“Budgeting is a key component in management short and long term planning” I agreed that budgeting is important to management short and long term planning. Budgeting is important to management as it helps people on making decision whether they have enough money to progress through to the next step of planning, expanding the business and earning profit for themselves. If budgeting or planning doesn’t exist in management, there is a risk on business spending more money than earning it, in other words, not
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dependence on cyclical natural gas industry and to exhibit stable earnings. * Cooper Industries acquired firms that had stable earning, a broad customer base and proven manufacturing operations using well-known technologies. * Cooper Industries had a good corporate level strategy of diversification. * Copper Industries acquired both related and non-related businesses. * As a result, Cooper Industries could exhibit stable earnings. * Reasons for Cooper’s diversification * Threats
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5 Cool Things You Might Learn While Earning Your MBA If you’re interested in management, earning your MBA is a good way to go. Though you can be successful in sales without one, earning your MBA could take your career to the next level. The following are 5 cool things you might learn while earning your MBA: 1. People in a company are too often thought of as a cost, when in fact, they are its greatest asset! Anyone earning an MBA will be required to take some form of Human Resources coursework
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Abstract This assignment requires the development of a plan for a marketing flyer which outlines the key offerings at XYZ Construction INC. This flyer will be used to educate potential customers on the services offered by the firm. Who is XYZ Construction XYZ Construction, Inc. is a privately owned company founded in the 1950s. The owners have decided to transform the business from one of private ownership to public ownership and plans for its Initial Public Offering (IPO) to be in 12 months
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Management Moral Hazard and reason for Market Meltdown from 2007-2009: Earning management has been defined as the manipulation of reported earnings by management by using certain accounting methods or using other methods designed to influence short term earning. Moral hazard on the other hand occurs when one of the people involved in transaction does not enter into a contract in good faith. Moral hazard occurs in different fields such as Financial, insurance and management. In management
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Pursuing higher education teaches an individual more than the parameters of the degree itself entails. Dedication, responsibility, time management, and work ethics are all attributes that are the result in earning a Masters degree. “Attaining a higher degree produces an increased ability to work in groups, work under pressure, and the ability to complete projects on time and within certain criteria.” (Levin, 2009) Levin relates these attributes to graduate students in accredited Masters of Business
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16 | | | | | | | | | Cash at End of Period | 51 | | 50 | 2．Perform a ratio analysis using the case Appendix to identify red flags for potential fraud at MiniScribe. Emerging Fraud Models Ratios | 1988 | 1987 | 1986 | 1. Quality of Earnings | | | | OCF | 9 | 13 | 8 | NI | 26 | 31 | 23 | OCF/NI | 0.35 | 0.42 | 0.35 | | | | | 2. Quality of Revenues | | | | Revenue-Change in AR | 487 | 345 | - | Revenue | 603 | 362 | - | (Revenue-Change in AR)/Revenue
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board members who are independent of management No strategic business plan No code of conduct Infrequent board meetings Poorly skilled or inexperienced audit committee Limited or no internal audit function Management dominated by a single person or a small group Inadequate policies and internal controls over major decisions and expenditures Management roles and responsibilities not clear (no senior management job descriptions) High turnover in board, management or accounting personnel Fraud risk
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defines Positive accounting theory (PAT) as: “concerned with predicting such actions as the choices of accounting policies by firms and how firms will respond to proposed new accounting standards.” (263) PAT uses theory to predict the choices that management will make regarding their choice of accounting policies. This theory is introduced as a way to merge efficient securities markets with economic consequences. PAT takes the view that firms will conduct themselves in the way that maximizes their
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Accounting Name Institutional Affiliation Fraud committed on behalf of an organization vs. fraud committed against an organization Fraud commuted on behalf of the organization entails a section of the organization’s employees especially the senior management engaging in activities that are meant to benefit the company but in reality cause serious issue to the larger society the group is supposed to serve. An example of these types of frauds is false bidding scheme that refers to situations that a firm
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