WorldCom: internal audit lessons to be learnt On June 9 2003‚ the U.S. Bankruptcy Court of New York issued a report on the WorldCom accounting fraud that expands on the court’s earlier findings of mismanagement‚ lack of corporate governance‚ and concern regarding the integrity of the company’s accounting and financial reporting functions. Supervised by former U.S. Attorney General Richard Thornburgh‚ the study was commissioned by the court to investigate allegations including fraud‚ mismanagement
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Team Work Can Make a Difference By: Craig Jensen November 11‚ 2014 COM/100 Instructor Bradley Nygren Introduction University of Phoenix is known for making students great team players as there graduates enter the work force. Many teams have been able to do great work at ease‚ while other teams struggled and had to grow together. There was a team that had four eager students that wanted to learn and do their best. At the start of their college career‚ they worked together at ease. Classes
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COMPREHENSIVE PROBLEM 2 Music-Is-Us A mini-practice set illustrating numerous aspects of the accounting cycle for a merchandising business organized as a corporation. Students are expected to: (1) prepare a bank reconciliation‚ (2) make adjusting entries—including adjustments related to marketable securities‚ uncollectible accounts‚ inventory shrinkage‚ and depreciation‚ (3) prepare an income statement‚ a statement of retained earnings‚ and a balance sheet‚ and (4) assess the financial condition
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1) What is the intended role of each of the institutions and intermediaries discussed in the case for the effective functioning of capital markets? The main role of intermediaries is to fill the information gap between the investors who wish to invest money for higher returns and companies who need financing. Role of Venture Capitalists: The main role of VC is to screen good business ideas from the bad ones‚ invest in a good firm and nurture them until the company exits through a trade sale or
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Old Milon’s Cleverness Guy De Maupassant‚ author of “Old Milon”‚ composes a short story‚ set during the Franco-Prussian War‚ in which Milon portrayed as a stupid‚ old peasant attempts to obtain his vengeance on the raiding Prussian opponents‚ objectively demonstrating his most distinguishable characteristic -- cleverness. Permitting his ultimate rivals‚ the Prussian soldier‚ to inhabit his home as a headquarters‚ reveals his cunning through masking his hatred for the Prussians‚ by acting like a
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The story of Romeo and Juliet contains many controversial topics that are mainly focused on teenagers. The most amazing fact about this story is that even though this story was written hundreds of years ago‚ the teenagers today still go through the same ordeals or‚ even wonderful events as well. One of these important topics in this story was friendship. Romeo and Mercurito’s friendship was portrayed as what people would call today a "best friends" status. This was quite obvious in the text and
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CHAPTER II Review of Related Literature and Studies Related Literature According to Thai (2005) that to prove the point‚ it is responsibility to provide all the evidences to support whatever claims you are making without data results that supports that claims. It is not a completed work and ideas should be clearly presented and easy to understand. According to Gail Lavielle of Wal-Mart on The Associated Press (2006)‚ Wal-Mart runs its stores on a perpetual inventory system‚ which records the quantity
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Medieval Universities The English universities were one of the most significant creations of Medieval England. The scholars who attended eitherOxford or Cambridge Universities set an intellectual standard that contrasted markedly with the norm of Medieval England. Oxford University came into being some 20 years before Cambridge University. The church had a major impact at Oxford. The town came within the diocese of Lincoln‚ yet Oxford had its own archdeaconry. It was the input of the church that
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Verbal Communication A warning gunshot fired into the air‚ a verbal command to get down on the ground‚ and a sign plastered on a correctional facility wall that reads‚ ‘warning: you are under surveillance‚’ all pertain to forms of communication. Communication engages individuals verbally and nonverbally. Verbal pertains to spoken words‚ and nonverbal pertains to written or actions performed. The topics of discussion for this essay involve describing how verbal and nonverbal communication effect
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SPEECH BY MR THARMAN SHANMUGARATNAM‚ MINISTER FOR EDUCATION‚ AT DEEPAVALI LIGHT UP SWITCH-ON CEREMONY ON FRIDAY‚ 15 OCTOBER 2004‚ AT 7.00 PM Mr Heng Chee How‚ Minister of State‚ Ministry of Trade and Industry‚ and Mayor‚ Central Singapore CDC Mr Lim Neo Chian‚ Deputy Chairman and Chief Executive‚ Singapore Tourism Board Mr V R Nathan‚ Chairman‚ Hindu Endowments Board Dr Uma Rajan‚ Adviser‚ Little India Shopkeepers & Heritage Association Distinguished Guests Ladies and Gentlemen
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