ISSUES IN ACCOUNTING EDUCATION Vol. 28‚ No. 4 2013 pp. 901–912 American Accounting Association DOI: 10.2308/iace-50542 Lessons of the HealthSouth Fraud: An Insider’s View Weston L. Smith INTRODUCTION T he night was December 6‚ 2005. I could not go to sleep. As I tossed and turned‚ my entire life replayed in my mind. How did I get to where I was? I went all the way back to my childhood. I was raised in a middle-income home with an older brother and sister and two loving parents. We were far from
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Accounting for non-accounting students eighth edition John R. Dyson ACCOUNTING FOR NON-ACCOUNTING STUDENTS Visit the Accounting for Non-Accounting Students‚ eighth edition Companion Website at www.pearsoned.co.uk/dyson to find valuable student learning material including: G G G G Multiple choice questions to help test your learning Extra question material Links to relevant sites on the web Glossary explaining key terms mentioned in the book We work with leading authors to develop
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10% The group assignment will account for 10% of the total marks. The class will be divided into groups of 6-7 students based on the active enrolment at that time. Each group is expected to analyze an assigned case that deals with ethical issues‚ accounting fraud‚ and earnings management of a well-known corporation. Detailed guidelines will be provided in class. Peer evaluation may be conducted to ensure all members contribute equally to the assignment. Therefore‚ it is strongly recommended that you
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Kenneth Johnston FROM: Constance Punch RE: Sarbanes-Oxley Act: Was the ‘one-size-fits-all’ approach justified? Nogler‚ G.‚ & Inwon‚ J. (2011‚ May/June). Sarbanes-Oxley Act: Was the ’one-size-fits-all’ approach justified? Journal of Corporate Accounting & Finance (Wiley)‚ 22(4)‚ 65-76. http://dx.doi.org/10.1002/jcaf.20691 ARTICLE SYNOPSIS When looking at the Sarbanes-Oxley Act and subsequence laws‚ the article looks at whether or not they were the correct solution regarding problems that was
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According to U.S. Securities and Exchange Commission’s Litigation Release No. 21819 and Accounting and Auditing Release No. 3234 dated January 20‚ 2011‚ on January 13th‚ 2011‚ SEC charged NutraCea‚ three former executives‚ and two former accounting personnel for overstatement of NutraCea’s product sales revenues by employing deceptive accounting schemes. NutraCea is an Arizona-based company that manufactures and sells health food products. For the second and third quarters of its fiscal year 2007
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Super Bakery Inc. Strategies Super Bakery... Save Paper Costing Methods system will work and be effective. A job order cost system and a process order cost system would not work for Super Bakery‚ Inc. for different reasons. A... Save Paper Cost Accounting Test Name: ________________________ ID: A 47. KCT Printing Company uses a job order cost system. (a) Indicate the source of the data for debiting Work in Process... Save Paper Costing Methods Paper that identifies abuse by customers‚ brokers
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difficulties was the poor quality of its new products‚ which resulted in a reported 50 percent customer return rates. After realizing that Regina was in a deep trouble‚ Sheelen‚ with the help of Regina CFO Vincent Golden‚ came up with several illicit accounting schemes to keep the company’s stock prices at a high level. In addition to significantly understating customer product returns and company’s cost of goods‚ they recorded bogus sales to inflate sales revenues‚ and implemented a so-called “ship-in-place”
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MEMORANDUM UNIVERSITY OF PHOENIX DATE: June 30‚ 2014 TO: Aretha Somerville FROM: Megan Arguello RE: Nogler‚ G.‚ & Inwon‚ J. (2011‚ May/June). Sarbanes-Oxley Act: Was the ’one-size-fits-all’ approach justified? Journal of Corporate Accounting & Finance (Wiley)‚ 22(4)‚ 65-76. http://dx.doi.org/10.1002/jcaf.20691 ARTICLE SYNOPSIS The article discusses whether the Sarbanes-Oxley Act and the subsequence laws were the correct solution for the problems that arose from the Enron and
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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hypothesis? Discussion Issues: 1-1 How does “fraud examination” differ from “forensic accounting”? 1-2 There are several steps involved in the fraud theory approach. What are they? 1-3 How does occupational fraud and abuse differ from other kinds of fraud? Give examples of other fraud types. 1-4 How does the study of criminology relate to the detection or deterrence of fraud? How does it differ from the study of accounting or auditing? 1-5 Sutherland’s contribution to criminology‚ in addition to giving
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