The Monk and the Riddle Paper I have always been attracted to entrepreneurship, I strongly believe that it is the only way to capitalize human creativity in order to create real value for the international community, in addition, entrepreneurship is the best method of boosting a country’s economic and social development. However, I must confess that I have never had a serious encounter with the entrepreneurship subject. My name is Pau Ramon and I am an exchange student that comes from ESADE University
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perform many important services for individuals and companies, public or private. One essential assurance engagement a CPA performs is an audit of financial statements. Audits of financial statements play a vital role in the business industry. An auditor can reasonably assure investors, lenders, management, and stakeholders that the financial statements are free from material misstatement and accurately reflect the accounting of the entity for that period of time. However, an auditor cannot provide
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The Australasian Accounting Business & Finance Journal, February 2007 Gaffikin: Accounting Research and Theory: the age of neo-empiricism. Vol. 1, No.1.pp. 1-19. Accounting Research and Theory: The age of neo-empiricism Michael Gaffikin, School of Accounting & Finance, University of Wollongong ABSTRACT The theorising in accounting prior to 1970 was rejected as not providing sufficiently general theories. Informed by theories in economics and finance (and other disciplines such as psychology)
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include reporting consistency, enhanced global competition and improved financial reporting transparency. While many countries worldwide have already adopted IFRS, many other countries are closely examining its effects before adoption, not only from an economic perspective but also from a reporting quality position. COMPARING RESULTS Researchers Elaine Henry, Stephen Lin and Ya-Wen Yang evaluated the difference between financial results under U.S. GAAP compared to IFRS. Their results show that convergence
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you to learn that the biggest and worst financial fraud committed through a pyramid scheme in US History, was achieved by a man who was raised by parents that also commit financial frauds. Bernie Madoff was raised watching his parents Ralph and Sylvia Madoff run a business that was not successful in the financial trading world. That company was named Gibraltar Securities. Due to the fact that Sylvia failed to accurately report their company’s financial condition, the SEC closed the business in
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As I walked in to this beautiful, clean, well decorated office I thought, wow this is nice. I sat in the lobby and waited for the receptionist to announce my arrival to the admissions counselor, Mrs. Bakutis. Shortly thereafter, a young lady emerged from a long hallway, smiling with an extended arm to greet me with a handshake as she introduced herself to me as Paneora Bakutis. As with most conversations, we began our interview with small talk. I complimented her on how nicely decorated the office
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profit which decreased from $83 million to $61 million over the same period. As investors, which figure should we pay attention to? At the same time, operating cash flow decreased from $129 million to $77 million over the same period. I wonder what has caused that? I would like you to look at profitability, cash flow and liquidity.” He continues “The group made some big acquisitions in the last couple of years. How well are those turning out? Retailers’ operating margins are always pretty small
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Strategic Planning in Banking Performance: An Analyzing Examination Jia Li Abstract This paper explains the definition of Strategic Planning and how it is important in banking performance. As the comparison between Strategic Planning and Operational Planning, we get a general idea that Strategic Planning need to be considered and configured first when it comes to business planning. This paper also conducted a SWOT analysis to identify internal and external factors to eliminate risk of failure
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Learning Zone Analytical Procedures – A Powerful Tool for Auditors (Relevant to Paper 8 – Principles of Auditing and Management Information Systems) David Chow FCCA, FCPA, CPA (Practising) Audit tests Auditors normally carry out the following types of audit tests to determine whether financial statements are fairly stated: (i) procedures to obtain an understanding of internal control (ii) tests of controls (iii) substantive tests: • substantive tests of transactions; • analytical
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this ethics & code of conduct. Despite many twists and turns in the global economic scenario we have tried our best to keep up with the ever –changing economic events taking place within and outside our country particularly in the social, economic, financial and corporate environment. Our role and responsibility as Cost and Management Accountants and also as Cost Auditor has increased manifold requiring enhancement of our knowledge, skill and efficiency to face the challenges of dynamic business environment
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