company’s revenue. This paper explains the fraud occurred in recognizing the revenue and how it overstated the financial statements and increased the stock price. It also explains the fraud theory applied to the revenue recognition and the auditor’s failure in discovering the fraud and reports it to the SEC. This paper will provide methods that auditors should follow in auditing public companies and the best practices they should follow if the company changed the revenue recognition. Background
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ρ(p)=ρ_0 ( 1+(1.16 p)/(1+1.7p))(1.0-ε(T-T_0 ) Peiran Yang et al. (1993) [15] presented a straight forward‚ fast and robust algorithm for Thermo EHL line contact problems. As compared to conventional N-R method this method was more efficient for pressure calculation and can be used for both micro and Non-Newtonian Thermo EHL. This can also be used for solving transient TEHL with good stability numerically. For calculating the pressure distribution they used the dimensionless form of the equations
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reasoning behind how this could produce a signal. We know that electromagnetic radiation is produced by accelerating charges. In the radio transmitter‚ electrons oscillate up and down and are thus accelerating. An electron will exert a force on another electron when they are some distance away‚ like charges repel. When the electron in the transmitter oscillates up and down‚ the direction of the force it exerts changes since the source of the force is moving. It takes some time for the change
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Q3: Should Apple lobby the FASB to change the revenue recognition rules for smartphones? In our opinion‚ Apple should lobby FASB to change the revenue recognition rules for smartphones‚ given the following reasons:- 1. Under “non-GAAP measures”‚ Apple’s performance looked much better than that under GAAP measures. Please find below a table1 summarizing the differences of key financial data between GAAP and non-GAAP measures for the fourth quarter of 2008:- Q4 2008 GAAP ($ billions) Non-GAAP
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Chapter 5: Electrons In Atoms A. Models of the atom i. The Development of Atomic Models Protons and neutrons make up a nucleus surrounded by electrons Rutherford’s model or theory ( figured electrons move around the nucleus) His theory didn’t explain why metals or compounds of medals give off characteristics of colors when heated. Also didn’t explain why the atomic model could not explain the chemical properties of elements ii. The Bhor Model Bohr proposed that an electron is found in specific
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SINGLE ELECTRON TRANSISTOR SEMINAR ABSTRACT A single-electron transistor consists of a small conducting island connected to the source and drain leads by tunnel junctions and connected to one or more gates. The nanometre scale conductive island is embedded in an insulating material. Gate signals are capacitive coupled to the island. Two gate signals can be applied to the island out of which one is optional. Here‚ only one electron can tunnel from source to drain. The processes
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processes. As a result of this‚ new areas have evolved such as bioinorganic chemistry and bioorganic chemistry. In this section we will talk about an important concept in bioinorganic chemistry called “Metallobiomolecules”. Metallobiomolecules 2.3. Electron Transfer Proteins 2.3.1. Cytochromes 2.3.2. Iron-Sulphur Proteins 2.4. Zinc Metalloproteins 1.0 Introduction to Metallobiomolecules As we already know‚ biomolecules are molecules appear in biological systems to perform a specific function‚ like
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Kinetic and Thermodynamic Reaction Condition Brandon Bullock 2/10/15 Objective The purpose of this experiment is to test kinetic theory by running several reactions and determine which product are formed under kinetic conditions and which products are formed under thermodynamic conditions. Kinetically controlled products have low transition states. This makes it easy for the product to be formed at low temperatures
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(1) summarizes the factual situation The company was started off by Amelia. The company is a family software company that Aunt Amelia started. She started working in a spare room in her house and was able to bring other relatives together to invest together and form a company. The company was a success that is became part of Wall Street just three years ago. The company has being profitable and there haven’t being any issues associated with the accounting records or any financial data associated
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EXPENSE RECOGNITION The production‚ sales‚ or cash receipts method can be used to assign revenues to periods of time. Expense recognition involves assigning or matching expenses to periods of time. Some expenses are closely related to the revenues assigned to periods of time. For example‚ the costs of goods sold during a period reflect the costs of materials‚ labor‚ and manufacturing overhead incurred to produce units of product that were sold. These costs are called product expenses. Other expenses
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