Americaintroduced

Jun 17th, 2015
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Clayton State University
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. The bank in this regards also saw the loss of control of several billion dollars of trustaccounts. With the failure of the system the higher authorities in bank ofAmerica fired the people as there was he risks in the introduction of new technology in bank. Due to higher level of risks in the accounting system, bank also lost the trust of its valued customers who were the major sources of the investment in bank.

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[Title of your Assignment]Your nameYour Instructors nameCourse #Your Institutions nameDate:IntroductionIn February 1989, bank of America introduced a trust accounting system that aimed at enhancing the accounting system across the various branches of bank in USA, after the launch of that accounting system. The bank in this regards also saw the loss of control of several billion dollars of trust accounts. With the failure of the system the higher authorities in bank of America fired the people as there was he risks in the introduction of new technology in bank. Due to higher level of risks in the accounting system, bank also lost the trust of its valued customers who were the major sources of the investment in bank (Nystedt, Dan, 1989).Project title:PROJECT: Master Net; Trust accounting system.The following project was aimed at enhancing the accounting values for bank which could foster the accounting system in bank and facilitate the customers. But due to some technical faults in the computer system, this project proved to be biggest disaster. Bank of America lost billions of dollars and also fired workforces who were monitoring and working the project (Pepitone, Julianne, 1989).Target audience:Bank of America aimed at enhancing the customer values as it was beloved that accounting system in bank of America would generate the best and accurate financial results with no error. Before implementing the project, the higher-ups of bank of

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