Dell and the SEC Kent H. Shanks Argosy University-Hawaii Dr. Gholam Khaleghi August 14‚ 2013 Abstract This research paper describes the crisis scenario of Dell‚ Inc. as the company faced securities fraud allegations and the leadership style which was present during this crisis period. The leadership styles are analyzed and evaluated to determine how decision-making was impacted by the diverse styles used by the firm. The research presents an alternate style which would be effective during
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Bernie Madoff Fraud Case Bernie Madoff Fraud Case Introduction One of the largest fraud cases of all times is that of the “Bernard Madoff Case.” According to Armstrong (2008)‚ “for a number of years Madoff managed to lure billions of dollars away from huge charities‚ as well as wealthy individuals in both the United States and Europe by getting them to invest in his hedge fund. This he did by offering extraordinary returns to investors‚ until his scheme eventually reached a staggering $50
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1. What are the key differentiators that made Dell’s supply chain strategy so effective for nearly two decades. Dell operates by an on-line business model equipped with mass customized manufacturing which provides instant web communication protocol with customers at anytime and anywhere. Customers able to compose their own configuration from order list and free from bounding with fixed configuration. All packages are made upon request with no finished goods available‚ there is no depreciation
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Cassie Angelucci 9/21/14 Crazy Eddie Fraud Case Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. Growing up poor he had dreams and aspirations of becoming a household name. At the age of 20 years old‚ Antar opened up his very first store‚ Crazy Eddie. Crazy Eddie was an electronics store that specialized in low prices and a party atmosphere. The business did very well in its startup years and began to grow. Not long after Antar opened up his first store‚ he
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http://jobview.monster.com/Senior-Accountant-Manager-Job-San-Juan-PR-US-130837373.aspx Questions and answers 1. Under what conditions is direct labor a valid basis for allocating overhead? Direct labor is a valid basis for allocating overhead when: (a) direct labor constitutes a significant part of total product cost‚ and (b) there is a high correlation between direct labor and changes in the amount of overhead costs. 2. What has happened in recent industrial history to reduce the usefulness
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Stella Omusa is another interesting case study. As she pursued early schooling‚ Stella never had any idea of her orientation. Even her parents and peers could not help Stella on the same. Luckily‚ as a bright student‚ it was not difficult to secure admission into a public university. However‚ it is not clear whether Stella pursued a degree in bachelor of commerce‚ accounting option by choice or just as a matter of natural flow of events. Most likely though‚ it was the course she was selected to
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rightful owner’s permission. Six (6) cases of embezzlement stand out in Modern day History. The first case is about Yasuyoshi Kato in 1997 who managed to steal $132 million from Day-Lee Foods‚ Inc. of Santa Fe Springs‚ California. At the time‚ Yasuyoshi was the Chief
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The importance of accounting standards A PricewaterhouseCoopers Case Study Introduction PricewaterhouseCoopers was created in July 1998 by the merger of two firms - Price Waterhouse and Coopers & Lybrand - each with historical roots going back some 150 years and originating in London. PricewaterhouseCoopers‚ the world’s largest professional services organization‚ helps its clients build value‚ manage risk and improve their performance. Drawing on the talents of more than 140‚000 people in 152
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Fraud Cases: Violations of Generally Accepted Accounting Principles (GAAP) Section 1 In July 2002 the Sarbanes-Oxley Act was passed by the U.S. Senate by a vote of 98 to 0. The bipartisan support for the legislation emanated directly from the investing public’s lack of tolerance for financial statement fraud. Not surprisingly‚ when formulating its post-Sarbanes technical audit guidance‚ the Public Company Accounting Oversight Board (PCAOB) made it clear that detecting fraud must be the focus
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The case I found was called “Gupta Gets Two Years for Leaking Insider Tips”‚ and I found it in the Wall Street Journal. Rajat Gupta was the director of Goldman Sachs Group Inc. Goldman Sachs Group Inc. is a full service investment bank and security firm. Rajat Gupta was found guilty of leaking inside information to the outside‚ and was sentenced to two years in prison‚ and some pretty hefty fines. Rajat Gupta was not the average fraud perpetrator he was total opposite at least from the articles
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