Financial Reporting and Analysis – ACG6175 Date: 5/18/09 Revenue Recognition Problems in the Communications Equipment Industry 1 – In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679 million as a result of revenue recognition problems. Yet the firms market capitalization plummeted by $24.7 billion. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? There is usually a grey zone between aggressive accounting‚ which is the
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CASE PROBLEM 2 MOTION PICTURE INDUSTRY: The motion picture industry is a competitive business. More than 50 studios produce a total of 300 to 400 new motion pictures each year‚ and the financial success of each motion picture seems to vary considerably. The opening weekend gross sales‚ the total gross sales‚ the number of theaters the movie was shown in‚ and the number of weeks the motion picture was in the top 60 for gross sales are common variables used to measure the success of a motion picture
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A STUDY ON PROBLEM AND READDRESSAL OF INDIAN BPO INDUSTRY . INTRODUCTION CONCEPTUAL FRAMEWORK: Business Process Outsourcing is the strategic use of outside resources to perform activities traditionally handled by internal staff and resources‚ none of which are core to the functioning of the company. It is a strategy by which an organization contracts routine functions to service providers who specialize in such functions. Thus the service provider is not only responsible for the execution
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The Problems and Prospect of Ship Breaking Industry in Bangladesh: An Overview Presented by Iftekhar Uddin Chowdhury‚ PhD Professor of Sociology University of Chittagong Bangladesh Introduction • • • • Turn discarded ships into scrap Corrosive‚ noisy and dusty in nature Terrible working conditions Environment pollution due to emission of toxic and pollutant gases • Employment generation (about two hundred thousand workers) • Provide 70% raw materials for MS Rod • About
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Motion Picture Industry Ottawa University Britni Skirvin Motion Picture Industry Introduction Motion picture industries are a very competitive business (Anderson‚ Sweeney & Williams‚ 2012). More than 50 studios produce a total of 300 to 400 new motion pictures each year‚ and the financial success of each motion picture varies considerably (Anderson‚ Sweeney & Williams‚ 2012). Data was collected for a sample of 100 motion pictures produced in 2005 (Anderson‚ Sweeney
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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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Drugs Problems and Solutions for the Indian Pharmaceutical Industry Introduction Counterfeit drugs have been around for much of the recent history of industrial-scale drug production in India and abroad. Although detailed data on counterfeit medicines are difficult to obtain by virtue of its very nature‚ a recent WHO report estimates the prevalence to be around 1% of sales in developed countries to over 10% in some developing countries1. The more important aspect of this global problem‚ according
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the highest point‚ it has been declining for several months. China Construction Machinery Industry Association has predicted the next five years‚ the construction machinery industry is expected to be 17% annual growth. But now the growth target is being challenged. Growth in the second quarter of this year began the rapid decline in construction machinery industry had still not out of the signs down‚ the industry growth is still in the ’bottom.’ Affected after construction machinery enterprises are
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IS101 – 1888-Junk-Van Background Information Industry: Environmental and Facilities Service Industry Has a compound annual growth rate of 2.5% (2005 – 2009) Refer to Exhibit 1. Solid Waste Management the largest and most lucrative segment‚ 53.8% of the industry’s total value. Increase in Latent Demands for Waste Collection in both Canada and United States. Exhibit 1: Graph of Compound Annual Growth in Environmental and Facilities Service Industry Company Background Founded: 2008 by Marcus
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Comprehensive Problem 1: Service Industry Note: This problem has a value of 10% of the final grade. Objectives: Demonstrate application of accounting concepts pertaining to a service company‚ including the following: selection of business form‚ journalization and posting of daily transactions‚ creation of unadjusted trial balance‚ adjustment of the accounts to properly report changes in balances‚ creation of financial statements‚ completion of the closing process with appropriate closing
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