Creative accounting refers to accounting practices that seem to follow the letter of the applicable accounting standards but deviate from the spirit of those standards. It is the use of accounting methods to hide aspects of a company’s financial dealings in order to make the company appear more or less successful than it is in reality. In other words‚ Creative accounting is the transformation of financial accounting figures from what they actually are to what preparers desire by taking advantage
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In 1998‚ Betty Vinson was promoted to a senior manager in the firm’s corporate accounting division. Two years later in her position she experienced a major ethical dilemma. The company WorldCom was a very successful company up until the middle of 2000 when the telecommunication industry entered a protracted slump. The company’s earnings were not Wall Street expectations‚ and it was saddled with unpaid bills. Vinson’s job was to repair the problem by doing some wrong accounting practices. The ethical
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Wan-Ting Shao * Ananya Chandra * Niteesh Chinta * Shraddha Rane * Swathi Punreddy The Rise and fall of WorldCom This case study WorldCom is a telecommunications company which was led by CEO‚ Bernard Ebbers‚ and CFO‚ Scott Sullivan. In 1999‚ WorldCom was not meeting Wall Street’s revenue and earnings expectations‚ and it appeared that the coming year would produce more bad news. The CFO argued for setting realistic targets.
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Case Study Coopers Creek and the New Zealand wine industry Heather Wilson and Maureen Benson-Rea This case describes the growth of a medium-sized New Zealand winery – Coopers Creek. It is concerned with the changing collaborative arrangements employed by Coopers Creek to service domestic and international markets since its inception. These changes are set against the background of a small‚ rapidly internationalising industry within a global market environment. Readers are encouraged to analyse
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CASE 3: COOPERS BREWERY Analyze the Australian brewing industry. What characterizes this industry? To analyze the competitive structure of this industry‚ we can apply Porter’s Five Forces. This model of industry analysis uncovers the following aspects of the Australian brewing industry: Threat of new entrants: The Trade Practice Act of 1974 lead to national consolidation and a focus on economy of scale. This created an advantage for high volume firms already competing in the industry
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sledding all day with your friends‚ but in the story ‘stray’ Doris only shovel her driveway and step way. Try to be in her shoes for a day.The story ‘’stray’’ is about a young girl named Doris and how her family is poor and diris is working hard to help her parents.Like doris and her family kids in poverty act like they try not to show their feelings or emotions and kids will try to work extra to help and might have family problems. In the story “stray” by cynthia rylant writes to show the kids in poverty
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What are the concerns and what are the bargaining positions of each group of Nicholson stockholders? What must Cooper offer each group in order to acquire its shares? Introduction : Nicholson File Company was faced with poor sales and low profit performances conservative accounting policies and a very low percent of outstanding stick which was held by the Nicholson family. the management was also functioning badly .The family had no interest in joining forces with people from outside and the
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Cooper Green Hospital and the Community Care Plan Cooper Green Hospital and the Community Care Plan HSA 599 Dr. Hunter April 28‚ 2013 Cooper Green Hospital and the Community Care Plan 1 The following paper will explore and discuss six (6) unique problems associated with delivering health care to an indigent population. This paper will discuss the five (5) ways that the Community Care Plan will improve the health status of the community. This paper will
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game from a female players perspective. In the autobiography "She Got Game: My Personal Odyssey" by Cynthia Cooper it shows the reader just that‚ the dedication being brought by a woman into the game of basketball. Cynthia Cooper is one the best female basketball players America has produced. In the past ten years she has accumulated MVP awards‚ scoring titles‚ gold medals‚ and championships. Cooper shares how she made it to the top of her profession after growing up poor in Watts and wining a scholarship
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We Need Whistleblower Act Urgently Recently‚ many people are mentioning the buzz word “Whistleblower”. This word originated from United Kingdom where the police will blow their whistle whenever a crime occurs to get the attention of their colleagues and the public. The “Whistleblower” we are talking is to allow the public to be aware of abuses by the government or other institutions‚ so that action will be taken to correct the situation. Generally‚ abuses mean someone has violated the law‚ rules
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