prison • Monus and Patrick Finn his CFO • Manipulated I.S. accounts (understate cost of goods sold and overstated inventory) for 6 years • Inventory went from $11 million in 1989 to $153 million in 1991!! • Investors lost over $1.1 billion after Stk. Equity overstated by $500 million. • Problems: Poor MIS‚ poor internal control (bypass accounts payable controls by having a supply of blank checks)‚ hands off management style of CFO‚ inadequate internal auditing‚ collusion
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True b. False 6. This year‚ Funny Company hired Rebecca who graduated from CityU with a Bachelor’s degree in Accountancy. The CFO of Funny was very impressed by Rebecca’s education background and honesty and assigned her to deposit company’s cash and checks on daily basis and keep a journal of the company’s cash. Do you agree with the CFO’s decision? a. Yes‚ I agree. The CFO is very wise to assign an honest person with excellent accounting background to handle company’s cash. b. No‚ I disagree. This
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Dalman and Lei have discussed two possible avenues to grow and expand Sandwich Blitz‚ Inc. One possible strategy would be to franchise locations. Another strategy would be to secure venture capital to finance an internal expansion by opening more company-owned shops. Dalman feels that he just does not have time to investigate these options because he is spending an increasing amount of his time assisting the location managers. Lei noted that two of the location managers had exhibited a lot of skill
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MASTER PAPER On IDENTIFYING THE MAJOR CHALLENGES OF SUPPLY CHAIN MANAGEMENT OF SUPERSTORE FOR SINHA LTD Prepared For Ms. Rabeya Rahman Lecturer Department of Management Studies Jagannath University Dhaka. Prepared By MUHAMMAD ZAHID HOSSAIN SHIKDER Roll No # 085587 Section: B Department of Management Studies Academic Session: 2007-2008
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most trusted advisers”. http://www.accountingweb.com/topic/cfo/survey-shows-accountants-are-most-trusted-advisers‚ September 2 6‚ 2006) Accountants were said to be the most trustful advisors of an organization according to the survey of SurePayroll. Small business owners also said that they are the most meaningful people to their achievements. (“Survey shows accountants are most trusted advisers”. http://www.accountingweb.com/topic/cfo/survey-shows-accountants-are-most-trusted-advisers‚ September
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Indra Nooyi: Keeping Cool in Hot Water Indra Nooyi joined PepsiCo in 1994 and was named president and CFO in 2000. Nooyi has directed the company’s global strategy for more than a decade and led PepsiCo’s restructuring‚ including the 1997 divestiture of its restaurants into Tricon‚ now known as Yums! Brand. Because of her desire to win‚ Nooyi fought hard for PepsiCo’s successful $3.3 billion acquisition of Tropicana in 1998‚ eyeing the transaction as a vehicle to increase PepsiCo’s earnings
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WHY DO FIRMS GO PUBLIC? Forthcoming in the Oxford Handbook of Entrepreneurial Finance James C. Brau‚ PhD‚ CFA Professor of Finance Editor‚ Journal of Entrepreneurial Finance July 1‚ 2010 Department of Finance Marriott School Brigham Young University 640 Tanner Building Provo‚ Utah 84602 Phone: 801.318.7919 Fax: 801.422.0741 Electronic copy available at: http://ssrn.com/abstract=1649008 WHY DO FIRMS GO PUBLIC? Six months after he founded Netscape‚ Clark agitated for the company
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Introduction The Sarbanes-Oxley Act was one of the best rules and regulations that were passed for accountants. However‚ it did have its advantages and disadvantages. It was signed to address all the audit failures and all the trust issues with the public accounting market and to possibly put a stop to all the corporate financial accounting scandals that were taking place during the years of 2000 and 2002. `“One who is faithful in a very little is also faithful in much‚ and one who is dishonest
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announcement to the day before the ministry’s announcement. In mid 2008‚ in preparation for negotiation with Coca-Cola for a possible deal‚ the chief financial officer (CFO) of Huiyuan‚ Mr. Francis Ng‚ worked to evaluate the fair value of his company. He started with financial forecast. In this question‚ suppose you are the CFO and work on the three-year financial forecast for the period 2008-2010. With the provided balance sheets and income statements of the years 2005-2007 (posted on course
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Course | SECURITIES INVEST (Fa12) | Test | Chapter 1 self assessment | Started | 9/8/12 4:38 PM | Submitted | 9/8/12 5:00 PM | Status | Completed | Score | 34 out of 34 points | Time Elapsed | 21 minutes. | Instructions | | * Question 1 1 out of 1 points | | | Corporate shareholders are best protected from incompetent management decisions by Answer | | | | | Selected Answer: | the threat of takeover by other firms. | Correct Answer: | the threat of takeover
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