Final Exam – Fall 2011 Name __Caroline Herring__ Part One – Discussion Questions. Answer the questions in sufficient detail. For these discussion questions‚ find at least two online references of examples for each of the questions. In other words‚ what companies are using these topics in their operations? 1.. Explain process variation and process capability as it relates to the 6-sigma quality methodology. What companies are touting the use of 6-Sigma (other than Pocono Medical)? How
Premium Management Question Answer
Concepts a. (i.) According to FASB Statement of Concepts No. 6‚ paragraph 25‚ assets are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. They represent probable future economic benefits controlled by the enterprise. According to FASB Statement of Concepts No 6‚ paragraph 80‚ expenses are outflows or other using up of assets or incurrences of liabilities (or a combination of both) during a period from delivering or producing
Premium Depreciation Generally Accepted Accounting Principles Asset
Personal Reflection: Ngai Tsz Chung 30222738 In this project‚ I totally got my fault and feelings of powerless. As we are the first present groups in this subject‚ we did not have a good sample and some guidelines to follow. After many times of the modification of the PowerPoint‚ we still had some mistakes. Besides‚ we got many of the sources on this topic. Unfortunately‚ we can’t fully use the resources and used them in the best way. For example‚ I read a paper written by Wong Hung about the concept
Premium Writing Management Essay
TUGAS CORPORATE FINANCE 38. Calculating Loan Payments. You need a 30-years‚ fixed-rate mortgage to buy a new home for $250‚000. Your mortgage bank will lend you the money at a 6.8 percent APR for this 360-month loan. However‚ you can only afford monthly payments of $1‚200‚ so you offer to pay off any remaining loan balance at the end of the loan in the form of single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $1‚200? 54. Calculating
Premium Time Finance Money
Worldcom appeared to be a great success story. However‚ the success began to unravel with the accumulation of debt and expenses‚ the fall of the stock market‚ and long distance rates and revenue. It would take 2 years for the extent of these problems to become public‚ and accounting scandals like that of Worldcom would make history in the finance and telecommunication areas. While the intent is to make money to benefit a person or a group of people through illegal acts while disguising their illegal
Premium Enron Accounting scandals Arthur Andersen
Ethical versus Unethical Behavior Carlos Mercado University of Phoenix MGT 344 November 17‚ 2007 Ethical versus Unethical Behavior Companies establish ethics policies as a way to identify expectations of workers and to offer guidance on handling common ethical problems that might arise in the course of doing business. For an organization to determine whether a behavior is ethical or unethical‚ the terms must be defined. The term ethical behavior refers to how an organization
Premium Ethics Business ethics
Money‚ Attitude‚ and Unethical Behavior Business Research Methods December 11‚ 2013 Introduction Many believe that the success of a business is determined by they amount of money they generate on an annual basis. Because of this widespread belief‚ we often see a lack of morals‚ values‚ and ethics incorporated into the business. Many businesses feel as if there is no room for ethics in the business world and that the relationships built should focus solely on the generation
Premium Ethics
Accounting Fraud at WolrdCom Introduction WorldCom‚ US second largest telecommunication company shocked the world by filing bankruptcy at 21 July 2002. The WorldCom filing surpassed Enron and became the largest bankruptcy filing in United States history. Due to its rapid growth‚ WorldCom is also heavily in debt as they finance the company growth with debt. The collapse of WorldCom did not just affect their employees‚ retailers‚ the government but also bankers. WorldCom was a multi-billion dollar telecommunications
Premium Board of directors Corporate governance Fraud
Unethical Practices and Behavior in Accounting The Sarbanes-Oxley Act of 2002 (SOX) was created to prevent fraudulent financial activities‚ and to provide investors with more accurate financial resources on corporations. Under SOX‚ companies are held accountable if they fail to maintain the requirements that were set forth in the act. The act requires companies to maintain satisfactory internal control measures‚ provide responsible financial reports‚ disclose periodic reports‚ and establish rules
Premium Annual report Internal control Auditing
Internal Controls XACC/280 4/21/2013 There are many rules companies must follow whenever documenting financial information or any other data which is gather during any business transactions. In order for said companies to report financial information internal controls have to be put in place as companies have to adhere to certain laws and regulations. Internal controls can be defined as a process which companies follow in order to ensure all financial reporting is done in a reliable and
Premium