he knows both Maytas companies are highly growth company in developmental infrastructure. So‚ after the acquisition‚ he may claim the earnings of the recently acquired corporation providing an automatic earning boost. Apart from that‚ other justification brought up by Raju regarding this buyout deal are the acquisitions may de-risk Satyam’s core IT business by adding a new business vertical in infrastructure. From this statement‚ we can see that Satyam is slowly planning to diversify its business
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assess the timing and uncertainty of current and future cash flows for making prudent‚ effective and efficient decisions for maximizing their value and making other investment decisions such as choosing a portfolio of securities. Basically‚ financial reports are published to serve various users like‚ shareholders‚ employees‚ suppliers‚ creditors‚ financial analysts‚ stockbrokers‚ management‚ and government agencies. Firms satisfy this demand in part by supplying accounting information‚ thereby enabling
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The Mazengarb report was a product of its time – produced in response to a moral panic‚ where youth delinquency‚ sexual experimentation‚ newfound international influence and a shift in the family and social dynamics were creating instability and insecurity in society; the Mazengarb report was a poorly handled government investigation which fuelled the social panic in a time referred to as “The golden years”. The report itself had very immediate consequences‚ with new legislation being rushed through
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The Leslie Fay Companies (Leslie Fay) was a designer specializing in women’s stylish dresses. The company was run by Fred Pomerantz and subsequently by his son‚ John Pomerantz. Both Pomerantz men were known for their lavish lifestyles and overbearing personalities. Fred had hired Paul Polishan right out of college in 1969 to join the accounting staff at Leslie Fay. Polishan would later go on to become the company’s CFO. Polishan‚ as it seemed‚ had an even more overbearing personality than either
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G lobal Perspectives on Accounting Education Volume 6‚ 2009‚ 83-96 A FINANCIAL STATEMENT ANALYSIS PROJECT FOR INTRODUCTORY FINANCIAL ACCOUNTING Marilyn B. Misch Business Administration Division Pepperdine University Malibu‚ California USA Carolyn A. Galantine Business Administration Division Pepperdine University Malibu‚ California USA ABSTRACT This paper describes a financial statement analysis project useful in both preparerbased and user-based introductory courses in financial
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ahmeti@yahoo.com Arben Dërmaku Assistant Profesor Faculty of Economics‚ University of Prishtina‚ adermaku@hotmail.com Abstract The aim of this paper is to determine the effects of stock prices following the announcement of audited financial reports of Slovenian and Croatian public interest entities. Our research is to study the importance of variables and their significance regarding the audit in explaining the reactions of stock price movements (fluctuations). In this study we have applied
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Decision to Drop Atomic Bombs The Justification behind the Detonation of The Little Boy and The Fat Man How could anyone possibly justify a decision that would result in over 265‚000 potentially innocent people losing their lives? Justifications like this have been made throughout history by evil leaders with mal-intentions‚ or by psychopathic fundamentalists‚ but never by a governmental organization as respected and trusted as the United States. How is it possible that the most financially
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Justification of the huge salaries paid to some top athletes; an economic perspective. Over the last century there has been much research into the area of Labour Economics‚ and hence the determinants of supply‚ demand and wages for labour. In this essay‚ I will be looking at the unique example of the Sports Labour Market with specific focus on the European Football Market‚ and use various economic models to justify the huge salaries currently offered to top athletes within this field. The
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Conflict of Interest 1 Running head: CONFLICT OF INTEREST Auditor Independence‚ Conflict of Interest‚ and the Unconscious Intrusion of Bias Don A. Moore Carnegie Mellon University 5000 Forbes Avenue Pittsburgh‚ PA 15213 don.moore@alumni.carleton.edu Phone: 412-268-5968 Fax: 412-269-7345 George Loewenstein Carnegie Mellon University Lloyd Tanlu Harvard University Max H. Bazerman Harvard University The authors gratefully acknowledge the financial support of the American Accounting Association
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Auditor Rotation | Raising Auditor ’s Independence | Proposed By: Varun Basantani | Auditor Rotation- Raising Auditor ’s Independence ------------------------------------------------- Abstract: The question for mandatory audit rotation has been a concern to academics‚ investors‚ practitioners and the public at large. This paper is designed to determine the relationship between mandatory audit rotations and audit Independence. The paper makes an earnest effort to evaluate the need
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