company. “In February 2003‚ Peregrine Systems restated its financial statements for eleven quarters during the years 2000‚ 2001 and 2002‚ decreasing incomes formerly reported of 1.34 billion by more than$ 507 million.” The center of Peregrine’s fraud consisted in recording revenue on the inappropriate basis of non-binging contracts with resellers (channel partners)‚ a complete violation of Generally Accepted Accounting Principles‚ – these resellers would purchase Peregrine’s software for resale
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PRUDENTIAL REGULATIONS FOR CORPORATE / COMMERCIAL BANKING (Updated on January 31‚ 2011) BANKING POLICY & REGULATIONS DEPARTMENT STATE BANK OF PAKISTAN Disclaimer: State Bank of Pakistan compiles a booklet of Prudential Regulations from time to time for convenience of users. Updated version of such a booklet containing amendments in the regulations made through circulars/Circular letters to date is being issued. Due care has been taken while incorporating amendments‚ however‚ errors and
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GOUNDER STREET‚ TIRUPUR-4 99948-40111 Protecting the Endangered Species: Marine Awareness in Tim Winton’s Shallows The earth is surrounded by two-third of water in the form of oceans‚ lakes‚ rivers‚ seas and ponds. The oceans are blessed with an amazing diversity of marine mammals. Today‚ the marine mammals face threats because of man’s greed. We believe that the first creature created by the God was the whales. Whale mythologies are heard all over the world. All the mythologies portray
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INVESTOR STOCK ANALYSIS University of Phoenix Fin 571 April 22‚ 2013 Bank of America and SunTrust are competitors in the banking industry. Aside from the obvious similtaries inherent to the banking business‚ these two companies are different when viewed through a financial perspective. Both companies operates in three segments: Consumer Banking and Private Wealth Management‚ Wholesale Banking‚ and Mortgage Banking. SunTrust Banks has a market cap of $14.81
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SUGGESTIONS TO REDUCE ABSENTEEISM 1. Provide Incentives: Giving workers incentives for reduced absenteeism is not the same as rewarding or giving workers bonuses for reduced absenteeism. An incentive provides an employee with a boost to their motivation to avoid unnecessary absenteeism. The general rule of thumb is to reward workers more frequently the younger they are and the more difficult the work is to perform. 2. Non Monetary Awards: A notice board could be put up at the shop floor displaying
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conclusions from a 10-year research program‚ the purpose of which has been to develop a framework and methodology‚ grounded in the reality of corporate behavior‚ for analyzing and evaluating corporate social performance. There are three principal sections: (a) a summary of the approaches‚ models‚ and methodologies used in conducting more than 70 field studies of corporate social performance from 1983-1993; (b) a discussion of the principal conclusions derived from the data that (1) corporations manage relationships
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Corporate Transparency vs. Business Performance Throughout history‚ mankind has had innumerable moments of corruption and greed. From the City-State wars in ancient Greece to the organized crime during the prohibition‚ human beings have always been prey to the desires of wealth and power. While our current society may seem civilized compared to those eras‚ the shallow traits which haunted mankind then are still in play in today’s society. There are always going to be people looking for a way to
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People are at peace when they are surrounded by others who are like them‚ accept them‚ and don’t try to change them. When one is free to be him or herself they will be happy. Society has the power to control this freedom and make one feel trapped. Individuals can be manipulated to believe in irrational ideas or morals. In One Flew over the Cuckoo’s Nest by Ken Kesey‚ Nurse Ratched‚ the ward and society outside the ward influence and try to control the patients. The power of the patients’ minds determines
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Bank fraud is a crime that has been around as long as banks themselves. Anytime there is a large amount of money floating around‚ there are going to be people trying to figure out ways to get to it. In the United States‚ and most other developed countries‚ bank fraud is a serious problem that causes billions of dollars in damages every year‚ and is considered a federal offense. In China bank fraud is even punishable by death. Bank fraud is defined as attempting to wrongfully take money or property
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Dilemma Faced In this case study‚ Gloria Londono‚ a health care entrepreneur and owner of several eldercare centres‚ Calidad de Vida as it is called‚ has a cloud of dilemmas hovering on her mind. Victor Serna‚ an angel investor‚ has offered her three million euros as an investment in her company. However‚ Victor does not prefer franchising and had informed Gloria that he would rather she open up new centres with direct ownership and control. On top of that‚ he is demanding for a twenty-five per
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