financial results with market expectations by violating the generally accepted accounting principles and their financial reporting responsibilities. According to the U.S. Securities and Exchange Commission, Richards with other CA executives extended CA’s fiscal quarter, “ instructed and allowed subordinates to negotiate and obtain contracts after quarter end while knowing, or recklessly disregarding the fact that, CA would improperly recognize the revenue from those contracts, and failed to alert CA’s Finance
Words: 1621 - Pages: 7
Did the Stimulus Work? Mehrdad Namazi Angela Agboli Ph.D Pad520 Apr 9, 2012 The Stimulus Analysis In this research I am trying to explain why the stimulus packages did not stimulate the economy that much, where the money is gone and also evaluate some alternatives. Congress has enacted two huge stimulus programs since the recent recession started in 2008. The first one was under President Bush for $152 billion and the second one was under President
Words: 1987 - Pages: 8
4.6.1.1 Viewing and Editing SL Requirements (UIC Level) To view and edit Sustainment Load requirements at a UIC level: 1. Log on to the TAMIS Live Site. A List of Affiliations dialog displays your affiliated hierarchy level(s). 2. Select a Fiscal Year for your parent hierarchy level. The TAMIS Home
Words: 2189 - Pages: 9
concern with DOT, highway patrol and the safety of others on the road. 2. Describe the proposal/change. (10 points) the Department of Transportation (DOT) announces the availability of funding authorized in the amount of $17.525 million in Federal fiscal year (FY) 2013 funds to provide grants to States for enacting and enforcing distracted driving laws. 3. Write the public comment which you would submit to this proposal. If the proposed regulation deadline has already passed, write the comment you
Words: 817 - Pages: 4
To understand the important role that business plays in the economy and its influence on your standard of living, imagine a world in which you personally had to produce everything you consume. You would have to grow your own food, sew your own clothes, cook all of your meals, and build your own car, computer, cell phone, house, and furniture. It would be impossible to actually complete all of these activities on your own. Only a fraction of these activities could be completed because it takes a lot
Words: 1165 - Pages: 5
investigated the potential wrongdoings. Investigators found enough evidence to prove that the former CFO illegally facilitated the backdating of many contracts. Richards' involvement, as the global head of sales, included facilitating extensions of the fiscal quarter, allowing other employees to obtain contracts after the quarter-end (to boost reported earnings), and he failed to bring to the accounting and finance departments' attention that contracts may have been backdated. Stephen Richard's actions
Words: 760 - Pages: 4
Procurement and Contract Law 26 February 2012 Introduction The Federal Acquisition Regulation (FAR) is a set of principles that govern the government procurement process. It regulates the purchasing of goods and services by the government. The FAR is codified in Title 48 of the U.S. Code of Federal Regulations. It is prepared, issued, and jointly maintained by the Secretary of Defense, the Administrator of General Services, and the Administrator of the National Aeronautics and Space Administration
Words: 839 - Pages: 4
Little Pigs Inc. Solution Several factors including increased supply have caused declining prices for live hogs on the spot market. Also as shown bellow futures prices will remain below the carrying cost for live hogs until nearly the end of the fiscal year. However processed pork products such as bacon, loins, and ham remain above the current cost of production. Three Little Pigs Inc. is capable of processing hogs into these products internally at some locations. Unfortunately, not all hogs can
Words: 1111 - Pages: 5
current year. What alternative tax years can High elect to report its initial year’s income? The High Corporation can choose either the calendar year or the fiscal year. A calendar year a 12 month period ending on December 31th and a fiscal period is also a 12 month period ending on the last day of each month other than December. For the fiscal year the High Corporation would start on the set up date of May 1th and end April of the following year. High Corporation decides to use the calendar year then
Words: 524 - Pages: 3
Universities and (SUCs), Government-Owned or -Controlled Colleges Corporations (GOCCS)i Heads of Local Government Units (LGUS)i and All Others Concerned Guidelines on the Grant of the Productivity Enhancement Incentive (PEl) to Government Employees for Fiscal Year SUBJECT (FY) 2014 1.0 Background 1.1 Item (4)(h)(ii) of the Senate and House of Representatives Joint Resolution (JR) No.4, series of 20091 provides that incentives for government personnel shall inciude rewards for exceeding agency financial
Words: 1690 - Pages: 7
