analyzing the relationship between Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) I realized that both play an important role in the accounting field. There are different objectives for each board and I will explain the similarities and differences. I will describe the role of government regulation in the application of accounting standards and reporting requirements. Finally‚ I will present a situation in a governmental accounting environment in which FASB
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HealthSouth Corporation Case Study By Robert H. Barr‚ Jr. - © 2012 In 2002‚ HealthSouth Corporation was one of North America’s largest outpatient surgery‚ rehabilitation and diagnostic imaging companies. HealthSouth had over 1800 facilities in all 50 states plus the United Kingdom‚ Australia‚ Puerto Rico‚ Canada and Saudi Arabia. In 2002 HealthSouth had over 50‚000 people on staff in sales revenues in excess of $4 billion per year. HealthSouth worked with more than 85‚000 referring physicians
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situation given. (One mark for each matching) A. Corporate governance F. Liabilities B. Going concern concept G. Financial Accounting Information. C. Reliability (Objectivity) Principle H. Generally accepted accounting principles D. Stable-dollar assumption I. Realization principle E. Accrued basis accounting J. Matching principles ____1. Future payment the business owes to creditors. ____2. The rule that requires financial statements to reflect
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Coding Fraud Michael Anastasio Ultimate Medical Academy Before answering the questions “what are my responsibilities for billing on a procedure that was not performed but asked to do so anyway”‚ Let me explain a little on Medical Billing Fraud? It is an attempt to fraudulently obtain payments from insurance carriers. Fraud in medical billing cost tax payers and medical providers millions of dollars annually (all-things-medical-billing.com). In 1996‚ HIPPA established the Health Care Fraud and
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Before the 1950’s anxiety was mainly treated with barbiturates and meprobamate. However‚ these drugs have disadvantages linked to dependence and abuse. Consequently‚ there was a need for new medication with fewer side effects [1]. In the 1950’s‚ Sternbach‚ a chemist at Roche‚ started looking for a new anxiolytic. He started this process by using benzheptoxdiazines‚ molecules which he had previously worked with. He synthesised new compounds using his key product and secondary amines. After having
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Non-governmental organization From Wikipedia‚ the free encyclopedia "NGO" redirects here. For other uses‚ see NGO (disambiguation). Valdis Dombrovskis‚ then Prime Minister of Latvia‚ meeting an NGO representative A non-governmental organization (NGO) is the term commonly used for an organization that is neither a part of a government nor a conventional for-profit business. Usually set up by ordinary citizens‚ NGOs may be funded by governments‚ foundations‚ businesses‚ or private persons. Some
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examples of Accounting Frauds. The founder of ZZZZ best was Barry Minkow. He was a very smart young entrepreneur when he started the company. He was involved in credit card forgeries prior to starting his own carpet cleaning business “ZZZZ Best Company”. Minkow began his business with small carpet cleaning jobs and he became a multimillionaire in a very short period of time. Minkow met a person named Tom Padgett at Los Angeles Health club. This was the beginning of Minkow’s big fraud scheme. Padgett
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Therefore‚ the start of this increase in drug abuse and widespread illness is due to the condemning ignorance in which the United States is responsible for. If there would have been doctors involved that would have alerted the people of the great dangers of drug abuse and cocaine and crack cocaine addiction as doctors Smith and Wesson tried to warn the country. The 1960s drug use were characterized as “youthful rebellion.”It gained the attention of the President Nixon and therefore he established
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Civilian oversight is as American as apple pie. It serves as an important checks and balance between the police and the policed‚ a notion on which the United States was built upon. Law enforcement is essential to our modern society. In a city as dense as New York City‚ comprised of 8 million people in an area that is only 468.9 square miles‚ keeping order is imperative to the city. Law enforcement officials have the monumental task of maintaining order. It is law enforcement’s job not only to investigate
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Donna Sanders Financial Statement Fraud Week 12 There are many things that can motivate financial statement fraud. Taking a look at Donald Cressey’s hypotheses which is now known as the fraud triangle depicts the certain criteria for the mind frame of the fraudster. The fraud triangle is a theory that consists of perceived pressures‚ perceived opportunity‚ and rationalization. It gives us the different pressures placed on individuals that would make them consider “cooking the books.” It also
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