Outline Part 1 Background and Overview Part 2 US GAAP and IFRS Part 3 China GAAP and IFRS Part 4 Summary of Convergence Process Part 5 Pros & Cons of Convergence Part 6 The reasons for differences in accounting practice ww.ifrs.org + The International Accounting Standards Board + The International Accounting Standards Committee (IASC) Foundation + Objective – a single set of global financial reporting standards + Aim – convergence between national standards and international standards
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The Enron Scandal and Moral Hazard Prof. Leigh Tesfatsion Department of Economics Iowa State University Ames, IA 50011-1070 http://www.econ.iastate.edu/tesfatsi/ Last Revised: 3 April 2011 The Enron Scandal and Moral Hazard • Enron, the 7th largest U.S. company in 2001, filed for bankruptcy in December 2001. • Enron investors and retirees were left with worthless stock. • Enron was charged with securities fraud (fraudulent manipulation of publicly reported financial results, lying to SEC,…)
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Technology Analysis and Assessment Plan 3 Technology Analysis and Assessment Improvement Plan 6 Operating System Platform and Cost Containment 6 Architecture Assessment and Governance 9 Enterprise Authentication 11 Directory Services and Domain Consolidation 13 System Administration 15 Operating Systems 17 Email System 19 Maintenance 21 Network Security 23 Summary 25 References 26 Technology Analysis and Assessment Plan Listed below is a simple diagram of the hardware layout in Acme Gym
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INSPECTION DEPARTMENT CENTRAL OFFICE Inspection Department was set up along with the formation of the Reserve Bank of India in 1935. Objectives The objectives of the Department are: To assess in clear terms the achieved and achievable performance of the Offices/branches and Central Office Departments with the available resources. To suggest appropriate improvements so that performance level could be enhanced further
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Abstract The fish market is a 20 billion dollar industry and one company has played a major role. Neptune Gourmet Seafood is an 820 million dollar corporation that has just recently invested heavily in technology, allowing their trawlers to move further out to sea to fish and maintain the quality the company has been known for. In doing so, they have found themselves reaching a decision point. Even though they have been going further out to sea, they have been bringing back larger than normal
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GENERIC PRODUCTS, POTENTIAL LIABILITY FOR SALES OF GENERIC PRODUCTS PRIOR TO A FINAL RESOLUTION OF OUTSTANDING PATENT LITIGATION, INCLUDING THAT RELATING TO THE GENERIC VERSIONS OF ALLEGRA , NEURONTIN , LOTREL , FAMVIR , AND PROTONIX , THE IMPACT OF CONSOLIDATION OF OUR DISTRIBUTORS AND CUSTOMERS, THE EFFECTS OF COMPETITION ON OUR INNOVATIVE PRODUCTS, ESPECIALLY COPAXONE SALES, THE IMPACT OF PHARMACEUTICAL INDUSTRY REGULATION AND PENDING LEGISLATION THAT COULD AFFECT THE PHARMACEUTICAL INDUSTRY, THE DIFFICULTY
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It, therefore, includes the assets and liabilities of the investee company in one account. The investor’s balance sheet, therefore, includes the Stockholders’ Equity of the investee company, and, implicitly, its assets and liabilities. In the consolidation process, the balance sheets of the investor and investee company are brought together. Consolidated Stockholders’ Equity will be the same as that which the investor currently reports; only total assets and total liabilities will change. b. If
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TERM SHEET FOR SERIES A ROUND OF FINANCING OF XCORP Amount of Investment: $3,000,000 Investors: ABC Ventures XYZ Capital Type of Security: Series A Convertible Preferred Stock Premoney Valuation: $7,000,000[1] Capital Structure Following Series A Round: Existing holders of Common Stock 55% Option Pool 15%[2] Holders of Series A Preferred Stock 30% Total 100%
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reorganizing, reengineering, restructuring, or rightsizing. Regardless of the label applied, however, downsizing essentially refers to layoffs that may or may not be accompanied by systematic restructuring programs, such as staff reductions, departmental consolidations, plant or office closings, or other forms of reducing payroll expenses. In essence, restructuring efforts attempt to increase the amount of work output relative to the amount of work input. Downsizings such as these are also commonly called reorganizing
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characterized by centralization with the business units operating under a single IT plan and strategy. Alcan focuses on cutting costs of production and makes use of its IT department to ensure that costs are low. This is facilitated by standardization and consolidation of its IT infrastructure, resulting in vertical integration of its IT governance structure. The Weill and Ross IT Governance model emphasizes on the specification
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