B. WORLDCOM 2.0 Nature of the Fraud The nature of the fraud was the uses of fraudulent accounting method by add on huge earning in 2002 to cover the liability of acquired by company. When the earning is high, it will show that the company financial growth is high and will make the price of WorldCom's stock increase. The creative accounting was done by classified over $3.4 billion for line costs that is interconnection expenses with other telecommunication companies as capital expenditure. When
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Investment Banking Giuliano Iannotta Investment Banking A Guide to Underwriting and Advisory Services Professor Giuliano Iannotta Department of Finance ` Universita Bocconi via Roentgen 1 20136 Milano Italy giuliano.iannotta@unibocconi.it ISBN: 978-3-540-93764-7 e-ISBN: 978-3-540-93765-4 DOI 10.1007/978-3-540-93765-4 Springer Heidelberg Dordrecht London New York Library of Congress Control Number: 2009943831 # Springer-Verlag Berlin Heidelberg 2010 This work is subject
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© 2002 American Accounting Association Accounting Horizons Vol. 16 No. 3 September 2002 pp. 233–243 COMMENTARY The “Incomplete Revelation Hypothesis” and Financial Reporting Robert J. Bloomfield Robert J. Bloomfield is an Associate Professor at Cornell University. INTRODUCTION The most common form of the Efficient Markets Hypothesis (EMH) states that market prices fully reflect all publicly available information (Fama 1970). The EMH has been highly influential among academics, but practitioners
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Table of Contents Executive Summary 3 Introduction 4 Research Findings 5 History of the FASB 5 Requirements Imposed by the FASB on Public Corporations 6 Impact of the FASB on the Investment Community and their Satisfaction with the FASB Standards 6 Recommendations 7 Conclusion 8 References 9 Executive Summary The purpose of this research is to provide a report to Acme Company management on the accounting and reporting standards of the Financial Accounting Standards
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calculations enabling information, analysis, and insight to be drawn out and supported by quantitative facts.” “A system of spreadsheets and formulas to achieve the level of record keeping and reporting required to be informed, up-to-date, and able to track finances accurately and plan for the future.” Some philosophical: n “A numerical story.” Some incorrect: n n n “Forecasting wealth by putting money away now/investing.” “It is all about putting data into a nice format.” “It is just a mega huge
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Introduction Making financial decisions involves balancing risks and profitability. Financial management is the operative way for a firm to organize and control financial resources of a firm in order to exploit profitability and ensure liquidity for a company. The three types of financial management decisions are capital budgeting, capital structure, and working capital management. It is important that the decisions being made in regards to financial management be concise, educated, and understandable
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Instructor’s Manual Fundamentals of Financial Management twelfth edition James C. Van Horne John M. Wachowicz JR. ISBN 0 273 68514 7 Pearson Education Limited 2005 Lecturers adopting the main text are permitted to photocopy the book as required. © Pearson Education Limited 2005 Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies throughout the world Visit us on the World Wide Web at: www.pearsoned.co.uk Previous editions published under
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U11C FILE COPy NAVAL POSTGRADUATE SCHOOL Monterey, California 6M to CD4 OTIC ELECTE SEP11W THESIS AUTOMATED FINANCIAL MANAGEMENT INFORMATION SYSTEM FOR NAVY FIELD ACTIVITY COMPTROLLERS by Shaun Kevin Taylor March 1990 Thesis Advisor: Second Reader: Glenn D. Eberling William J. Haga Approved for public release; distribution is unlimited. UNCLASSIFIED SECURITY CLASSIFICATION OF THIS PAGE REPORT DOCUMENTATION PAGE lb RESTRICTIVE MARKINGS Ia.REPORT SECURITY
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THE IMPACT OF COMPUTER-BASED ACCOUNTING SYSTEMS ON MALAYSIAN PUBLIC SECTOR AGENCIES BY WAN ZURIATI WAN ZAKARIA A thesis submitted to the School of Business and Law, Central Queensland University, Australia, for the fulfilment of the requirement of the degree of Doctor of Philosophy (PhD) MAY 2014 ABSTRACT The positive and negative impacts of information technology (IT) have been continuously discussed and debated by researchers, practitioners and scholars for several years. In
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Cost Approach Formula: Cs – Ds + Vsl = V Value: An object, product or service that: has utility or usefulness, Is scarce, Is desired by people (is in demand),Is transferable from one person to anotherLand Appraisal Methods: Market or Direct Sales Comparison, Allocation, Abstraction, Development, Land Residual Which Method to Use? 1)Market Method is considered most reliable, but not practical if lot sales are not occurring in a neighborhood.(2)Allocation Method is quick and easy, but only
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