Melissa Vest Liberty University I. Introduction: Enron used many legal accounting practices to commit fraudulent accounting activities II. The genius, or ingenious, accounting methods Enron used: 1. Special purpose entities a. Synthetic leases b. FAS 140’s 2. Hedges 3. Share trust transactions 4. Minority interests 5. Prepays 6. Mark-to-market 7. Stock Games III. Conclusion: The beginning of the end Enron Scandal I have always tried to do
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While some might categorize accounting as a matter of strict principles, numbers and exactitude, there are people who disagree and argue that there is a creative side to it. The article “Creative Accounting: How to Buff a Company” by Ken Brown elaborates on it. Summary Accounting has never been an exact science; yet, auditors often face the situations where their judgment is required. This judgment must be applied to hundreds of transactions, depending on the company. While doing this, they do
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years since to transform itself into a global powerhouse in key fields of endeavor. Today, DIC and the companies of the DIC Group supply an extensive lineup of products in four business segments: Printing Inks & Supplies, Neo-Graphic Arts Materials, Synthetic Resins and Chemical Solution Materials. Now in its second century in business, DIC is redoubling its efforts to develop and market innovative, highperformance products that respond to market needs, in line with its “Color and Comfort by Chemistry”
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Company Profile and History Founded in the year 1985, MediTech Global (MTG) is a United States based limited liability company operating for the past 27 years specializing in the manufacturing and distribution of high end medical equipment to health care providers. It was founded in Boston Massachusetts, where the current head office of the company is located. It operates in United States, Canada, London and China. Manufacturing plants are based in the United States and China and it operates as
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REPORT ON Cash flow analysis of BEXIMCO SYNTHETICS LIMITED Date of Submission: 20/04/2013 Submitted to: Pallab Kumar Biswas Dept. of Accounting & Information Systems University of Dhaka. Submitted by: Rashmin Ridita Dept. of Accounting & Information Systems BBA 16TH BATCH Roll ‐16076 Section‐A Letter of Transmittal To Pallab Kumar Biswas Dept. of accounting & information systems University of Dhaka Subject: Submission of report on analysis of cash flow statements
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rate of 5%, we can calculate the annualized lease rates according to the formula: F0,T = S0 × e( r −δl )×T ⇔ F0,T S0 = e( r −δl )×T ⇔ ⎛F ln ⎜ 0,T ⎝ S0 ⎞ ⎟ = ( r − δ l) × T ⎠ ⇔ δl = r − 1 ⎛ F0,T ⎞ ln ⎜ ⎟ T ⎝ S0 ⎠ Time to expiration Forward price Annualized lease rate 3 months $70.70 0.0101987 6 months $71.41 0.0101147 9 months $72.13 0.0100336 12 months $72.86 0.0099555 The lease rate is less than the risk-free interest rate
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With a continuously compounded annual risk-free rate of 5%, we can calculate the annualized lease rates according to the formula: F0,T = S0 × e(r−δl )×T ⇔ F0,T S0 = e(r−δl )×T S0 = (r − δl ) × T F0,T 1 ln T S0 ⇔ ln F0,T ⇔ δl = r − Time to expiration Forward price Annualized lease rate 3 months $70.70 0.0101987 6 months $71.41 0.0101147 9 months $72.13 0.0100336 12 months $72.86 0.0099555 The lease rate is less than the risk-free interest rate. The forward curve is upward sloping, thus the
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Assets………………………………………………………………………..………….page 4-5 Goodwill……………………………………………………………………………………………..….page 5-6 Impairment…………………………………………………………………………………………….page 6 Liabilities………………………………………………………………………………………………..page 6-7 Interest and Bonds…………………………………………………………………………………page 7-8 Leases…………………………………………………………………………………………………….page 8 Works Cited……………………………………………………………………………………………page 9 Dell Inc: A Major Competitor in the Computer Business Introduction Dell is a global information technology company that offers its customers
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1944: Law And Legislation Archives consist of articles that originally appeared in Collier's Year Book (for events of 1997 and earlier) or as monthly updates in Encarta Yearbook (for events of 1998 and later). Because they were published shortly after events occurred, they reflect the information available at that time. Cross references refer to Archive articles of the same year. 1944: Law And Legislation The presidential elections of 1944 were an impressive demonstration of the meaning of democracy
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Definitions are commonly used in technical documents to help audience members who are unfamiliar with the terminology in a technical field. In this conference, we look at definitions in terms of their audience. 1. Select a term commonly used in your major or field of study/work. For example, if you are a computer science major or work in information technology, you might select the term "kernel" related to an operating system. 2. Find a definition of the term on a credible website and post
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