COMSATS INSTITUTE OF INFORMATION TECHNOLOGY CORPORATE GOVERNANCE : ACCOUNTING SCANDAL SUBMITTED To : Sir. Javaid Zafar Submitted by : Sana Munir MBO - II CORPORATE GOVERNANCE TABLE OF CONTENTS 1 COMPANY INTRODUCTION AND HISTORY................................... ...3 2 CORPORATE BUSINESS ACTIVITIES..............................................6 2.1 Rehabilitation Hospitals.................................................................6 2.2 Outpatient Therapy Services.....
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parts of a business. Accounting information help investors predict the cash flows of the company and help them estimate their risk in investing in them. Shareholders of a company have a right to demand information about the financial stability of the company and managers satisfy this requirement with accounting information and reports (Ronen and Yaari 7). Earnings management has been a very controversial topic among business enterprises. In the accounting world‚ earnings management is increasing becoming
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Truth Discovery with Multiple Conflicting Information Providers on the Web. Abstract: The world-wide web has become the most important information source for most of us. Unfortunately‚ there is no guarantee for the correctness of information on the web. Moreover‚ different web sites often provide conflicting in-formation on a subject‚ such as different specifications for the same product. In this paper we propose a new problem called Veracity that is conformity to truth‚ which studies how
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others. The A.O.I for this unit Human Ingenuity because in this unit I am using my web design skills to create a website that communicates information to the society in large. Websites are the fastest growing media in the world. They are accessed through the internet by around 2‚749‚000‚000 people in the world .therefore by communicating such information I will help lots of people to be aware of health services that the clinic provides and will help the owner to have a sustainable business.
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Throughout the semester‚ the Year Eight class have studied figurative language‚ Shakespeare‚ persuasive and narrative writing‚ as well as reviewing the role punctuation plays in ensuring clarity in writing. Chloe is a very friendly and capable student who has consistently produced work of a solid Year Eight standard. She can sometime allow herself to be distracted in class‚ this means that she often runs out of time to effectively edit her work. As a result of this she sometimes misses punctuation
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Earnings Management and Its Implications Educating the Accounting Profession By Michael D. Akers‚ Don E. Giacomino‚ and Jodi L. Bellovary August 2007 Issue AUGUST 2007 - In the wake of continuing‚ highly publicized E-mail Story financial frauds and failures‚ the accounting profession has placed renewed emphasis on issues related to earnings Print Story management and earnings quality. The SEC and the public are demanding greater assurance about the quality of earnings. Staff Accounting Bulletin
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Price-to-earnings ratio (P/E) is often used for assessing the company’s stock price. P/E is determined by first calculating the earnings per shares (EPS)‚ which is the post-tax profits divides by the number of shares (Figure 1). Trailing P/E is equal to current market share price divided by trailing earnings per share for the past 12 months‚ whereas forward P/E is equal to current share price divided by expected earnings per shares for the next 12 months or next full-year fiscal period (http://www
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Income statement | FY 2011-2012 | FY 2010-2011 (in rscrores) | 1.Income | | | Revenue from operations | 59‚220.94 | 51‚183.95 | Less ; excise duty | 4914.38 | 4095.51 | | 54‚306.56 | 47‚088.44 | Other income | 574.08 | 422.97 | | | | 2.Expenses | | | Cost of material consumed | 33‚894.82 | 27‚058.47 | Purchase of products for sale | 6‚433.95 | 7‚363.13 | Changes in inventories of finished goods‚ work-in-progress and products for sale | (623.84)
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Revised Trevino & Nelson 8-step model PREPARATION 1. Get the Facts. Watch your ladder of inference: a) something happens; b) we observe and then pick & choose among these events of what to evaluate or draw a conclusion about‚ or make a judgment‚ or tell a story about; c) the story we tell ourselves drives an emotion; which in turn leads us to d) choose an action to take. Can you separate fact from story? Emotions? Facts are observables that can be corroborated by multiple observers. Stories are
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Abstract A quality of earning assessment is a tool used by analyst to determine the correlation between accounting income and economic income. The techniques to analyze accounting income and economic income include: comparing accounting principles‚ reviewing changes in accounting principles‚ analyzing discretionary and warranty expenditures‚ understanding replacement cost of assets and managements and auditors opinion of the company. A quality of earnings assessment of PepsiCo is applied to
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