Fraudulent Financial Reporting Schemes Abstract Routine examinations‚ audits‚ or internal control procedures‚ do not reveal most accounting fraud. Only 20% is revealed by way of auditing‚ however whistle blowing accounts for most revealed accounting fraud. Financial statement fraud will usually occur in such schemes as: fictitious revenues‚ timing differences‚ concealed liabilities & expense‚ improper asset valuation‚ or asset/revenue overstatements (just to name a few)‚ (Frempong‚ 2012)
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Microsoft’s Financial Reporting Strategy Q1. What are the factors that likely explain the equity and its reported book value of equity? Question 1 2 3 4 5 6 1999 Market Capitalisation: USD 460 Billion Book Value: USD 28 Billion MVE more than 16 times of BVE! Factor 1 Question 1 2 3 4 5 6 Intangible Assets • BVE does not reflect certain intangible assets’ value such as brand‚ customer loyalty‚ and human capital – Likely to provide tremendous earnings growth
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the nonprofit organization AktionDK. AktionDK is a newly opened nonprofit organization. AktionDK is a voluntary organization that specializes in events of different kinds. These are both cultural events and events for the less fortunate in the society. Each year the government budgets millions which are planned to be used for cultural campaigns and events. These events are to be targeted to people of all nationalities and cultural backgrounds. To avoid any corruption the government is obligated
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John Smith‚William Bradford‚ and Mary Rowlandson encountered numerous dangerous and fatal events due to the new lives they wanted to start in this new world‚ because of this they have many similarities and differences in their writings. One big similarity was Death‚ they were surrounded by it. It was as if Death was playing a sick joke with them taking away friends and family‚ slowly eating at what little hope they had left. In John Smiths “The General History” fifty people had died from starvation
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Business Unit 10: Financial Accounting and Financial Reporting Student name Assessor name Date issued Completion date Submitted on 28/03/15 09/05/15 Assignment title Presentation of financial information and Interpretation of Financial Statements (2 of 2) Learning Outcome Learning outcome Assessment Criteria In this assessment you will have the opportunity to present evidence that shows you are able to: Task no. Evidence (Page no) LO3 Be able to present financial information in accepted
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the nonprofit organizations is the tax exempt policy. Many of the organizations get a reduced tax amount or no tax amount when they are purchasing resources or product through their organization. Many people believe these organizations should be required to pay taxes because the taxes they do not pay go towards the taxes of everyone else. Each American is required to pay a tiny bit more on their taxes‚ but the money the organization saves by not paying taxes makes a huge difference for the organization
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beings‚ are of huge value to any non-profit organization. Not only do these people help saving money for the institution‚ they also immensely contribute to spread smiles and make human life better. Some of the major duties that are taken care by volunteers are they are liable for policy-making and assuring that the organization has adequate funds. Even though volunteers do all the work only out of care and concern‚ they still have the goals for the organization set forth. They are the pillars for
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discontinued operations and before the effect of changes in accounting principles Discontinued Operations: A component of a business is defined as a segment for which operations and cash flows can be distinguished both operationally and for financial reporting purposes. It has to be sold in full. Check of impairment of segment if not sold off by the end of the year. Reported net of tax and must restate all previous reports. Asset Impairment: check undiscounted cf and reduce to fair value. Cannot
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CHURCH: A NONPROFIT ORGANIZATION [pic] [pic] [pic] [pic] An Assignment On Nonprofit organization (Church) Submitted to: MR. MAHMUD ULLAH Professor Department of Marketing University of Dhaka. Submitted by: Mary Akhi Gomes Roll no-77 MBA 9th batch Section – A Department of Marketing Date of submission: 22nd March‚ 2009 University of Dhaka. Introduction: Christianity in the Indian subcontinent
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EM6602 Accounting for Decision-Making and Control Microsoft’s Financial Reporting Strategy (HBR 9-100-027) Team Members Toh Wei Hong‚ Prashant Trivedi‚ Preethy Varadarajan Question 1 The difference between Microsoft’s market value and book value is primarily due to unrecorded intangible assets such as brand value‚ customer loyalty‚ human capital‚ and commercial advantages such as long-term contracts and market dominance. These intangible assets confer Microsoft a tremendous edge over its
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