process of Accounting Information Systems Essay

Automated Process of Accounting Information Systems - Essay Example The parts of development for payroll are with the time clocks and reporting of the statements to accounting and human resources. A worker must clock in to an electric time clock that will send the information to server that creates a time card report on every worker. Finally of the pay time, management signs off on every workers time and prints statements into pay checks signed by the treasurer. The accounts payable method runs quite easily with the exemption of cash on delivery dealings. Like accounts payable, accounts receivable is uncomplicated. Most dealings happen by point of sale, meaning when a consumer takes goods from the store, it is paid for by credit card or cash straight away. Occasionally, with approval from management, a consumer can charge the goods to an in store account. When this occurs, the industry sends invoice to the client. Later, the industry deposits the cash in the bank. The inventory method poses the largest cost to the industry. Additionally, when inventory is too small and unavailable, it reasons the industry sales. To combat this difficulty, the industry should execute a small and too high stock alert method. This will assist the industry to meet successor 95% stock level goal. The recommended changes, for instance using electronic system that tracks inventory and implementing industry specific software, account receivables and payables would give a reliable, secure and useful way to track natural resources from the point of replenishment, to the post of the finished goods, and at last through invoicing management. The alteration would put the industry incomes, expenses, and returns in one electronic platform accessed by the administration of Kudler industry. â€Å"Kudler needs to define the marketing problem and the opportunity for increased customer satisfaction. At this time the problem seems to be related to gathering research and information to expand their current service offerings into areas such

Read the case and answer the questions ( but focus more in the first Assignment

Read the case and answer the questions ( but focus more in the first question) - Assignment Example The difference in treatment of financial institutions during and in the aftermath of the 2008 crisis was but well order; for with large risks is the chance to succeed and/or fail, all of which the very institution must bear the most burden. 2. Many experts argue that when the government bails out a private financial institution it creates a problem called â€Å"moral hazard,† meaning that if the institution knows it will be saved, it actually has an incentive to take on more risk, not less. What do you think? No one individual among those in search of growth wishes to fail, and so are the institutions with humans at the helm. Equally true is the very fact that entities only reap rewards commensurate to the seeds sowed; anything else only happens in the charity world. With risk, however, comes responsibility; a case where an institution has â€Å"masked† bad assets and excessive liabilities outside the proximity of determinable levels is but incurable, and a lesson of some sort must be read across the system. It is public knowledge that by the time Lehman Brothers filed for bankruptcy with Federal Reserve, the financial crisis was well underway, and that bailing out the institution wasn’t a priority; the entire system was. To hit right at the tip, getting the right buttons at that particular moment was but hard to call, and that no one knew for sure that lending the Lehman Brothers a hand was that very right button on behalf of the entire system. If indeed its consequential failure had the weight alluded by a section of scholars in quashing off the crisis, then, it was a mistake on behalf of the government. The foregoing notwithstanding, the downward spiral with exorbitant losses on its books of account wasn’t anything to overlook. Both ways, the decision taken was a double-edged sword with no specified guarantees