underrecorded income earned‚ we could consider this as a financial reporting fraud. The auditor would have identified the risk primarily through analysis of financial results and review of operational procedures. b) The auditor should pay close attention to the changes of company’s financial result and analyze those changes in time to see if they are reasonable. Most auditors should have detected this kind of material misstatement in company’s financial results‚ because this defalcation is caused by a personal
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consistent with management ’s responsibility? 3. The case describes two conceptions of managers ’ fiduciary duty (p. 9). Which do you favor: the shareholder conception or the corporate conception? Does your stance make a difference in this case? 4. Should Mr. Marriott recommend the proposed restructuring to the board? Marriott Corporation (A) 1. Why is Marriott ’s chief financial officer proposing Project Chariot? What is your assessment of MC ’s financial condition? Is this project necessary for the
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Harnischfeger Corporation Teaching Note INTRODUCTION The purpose of the "Harnischfeger Corporation" case is to expose students to the managerial motives for making major financial reporting policy changes. Generally accepted accounting principles (GAAP) allow companies wide latitude in the choice of accounting policies. After a firm chooses a set of accounting policies‚ current accounting rules permit changes from one alternative policy to another at the discretion of the management
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Shield Financial Statement of the Problem(s) Doug Bloom took over the Des Moines‚ Iowa office as the new Sales Manager (Cron & DeCarlo‚ 2009). He was overwhelmed at the sales management training with all of the different manuals he received (Cron & DeCarlo‚ 2009). The sales manager training did not give the full understanding of it is meant to be a sales manager. The company introduced a new program for the sales representatives and he had some difficulty with the sales representatives. He did
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1) One of the most important steps in segmenting the market is determining the segmentation variables. These variables can be categorized in Demographic‚ Psychographic‚ and Behavioristic. In segmenting the market for New Beetle‚ the results of the Arnolds Communication research on the Beetle consumers can be helpful. This research reveals the fact that VW Beetle consumers are young‚ slightly affluent‚ more educated and having different lifestyles and they enjoy more active driving style. So in terms
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ORGANIZATION Ayala is the holding company for its business interests held under various operating subsidiaries and affiliates. Ayala maintains a leading presence in real estate development‚ financial services‚ telecommunications‚ water infrastructure development and management‚ electronics manufacturing services‚ automotive dealerships‚ technology-related investments‚ and overseas real estate investments. It has recently made invesements in the power generation assets and transport infrastructure
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What must Hank prove to have New Will admitted to probate‚ and‚ in light of Abby’s contest‚ is it likely that Hank will succeed? First of all‚ Hank will succeed in proving the will but he must prove that the new will was properly executed and that Ginger did not lack the ability to make her new will at that time. Because Abby’s will contest was filed before the new will is admitted into an authorization. To prove that the will was duly effected‚ a will proponent must prove that it was signed by
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GRADUATE STUDIES MASTERS IN BUSINESS ADMINISTRATION FINANCIAL MANAGEMENT CASE 13-1: EEI Corporation1 A CASE STUDY CASE OVERVIEW Company Background EEI Corporation was one of the oldest construction companies in the Philippines who is engaged in the business of building industrial plant facilities‚ installing equipments‚ providing replacements parts and supplies‚ and providing specialized engineering services to industrial companies in the Philippines and overseas‚ principally
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Manufacturering Corporation (RMC) is considering moving some of its production from traditional numerically controlled machine to a flexible manufacturing system (FMS). It’s computer numerical control machines have been operating in a high variety‚ low volume manner. Issues 1. 1 . As a productions manager for R.M.C‚ what do you recommend? Why? 2. Prepare a case by a conservative plants manager for maintaining the status quo until the returns are more obvious. 3. Prepare a case for an optimistic
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Accounting 2200 Project 2 Responses to the Form 10-K of NVE Corporation Professor Jane Morton Muhan Li‚ Madhur Mittal‚ Adam Rosen ------------------------------------------------- Question 1 NVE Corporation is in the business of nanotechnology‚ founded in 1989 in Minneapolis. NVE develops and sells devices that use a new technology known as “spintronics‚” and was founded by James M. Daughton‚ Ph. D.‚ and spintronics pioneer. NVE has been awarded $50 million+ in government research contracts
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