While conducting the analysis of EMI group’s dividend policy‚ one factor that stood out to us was the clientele effect. The clientele effect shows us who holds most of our outstanding shares. High tax-bracket individuals would prefer zero-to-low dividend payout to save on taxes. Low tax-bracket individuals would prefer a low-to-medium dividend payout‚ which gives them additional income while helping them save on taxes. An investing corporation would prefer a higher dividend payout because if they
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implications do such circumstances pose for a company’s independent auditors? How should auditors take such circumstances into consideration when planning an audit? Implications and something needs attention 1. The unusual relationship between CEO and CFO‚ especially when they are close to each other. 2. Accountant in charge doesn’t want anyone else to see the financial information. 3. Accounting personnel takes the full responsibility for fraud instead of management. 4. The inverse relationship between
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CFO Professional The joy of segment reporting John Shanahan 849 words 1 September 2011 Financial Review CFO CFOA First 41 English Copyright 2011. Fairfax Media Management Pty Limited. Technical Qantas segment analysis 1999-2004 1999 2000 2001 2002 2003 2004 $bn $bn $bn $bn $bn $bn International 308.3 374.3 458.7 202.3 221.6 397.8 Domestic 256.8 272.0 127.4 298.2 165.7 465.7 Other 136.7 169.4 109.7 178.3 179.7 234.7 Total EBIT 701.8 816.2 695.8 679.3 567.0 1‚098.2 Source: Qantas
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UNIVERSITI MALAYSIA PERLIS SCHOOL OF BUSINESS INNOVATION & TECHNOPRENEURSHIP BFT 503 businesss ethics & csr NAME : NUR AINUL MARDHIAH BINTI MD. ZULKIPLI MATRIC NO : 1333430136 Dr. Abdullah bin osman Enron : Questionable Accounting Leads To Collapse History ENRON CORPORATION. Enron‚ a corporation headquartered in Houston‚ operated one of the largest natural gas transmission networks in North America‚ totaling over 36‚000 miles‚ in addition to being the largest
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This article was downloaded by: [New York University] On: 07 May 2013‚ At: 23:28 Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House‚ 37-41 Mortimer Street‚ London W1T 3JH‚ UK Journal of Contemporary China Publication details‚ including instructions for authors and subscription information: http://www.tandfonline.com/loi/cjcc20 May 4th and June 4th compared: A sociological study of Chinese social movements Zhidong Hao
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company is financially sound and have ample cash reserves. In a recent statement from Apple’s CFO‚ Peter Oppenheimer‚ “We are pleased with our performance which drove quarterly cash flow from operations of $11.1 billion‚ an increase of 131 percent year-over-year” (Apple - Press Info‚ 2011). The concerning information is the declining sales of the iPod. The iPod sales have slowly
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Presses and Publications Act 1984-licensing control on print media‚ and Sedition Act 1948-prevent the spread of seditious information . Initiate these laws are to ensure the press will not cover the news that will bring negative effect or even riots to the country and society. However‚ because of these laws‚ the press appears to have lost its freedom to cover the news that may be important to the public but may bring negative impact to government. Furthermore‚ journalist may cover up in their
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He became a schoolteacher and a socialist journalist in northern Italy. In 1910 he married Rachele Guidi who bore his five children. Mussolini was jailed in 1911 for his opposition to Italy’s war in Libya. Soon after his release in 1912 he became editor of the socialist newspaper in Milan‚ "Avanti!". When WWI began in 1914 Mussolini advocated Italy’s entrance into the war on the allied side and was expelled from the socialist party. He then started
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from death‚ but from scandal. The Presidency of Nixon‚ when looked back in history‚ will always be tainted by his questioned involvement in the Watergate Scandal. Two years of events unfolded at the end of Nixon’s office that ultimately led to his resignation from the position of President. During Nixon’s first term in office‚ a committee was established to help ensure his reelection in 1972. The Committee to Re-Elect the President‚ acronymed CREEP‚ helped raise funds for his campaign. In total‚ CREEP
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WorldCom’s business model was typical of a telecommunication industry these days‚ which depends heavily on the usage charge which may vary every year. In order to handle this‚ accounting practices have a concept of line cost expense and line cost release. Expenses under GAAP were supposed to be estimated and these estimates are supposed to be revised with appropriate procedure to fairly reflect the reality. If the expense are lower than the estimate‚ they are released‚ which again requires revisiting
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