AUDITING II HOMEWORK “Internet Problem 14-1: Revenue Recognition Fraud” Chapter 14 Wahyunda Risa Putri 1210534008 Shabrina Alin Firstiana 1210534010 Atikah Galuh Wilandra1210534013 Lecturer : Suhernita‚ SE‚ ForeAcc‚ Akt. International Class Faculty of Economics Andalas University 2014 INTERNET PROBLEM 14-1: REVENUE RECOGNITION FRAUD The Securities and Exchange Commission (SEC) found that Bally Total Fitness Holding Corporation‚ a nationwide commercial operator of fitness centers‚ fraudulently
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Revenue-Recognition Problems in the Communications Equipment Industry 1) In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679m as a result of revenue recognition problems. Yet the firm’s market capitalization plummeted by $24.7bn. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? The large drop in market capitalization is probably due to several factors. Historically‚ Lucent had successfully met analysts’ projections for
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to Kano‚ Nigeria‚ to begin a two-year term in an agricultural ministry in the Kano area. He returned to the United States in 1981 and enrolled in the Interdisciplinary track of Wheaton Graduate School. In June 1982 he returned to Nigeria under SIM‚ where he planned to complete his graduate degree while continuing mission work. In August 1984‚ Larson returned to Wheaton College Graduate School and received an M.A. in 1986. Larson established a joint venture in Nigeria in 1994‚ with local partner who
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Intervention Provincial and local government National government intervening in provincial government * The national government is given overall responsibility for ensuring that other spheres of government carry out their obligations under the constitution * Where a province cannot or does not fulfil an executive obligation in terms of legislation or the constitution‚ the national executive can intervene by taking appropriate steps to ensure the fulfilment of that obligation including
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NIGERIA The Federal Republic of Nigeria comprises thirty six states and its Federal Capital Territory is Abuja. Nigeria is located in West Africa and shares land borders with the Republic of Benin in the west‚ Chad and Cameroon in the east‚ and Niger in the north. Its coast in the south lies on the Gulf of Guinea on the Atlantic Ocean. The Flag The flag of Nigeria consists of three equal sized vertical stripes - the right and left stripe are green; and the middle stripe is white. The Nigerian
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Transport and logistics research and its impact on capacity building of local institutions in Nigeria 1 Somuyiwa‚ A.O. Ph.D‚ CMILT‚ 2 Oyesiku‚ O.O Ph.D‚ FCILT and 3Dosunmu‚ V.A. M.sc‚ CMILT Department of Transport Management‚ Ladoke Akintola University of Technology‚ Ogbomoso‚ Oyo State‚ Nigeria. 2 Professor‚ Transport Systems and Planning‚Dept of Geography and Regional Planning‚ Olabisi Onabanjo University‚ Ago-Iwoye‚ Ogun State‚ Nigeria ABSTRACT The paper through descriptive analysis sought to explain
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The biggest problem facing our generation is fixing the mistakes that our fearless leaders have made. George W. Bush had made many mistakes while in office from 2001 to 2009. One of the most controversial issues that he had completed related to the signing of a report endorsing outsourcing with thousands of American workers having their jobs shipped overseas. He may have had good intentions‚ but all that was lost after the signing of this bill that took 2.6 million jobs away from the people of the
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Introduction 1.1 Background of the study Local authority revenue is the money collected from provision of service and donation from individual and other organization. Every local authority globally has its type of revenue that it collects depending upon the environments surrounding it and the type of service it offers to its resident or citizens. The availability control and use of finances are the core of any organization existence and not least local authorities‚ in them public services role
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Chapter - 1 1) Briefly explain the evolution of microprocessor based on IC fabrication technology clock frequency & instruction cycle. 2) Explain Moore’s law. 3) What do you understand by instruction set? 4) Define following key wordy respective to digital system design. (a) Synthesis (b) Specification (c) Analysis (d) Implementation 5) What is dynamic static instruction briefly explain. 6) Define processor performance. 7) How can you estimate processor performance
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a structured political economy similar to that of the United States. The term political economy examines the relationship between politics and economics in modern societies. Specifically‚ this relationship consists of a key alliance between the government and the economy which are manipulated by the capitalist class in order to serve all of their own interests. The capitalist class however can be further broken down into a ruling class that holds the greatest power not only among its military governmental
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