REGINA COMPANY POINT OF VIEW: Regulator – National Commission on Fraudulent Financial Reporting CASE CONTEXT: Regina Vacuum Cleaner Co. seemed to be doing excellent as manifested in its healthy 1988 annual Financial Statements. However‚ Regina Company ended up as a tragic story that served as cautionary epic to investors‚ creditors‚ auditors‚ the public and the government. The Company was acquired through a leveraged buyout by a group of Top Executives led by Donald Sheelen‚ former
Premium Balance sheet Generally Accepted Accounting Principles
http://www.whoislog.info/profile/dudley-seers.html People Privacy Contact Search Advertisement Home » People » S Dudley Seers Economist ◀ ▶ Jump to: 1. Personal facts 2. Death facts Share on facebook Share on twitter Share on email Share on print More Sharing Services 0 Dudley Seers (1920–1983) was a British economist who specialised in development economics. After his military service with the Royal Navy he taught at Oxford and then worked for various UN institutions. He was the director of the
Premium Economics Royal Navy Development economics
Case Title: Regina v. G and another (Appellants) (On Appeal form the Court of Appeal (Criminal Division)) Citation: [2003] UKHL 50 Procedural History (PH): The appellants were charged on 22nd August 2000; without lawful excuse damaged by fire; commercial premises and being reckless as to whether such property would be damaged. The appellants stood trial before Judge Maher in March 2001. The appellants’ case at trial was that they expected the fire to extinguish itself on the concrete
Premium Mind Criminal law Mens rea
The legal citation of the case. Regina v [2001] NSWSC 1011 (8 november 2001) The elements of the offence. In order for a trial to be brought‚ the police and prosecutors might be able to prove that the elements of the particular offence are present. In this criminal case both Actus reus‚ Mens rea as well causation was clearly shown through the behavior of Katherine Knight. Actus reus is the term referring to ‘guilty act’ meaning any voluntary actions of omissions that constitutes to a crime
Premium Law Common law Contract
Regina Case Regina Company Inc. was known as a complacent slow-growth company and was dominated by Hoover and Eureka within the floorcare industry. Donald Sheelen was a promising young individual when he was hired first as the head of the marketing division in Regina‚ and then became its president. Shortly after becoming company president‚ Sheelen set out to make Regina the industry’s number one company and repeatedly vowed to “bomb” Hoover‚ the number one firm in the industry at the time. Sheelen
Premium Stock market Big Four auditors Accounting scandals
Regina Company Inc. Common Size Income Statement Year 1988 1988 1987 1987 1986 19862 Net Sales $181‚123 100% $128‚234 100% $76‚144 100% Cost of Goods Sold $94‚934 52.41% $70‚756 55.18% $46‚213 60.69% Selling Distribution and Administrative $21‚870 12.07% $14‚621 11.40% $10‚366 13.61% Advertising $39‚992 22.08% $26‚449 20.63% $8‚557 11.24% R&D $2‚423 1.34% $1‚530 1.19% $1‚182 1.55% Total Operating Cost & Expenses
Premium Generally Accepted Accounting Principles Balance sheet Revenue
of View The group decided to look into the Regina Company case using the perspective of a financial analyst who will report to the Electrolux management and board. This decision was due to the following reasons: 1. Any further audit from the side of Regina‚ Electrolux or the SEC will only yield a similar result as the last audit thus being redundant and utterly useless 2. Looking at the case in the perspective of a member of the board of Regina will prove to be useless in evaluating the case
Premium Income statement Balance sheet Revenue
I have a pretty interesting history that I didn’t know until now. My great grandmother Regina Magier and my great grandfather Alter (Alex) Magier came to America in 1947 after World War II. It must have been hard to regroup after all they went through during the war. Regina and Alter had a tough childhood in Poland being part of the Holocaust. Regina grew up in Warsaw with her parents and her sister. It had been tough growing up with war all around and never truly being safe. She didn’t have an education
Premium Family Mother Father
1. Prepare common-sized financial statements for Regina for the period 1986 to 1988. Also‚ compute key liquidity‚ solvency‚ activity‚ and profitability ratios for the years 1987 and 1988. Given these data‚ identify what you believe were the high-risk financial statement line items for the 1988 Regina audit. I computed the ratios for 1986 as well as the required 1987 and 1988. The most interesting occurrence is how the values for the growth were not translated in the ratios. As sales increased
Premium Finance Balance sheet Economics
Jason Kush MUSI 473 01 3 May 2016 Regina Carter Regina Carter was born in Detroit‚ Michigan on August 6th‚ 1962. Her parents were not musicians (her father an autoworker and her mother an elementary school teacher)‚ but her cousin‚ James Carter‚ is a jazz saxophonist. She began piano at age two and violin at age four. She took lessons at the Detroit Community Music School. In addition to her musical studies‚ she took dance‚ focusing on tap and ballet. Regina was classically trained‚ but became
Premium Music New York City Family