Describe accounting problems with recommendations for NASA
Not what you're looking for?
See attached article for reference.
According to NASA's former auditor, PriceWaterhouseCoopers (PWC), NASA's finances are a mess, with major errors in its last financial statements and insufficient documentation. NASA's chief of internal financial management has maintained that the problems resulted from a difficult transition from 10 different internal accounting programs to a new integrated one. According to PWC, the financial chaos stems from basic accounting mistakes and a breakdown in NASA's internal controls.
Describe the financial and accounting problems at NASA.
Provide some recommendations for getting this troubled organization back on track.
Purchase this Solution
Solution Summary
The solution describes accounting problems with recommendations for NASA.
Solution Preview
ANSWERS
First, system migration, more specifically accounting system, if not planned ad implemented properly will be beset with problems and snags which can potentially const the company millions of dollars including data clean up and reconciliation.
Second, before the migration to the single accounting system NASA has had several accounting problems that eventually caused serious roadblocks to the efficient and effective migration. One of these problems is the lack of periodic financial ...
Purchase this Solution
Free BrainMass Quizzes
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.