Quickbooks Notecards Essay Sample free essay sample

The accounting system captures. shops. procedures and communicates information in conformity with applicable professional. industry and authorities criterions and besides meets the organization’s ain demands. A good –designed accounting system enables an organisation to pull off one of its most valuable resources – information. Accounting package plans allow one to pull strings and bring forth information following professional. industry and authorities criterions. every bit good as meet the organization’s ends. If well-designed. it enables the company to pull off it most of import plus. which is information. I. IntroductionB. Introduction about Quickbooks Collins. J. C. ( 2011 ) . A Quick Guide to Quickbooks. Journal of Accountancy. 1. Retrieved November 27. 2012. from hypertext transfer protocol: //www. journalof accounting. com/Issues /2011/Dec/20114555. htm More than 4. 5 million companies use QuickBooks. doing it by far the most widely used accounting system in the universe Quickbooks is used around the Earth by more than 4. 5 million houses. II. BodyA. Advantagesa. Company1. Less clip devouring Nelson. S. L. ( 2008 ) . Quickbooks 2008 for silent persons. Hoboken. New Jersey: Wiley Publishing Inc. Quickbooks automatically creates most journal entries for you. construct a test balance by utilizing your journal entry information. and – when asked – produces fiscal statements. Most of the work of double-entry clerking. so. goes on behind the scenes. Quickbooks is besides able to construct a test balance every bit good as produce fiscal statements in a neat and organized manner. which allows more work to be done in a shorter period of clip. compared to utilizing the manual pattern in journalizing minutess and fixing fiscal statements II. BodyB. Disadvantagesa. Company1. Has restrictions Nelson. S. L. ( 2008 ) . Quickbooks 2008 for silent persons. Hoboken. New Jersey: Wiley Publishing Inc. In malice of the fact that Quickbooks may be an uncomplete solution and may non manage stock list the manner you want or need. Quickbooks is still a really good solution. What Quickbooks does. it does rea lly good. Quickbooks is non able to cover with stock list absolutely. but it is still a good option because it does the undertaking of forming good. II. BodyB. Disadvantagesa. Company1. Has restrictions Drew. J. ( 2012 ) . Technology and CPA’s: vision of the hereafter. Journal of Accountancy. 2. Retrieved November 20. 2012. from hypertext transfer protocol: //www. journalofaccountancy. com/Issues/2012/Jun/20114844. htm This epoch is similar to the displacement from Lotus 1-2-3 to Excel in the late eightiess and early 1990s. and he envisions the impact of cloud and nomadic engineerings radically revamping the accounting package market place. The use of accounting package may be compared to the passage from Lotus 1-2-3 to Excel. Quickbooks may. in the long tally. be overthrown by cloud and nomadic engineerings. II. BodyB. Disadvantagesa. Company2. Weak security Phatak. O. ( June 2011 ) . Advantages and disadvantages of utilizing computerized accounting. Retrieved November 23. 2012 from hypertext transfer protocol: //www. buzzle. com/articles/advantages-and-disadvantages-of-using-computerized-accounting. hypertext markup language If safeguards are non taken. including installing of anti-virus package and securing of office web. there is a security hazard of losing informations due to choping onslaughts and descrying via Internet. Security becomes an issue if the installing of an anti-virus is non done by the company. This may take to choping and descrying onslaughts of rivals through the Internet which consequences to the loss of informations.

Enron Culture Essays

Enron Culture Essays Enron Culture Essay Enron Culture Essay The atmosphere at Enron was highly competitive. Enron rewarded cleverness and pushing the envelope. Enrons former president and CEO Jeffery Skilling encouraged employees to be independent, innovative, and aggressive. ) The aggressiveness of the culture at Enron was increased by a rigorous and threatening evaluation process for all employees that became known as rank and yank. Enrons employees annually ranked their fellow employees on a 1 (best) to 5 (worst) scale. Each of the companys divisions was arbitrarily forced to give the lowest ranking to one-fifth of its employees. These employees were then fired. This system pitted employees against each other and created bad morale. Enrons bonus program was another motivational plan that contributed to the companys fall. Those who closed major deals were paid up to 3 percent of the value of the entire deal, payable when it was struck, not when the project actually began earning money. Employees were rewarded for high dollar deals, but since the basis was on projected earnings and not actually it encouraged the inflation of deals. Eventually this became common practice among employees who not only wanted to get larger bonuses but also give the appearance of being a valuable employee and avoid getting fired during rank and yank. The ethical boundaries at Enron were suffering under leaders who encouraged rule-breaking and a culture of competition and aggressiveness. Enron executives attention was clea rly focused on profits, power, greed, and influence. They wanted their employees to focus on todays bottom line and to be more clever than the competition. Employees have remarked that Enron was all about creating profits and breaking the rules. In support of this mentality the official vacation policy was that Managements obsession with keeping stock prices high led them to use unconventional accounting practices, which allowed them to book expected gains from ventures, which eventually failed, as profits. Enron also began an extensive program of buying, expanding, and launching businesses in both energy and non-energy domains. To help run these businesses, Skilling sought the best and brightest new hires, ones who would be ruthless traders. Enron failed to sufficiently monitor these new hires, and combined with the culture at Enron meant that these new hires were less than ethical. The fact that these new ventures were in non-energy domains also meant that they werent in the executives field of expertise which made it more difficult to monitor. Within management there was a failure to honestly deal with the problems facing the company. Instead of a developing a plan that lowered risk-taking and promoted ethics, Enron developed a Madison Avenue mentality that anything is right if the public can be convinced that its right. Through unconventional accounting Enron was able to produce numbers that showed profits and while no one understood, very few questioned it. Employees who noticed the questionable accounting and reporting practices and tried to blow the whistle were punished.

Assess the significance of the Atlantic slave trade for the rise of Essay

Assess the significance of the Atlantic slave trade for the rise of Europe - Essay Example It is in no doubt that the transatlantic slave trade served as the most formidable premise for modern-day capitalismis . This is due to its immense generation of wealth for various business enterprises across Europe and America (Acemoglu, Robinson, & James, 2002). Indeed, the trade made a substantial contribution to the industrial growth of north-western Europe. Moreover, it established a single Atlantic world that encapsulated Europe, the Caribbean islands, main lands of South and North America, and western Africa. Given that Europe acted as the epicentre of the transatlantic trade, the region received the greatest benefits from the slave trade that lasted for more than three centuries (Postma, J. 2003). It is noteworthy that modern economic development first emerged in Europe during the Industrial Revolution, with rapid urban industrialization, growth of cotton textile factories, as well as the increase in export-oriented industrialization. In the wake of the Industrial Revolution, and the associated expansion of industries, the available sources of labour in Europe were largely insufficient to provide the much-needed services in all industries. There were two main reasons for the apparent lack of workforce; firstly, the cost of voluntary migrants was very high to be cost-effective in offering the labour necessary to develop America as Europe’s breadbasket. Secondly, even though some European nationals were forcefully kidnapped and placed at the equivalent of slave labourers in America. The process required an extensive basis that would have denied the home countries the labour forced needed to expand the fast-rising industries. This would have resulted in the rise of labour cost in the home countries and exacerbate the price of domestically produced goods thus making them more costly and less competitive in both the home and international markets. The comparison