On Line Financial Reconciliation System

• Main Author: Chuah, Soo Teong
• Format: Thesis
• Language: English; English
• Published: 2002
• Subjects: HF5601-5689 Accounting
• Online Access: http://etd.uum.edu.my/482/1/CHUAH_SOO_TEONG.pdf; http://etd.uum.edu.my/482/2/CHUAH_SOO_TEONG.pdf; http://etd.uum.edu.my/482/

This On Line Financial Reconciliation System (OLFRS) is designed to be used by all Accountants Business Units or Entities across Dell Asia Pacific region. A coordinator is in charge of each Business Unit will ensure that all account owners complete reconciliation for the entire Business Unit. Once these are completed, all users of financial statements would be able to view the results of financial statements with great transparency and integrity is enhanced. OLFRS improves organization's financial knowledge and for management to make confident decisions with the Internet's web-based tools. Transparency through OLFRS enables investors, creditors, and the market to evaluate an entity. In addition to helping investors make better decisions, transparency increases confidence in the fairness of the markets. Further, transparency is important to corporate governance because it enables boards of directors to evaluate management's effectiveness, and to take early corrective actions, when necessary, to address deterioration in the financial condition of companies.