Edexcel HND in Business Management Assignment Front Cover Sheet Please complete all areas of this form‚ sign‚ and attach to each submitted assignment. Submit each assignment according to the instructions provided in your Course Outline. A. STUDENT/S TO COMPLETE Course Name : HND in Business Management Managing Financial Resources and Decisions Assignment No 3 Student Number: Edexcel Registration No: Student Full Name: Tutor’ Name:Mr. B. Karthik Date Due: 17/08/2014 Date Submitted: Declaration
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AVOIDING INVESTMENTS IN FRAUDULENT COMPANIES: THE WORLDCOM FRAUD Introduction The purpose of this report is to investigate and discuss the accounting fraud that occurred at WorldCom in order to recommend improved strategies to Berkshire Hathaway’s management for avoiding investments in companies with fraudulent financials. Accounting fraud is a crime committed by high level employees at an organization to manipulate the organization’s financial statements and intentionally disguise company
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follow. Berkshire Hathaway – Tuesday‚ September 7‚ 2004 Background: The case captures the dynamics of auditor-client relations. The SEC has recently been critical of the audit profession‚ arguing that CPA firms are too ready to agree with clients’ questionable accounting decisions. This case demonstrates what can happen to an audit firm when it stands up to an audit client over an audit issue. Actors: Warren Buffett‚ Peat Marwick partner in 1983‚ KPMG partner in 1984 (assume a new partner was involved)
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Two Successful Business People Who Inspire Me Success is something that we all aspire to. We cannot feel genuinely happy for long if we felt like a failure within. The most encouraging reality about success is that it is attainable to all irrespective of who we are what we are or where we are. Success also has a different meaning for each one of us. Success being a personal realization should logically be achievable by all‚ but we know that this is not really so. Most of us are unable to accomplish
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environment of the organization (Raghavan‚ 2014). In 2010‚ Dominic Barton‚ Managing Director of McKinsey‚ an 87-year-old global consulting firm with annual revenues in excess of $7 billion‚ faced a problem never before encountered by the firm. Two senior partners‚ Rajat Gupta and Jain Anil Kumar‚ were found guilty of securities fraud when they contacted Raj Rajaratnam of the Galleon Hedge Fund and informed him in two separate instances of impending high value investment transactions before they were publically
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1) Evaluate the terms of the proposed $900 million financing from the perspective of both parties. How would you calculate the return to investors in this transaction? If you need more information‚ what information do you need? Evaluation from Berkshire Hathaway and Lehmann Brother’s Perspective Williams was known for its solid assets‚ strong demand for its products and a reputation for excellent service. Its market value for Equity as compared to its competitors was as follows: The Williams Companies
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◀ Cinema Comprehensive index starts in volume 5‚ page 2667. Civil Service Examinations Kējǔ 举 科 The civil service examination system‚ a method of recruiting civil officials based on merit rather than family or political connections‚ played an especially central role in Chinese social and intellectual life from 650 to 1905. Passing the rigorous exams‚ which were based on classical literature and philosophy‚ conferred a highly sought-after status‚ and a rich literati culture in imperial
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married early‚ at the age of 23‚ on April 29‚ 1885 to Edward Wharton in New York City. (Campbell 1). Ethan Frome written by Wharton in 1911 is highly influenced by the atmosphere‚ people‚ and situations during Wharton’s residency in Berkshire. To begin‚ the location of Berkshire alone had tremendous influence in the New England setting of Ethan Frome. This quote from Wharton’s‚ A Backward Glance reveals how that came to be‚ “My two New England tales‚ ‘Ethan Frome’ and ‘Summer‚’ were the result of explorations
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In 1965‚ Warren Buffett acquired control of a New England textile business called Berkshire Hathaway for about $10 a share. Today the stock sells for around $134‚000 a share and Mr. Buffett is the second richest person in America. The stock has never paid a dividend. How does this amazing success fit the theory that the value of a stock is based on the present value of the expected future stream of dividends? Some corporations chose to reinvest earnings rather than pay out dividends. Often corporations
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for: Warren Buffet 2005 1. What is the possible meaning of changes in the stock price of Scottish Power plc and Berkshire Hathaway on the day of the acquisition announcement? Specifically‚ what does the $2.17 billion gain in the value of Berkshire Hathaway say about the intrinsic value of PacifiCorp? The increase in the stock price of Scottish Power plc and Berkshire Hathaway indicate a market approval for the acquisition and created value for both buyers and sellers. 2. Based
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