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Fraudulent Accounting Procedures at WorldCom and Enron

as CEO and Chairman on February 4, 2002; Jeffrey K. Skilling, former CEO and Director; Andrew S. Fastow, former chief financial of...

Australian Accounting Standard AASB 138

so that it matching with the revenue it produces. Often this has been claimed as clashing with the concept of produce to acct for ...

Book Review of Near Failure in Kosovo by Wesley Clark

Serbian "ethnic cleansing" (a euphemistic term for genocide) which was then going on in Kosovo. It was Clarks belief that it was i...

Lance Armstrong and the notion 'Its Not About the Bike'

on Armstrongs body but the real heroics are attributable to the man and to the body itself! Armstrong was diagnosed with te...

For and Against IFRS

approach, good for business and investors, and has even been criticised in terms if the way the International Accounting Standards...

Business Accounting, Cost, and Benefit

costing, marginal or variable costing, standard costing and activity based costing (ABC). These are all models that can be used to...

Silent and Shadow Accounts and Tesco

still an internal publication and may suffer from the same bias. It shadow accounts have the potential of addressing the asymmetry...

Marketing Costs and Application of Activity Based Costing

Swensens, which focused on ice cream in their independent shops. Though the independent shops segment was declining, the im...

Ethics and Financial Reporting

organizations that oversee accounting and its reporting are the Securities and Exchange Commission (SEC), the Financial Accounting...

Benefits of Microsoft Excel

that number-crunchers have come to rely on" (p.29). The one main advantage of Excel, according to many experts (not to men...

Accounting and Financials As They Involve Islamic Banking

For the most part, Islamic practices when it comes to money dont adapt themselves very well to more Anglo methods of accounting or...

Ethics and Management Accounting

Arcticview -- an Overview This particular case study was presented by management accountant Grant Russell in a 1996 editio...

The Aftermath of the Arthur Andersen Scandal

Chicago to suggest to Houstons firm partners that it was fine to shred documents and delete any e-mails related to the Enron case ...

Swimming Pool Business Results Enhancement

service companies to provide all labor for care. EPC adds chemicals, but the case does not state whether it adds chemicals provid...

Consequences of the Sarbanes Oxley Act

long-term ramifications of the Act will be (as its still so new), some of the literature on Sarbanes-Oxley has made some predictio...

U.S. Early Retirement

is always Social Security (2004). Of course, that system is in crisis and that must be considered. There is no guarantee that Soc...

Life Effects of Insulin

would die, and that is frightening. Yet, I think of the many diseases and medical interventions available in a general sense. I re...

Profit and Measuring Business Profitability

other ratios that can be used. These allow for comparison so that like companies can be measured against each other. Measures th...

Management and Financial Accounting

Investors can make informed decisions only when the information they have is full and accurate; the implications of sloppy or frau...

Cuban Missile Crisis and Conflict Between Canada and the United States

course, had definitely heard of us. Unfortunately, a significant portion of their actions during this crisis was structured aroun...

Activity Based Costing and Artefact Method

the common use of the phrase overhead recovery as synonymous with the term overhead absorption (Chadwick, 1996). The first stage...

Aspects of Environmental Accounting

their assumptions. Much information regarding operations is not public, and much may not even reach the board. The ability for int...

Auditing, Accounting, and the Effects of Technology

Technology, plus the growth of international business, have had a huge impact on this industry, and in this paper, well examine ho...

Tax Accounting Systems and How They Have Evolved

schedules are required. For the professional tax preparer, much of the job has gotten easier with the advent of advanced accountin...

Accounting Practices from Calculating Interest Rates to Assessing Cash Flow Statements

the start amount would be the year 1 figure. c. With this we can see a trend if we have a future value of 886,073 at the end of...

An IT Organization Accounting System

with each component of that task broken down and costed by way of the different resources that it consumes or requires. With this ...

Accounting at Enron

aside through Enron stocks. The question here is, could an Enron have been avoided? What would a financial consultant (one...

Jesus of Nazareth's Life and Ministry

thematic content. The whole emphasis of the narrative in Matthew is on scriptures being fulfilled via the life of Jesus (Wright, 1...

Corporate Policy and Ethical Behavior

of freedom in terms of which figures he reports and this is attributable to Previews lax control environment. Of course, Harris do...

Merchandising Businesses and the Importance of Computerized Accounting Systems

a concept of the past, information technology (IT) systems formerly were seen as repositories only of historical data used primari...