Financial Statement Fraud Analysis “XEROX CORPORATION” The objective of the assignment was to do an analysis of a company’s financial statement and identify areas in where financial fraud may be occurring or has occurred. The company I chose for the assignment was Xerox Corporation (“Xerox”). In my opinion based on the analysis of Xerox financial statements from 1998 to 2000‚ a review of outside sources such as Securities Exchange Commission (“SEC”) filings‚ and other periodical resources‚
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The structure of the joint venture between Xerox Corporation and Fuji Xerox became an issue in the beginning of the 90´s. The growth of the competence from Canon‚ Richoh and Minolta in the low-end copiers and Kodak and IBM in the high-end has led them to lose market share. The growth of the Asian and South Pacific Market as well as the necessity of Fuji Xerox to be more independent becomes a challenge for the managers of the Xerox Group. We need to find the best practices in product designs‚ manufacturing
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1. ** Is Fuji Xerox a successful joint venture in 1990? How do you measure its performance? Fuji Xerox was definitely a successful joint venture in 1990s‚ and its performance is measured by three different types of category as follows Financial measures Its revenue out of Xerox’s increased by over 20% from less 5% in 1970s to approximately 30% in 1990s. (Refer to Exhibit 1). Also‚ during 1981-1989‚ while Xerox Corporation’s net income increases by only 17.7% from $598 million to $704 million
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MT5012 2013-02-21 Xerox Case Study Q1. What kind of strategic planning process (bottom-up or top-down) did Xerox follow for its turnaround? What interference can you make about the effectiveness of this approach? I would recognize Xerox’s strategic planning process as a top-down one‚ considering a lot of emphasis in the case is put on the major change achieved by the CEO Mulcahy. This could indicate that many of the ideas regarding cutting costs and regaining growth descended from one person
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Q 1. Anne leaves a rich legacy that is defined by her close connection to Xerox customers‚ her active engagement with Xerox people‚ and her steadfast commitment to the values of the company that are inherent in its culture and in her effective leadership‚? Said N.J. Nicholas‚ Jr.‚ lead independent director of Xerox’s board of directors. ?As important‚ she has worked closely with the board to ensure a seamless and well planned leadership succession. She has earned our tremendous respect and our
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Index Q1: What kind of person does John Clendenin? 1. Communication 1.2. Capability 1.3. Networking Q2: What were Clendenin business objectives and personal objectives been at Xerox? 2.1. Business objective: 2.1.1.MDC 2.1.2.XEROX 2.2. Personal objective: Q3: What obstacles did he confront in accomplishing these objectives? 3.1. PEOPLE RELATED 3.1.1 STAFF-Downward Management 3.1.2. PEERS-Horizontal Management 3.1.3. BOSS-Upward Management 3.2. ORGANIZAITON RELATED 3.2.1. MULTI-REPORTING
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1. What have John Clendenin’s objectives been at Xerox? Clendenin‚ when he was is Harvard Business School has set an objective that he had to be successful enough to be a corporate officer in a Fortune 50 corporation. Later‚ he wanted to land up to cabinet-level position in the government. The moment he joined Xerox he had developed an objective to climb the ladder of organisation and reach up to the high level staff within few years of time. Clendenin’s hard work and dedication and also proposing
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------------------------------------------------- Did Xerox Blow it? Xerox PARC (Palo Alto Research Center Incorporated) was founded in 1970 as a division of Xerox Corporation. It is a research and development company in Palo Alto‚ California with a well-known reputation for its contributions to information technology and hardware systems. It is responsible for developing well-known and important inventions such as the Ethernet‚ laser
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CASE STUDY Xerox Corporation Question 1 Outline the management control system at Xerox. What are the key elements that make the system work? During 1970s‚ the management system of the company was rigid and accuracy was emphasized‚ which compromised the management control quality and also lead to unnecessary bureaucracies. In addition‚ customers’ satisfactions were also neglected due to the bureaucracy occurred. Then‚ the company’s targets were set unrealistically by the numbers people i.e.
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1. Discuss the advantages and disadvantages of Xerox’s intention to operate ACS as a standalone business. Advantages- By consolidating its document management services with ACS’s client back office operations‚ Xerox anticipates to increase its overall revenue. Only 20% of the two firm’s customers overlap. This enables a cross selling of each firm’s products and services to the other firm’s customers. Disadvantages- Xerox’s credit rating was downgraded to triple B-minus‚ which is only one
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