Dell had falsely inflated revenue due to not having enough Dell computers in the financial department?

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Saturday, August 18. 2007

Dell had falsely inflated revenue due to not having enough Dell computers in the financial department?

You can't make this stuff up - check this out:

In addition, Dell says inadequate resources in its accounting department are partly to blame, and--in a remarkable acknowledgment for a company that pioneered selling computers on the Internet--that much of its accounting is done manually, with very few electronic trails.

Carty acknowledged that Dell is "underinvested in IT resource in the financial area." He also told investors "financial systems can't be blamed for irregularities, but they can occasionally be blamed for errors."

Read more about it here.
Posted by Aaron Tiensivu in IT at 19:47 | Comments (0) | Trackbacks (0)
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