CASE STUDY 1 SEC ENFORCEMENT RELEASE- BRISTOL-MYERS 1. Access the SEC website‚ www.sec.gov‚ and do the following: -go to “Information for Accountants” -go to “The Division of Enforcement Chief Accountants Office” -go to “Accounting and Auditing Enforcement Releases” - then go to the enforcement release related to Bristol-Myers dated August 4‚ 2004. 2. What were the broad areas which the SEC addressed? 3. Of these issues‚ which one was by far the most significant in terms of dollars involved
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Furthermore‚ their financial reporting was very basic and catered to Piper Aircraft‚ their aircraft dealer. * AirTex needs to provide transparent information to all its stakeholders‚ such as their employees‚ their suppliers‚ and the bank‚ with whom they had short-term bank notes payable of $300‚000. * Old owner wasn’t very involved and was absent most of the time. He was only there strategically. It lacked a lot of the controls. There wasn’t a motivation
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Introduction In this case we get an entire scenario about how the Japan deflation set in‚ what were the effects of the deflation on the economy as well as on the people of Japan. It also mentions about the various reasons because of which Japan was in such a tight grip of Deflation‚ Depression‚ Demographics and Debts Guides us through the steps taken by the government in order to curb this deflation. Imparts a great knowledge to us about the various economic terms like deflation‚ self-liquidating
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I- TITLE THE BIG SQUEEZE ON WORKERS II- SUMMARY Spina says the downturn has force him to work even longer hours than he did during the boom-- about 15% more. The added hustling is one reason his team has racked up revenue gains of 46% this year in an abysmal ad market. “They’re working longer and harder.” says Spina. Although recessions usually bring slides in this efficiency measure‚ the fourth quarters outstanding 5% gain gave more credibility to the idea that technology has made the economy
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1) Objectives of the case: To understand and evaluate the dramatic rise and fall of the stock prices of the Web consultants‚ along with many others in the Internet sector‚ during the dot come bubble of 2000. It was question that boggled minds‚ as to how this could have happened in a relatively sophisticated capital market like that of the United States. To discuss the role of capital market intermediaries in the dot-com of 2000 and to check whether their incentives were properly aligned with their
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travel in India‚ hit financial turbulence in late 2011 due to mounting debt and a shortfall in expected revenue. Despite restructuring the debt with the help of creditors‚ the airline found it difficult to extricate itself out of its troubles. The case tracks the transformation in the Indian aviation sector as well as the ups and downs of Kingfisher Airlines. It provides information on the complex debt restructuring exercise at Kingfisher Airlines. Introduction: Kingfisher Airlines‚ a leading
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Dawson Stores‚ Inc. (Dawson) needs additional working capital next year. The company would like to obtain a $1‚000‚000 line of credit‚ on an unsecured basis from Springfield National Bank (Springfield). The approval of an unsecured loan would be based on the borrower’s credit-worthiness. In order to evaluate this‚ the company provided its financial statements to Springfield for the year 1990 to 1993. Dawson Stores Inc. is a company which has been experiencing consistent growth in terms of its financial
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Present Issues: The Kansas Food Bank in its mission statement promises to provide a comprehensive and compassionate Hunger Care whenever and wherever it is needed to families in Kansas. As a result of their mission statement‚ their operations have improved over the years and have grown tremendously to now serving over 85 counties within the state of Kansas‚ which includes over 530 hunger relief partners. Over 11 millions pounds of food was distributed just this past year. Deliveries are made
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The Saraf Foods Investment (A) Cornell University Johnson Graduate School of Management NBA 593 International Entrepreneurship Auke Cnosssen‚ MBA ‘04 prepared this case study under the guidance of and with Professor Melvin Goldman as the basis for class discussion rather than to illustrate either effective or ineffective handling of a business situation.1 The Saraf Foods Investment (A) In August 1999‚ Vishnu Varshney‚ head of Gujarat Venture Finance Ltd. (GVFL)‚ a venture capital firm in
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Three Executives of a well-known multi-national company decided to form a new company‚ named New Star Company Limited in 1974. These three executives were becoming close to their retirement age. Pifco-Zen Chen Company Limited‚ the company that they worked for had been in business for the last 80 years. It was their previous employers policy to retire the executives with a golden hand-shake worth approximately US120‚000 each. The three executives occupied the following position with Pifco-Zen Chen
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