Financial Statement Restatement Paper Abstract Restatement of the financials for a company can affect a company tremendously, when it comes to the validity of the company’s financial success. A study was conducted on the company IEC and its financials. For the fiscal year of 2012, the company announced their restatement of their financials. The aftermath of the announcement are discussed. Also, the financial standing, prior to the restatement, is examined. The effects the error had on
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non-trade accounts receivable 2. investments in securities; 3. Property, plant and equipment 4. Accumulated depreciation 5. Intangibles and other assets 6. Cash in bank Documents and Records 1. STOCK CERTIFICATE- an engraved form showing the number of shares of stock owned by a shareholder in a corporation. This document provides evidence for existence or occurence assertion. 2. BOND CERTIFICATE- an engraved form showing the number of bonds owned by a bondholder. 3. BROKER'S
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earthquake there is also a nuclear energy setback the last thing that Japan needs is a nuclear melt down. Following the earthquake the U.S. stock market has dropped sharply and some U. S. companies will be negatively impacted. Global companies that do business in Japan like Coca-Cola and McDonald’s) could see a loss of revenues, causing losses in those stocks. Japan has suffered since the earthquake the radioactive materials that leaked from the reactors have not helped the relief aid. A Pentagon
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Order Code RS21253 Updated August 29, 2002 CRS Report for Congress Received through the CRS Web WorldCom: The Accounting Scandal Bob Lyke Specialist in Social Legislation Domestic Social Policy Division Mark Jickling Specialist in Public Finance Government and Finance Division Summary On June 25, 2002, WorldCom, the Nation’s second largest long distance telecommunications company, announced that it had overstated earnings in 2001 and the first quarter of 2002 by more than $3.8 billion
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Astion Bhd. has a well financial control by they have prepare a huge amount of retain earning for future use. The company is not facing any financial problem in this moment. So we suggest some way for generating fund when this company running project which is over the amount of company retains earning. Those ways can different into 2 categories which are short term sources of finance and long term sources of finance. The first short term source of finance is debt factoring. Debt factoring a factoring
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Go for Governance Amy Ashley April 10, 2014 Ashley Cobb, Instructor Rasmussen College Author Note This paper is being submitted on April 18, 2014 for Ashley Cobb’s B293/MAN2062 Section 02 Business Ethics course. Memorandum To: Board of Directors of XYZ Corporation From: Amy Ashley, ABC Consulting Firm Date: 4/17/2014 ------------------------------------------------- Re: Go for Governance Confidential Now that we are moving forward without the former CEO it is important to establish
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MAADEN (Saudi metals company) Analyzing financial statements for last 5 years. In order to study the financial situation for MAADEN Saudi Arabian Mining Company, that founded in March 1997 and became a joint stock company in 2008 by offering (462.5 million) shares for public subscription, which represented -at that time- 50% of the shares in the company which brought a large turnout to subscribers in the IPO of the company because of its high prestige in the kingdom, and the confidence
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Breach of Duty Orm Jenkins Jr Grantham University In 1993, Dweck and Nasser (Chairman and controlling shareholder of Kids) and others purchased the assets of EJ Gitano. As part of the transaction, Kids was formed and designated for tax purposes as a Subchapter S Corporation so Kids' profits would be attributed pro rata to Kids stockholders (originally only Nasser). In 1994, Taxin joined Kids as Vice President
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JA Company Program Charter We, the student of St. Dominic College of Asia under the course of business administration and a contestant of the Junior Achievement mini – company program would like to petition our Company, Musa Generis Concepts for a charter to operate in school and in other places here in the Philippines under the official policies of our company’s bylaws. Bylaws Article I: Name and Purpose Section 1: The name of this organization shall be the Musa Generis Concept Section
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Agency costs in corporate governance The information asymmetry that exists between shareholders and the Chief Executive Officer is generally considered to be a classic example of a principal–agent problem. The agent (the manager) is working on behalf of the principal (the shareholders), who does not observe the actions, or many of the actions, or is not aware of the repercussions of many of the actions of the agent. Most importantly, even if there was no asymmetric information, the design of the
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