What is a theory? In this book we consider various theories of financial accounting. Perhaps‚ there¬fore‚ we should start by considering what we mean by a ’theory’. There are various perspectives of what constitutes a theory. The Oxford English Dictionary provides various definitions‚ including: A scheme or system of ideas or statements held as an explanation or account (description) of a group of facts or phenomena. Explanation or Account (description) of a group
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QUESTIONS FOR MID-TERM EXAM 1. All the users of interested parties (users of information) have equal possibility/rights/power to get company’s financial information. Do you agree with this statement (give you arguments)? How financial statements are useful to the various interested parties (users of information)? Financial accounting’s aim is to allow all the users of interested parties to understand firm’s situations in global and synthetic way. The financial statement produce information
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recent years‚ however‚ the profession has been really rather racy. Auditors have been implicated in fraud after fraud. The Enron scandal brought down Arthur Andersen‚ which had been one of the profession ’s five giant firms. Now a scandal at Italy ’s Parmalat that was uncovered in late 2003 threatens Deloitte & Touche‚ another global giant‚ as well as Grant Thornton‚ an important second-tier firm. And new scandals are still emerging: most recently‚ financial manipulation was discovered at Fannie Mae
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Differing Perspectives: U.S. and European Business Ethics Abstract In 2002‚ Robert Kagan‚ then Senior Associate at the Carnegie Endowment for International Peace‚ wrote the groundbreaking treatise “Power and Weakness‚” comparing American and European perspectives and policies as they relate to global power. He concludes that the two mindsets are so divergent that indeed‚ Americans are from Mars‚ Europeans are from Venus; a nod to the iconic John Gray work. If business is power‚ then this
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Earnings Management and Its Implications Educating the Accounting Profession By Michael D. Akers‚ Don E. Giacomino‚ and Jodi L. Bellovary August 2007 Issue AUGUST 2007 - In the wake of continuing‚ highly publicized E-mail Story financial frauds and failures‚ the accounting profession has placed renewed emphasis on issues related to earnings Print Story management and earnings quality. The SEC and the public are demanding greater assurance about the quality of earnings. Staff Accounting Bulletin
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IMPLEMENTING THE NISSAN RENEWAL PLAN I. Business Description Nissan Motor Company‚ Ltd‚ shortened to Nissan‚ is a Japanese multinational automaker headquartered in Japan‚ founded 1932. The Nissan group consists of Nissan Motor Co.‚ Ltd. (the "Company")‚ subsidiaries‚ affiliates‚ and other associated companies. Nissan is a motor company that is renowned for its innovative designs that reflect the spirit of the organisation. Its aim is to offer customers “competitive products and services to
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Hamza Ahmad Hamza Ahmad Hamza Ahmad STUDENT ID: W12302464 Hamza Ahmad STUDENT ID: W12302464 Advanced Audit Course work Advanced Audit Course work Contents EXECUTIVE SUMMARY 1 INTRODUCTION 3 CHANGES IN REGULATIONS 3 CHALLENGES AND RESPONSIBILITIES 4 RESPONDING TO THE CHANGES 4 Research Studies 4 Response to Surbanes-Oxley Act 5 Response to the European Commission’s proposals 6 Enron Failure 6 Arthur Andersen failure 6 Lehman Brothers failure 6 Ernst & Young
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International Journal of Contemporary Business Studies Vol: 3‚ No: 10. October‚ 2012 ISSN 2156-7506 Available online http://www.akpinsight.webs.com at Corporate Accounting Frauds: A Case Study of Satyam Computers Limited Madan Bhasin Professor in Accounting‚ Bang College of Business‚ KIMEP University‚ Almaty‚ Republic of Kazakhstan ABSTRACT Corporate entities of all sizes‚ across the globe‚ are easily susceptible to frauds at any points of time. From Enron‚ WorldCom and Satyam‚ it appears
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Table of Contents 1. Introduction 3 2. The Phenomenon 3 3. The theories / the literature 6 3.1 Different economic theories 6 3.2 How would Locke‚ Smith and Marx evaluate the various events in this case? 7 4. The Reality 8 5. Conclusions/Decisions 9 1. Introduction The moon is an orbital albino‚ and it gets tons of sunlight‚ so I propose Operation Sunscreen‚ where astronauts coat the surface of the moon with a protective layer of sunscreen. If you care about albinos and
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of countries. To eliminate the risk involved in financial issues a system of principles‚ procedures‚ policies‚ responsibilities‚ accountabilities are used by stakeholders. Many of the famous financial scandals are noted in the history occurring at Parmalat‚ Nortel‚ and Enron. It has cost a lot of drop in the market‚ huge loss of saving‚ loss of jobs and decrease in taxes. The financial scandals have made corporations to learn and practice new methods. The imports and exports must be managed effectively
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