"Hocus-Pocus Accounting" by Douglas R. Carmichael‚ Journal of Accountancy‚ October 1999; Vol. 188‚ Iss. 4; pg. 59‚ 5 pgs Abstract: SEC Chairman Arthur Levitt decried what he termed "accounting hocus-pocus" and called for coordinated efforts to uncover it. He targeted the practice by some companies of improperly boosting reported earnings by manipulating the recognition of revenue. Among the most common methods of doing this are the bill-and-hold transaction and a long list of sham transaction involving
Premium Audit Generally Accepted Accounting Principles Financial statements
1. Discuss the distinguishing features (Market size‚ Market growth rate‚ Industry strength‚ etc.) of the industry. The world foodservice industry is expected to reach almost $992 billion in 2014‚ according to Datamonitor (2010)‚ with a volume of over 586 billion transactions. This represents more than 18% growth in five years. Cafés and restaurants represent the leading market segment at over 50% of overall industry value. Regionally‚ Asia-Pacific holds almost 43% of the world foodservice industry
Premium Fast casual restaurant Fast food restaurant Types of restaurants
Discussion Questions for Starbucks Case The discussion questions below will be the focus of the in-class case discussion. Try to answer them with as much detail as you can. Write down your answers and bring them to the class for discussion. Starbucks operates in the retail coffee market. In the home‚ it has 4% share specialty coffee. In the food service channel‚ it has 5% share. In the grocery stores‚ it has 7.3% in the ground coffee and 21.7% in the whole beans category. 1. What is Starbucks’
Premium Coffee Marketing
Living in a dormitory or living in an apartment Education plays an importan role in students’ life. That is‚ the future success of individuals is based on the type and quality of education they receive. Especially‚ university education determines one’ s future and quality of life. For this reason‚ students try to seek better education opportunities to improve their knowledge and skills. While some students attend universities in the city they live in‚ others may have to move to other cities and
Premium Education University College
Living Alone or Living with Roommates Nowadays‚ a lot of attention has been drawn to the issue of whether college students should live alone outside the campus or live together with other roommates in the students’ dormitory. Opinions are divided on this issue. Those who are in favor of living with roommates have their own advantages. With several students sharing the same room‚ they could learn how to tolerate the difference between individuals. However‚ others argue that students who live outside
Premium Communication Student Learning
other hand‚ they will learn how to use money wisely by living alone. Since these young adults who live alone do not have any financial support by their parents‚ they have to learn how to use money wisely or how to earn money to make sure they can live. For example‚ the young adults who live alone have to calculate carefully about every expense. Although living with parents can reduce the financial stress and save money for young adults， living alone can make them become a wise user of money. Easy
Premium Skill Adult Future
in a wide variety of residences. My family and I have experienced residing in both apartments and houses. We have observed many differences in the two choices of homes and have become very knowledgeable of life in both dwellings. Living in an apartment or living in a house? When you are trying to save money and only have so much to spend each month‚ a lot of people would choose to rent an apartment. When renting an apartment‚ you choose to live in a smaller space and agree to all of the terms
Free House Apartment Renting
Case Test 1‚ Case 1-39 Research and discussion case: Smith & Company a. The following view can be prepared for permitting public accounting firm to sell their ownership interest to individuals not in public accounting from incorporation: 1) Assessing capital in the economy is enhanced which makes the allocation of scarce resources efficient within the economy. 2) Since public accounting firm participate against companies that are permitted to get in a certain manner‚ they must not be constrained
Premium Certified Public Accountant Corporation Accountant
The first chapter discusses the basics of financial management. How critical is financial decision to social welfare? Reflect on the oil spill disaster in the gulf. Is it all about making money? Financial decisions are extremely critical to social welfare. Many individuals have the state of mind that emphasizes the belief of how social welfare can be pursued through exercising one’s choice and making provisions to obtain the means to be financially stable. The world is increasingly becoming
Premium Free cash flow Decision making Finance
Joyce‚ Good point on a potential impact on information technology in the workplace. While the manufacturing industries take a hit‚ it seems like the the individuals that are employed are working harder or longer hours than they did in the past to achieve the bottom line. There is no doubt that technology‚ automation‚ foreign competition have increased productivity. On a positive note technology can make people more wealthy by freeing up resources to address more problems‚ satisfy the consumers
Premium Speech recognition Industry Remote control