scholarlinkresearch.org Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 2(5):357-363 (ISSN:2141-7024) Fraud as a Negative Catalyst in the Nigerian Banking Industry Akindele R.I Department of Management and accounting Obafemi Awolowo University‚ Ile Ife‚ Nigeria ___________________________________________________________________________ Abstract Fraud in the Nigerian Banking Industry before the recent merger and acquisition and recapitalisation efforts was at alarming rate
Premium Fraud Bank
The Great Inventory Correction Cole Stripling ------------------------------------------------- November 8‚ 2012 ------------------------------------------------- Summary Flood of the century or not‚ tech companies are taking steps to limit their exposure to the next traumatic event. Some are revising their inventory models; others are implementing supply chain software and setting up Web supplier hubs. Everyone wants tighter collaboration with suppliers and timelier information from customers
Premium Supply chain management Inventory
ZZZZ Best Company Fraud Case Study 1) At an early age‚ Barry Minkow was introduced to the carpet cleaning industry by his mother who worked part time as a telephone solicitor for a small carpet cleaning company. This insight of the industry allowed Minkow to understand that the carpet cleaning industry was one which had very few barriers to entry‚ no licensing requirements‚ and required only a small amount of capital to enter. Also‚ because of these few barriers to entry‚ the industry has historically
Premium Audit Barry Minkow Financial audit
Fraud‚ Auditing & Internal Controls CMIYC paper Throughout the movie‚ Frank Abagnale Jr. has multiple pressures that cause him to commit fraud‚ opportunities to commit them and rationalizations about them. These three factors all end up causing him to commit the fraud and to escalate it‚ some more than others. Most of the pressures that Frank goes through in the movie would be in the financial pressures group‚ and a little in the other pressures group. His first pressure in the movie would
Premium Frank Abagnale Confidence trick Catch Me If You Can
True False 10. The job order costing system is not used by service organizations. True False 11. The job order costing system is used by service firms to determine revenues‚ expenses‚ and ultimately profit. True False 12. Perpetual inventory controlling accounts and subsidiary ledgers are maintained for materials‚ work in process‚ and finished goods in cost accounting systems. True False 13. When the goods are sold‚ their costs are transferred
Premium Cost accounting Manufacturing Inventory
ch11 Student: ___________________________________________________________________________ 1. The railroad service which picks up truck trailers at a producer ’s location‚ loads them onto rail flatcars‚ hauls them close to the customer‚ and then delivers them to the buyer ’s door is: A. truck service. B. fast freight. C. trailer service. D. piggyback service. E. pool car service. 2. Air express companies place many small packages into specially designed cylinders that conform to
Premium Logistics Inventory Supply chain management
INVENTORY SYSTEM FOR HIDRETROFIT PRESENTED TO THE FACULTY OF ASIAN INSTITUTE OF COMPUTER STUDIES IN PARTIAL FULFILLMENT OF THE REQUIREMENTS IN SYSTEM ANALYSIS AND DESIGN PRESENTED BY: CAWIL‚ JAMES ANDREW ESCOBER‚ LUZVIMINDA ASTROLOGO‚ ANALYN CASTRO‚ MELVIN MAGISTRADO‚ GORDON LEMQUE‚ TOMMY Table of Contents Chapter 1: The Problems and Its Background Introduction ………………………………………………….. 1 Company Background ………………………………………………….. 2 Organizational Chart
Premium Inventory Balance sheet Password
PART II END-OF-CHAPTER QUESTIONS CHAPTER 10: WAREHOUSING MANAGEMENT 1. Distinguish between warehouses and distribution centers. Warehouses emphasize the storage of products‚ and their primary purpose is to maximize the use of storage space. In contrast‚ distribution centers emphasize the rapid movement of products through a facility‚ and thus attempt to maximize throughput (the amount of product entering and leaving a facility in a given time period. 2. Explain the four ways that
Premium Warehouse Inventory Supply chain management
expenses increase each year on both a percent-to-sales and total dollar amount increment. I would also be curious to understand why cost of goods sold is increasing year-over-year – are raw materials increasing‚ are inventory levels too high and we are writing off obsolete inventory‚ is part of the increase in expenses due to credit terms we have extended customers and are now writing off as bad debt? Additionally‚ it appears as though we continue to invest in the business as SG&A and depreciation
Premium Generally Accepted Accounting Principles Inventory Income statement
Running head: CASE ANALYSIS OF THE ACCOUNTING FRAUD AT WORLDCOM Case Analysis of the Accounting Fraud at WorldCom Angela Crossley Troy University October 27‚ 2008 History The origin of WorldCom can be traced back to 1983. The CEO‚ Bernard J. Ebbers‚ of WorldCom had very interesting beginnings. He invested in Long Distance Discount Services (LLDS) with eight other investors‚ and believed that the telecommunications industry was a very good business venture. In the beginning
Premium Accounting scandals Fraud Enron