1). 1.2 Why is this issue? The purpose of using business intelligence in the organization is to identify and collect business data and to make better decision on various aspects of business including proper accounting practices. Business intelligence system will also help the business to make effective business decisions and the resultant financial gains besides facilitating business growth. Accurate information is nessaccery for taking efficient decision in the business. Business intelligence system would also help the business to get accurate and reliable data in the organization. “Business Intelligence Solutions (BIS) lead to better business decision making through providing access to enterprise data for easy analysis against Key Performance Indicators” (Business Intel n.d., para. 2). Many organizations have become subjects of fraudent practices due to the lack of proper forensic accounting systems focusing on business intelligence. The research will help highlight this issue and evolve ways and means to counter the same. 1.3 What could this research shed light on? There have been a number of researches conducted on this topic. However there is still scope for conducting further research because it will identify the significance of business intelligence in order to take efficient decisions in the business. More over, with the passage of time and the advancement in technology, various aspects of business and accounting keep transforming. Therefore, fresh research will help in addressing the changes that occur due to the evolution. Prompt and accurate decisions are essential for meeting the competition efficiently and effectively. This research will high light the importance of business intelligence system in the organization and how it will help in locating frauds and misappropriations for safeguarding the interests of the shareholders involved. “Business intelligence helps to improve customer service by identifying the frequent problems with each product and identifying potential solutions” (Sabherwal & Fernandez 2009, p. 17). 1.4 Research Aims and Objectives: Depending on the purpose of this research the main aim will be: To identify areas where business intelligence can be deployed to co ordinate accounting activities effectively and efficiently. To take prompt and accurate decisions in the business. To make a co ordination among various departments in the organization. 1.5 Research questions’ (1) How to make effective decisions? (2) How can delegate information among various department in organization? 1.6 Literature Review: For the purpose of this literature review, the analysis of the literature will begin by investigating from books, journals and scholarly articles. “The literature broadly refers to information relevant to your topic of interest” (Literature Review: Academic Tip Sheet 2008, p. 2). Business intelligen
Business Intelligence 1.1 Introduction: Business intelligence is a computer based technique, used to analyze and identify the business data regarding sales and income, by product or by department. It also helps to determine various income and expenses associated to the business…
How has forensic science impacted anti-terrorism internationally or nationally? Student Name Course Name TABLE OF CONTENTS Introduction 3 Current Challenges 4 Best Practices 5 Resources 6 Applicable Technology 8 Research and Evaluation Needs 9 Homeland Securities 11 References 13 Introduction The word of crime and the area of technology have come together to make this world a place of complexity.
The management responsibilities can be done concerning various business issues like forensic accounting. Forensic accounting is also termed investigative accounting, is the application of concepts of accounting and techniques of accounting to legal problems.
Another definition of forensic evidence can be evidence that can be used by a law court, especially the evidence that has been obtained via scientific methods like DNA tests, blood tests and ballistics (James & Nordby, 2009). Forensic evidence has, therefore, assisted the law sector through shaping the justice in the globe, fuelling investigation of crimes and signifying the advancement of current technology.
Unlike the regular accountants and auditors, forensic accountants are typically tasked to uncover fraud and provide expert opinion to help the trier of facts evaluate the financial information available or presented to him or her. The investigation and dispensation of expert opinion is required because fraud, as a form of deception, which forensic accounting is uncovering, will deliberately conceals or mislead for gainful benefit (Institute of Certified Forensic Accountants, 2012).
Although the fall of WorldCom was a major devastation within the corporate World at that time, it was not the first one of its nature. The twentieth century witnessed several corporate accounting scandals and the most notable one of them which hit the World with surprise was that of Enron.
It includes auditing of the accounting records in “search for evidence of fraud” (Hochberg, 2006). A fraud investigation is executed “to prove or disprove a fraud” (Hochberg, 2006) which is the part of forensic accounting. The aim of forensic accounting is to submit report to the court or the management of the company.
The notion of forensic accounting not only refers to the analysis of the financial affairs, but also acts as active evidence in addressing along with mitigating certain fraudulent activity. In this context, the analysis of the financial affairs denotes certain practical measures that are required to be adopted by the concerned accountants regarding the search of evidences for the occurrence of fraudulent activity (Association of Chartered Certified Accountants, 2008).
In the current business scenario it is crucial for the forensic accountants to possess certain skills consistent with their job requirements. Extensive researches have been conducted in order to analyze the application of forensic accounting skills in business operations.