The Satyam Computer Services scandal was a corporate scandal that occurred in India in 2009 where chairman Ramalinga Raju confessed that the company’s accounts had been falsified. The Global corporate community was shocked and scandalised when the chairman of Satyam‚ Ramalinga Raju resigned on 7 January 2009 and confessed that he had manipulated the accounts by US$1.47-Billion. Contents [hide] 1 Role of Auditors 2 Aftermath 3 New CEO and special advisors 4 Acquisition by Mahindra Group
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Electric Car Vs Gasoline car Nowadays‚ people are very crazy about having a car and the present scenario provide them with different kind of power transmission engines‚ however‚ the engines based on electrical and gasoline are common. In electrical transmission vehicle‚ there is a set of batteries that provides electricity to the motor. The engine then turns a transmission‚ which turns the wheels. In gas-powered car there is a fuel tank‚ which supplies gasoline to the engine and the engine gives
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Ellis School: Oberlin High Territory: Jamaica Registration #: 100086 Teacher: Ms Gray Centre #: 100086 Date: February 2009 An investigation into the documents used in the accounts office at an organization in Kingston. Name: Alex Ellis School: Oberlin High Territory: Jamaica Registration #: 100086 Teacher: Ms Gray Centre #: 100086 Date: February 2009 CONTENT PAGE ACKNOWLEDGEMENT 2 PART 1 3 TITLE 4 AIMS 4 FUNCTIONS
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w w w e tr .X m eP UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level e ap .c rs om MARK SCHEME for the October/November 2009 question paper for the guidance of teachers 9706 ACCOUNTING 9706/42 Paper 42 (Problem Solving – Supplement)‚ maximum raw mark 120 This mark scheme is published as an aid to teachers and candidates‚ to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks.
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Pakistan has not only lost precious lives and infrastructure; according to official estimates‚ it has also suffered a loss of around $ 35-40 billion since 2001-2002. Pakistan‟s economic growth came to a near halt at around 2.00 per cent in fiscal year 2009‚ not only as a result of the global financial crisis‚ but also because of internal issues. These included a war on terror launched by security forces in the North West Frontier Province (NWFP) and the Federally Administrated Tribal Areas (FATA) bordering
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financial policies in Asia directed by Yilmaz Akyüz. An earlier version was presented at the Conference on the Effects of the Global Financial Crisis on Asian Developing Countries and Policy Responses and Lessons‚ held in Penang‚ Malaysia on 18-20 August 2009 and organised by the Third World Network and Consumers Association of Penang. The authors wish to thank the following for their helpful insights and comments: Dr Chan Huan Chiang‚ Dr Cheong Kee Cheok‚ Dr Rajah Rasiah and Dr R. Thillainathan; and Ms
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life‚ fitting well into this competitive and materialistic society. Everybody wants to be the first‚ to stand on the top of the mountain. Although the university year is still in its early stages‚ students who are applying for graduate positions in 2009 have almost missed their chance. Companies have begun their recruitment earlier this year. These companies never worry about lacking in people to work for them‚ what they really need are those who are eagerly preparing his/her resume to get into the
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Euronext. It was India’s fourth largest company in India’s IT industry‚ offering a variety of IT services to many types of businesses. Its’ networks spanned from 46 countries‚ across 6 continents and employing over 20‚000 IT professionals. On 7th January 2009‚ Satyam scandal was publicly announced & Mr. Ramalingam Raju confessed and notified SEBI of having falsified the account. Raju confessed that Satyam’s balance sheet of 30 September 2008 contained: * Inflated figures for cash and bank balances
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The balances of the control accounts for installment contract receivable at the beginning and at the end of 2009 were: 1/01/2009 12/31/2009 Installment Accounts Receivable: 2007………………………… P 24‚020 P - 2008………………………… 344‚460 67‚440 2009………………………… - 410‚090 As collections are made‚ the company debits to Cash and Credits Installment Accounts Receivable. During 2009‚ upon default in payment by customers‚ the company repossessed merchandise having an estimated selling price
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The plaintiff’s claim is for unpaid proceeds of goods sold and services provided in the amount of $1‚760‚085.41. Such goods and services were provided to Nippon (Boluo) Electronics Co Ltd (“Nippon Boluo”). By a “confirmation letter” dated 9 March 2009 (“the confirmation letter”) signed and issued by the defendant‚ the defendant confirmed to the plaintiff that it would be responsible for the settlement of all the purchase orders placed by Nippon Boluo with the plaintiff. At all material times
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