INTRODUCTION The memo is to address the accounting maneuver of Lehman’s Repo 105 (or 108) from perspectives of accounting and corporate governance. The memo will illustrate the role of repo transaction in Lehman’s business model‚ analyze the accounting irregularities regarding repo by Lehman‚ observe auditors’ role in these irregularities‚ and discuss the corresponding accounting and corporate governance issues. In addition‚ the memo will provide recommendations on how to prevent financial
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Management Accounting Research 21 (2010) 83–94 Contents lists available at ScienceDirect Management Accounting Research journal homepage: www.elsevier.com/locate/mar Knowledge creation for practice in public sector management accounting by consultants and academics: Preliminary findings and directions for future research G. Jan van Helden a‚∗ ‚ Harrie Aardema b ‚ Henk J. ter Bogt c ‚ Tom L.C.M. Groot d a b c d University of Groningen‚ the Netherlands‚ PO Box 800‚ 9700 AV Groningen‚
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The Effect of J.D Salinger’s Writings Jerome David Salinger‚ born on January 1‚ 1919‚ was an American short story writer and novelist. Salinger is considered one of the most influential 20th century writer’s despite having a very shallow body of work. Early in his career‚ Salinger wrote many short stories that made it into big publications such as Story Magazine‚ Collier’s‚ and even The Saturday Evening Post. Some of these short stories‚ A Perfect Day for a Bananafish and Uncle Wiggly in Connecticut
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Problem 1 A. Overhead: Department Rates Production Departments Assembly Packaging Total Overhead $216000 $50400 $720000 Direct labor hours Deluxe 10000 10000 20000 Regular 150000 10000 160000 Total DL 160000 20000 180000 Machine hours Deluxe 2000 8000 10000 Regular 8000 72000 80000 Total machine
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CHAPTER 12 Accounting for Partnerships ASSIGNMENT CLASSIFICATION TABLE Brief Exercises A Problems B Problems Study Objectives 1. Identify the characteristics of the partnership form of business organization. 2. Explain the accounting entries for the formation of a partnership. 3. Identify the bases for dividing net income or net loss. 4. Describe the form and content of partnership financial statements. 5. Explain the effects of the entries to record the liquidation of a partnership. *6. Explain
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The formation of organization implies that a leader should take the role to control the activities of the group; the work done by the leader is what we call management. Organization and the definition of Management Organization is formed by a group of people who work together. No matter the organization is a profit making ones or non-profit making ones‚ its formations are to achieve a common purpose or variety of goals‚ which are the desired future outcomes. The outcomes might be producing a
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I’m currently in the midst of reading Allan Stratton’s coming of age novel aptly titled Borderline‚ about a Muslim American boy who wants nothing more than to be accepted in his white suburban community. Out of the blue‚ the FBI suddenly accuses Sami’s dad of being part of an international terrorist plot and things suddenly go from bad to worse when Sami’s dad is thrown into jail‚ and his bullies go from calling him a ’sand monkey’ to dumping his head in the toilet. When Sami realizes he has nowhere
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CT Scan Machine CT scan machine (Computed Tomography) is a medical imaging method employing tomography by using a digital geometry process to generated a three-dimensional image of the internals of an object from a large series of two-dimensional X-ray images taken around a single axis of rotation. Computed Tomography (CT)‚ actually known as computed axial tomography (CAT or CT scan) and body section roentgenography. CT scan machine is useful equipment (an important tool in medical imaging to
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Introduction The name ‘Federal Express’ is synonymous with quality. It is recognized that the Federal Express Company a world leader in transportation area and information field. Federal Express can deliver packages overnight to almost anywhere in the world. Simultaneously‚ people can track packages at any time so that they can know where their goods are. (Neff & Citrin‚ 2001) As the good quality and services Federal Express provided‚ people like it‚ trust it and make it universally. Thus‚ a distinctive
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*BUS1001 Introduction to Management & Organisations E*ssay for Semester 1‚ 2008/9 According to Pettinger (2002)‚ management can variously be defined as a ‘science‚ profession and art’ and ‘its status lies somewhere between the three ‘with strong elements of each’. Is management a profession were you could qualify in like a doctor‚ is it science were there’s only “one best way to manage” (Bennet‚ Roger (1994)) or is it a skill/ personality in which a manager is has it in their genes from birth
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