investors and creditors. It would benefit them greatly because the audit work should be done with better care therefore they can use the statements with more trust. I feel that the judge should have authority to decide who auditors are liable to. In this case is clear that Touche was negligent and they should have liability to all foreseen third parties. 2) In section 11 of the securities act of 1933 the auditors have the burden of proof and in the securities exchange act of 1934 section 18 the plaintiffs
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Jessica Ho 11-6-12 ACG 6425 Case 22-4 – Enager Industries‚ Inc. 1. McNeil’s project was rejected because it only provides a 13% return and does not meet the minimum return of 15% mandated by Henry Hubbard. Although the project does create some increase in earning per share‚ it does not provide the required return to keep up with the interest rates the corporation had been paying on the recent borrowings. 2. Randall and Hubbard seem to have disregarded that each of the divisions
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Case 12-4 Part I and II only HemoTech Inc. This case gives students an opportunity to determine the appropriate accounting for multiple-element revenue transactions under US GAAP and to explore the sources of IFRS s guidance for multiple element revenue transactions‚ specifically related to the identification of deliverables and the determination of selling price. Part I Applicable Professional Pronouncements ASC 450‚ Contingencies (ASC 450) ASC 605 -10 -S99‚ Revenue Recognition:
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References: Anthony‚ R.N. and Govindarajan‚ V. (1995)‚ Management Control System‚ Irwin‚ Chicago‚ IL. Ax‚ C. and Bjornenak‚ T. (2000)‚ “Bunding and diffusion of management accounting innovations: the case of the balanced scorecard in Scandinavia”‚ paper presented at the European Accounting Congress‚ Munich. Chenhall‚ R.H. and Morris‚ D. (1986)‚ “The impact of structure‚ environment‚ and interdependence on the perceived usefulness of management accounting
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group mapping 35 3.4 Competitive Profile Matrix 36 3.5 SWOT Analysis 37 3.6 IFE Matrix for smartphones 38 3.7 EFE for smartphones 39 3.8 Space Matrix for smartphones 40 3.9 Grand Strategy Matrix for smartphone industry 42 3.10 Conclusion 43 4. Analysis of the ipod segment 44 4.1 Introduction 44 4.2 PESTEL Analysis 45 4.3 5 Porter’s Forces 46 4.4 CPM Matrix for ipods 48 4.5 S.W.O.T. Analysis for iPod 49 4.6 IFE MATRIX for ipod 50 4.7 EFE matrix for ipod 51 4.8 SPACE Matrix 52 4.9
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CHEMTECH INC Case 13-1 1. What problems are faced by Chemtech in the following areas: logistics and supply chain management‚ purchasing‚ and marketing? Chemtech Inc established in 1980‚ is a market leader in production of chemicals in Atlanta. Its principal utilities and a distribution center are located in outside Atlanta. Chemtech is facing a problem in logistics and supply of its produce as it has only a single distribution center which is facing a huge requirement of expansion and addition
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HISTORY:- Apple Inc.‚ formerly Apple Computer‚ Inc.‚ is an American multinational corporation headquartered in Cupertino‚ California[2] that designs‚ develops‚ and sells consumer electronics‚ computer software and personal computers. Its best-known hardware products are the Mac line of computers‚ the iPod music player‚ the iPhone smartphone‚ and the iPad tablet computer. Its consumer software includes the OS X and iOS operating systems‚ the iTunes media browser‚ the Safari web browser‚ and the iLife and iWork creativity
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Internet Case Study: Andrew-Carter‚ Inc. Andrew-Carter‚ Inc. (A-C) is a major Canadian producer and distributor of outdoor lighting fixtures. Its fixture is distributed throughout North America and has been in high demand for several years. The company operates three plants that manufacture the fixture and distribute it to five distribution centers. During the past few years‚ A-C has seen a major drop in demand for its fixture as the housing market has declined. Based on the forecast of interest
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CASE 2.6 CBI HOLDING COMPANY‚ INC. Synopsis Ernst Young audited the pharmaceutical wholesaler CBI Holding Company‚ Inc.‚ in the early 1990s. In 1991‚ Robert Castello‚ CBIs owner and chief executive‚ sold a 48 stake in his company to TCW‚ an investment firm. The purchase agreement between Castello and TCW identified certain control-triggering events. If one such event occurred‚ TCW had the right to take control of CBI. In CBIs fiscal 1992 and 1993‚ Castello
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structure is CBF using? Circuit Board Fabricators Inc. uses a job shop process flow structure. The job shop process flow structure is a production of small batches of a large number of different products.The job shop process is also a flexible operation that has several activities through which work can pass. In a job shop‚ it is not necessary for all activities to be performed on all products‚ and their sequence may be different for different products.CBF‚ Inc. bases its board fabrication process on the
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