Identify the strengths and weaknesses of discretionary accruals models to identify earnings manipulation: Discretionary Accrual = non-obligatory expense (such as an anticipated bonus for management) that is yet to be realized but is recorded in the account books. Accrual Accounting = an accounting measure that measures the performance and position of a company by recognizing economic events regardless of when cash transactions occur. The general idea is that economic events are recognized
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The Effect of SOX Section 404: Costs‚ Earnings Quality‚ and Stock Prices Introduction The Securities and Exchange Commission (SEC) Responsible for the application of the law THE SARBANES–OXLEY ACT (SOX) was passed in 2002 after a string of high profile corporate scandals. The law’s main goal was to improve the quality of financial reporting and to increase investor confidence‚ which requires companies to put in place and periodically test procedures that monitor the internal systems ensuring accurate
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of an organization who must contribute effectively to achieve the targets within the desired time frame. One should not treat his organization as a mere source of earning money. It is essential for an individual to prioritize his work over other things. The employees must have a cordial relation with their superiors and the management for smooth flow of information and better understanding at workplace. Transparency is essential at all levels in the hierarchy to avoid conflicts and unnecessary disagreements
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Many of these I will incorporate into this paper and review from a personal standpoint. Within the business environment‚ the levels of management directly affect how organizations are run and whether they will be successful or fail. The level of education and skill will vary according to the levels of management. The top levels of management usually include CEO’s‚ Presidents‚ etc.‚ and they usually hold advanced degrees or years of work experience. A bachelor’s degree typically accompanies
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16-Apr-12 Introduction to Sales Management • “Sales management is the attainment of sales force goals in an effective and efficient manner through planning‚ training‚ leading‚ and controlling organizational resources” • Sales management is planning‚ direction and control of personal selling. This essentially includes recruiting‚ selecting‚ equipping‚ assigning‚ supervising‚ compensating and motivating the sales force • Objectives of Sales Management Generate sales and earn revenue Providing Profitability
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Frederick Winslow Taylor‚ the acknowledged ’Father’ of scientific management was a pre classical contributor. Taylor was the founder of a system that stated the relationship of workers and managers to the realm of new science/technology. Scientific management is the approach emphasing production efficiencies by scientifically searching for the ’one best way’ to do each job. Taylor pioneered his signature time and motion studies of work processes through this movement‚ developed an array of principles
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technology only for financial benefit is acceptable because such benefit can be redistributed to the less privileged ones to improve their welfare. However‚ others claim that it is unacceptable to do so because people‚ more often than not‚ may pursue such benefit at the expense of others. I‚ personally‚ am more inclined to the latter stand as the sole usage of technology for financial benefit will deal a fatal blow to the global society. It is acceptable to use technology for financial benefit only
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Knowledge Management and Organizational Learning 3 4 William R. King Katz Graduate School of Business‚ University of Pittsburgh wking115@yahoo.com For centuries‚ scientists‚ philosophers and intelligent laymen have been concerned about creating‚ acquiring‚ and communicating knowledge and improving the re-utilization of knowledge. However‚ it is only in the last 15–20 years or so that a distinct field called “knowledge management” (KM) has emerged. KM is based on the premise that‚
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12 Business Studies–XII CHAPTER – 1 Quick Revision Notes NATURE AND SIGNIFICANCE OF MANAGEMENT 1. Meaning/Concept of Management: Management is the process of getting things done with the aim of achieving goals effectively and efficiently. ▪▪ Process: refers to the primary function like planning‚ organising‚ staffing‚ directing and controlling performed by the management to get things done. ▪▪ Effectiveness: means completing the right task to achieve the deputed goal within the time frame
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in a location not easily accessible by air service. The city‚ best known for its country music and music variety shows and family-style attractions‚ also has the kinds of outdoor activities that attracted more than 8 million visitors last year‚ “earning it the unofficial nickname ‘Vegas without the gambling.’” About 95 percent of those visitors come by car or bus. But now there’s a new show in town—the Branson Airport. The $155 million airport‚ which opened in May 2009‚ is an experiment that many
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