Lucent Technologies Caser University of Phoenix Axia College Acc 230 October 3‚ 2010 Lucent Technologies After reviewing the Case Review of Lucent Technologies‚ it was apparent the Lucent Technologies assets suffered a large decline between the years of 2003 and 2004. In 2003 the current assets consisted of 49.4% of their total assets while in 2004 the current asset percentage decreased to 48.5%. After a more close and thorough evaluation‚ it is apparent that the inventory did increase
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2. What financial statement adjustments will Lucent have to make to correct the revenue recognition problems announced in late 2000? Lucent recognized revenue when persuasive evidence of an agreement exists‚ delivery has occurred‚ the fee is fixed and determinable‚ and collection of the resulting receivable‚ including receivables of customers to which Lucent has provided customers financing‚ is probable. For sales generated from long-term contacts‚ primarily those related to customized network
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The Lucent Accounting Scandal Abstract The case discusses the accounting frauds committed at the US-based telecommunications giant‚ Lucent Technologies Inc. (Lucent) during early 2000. It provides an insight into the ways by which the financial statements were manipulated at Lucent. It examines the loopholes in the financial management of the company and the price it had to pay for circumventing the provisions of law. The case examines the allegations against Lucent and its officers with reference
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“Lucent technologies is a company that designs and delivers the systems‚ software and services that drives the next generation communications networks. They are backed by Bell Labs research and development” (Fraser & Ormiston‚ p 79‚ para 2). “They use their strengths in mobility‚ optical‚ access‚ data and voice networking technologies‚ as well as services‚ to create new revenue generating opportunities. This makes it possible to help them better manage their networks. Their customers include
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Lucent Technologies Case Yulissa T. Ortiz Salgado March 30‚ 2013 Financial Reporting: Peeking Under the Financial Hood Mrs. Darcie Sargent The Lucent Technologies is a company that helps creating new revenue generating opportunities for customers through the communication service. We all know how useful and important communication services have become throughout the years. Lucent Technologies is compounded of three organizations around the products and they are: Integrated Network Solutions
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I. EXECUTIVE SUMMARY Alcatel One Touch designs‚ manufactures‚ and markets globally an expanding portfolio of mobile and Internet products designed to be as individual as the people who use them. Currently the fastest growing of the world’s top ten mobile phone manufacturers‚ ALCATEL ONE TOUCH makes access to today’s mobile lifestyle simple by offering colourful‚ easy-to-use devices equipped with the technology people need most at smart prices they can afford. Alcatel One Touch is a brand for
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Executive Summary This memorandum is intended to communicate the deferred tax issues of Lucent Technologies Inc. on the basis of analysis of the veracity of the situation according to the reporting framework’s guidelines to anticipate unfavorable implications that had been resulted due to poor performance of the company over the past years. The Financial Accounting Standards Board (FASB) is the recognized body for making pronouncements as Generally Accepted Accounting Principles (GAAPs) in the
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23: Mergers and Other Forms of Corporate Restructuring After studying Chapter 23‚ you should be able to: Chapter 23 Explain why a company might decide to engage in corporate restructuring. Understand and calculate the impact on earnings and on market value of companies involved in mergers. Describe what benefits‚ if any‚ accrue to acquiring company shareholders and to selling company shareholders. Analyze a proposed merger as a capital budgeting problem. Describe the merger process
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voluntary merger. There was significant value addition of HDFC in terms of increase branch network‚ geographic reach‚ customer base and a bigger pool of skilled manpower. For HDFC Bank‚ this merger provided an
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June 2010 Perspectives on merger integration Table of contents 5 A new generation of M&A: A McKinsey perspective on the opportunities and challenges Despite continued uncertainty‚ signs point to a surge in M&A activity that will be ambitious in both scope and profile. 11 Beyond risk avoidance: A McKinsey perspective on creating transformational value from mergers Most mergers are doomed from the beginning. Anyone who has researched merger success rates knows that roughly
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