Enron’s collapse was the result of unethical practices; alas‚ such practices had a long‚ ignominious presence. The Enron story begins with CEO Kenneth Lay‚ who in 1986 combined his Houston Natural Gas company with several other entities. Until 1996‚ Enron primarily sold natural gas. Yet‚ in a sign of trouble to come‚ in 1987 Lay overlooked evidence of financial misdeeds in the company’s Valhalla‚ NY unit as executives Louis Bourget and Thomas Mastroeni greatly inflated profits while embezzling
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Problems 5-1 through 5-2 (Graded) 5-1 Earned Value Calculation You are 4 months into a 6 month project. The project is linear‚ which means that the progress and spending occurs at a constant rate. Our crack project team of highly skilled associates has worked diligently and put in extra hours to keep the project going. Our accounting department has provided the following data at the end of month 4: Actual cost to date = $88‚800 Planned expenditures to date = $101‚000 The CFO is excited
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This paperwork ACC 561 Assignment Wiley Plus Week 2 includes answers to these exercises: E13-5 The comparative balance sheets of Nike‚ Inc. are presented here. Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. E13-6 Here are the comparative income statements of Winfrey Corporation. Complete the horizontal analysis of the income statement data for Winfrey Corporation using 2009 as a base E13-9 Armada Company has these comparative
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Individual Summary Question One ACC-290 March 3rd 2014 Individual Summary Question One It is commonly known that most commercial and general accounting principles use accrual based accounting over cash based accounting. Accrual based accounting is more advanced than cash based accounting so that is why most accountants chose this over the latter. Cash based accounting is when revenues are recognized when cash is received and when expenses are recognized when cash is paid. Cash based accounting
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situation analysis‚ the marketing program‚ and the advertising plan are key considerations. As suggested in the diagram‚ the three legs of advertising planning concern: (1) objective setting and target market identification‚ (2) message strategy and tactics‚ and (3) media strategy and tactics. The advertising plan is best thought of as part of an overall marketing plan which should be developed following a situation analysis of the organization’s particular situation. Situational analysis implies research
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In the file ACC 290 Week 2 Learning Team Reflection you will find overview of the following parts: Learning Team Reflection Paper Four Basic Financial Statements Rules of Debit and Credit Journalizing Basic Transactions Use of Financial Statements to External Users Conclusion References Business - Accounting Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business? Identify the four basic financial statements. Classify transactions
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Learning Team Week 5 Project sponsor is critical to the success of a project‚ because this ensures the success of the project. A project sponsor is basically a person or organization that is in charge of driving projects towards the direction that will defiantly bring the project to a successful competition. According to our reading‚ project sponsors champion the project and use their influence to gain approval of the project. When a project manager here’s about a project sponsor they already have
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related to MO next week) (sources: Tutorial on MO (Bb article); CMO-R in instruction of autistic children (Bb article) 1. Basic motivating operations (see article by Langthorne and McGill (Tutorial on MO) a. Define and describe the functions of motivating operations. Include all the aspects of motivating operations including terms such as: establishing/abolishing operations (reinforce/value altering effect); evocative/abative effects (behavior altering effects). Explain how the impact of a motivating
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E13-1 Pioneer Corporation had these transactions during 2011. (a) Issued $50‚000 par value common stock for cash. (b) Purchased a machine for $30‚000‚ giving a long-term note in exchange. (c) Issued $200‚000 par value common stock upon conversion of bonds having a face value of $200‚000. (d) Declared and paid a cash dividend of $18‚000. (e) Sold a long-term investment with a cost of $15‚000 for $15‚000 cash. (f) Collected $16‚000 of accounts receivable. (g) Paid $18‚000 on accounts payable
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åHOME|MAIN | | Banks and Unethical Practices | Almost every business concern is involved in unethical practices in one way or the other and so are the banks in Pakistan. The primary source of information on this subject amongst other sources are publications of SBP and annual reports of Pakistan Banking Mohtasib which was established in 2005 to resolve banker-customer disputes and since then it has effectively contributed towards improvement in banking sector.Banks in Pakistan are involved
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