the Al-Shabaab terrorist organization, help to counter piracy, and to help build capacity and capability in the Somali government and its institutions. While at the same time provide the support to attend Somali basic humanitarian aid needs and financial assistance. First, one of the reasons why the general security conditions in Somalia keep on improving is principally thanks to the sustained operations carried out against the Jihadist organization Al-Shabaab by the Somali national security forces
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ratio) was trending upward.2 Construction in Progress In its first-quarter 2001 earnings announcement, WorldCom reported a line cost E/R ratio of 42 percent, which was in line with previously reported E/R ratios. WorldCom achieved this result in large part by capitalizing $544.2 million in line costs (rather than expensing the costs), despite the fact that the company had never previously
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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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Marketing Principles and Analysis MKT 305 Winter Quarter 2014-2015 Instructor: Bill Froese Office Location: See Blackboard Office Hours: See Blackboard Phone: 224-616-4789 Email: wfroese@robertmorris.edu Course: MKT 305 Quarter Hours: 4 COURSE DESCRIPTION: This course will introduce students to key marketing principles including the marketing concept, management of the marketing mix (product, price, place and promotion), analysis of the external environment, ethical issues
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lectures notes, assigned readings, case analyses, individual homework assignments, and a final project. Each student will analyze three cases from the Harvard Business Review involving pharmaceutical companies. The final project will be a written paper touching on some aspect of managing pharmaceutical research and development. Relationship of Course to the Rest of the Curriculum The pharma value chain comprises all of the functional business elements from drug discovery through commercialization
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increased in organizations. Accounting ethical breaches may be defined as the misappropriation and misconduct of financial data by the auditors and accountants of the company (Duska & Ragatz, 2011). The accounting ethical breaches not only affect the organization, but also the stakeholders involved with the organization. The paper will discuss the accounting ethical breach in Enron. The paper will also discuss the ethical issues, accounting ethical breaches and the recommendations to prevent such breaches
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Course Schedule Course Modules Review and Practice Exam Preparation Resources Module 1: Conceptual issues in assurance Overview This module builds on the fundamental concepts of auditing and other assurance services introduced in your prerequisite auditing course. It begins with an overview of the key drivers in the demand for audits, and then surveys current challenges and issues such as the audit and regulatory environment and the expectation gap. You will also study issues related
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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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Case 1 SPI states that it has a total of seven operating segments, which are shampoo, cosmetics, diapers, paper towels, Jazzy Juice, Blasto Energy Drink, and fruit & granola snacks. These seven items can be considered operating segments, because each one of these meet the three requirements of operating segments. The three requirements are: 1) It engages in business activities which it may even earn revenues and incur expenses; 2) Its operating results are regularly reviewed by the public entity’s
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Financial Analysis My analysis on this paper was derived from this year’s numbers of both companies because I wasn’t able to get their averages because of data limitations. My paper contains information about the attempt I made in analyzing the biggest corporation in the beverage industry and these are PepsiCo, Inc. and The Coca-Cola Company. The type of analysis I did was vertical analysis which others may know of as a common-size analysis. Using this technique means that every item in the financial
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