Analysis Case Exxon vs. Shell: Understanding the effect of inventory valuation on Financial Statements Designed by: Valeri Nikolaev Objective: Understanding the effect of inventory valuation assumptions on financial statements. Assignment summary: You are taking the role of a security analyst who recently started following the Oil and Gas industry. The analyst has a task to draw a comparison of several financial indicators for two industry leaders: Exxon Mobil and Royal Dutch Shell‚ based on their income
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of the Enron Scandal The main problem of the Enron scandal was that they committed business fraud. This is what the root problem of the company was. The sad thing about the Enron scandal was that approximately 22‚000 men and women lost their jobs. Not only did it affect the people who worked for the company but the problem was that it also affected other accounting firms that worked directly with Enron‚ for example the company Arthur Anderson went under because of the Enron scandal and this also
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protected. Traditionally‚ as noted above‚ the courts had jurisdiction to decide whether a prerogative existed and‚ if so‚ its scope. Judges would not examine the merits of the exercise of the prerogative. In the case of Attorney General v de Keyser’s Royal Hotel Ltd (1920)‚ the House of Lords ruled that where an Act of Parliament covers the same scope as a prerogative‚ the Act of Parliament prevails and the prerogative – if not expressly abolished – is placed is abeyance (effectively suspended). Accordingly
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INTRODUCTION OF SHELL PAKISTAN Shell is currently engaged in Storage Distribution Marketing of petroleum products‚ Petrochemicals‚ LPG & CNG. History The Shell brand name enjoys a 100-year history in this part of the world‚ dating back to 1899 when Asiatic Petroleum‚ the far eastern marketing arm of two companies: Shell Transport Company and Royal Dutch Petroleum Company‚ began importing kerosene oil from Azerbaijan into the subcontinent. Even today‚ the legacy of the past is visible in a storage
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HIH Insurance Company Background HIH was originally found in 1968 by Ray Williams‚ then was acquired by British company CE Health PLC in 1971‚ and renamed as "HIH" in 1995. Before its collapse‚ HIH was the second largest insurance company in Australia‚ and covered several insurance segments‚ including worker’s compensation‚ public and private liability‚ property‚ industrial and commercial insurance. It also expanded globally into the US and UK markets. On March 15‚ 2001‚ HIH insurance was
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The Watergate Scandal Victoria Daniele Constitutional History May 19‚ 2013 The Watergate Scandal involved a number of illegal activities that were designed to help President Richard Nixon win re-election. The scandal involved burglary‚ wiretapping‚ campaign financing violations‚ and the use of government agencies to harm political opponents. A major part of the scandal was also the cover-up of all these illegal actions. The Watergate Scandal got its name from the Watergate office complex
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Before getting into the Payola scandal and explaining what happened‚ it is important to know what payola is first. In the music industry‚ payola is the illegal practice of payment or other inducement by record companies for the broadcast of recordings on music radio‚ in which the song is presented as being of the normal day’s broadcast (Neira). A radio station can play a certain song in exchange for money‚ but the radio station must disclose this on the air as being sponsored airtime. The playing
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[pic] ACCTG 312 SC 2012: Assignment 1 Current issues – scandals in auditing Introduction • For this assignment‚ you are required to research and report back on one of four well known scandals that involve auditors in some way. • It can be commenced after week 1 lectures are completed‚ so gives you a chance to get part of your semester’s work done early. It is due in week 3 (Thursday at 4 pm). • You will also be required to very briefly report to your tutorial group on one interesting
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Penang’s Changing Role in the Straits Settlementsi‚ 1826-1946 C.M. Turnbull Email maryturnbull@beeb.net ABSTRACT When the East India Company created the Straits Settlements (comprising Penang & Province Wellesley‚ Melaka and Singapore) as the Fourth Presidency of India in 1826‚ Penang was the capital‚ the most important of the settlements. While it remained the headquarters of the judiciary until 1855‚ Penang soon gave way to Singapore as the administrative and commercial capital in
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Enterprise IT at Cisco (2004) Question: How well did Solviks’ model work? Did it have the desired effect of turning managers into IT enthusiasts? Answer: At Cisco‚ Pete Solvik was considered a “visionary” and a “cult-like figure” to many managers because of his innovative ideas on how to use IT to change the company. (Aungle video). During Solviks’ rein‚ Cisco was growing at an exponential rate and it was John Chambers’ attitude that as long as they were growing‚ the business units could
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