Haley Ankenbauer Lehman Brother’s Discussion Questions Question 1: The financial position of Lehman Brothers on September 14th was that they were facing bankruptcy. The firm’s liquidity problem was much more than they expected. Just 5 days earlier the firm’s management had assured the board that they had $42 billion in liquidity. The firm actually had much less than this. This problem was very serious and the firm did not know what to do. Companies like JP Morgan kept pulling money for collateral
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Popularly known as Brother Dhinakaran‚ the famous Preacher from Chennai was born on 1 July 1935 at Surandai in Tirunelveli district of Tamil Nadu. He actively carried evangelical activities for some time prior to leaving his job at the bank in October 1962 to evangelise on
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Flash Technologies‚ Inc Memo to the Planning File by Audit Manager – General Information 12/31/2008 General Background Information Emanuel “Manny” Schwimez‚ is the CEO and chairman of the board of Flash. Mr. Schwimez is originally from Tel Aviv. He has an impressive resume‚ including a master’s degree from the London School of Economics and many years of eexecutive-level experience. He has led several high technology companies in the U.S and abroad since the early 1970’s. In 1990 he became president
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DeLL Inc. | Strategic Audit | MAN 4720 – Strategic Management | | Group 7 | 3/31/2012 | Dell‚ Inc. Dell‚ Inc. is an American multinational computer technology corporation based in Texas‚ United States. The company develops‚ sells‚ and supports computers and related products and services. Dell Inc. is one of the largest technological corporations in the world‚ employing more than 103‚300 people worldwide. Dell is listed at number 41 in the Fortune 500 list (2011). It is the third largest
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inventory of Waqec Stationary Sdn Bhd‚ are essentially buying the merchandise and held them for sale in the ordinary cost of business which is under the classification of inventories. As we can see from the figure 1.1 above‚ FRS 102 Inventory in this case mainly focuses on the shaded area‚ which are numerous accounting issues arise particularly in determining the costs of inventories‚ Net Realizable Value. Purchase Order Activity When purchasing a certain commodity‚ Waqec Sdn Bhd will be issued invoices
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Acct 4620: Martha Stewart Case Martha Stewart Living Omnimedia is primarily comprised of a magazine publication and a television show created by home décor aficionado‚ Martha Stewart. Both sources of media primarily feature home renovating and decorating products. Also‚ having an emphasis on do it yourself (DIY) projects for a more stylish and satisfying home. Stewart herself‚ described Martha Stewart Living as‚ “the most trusted guide to stylish living.” While MSLO brings in revenues from
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Alternative Investments Among the five funds‚ three of the funds‚ Cloudy Retirement 500 Index‚ Cloudy High-Yield Hedge Strategies‚ and Cloudy Real Estate All starts‚ are alternative investments. Those three funds‚ as the case states‚ are not registered under the Investment Company Act of 1940 or under the Securities Act of 1933. Thus‚ they are not offered to the investing public or are not been required to offer significant information to public. Moreover‚ the investment product held by Cloudy High-Yield
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Notes on Apollo Shoes Audit Case Task #1 (Overview/Intro) Go to the “Weekly Materials” folder and locate the “Apollo Shoes Files” folder‚ between the week 1 and week 2 folders. Under this menu you will find a file entitled Apollo Shoes Case Study.doc. This file gives you all of the details and evidence that you will need for the case. We will only be completing specified sections of this case as discussed below. Review the table of contents in the case document (page 4.) This will tell you
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Comprehensive Case 1.1 Enron 1. There were several parties responsible for the "crisis of confidence" created by the Enron debacle. Enron’s executives were responsible for their behavior in trying to adjust their financial statements. Andersen’s auditors were responsible for not doing their jobs with integrity and not keeping their independence in from Enron. Regulatory groups were responsible for making
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Sam Li Case: Jamaica Water Properties 1. Place yourself in David Sokol’s position. After discovering the suspicious items in JWP’s accounting records‚ would you have taken a different course of action than he did? Why or why not? I doubt if I can reach the position that David Sokol had in my career’s life. However‚ let say that if I was in David Sokol’s position‚ I would probably do the same thing David had done. I believe the proper working ethics are accountability‚ professionalism and
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