CAS 11-2 Amerbran Company Amerbran Company was a diversified company that sold various consumer products‚ including food‚ tobacco‚ distilled products‚ and personal care products and financial services. Financial statements for the company are shown in Exhibit 1. The 20X1 financial statements reflect the following transactions (dollar amounts are in thousands): 1. Depreciation and amortization expense was $115‚974. 2. Net income included a loss of $66‚046 resulting from the write-off
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Case the Mystery of the Disappearing Oil Mat Jon Weakness 1. Increases in costs of goods sold (85m) and inventories(18m) disproportionate with growth of sales 2. Current purchasing system contributed to redundant purchasing and high inventory holding costs 3. Siti Aminah (CFO) has no experience in system and technology 4. Internal control weaknesses: Purchasing system Current purchasing system contributed to redundant purchasing and high inventory holding costs and caused increases
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ACTG2010 Exam-AID session. It is intended for students enrolled in any section of Introduction to Financial Accounting – ACTG2010 course who are looking for an additional resource to assist their studies in preparation for the exam. References Friedlan‚ John. Financial Accounting: A Critical Approach. Toronto: McGraw-Hill Ryerson‚ 2010. Print. Richardson‚ Alan J. Cases in Financial Accounting: A Principles-based Approach. Toronto‚ ON: Nelson‚ 2007. Print. Contents Chapter 1: page 2 Chapter
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17bn more loans revealed by Hamesh Khan | Names four Bank of Punjab directors who got benefits for themselves | By Ansar Abbasi | | ISLAMABAD: Hamesh Khan’s stunning revelations before the NAB investigators have taken the lid off a unique scandal of the banking history in which the Bank of Punjab offered loans worth billions of rupees to the business concerns of its directors. Sources said that all these directors were associated with the Bank of Punjab during Pervez Elahi’s tenure as chief
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Assignment – Social Accounting What is Social Accounting? “Social accounting and auditing is about understanding the impact of organisations on our society and the overarching context is sustainability: both sustainability of the organisation itself (the interrelation of the social‚ the environmental‚ the cultural and the financial) and sustainability of behaviour which contributes to a future for the people and the planet. Social accounting is distinct from evaluation in that it is an internally
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Beginning in 2000‚ CMS Marketing‚ Services and Trading Company began to make energy trades that had no economic justification. As stated in the Securities and Exchange Commission cease and desist order ¡§CMS materially overstated its revenues‚ expenses and energy-trading volumes in 2000 and 2001 through the use of undisclosed round-trip energy transactions conducted by its Houston-based energy-trading division‚ MS&T.¡¨ These trades have now become known as "round-trip" trades. CMS issued false Press
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West Point Cheating Scandal Description: In April of 1976 it was found that there was a possibility that over half of the junior class at West Point Academy had violated the West Point honor code by cheating on a case assignment. The honor code states "A cadet will not lie‚ cheat‚ or steal‚ nor tolerate those who do." This was by far the largest violation of the honor code in West Point history and presented some unusual challenges to the administration. As the year dragged on it was found
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LGST001 Ethics and Social Responsibility Sears Auto Center Scandal Managing Business Ethics Text (pp.207 - 210) Ethical Decision-making Issue: Should Sears remove its commission-based compensation scheme? Group Stand: The majority of the group believes that Ellen should be removed from the team. Support for Motion: Rawl’s theory/Egalitarianism The underlying inequality is that car owners are paying for repair services they do not require while Sears benefits by earning higher
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Ethical Scandal Analysis of: David Pajcin and Eugene Plotkin Insider Trading Case Presented In Partial Fulfillments of the Course Requirements for FIN 4615 International Banking Prepared for: Marcos A. Kerbel Adjunct Professor Department of Finance Florida International University Miami‚ Florida Prepared by: David Kevin Vargas 2899406 (954) 443-4973 November 24‚ 2009 |[pic]
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Magnitogorsk Technical State University Foreign Languages Department № 2 Report: «The History of Accounting» Done: Izhevsky V. Checked: Gamper E.E. Magnitogorsk 2011 Contents - Introduction -- 1. What Is Accounting -- 2. History --- 2.1. Ancient Accounting --- 2.2. Accounting In Mesopotamia --- 2.3. Accounting In Ancient Egypt‚ China‚ Greece and Rome --- 2.4. Medieval Accounting --- 2.5. Italian Renaissance: Birth of Double Entry Bookkeeping ---- 2.5.1. Luca Pacioli Biography
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