up of a well - designed chart for accounts Maintenance comprehensive accounting books and records Preparation of financial statements that includes Trial Balance , Balance sheet , Profit and LossSettingup of a well - designed chart for accounts Maintenance comprehensive accounting books and records Preparation of financial statements that includes Trial Balance , Balance sheet , Profit and Loss

through payrollcreatedthrough payroll

budgets and reforecasting those as things changeto setbudgets and reforecasting those as things change

or restrained by strong internal governance , such as a board of higher percentage of outside directors and an audit committee that could oversee the accounting and financial reporting process on behalf of all shareholders , and outside governance , such as a big stockholder and a strong outside auditor from the Big4 accounting firmscould be preventedor restrained by strong internal governance , such as a board of higher percentage of outside directors and an audit committee that could oversee the accounting and financial reporting process on behalf of all shareholders , and outside governance , such as a big stockholder and a strong outside auditor from the Big4 accounting firms

the administrative efficiency directlywill influencethe administrative efficiency directly

through the accounting cycle sitecreatedthrough the accounting cycle site

an environment for embezzlementcreatesan environment for embezzlement

to asset recoveriesleadingto asset recoveries

in misappropriation of the Companyresultingin misappropriation of the Company

over - obligationto preventover - obligation

in inaccurate tax returns being filed with the state and federal governmenthas resultedin inaccurate tax returns being filed with the state and federal government

inflation in Enron 's incomecausedinflation in Enron 's income

a premium or discount on bonds payable(passive) is createda premium or discount on bonds payable

in a new security classificationresultingin a new security classification