Case Study 9 Kim Chau California Southern University MKT 86519 Dec 19‚ 2014 N. Papazian Accounting for Enron Introduction In the case of Accounting for Enron‚ the case concerned one of the largest corporate bankruptcies in the US history at the turn of the 21st century. It was Enron Corporation‚ a one time seventh largest most successful US company‚ sixth largest energy company in the world‚ valued at over $70 Billion; they filed for chapter 11 on December 2‚ 2001. Just the year before‚ Enron
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Graphical analysis assignment. NAME: COURSE: INSTITUTION: INSTRUCTOR: DATE: The given graph shows a shift of the demand curve to the right. This is an increase in demand. This change results due to influencing factors other than prices such as an increase of number of consumers and a positive change in terms of consumer taste and preference. A good example is DVD’s. In this case‚ let our original price of DVD’s be 40 and our original quantity demanded of DVD’s be 20. At a price of 50 a shift to
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discuss the financial condition by analyzing the annual reports of Blackmores in the period from financial year 2010 to financial year 2012. It will be demonstrated by focusing on financial statements analysis‚ financial statements comments and comparison with Mcksson. Financial statement analysis Goals and ethical issues As the famous Australian pharmaceuticals‚ Blackmores sets its objectives as pursuing the leadership position of Australian natural health brands and improving people’s lives
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CASES FROM MANAGEMENT ACCOUNTING PRACTICES Table of Contents Case 1: Case 2: Bal Seal Engineering Robin Cooper Bill’s Custom Planters William Stammerjohan Deborah Seifert Dublin Shirt Company Peter Clarke in assoc. with in assoc. with Paul Juras Wayne Bremser ECN.W William Lawler Endesa Gary M. Cunningham Scott Ericksen Francisco J. Lopez Lubian Antonio Pareja Kincaid Manufacturing Jon Yarusso Ram Ramanan Osram.NA John Shank Lawrence Carr William Lawler Pleasant Run Children’s Home Brooke E. Smith
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Accounting for the iPhone at Apple‚ Inc. (HBS 9-111-003) 1. Exhibit 3 provides the journal entries under subscription accounting. Refer to the example in Exhibit 3. a) Complete the following FSET assuming the Apple follows subscription accounting to account for iPhone’s sales revenue (separately for the transaction in Quarter 1 and in Quarters 2 to 8). Balance Sheet Income Statement Transaction Cash Asset + Noncash Assets - = Liabilities + Contrib. Capital + Earned Capital Revenues
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the next year. • Dividend of $ 20‚000 was declared on 15 October 2012‚ and been paid on 15 November 2013. • On 31 October 2012‚ Dyson sold the entire interest for $1.1 million. • Partial goodwill method is used in Malone. Theory and Impact of Accounting Treatment • AASB 10 Paragraph 97-99 The consolidated financial statement involves adding together the financial statement of the parent and subsidiary and making a number of adjustments. • Impact of Investment on Consolidation - On 30 June 2012
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viewed Leeson to be independent. 4. Background Review: Due to the fact that the management of Baring Bank had created a wrong impression of Leeson they failed to investigate him even to the claims of the 88888 account letting the culprit handle the case and do a report to them. This was wrong and led to Leeson falsifying documents to cover up his tracks. 5. Limits to
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customer loyalty‚ and perhaps most importantly‚ human capital. These intangible assets are likely to provide tremendous earnings growth in the future which determines the company’s market value. Notice also that the company’s choice of conservative accounting policies has the effect of depressing the company’s book value of equity. 2. What effect did Microsoft’s software capitalization policy have on its financial statements? Ignore any potential tax effects. a. Assume that 60% of Microsoft’s
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product is shrinking. This is why we advise not to adopt a contribution margin approach. 3. How does Wilkersons existing cost system operate? Develop a diagram to show how costs flow from factory expense accounts to products. The existing cost accounting system is based on a normal job costing system. The cost of purchased raw materials is recorded in the direct materials account‚ therefore either accounts payable account can be increased or cash account decreased. Raw materials are transferred
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Report Analysis Telstra Corporation Ltd. Team Members: Chak Wai Ting 2084619 Christopher Nichol 7383479 Jono Gelbart 9697926 Shehani Lokeswara 2051060 INDEX Corporate Financial Report Analysis 1 Executive summary 3 Introduction 4 Business Background 4 Trend Analysis - Transition from 2011 5 Ratio Analysis 6 Executive summary The purpose of this report is to evaluate the financial performance of Telstra Corporation Limited from a trend analysis and ratio analysis composed
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