bankruptcy and April 2004 when it emerged from bankruptcy as MCI, company officials worked feverishly to restate the financials and reorganize the company. The new CEO Michael Capellas (formerly CEO of Compaq Computer) and the newly appointed CFO Robert Blakely faced the daunting task of settling the company's outstanding debt of around $35 billion and performing a rigorous financial audit of the company. This
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1 HIGHLIGHTS OF THE RAILWAY BUDGET 2014-15 Thrust 1. Safety 2. Project Delivery 3. Passenger Amenities/Services with focus on food services & on cleanliness, sanitation, toilets 4. Financial Discipline 5. Resource Mobilization 6. IT Initiatives 7. Transparency & System Improvements. Major Challenges facing the Railway System _ Vast tracts of hinterland waiting for rail connectivity. _ Railways expected to earn like a commercial enterprise but serve like a welfare organization.
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............................ 2 1.1. The Basic Concepts of Budget and Budgeting ................................................................ 2 1.2. Definition of Budget ........................................................................................................ 3 1.3. Budgeting and Forecasting .............................................................................................. 4 1.4. Budgeting and Management ..........................................................
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explanation of Industrial Relations which clearly identifies the principal actors is:- “the relationships between employees and employers within the organisational settings. The field of industrial relations looks at the relationship between management and workers, particularly groups of workers represented by a union. Industrial relations are basically the interactions between employers, employees and the government, and the institutions and associations through which such interactions
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Question 1 1. The principle or rule known as the maintenance of share capital is based on the need to protect shareholders and creditors. Share capital is the contribution made by shareholders by subscribing shares of the company. A company’s creditors can only look to the share capital for the payment in the event of a winding up. To protect creditors, a general rule known as the rule in Trevor v Whitworth was developed to prohibit a company from reducing its share capital because a reduction in
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Statement of Virginia Winery Ltd……………………………………………………………3 Financial plan ………………………………………………………………………………………….3 Task 1 - Develop financial strategies. 1.1-a Assumptions on which the financial plan has been developed……………………………….5 1.1-b Financial objectives in terms of finance requirements………………………………………..5 1.1-c Funding arrangements………………………………………………………………………...6 1.1-d Financial information requirements…………………………………………………………..9 1.1-e Financial performance targets and indicators………………………………………………
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profit to rich your pocket.The definition of resident for company is in ITAA36 s6(1) state that:A company which is incorporated in Australia, or which, not being incorporated in Australia carried on business in Australia, and has either its central management and control in Australia, or its voting power controlled by the shareholder who are resident of Australia. Page 77 understanding taxation law 2010 Frank GildersBut the current definition
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Final Paper: Case Study of WorldCom Financial Statement Fraud Introduction This paper will discuss the financial statement fraud committed by WorldCom by examining what led up to the fraud, who committed it and why, and the impact it caused on various stakeholders and the economy. WorldCom applied aggressive and undisclosed accounting tactics to provide financial statements that reflected a $10 billion profit for the years 2000 and 2001, rather than the actual combined loss of $73.7 billion
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The Functions of Management Practices Wendy Spady MGT330: Management Professor Klyuchik August 12, 2013 The Functions of Management Practices In order for any organization to be successful, operate smoothly, and achieve the goals of the organization it is important for it to have good management practices in place. Management has some basic functions and it “is a discipline that consist of a set of five specific functions such as planning, organizing, staffing, leading, and controlling
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The University of Chicago Red Ink in the Rearview Mirror: Local Fiscal Conditions and the Issuance of Traffic Tickets Author(s): Thomas A. Garrett and Gary A. Wagner Source: Journal of Law and Economics, Vol. 52, No. 1 (February 2009), pp. 71-90 Published by: The University of Chicago Press Stable URL: http://www.jstor.org/stable/10.1086/589702 . Accessed: 12/03/2011 22:11 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at . http://www
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