"Jamaican water properties accounting fraud" Essays and Research Papers

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    Properties of Water

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    Properties of Water Introduction: Water’s chemical description is H2O. As the diagram to the left shows‚ that is one atom of oxygen bound to two atoms of hydrogen. The hydrogen atoms are "attached" to one side of the oxygen atom‚ resulting in a water molecule having a positive charge on the side where the hydrogen atoms are and a negative charge on the other side‚ where the oxygen atom is. This uneven distribution of charge is called polarity. Since opposite electrical charges attract‚ water

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    Properties of Water

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    Properties of Water Lab # 1 Biology 111 January 23‚ 2011 INTRODUCTION With surface tension it is made possible for items such as paper clips to float on water‚ because a molecule within the mass of a liquid encounters gravity to all adjacent molecules in all directions. When you use surfactant substances this creates hydrogen bonds. Purpose of experiment 1 will be to show that once the surfactant substances hits the hydrogen bond pulls down paper clips. Things

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    water properties

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    water exists in liquid‚ solid‚ and gaseous states water referred to universal solvent ( bipolar molecule enables it to dissolve a wide variety of substances) ice floats ( temperatures drop molecules come together as a solid‚ elections repell (the molecules get less close thus making the ice have less density than water. If this did not occur ice could sink and destroy living organism. (sea animals) Thermal properties Water resist temperature change‚ due to high specific heat which in turn helps

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    Properties of Water

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    Properties of Water Water is essential for life as we know it on earth. It is used by plants and animals for basic biological processes which would be impossible without the use of water. The origin of all life can be traced back to the water in the Earth’s precambrien seas. Water is also the universal solvent. It reacts with more elements and compounds than any other substance known to man. Water is a polar molecule made up of on atom of hydrogen and two atoms of oxygen. It is attracted

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    Name: Tashay R. Sirjue Subject: Communication Studies Teacher: E. Foster Theme: Socio-Economic Issues Topic: Water Pollution in the Jamaican Society “One hundred and fifty years ago‚ the monster began‚ this country had become a place of industry. Factories grew on the landscape like weeds. Trees fell‚ fields were up-ended‚ rivers blackened. The sky choked on smoke and ash‚ and the people did‚ too‚ spending their days coughing and itching‚ their eyes turned forever toward the ground. Villages

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    Jamaica Water Properties

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    Jamaica Water Properties * Introduction The case is about an accounting fraud that involves the Jamaica Water Properties‚ Inc. This fraud was discovered by David Sokol‚ who was at that time served as COO (Chief Operating Officer) of the Jamaica Water Properties‚ Inc. The main culprit was Ernest Grendi‚ JWP’s CFO‚ helped by several of the company’s senior accountants. Moreover‚ the company’s external auditor‚ Ernst & Young‚ seems to be involved as well. This case will show regarding the

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    Accounting Fraud at Worldcom

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    9-104-071 REV: SEPTEMBER 14‚ 2007 ROBERT S. KAPLAN DAVID KIRON Accounting Fraud at WorldCom WorldCom could not have failed as a result of the actions of a limited number of individuals. Rather‚ there was a broad breakdown of the system of internal controls‚ corporate governance and individual responsibility‚ all of which worked together to create a culture in which few persons took responsibility until it was too late. — Richard Thornburgh‚ former U.S. attorney general1 On July 21‚ 2002

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    Jamaica Water Properties

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    Jamaica Water Properties A Case Study The case is about an accounting fraud that involves the Jamaica Water Properties‚ Inc. The fraud was characterized by misapplication of purchase method of accounting for acquisitions‚ recording fictitious assets‚ improper accounting for NOLCO‚ non-recording of appropriate allowances for uncollectible receivables‚ and misapplication of the percentage-of-completion method of accounting for long-term contracts. Ernest Grendi made the fraud possible‚ company

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    JAMAICA WATER PROPERTIES

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    CASE 1.3 JAMAICA WATER PROPERTIES Synopsis This case focuses on David Sokol‚ an executive who has made a “name” for himself in recent years within the energy industries. After becoming recognized as a successful “turnaround” agent for troubled companies‚ Sokol was hired in 1992 to serve as the chief operating officer of JWP‚ Inc.‚ a large‚ New York-based conglomerate. At the time‚ JWP had an impressive history of sustained profits and

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    SUBJECT: Accounting fraud at WorldCom Problem Statement WorldCom penetrated the largest accounting fraud in U.S history by overstating its tax income between 1999 and 2002. The main players in WorldCom’s accounting fraud included CFO Scott Sullivan‚ the General Accounting and Internal Audit departments‚ external auditor Arthur Andersen‚ and the board of directors. While individuals did have their own sins‚ employees cowardice and self-interested‚ the board passive and ineffective‚ external auditors

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