equity and the goals of those who manage the vehicle often differ. This aligns executive-incentives with corporate performance. Companies that are profit-driven (as opposed to user-driven for example - Facebook) will use accounting numbers as a form of compensation - Profitability or Earnings Per Share (EPS) are a reliable metric or indicator of value for companies of this nature and for their shareholders. Bonding EPS with remuneration ensures that decision-making and strategy is in congruence
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companies can acquire this publicly provided data and analyze the information for different purposes. While 10K filings and annual reports contain similar data, their perspectives differ. For example, consider that the 10K is a financial fill-in-the-blank form whereas an annual report is a marketing document. The goal of the annual report is to persuade and inform current and potential stockholders. It is sent out to shareholders when companies hold their annual meetings to elect directors. Ultimately, this
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Features of a publicly traded company A publicly traded company, in essence, is a company that that trades its stocks in the public market. Examples of the public market are the stock exchange and over the counter market. A publicly traded company is also known as a public company. In a public company, the shares and stocks are not limited to a particular group of people; the stocks can be bought by anyone from the public. A public company is however required to have a minimum of two directors
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Procedures of Internal Control. Pre-numbered documents helps to ensure a transaction has not been omitted, as well as ensuring that the transaction has not been recorded more than once. We recommend the use of indelible ink to print checks, which is a form of physical control much like the accountant’s decision to lock the checks in a safe over
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Chinese Companies’ Reaction to The Delisting Announcement Background The United States is one of the world’s most attractive places for a company to go public, especially for those mainland Chinese companies with funding needs. U.S. market gives those companies a chance to raise huge amounts of capital after their unsuccessful attempts to get bank borrowings in China. And compared with the traditional initial public offering process in the Chinese stock market, listing via reverse merger in
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Are organizations hindering employee whistleblowing? Marshall Dabney ACC-302 I. When reading the article “Are organizations hindering employee whistleblowing,” it mainly talked about fraud in a business. While talking about the different frauds in a business it also talked about ways that you can prevent fraud. The article basically looks at actions businesses can take to avoid accidently discouraging fraud reporting and instead promote whistleblowing. Using a third party admin. To oversee
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Danle Corporation – Case 10-5 Discuss whether you believe that the conclusion reached by Danle to omit disclosure regarding to the class-action litigation was appropriate for the year ended December 31, 2009. In our opinion, it was not appropriate for Danle Corporation to omit disclosure relating to the class action lawsuit for the year ended December 31, 2009. First, it must be noted that ASC 450-20-25-2 indicates the following: 25-2 An estimated loss from a loss contingency shall be
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PeopleSoft, Inc. Form 425 13-4-18 下午10:10 PeopleSoft, Inc. Form 425 FILED BY PEOPLESOFT, INC. PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 SUBJECT COMPANY: J.D. EDWARDS & COMPANY FILING: REGISTRATION STATEMENT ON FORM S-4 REGISTRATION NO. 333-106269 PeopleSoft Conference Call Transcript 7.2.03 THE OPERATOR: Welcome to the PeopleSoft 2003 second-quarter preliminary earnings conference call. All lines will be in a listen only mode until the question and answer session of the conference
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A California appellate court recognized Ernst & Whinney not liable to Union Bank of California which allegedly relied on Ernst’s review report in extending $ 7 million to ZZZZ Best Co. I agree with court’s decision because Ernst & Whinney never issued an audit opinion on financial statements it was just a review report which was disclosed. However, I do not justify Ernst & Whinney because the auditors besides from failure to notice ‘red flags’ had done few mistakes which lead to the law suit.
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Travelers Completes Acquisition of The Dominion NEW YORK, Nov 01, 2013 (BUSINESS WIRE) -- The Travelers Companies, Inc. TRV +0.11% today announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited CA:ELF +0.26% . The combined organization, which will be referred to as Travelers Canada, will remain headquartered in Toronto. "The combination of Travelers Canada and The Dominion is an exciting development," said Alan Schnitzer
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