Barry Minkow – Misrepresentation and Ponzi in 1987 Establishment of ZZZZ Best Company When he was a sophomore in high school‚ Barry Minkow founded a carpet cleaning company - ZZZZ Best Company in his parents’ garage. At that time‚ the carpet cleaning industry has few entry barriers and all Minkow needed was a small amount of start-up capital. However‚ he soon found out that his firm was actually tough to survive in the industry as the ease of entry means fierce competition. The young man encountered
Premium Fraud
Beaulieu motor museum Section 1- Beaulieu motor museum is located near the new forest where most customers come from the new forest and go visit the museum. Beaulieu motor museum is a big visitor attraction; they have up to 250 cars. Beaulieu has so much to offer to their customers and they try to meet every customers need that come to the museum‚ how they find out their customers’ needs is they hand out a paper and it asks them what they would change about the museum? And customers give their
Premium James Bond
Solution sto Chapter 2 Problems Accounting Judgements Questions 1. Accounting principles include: (a) Underlying assumptions – basic underlying assumptions that make accounting possible. (b) Qualitative criteria – standards to judge policy choices in conjunction with reporting objectives. (c) Measurement methods – ways to measure results and financial position. 2. The importance of establishing a document such as the IASB’s Framework is that this material helps standard setters when
Premium Balance sheet Generally Accepted Accounting Principles Depreciation
Behavioral management strategies are recognizes the importance of human behavior patterns in shaping managerial style. Strategic management is what refers to the overall long run management. Strategic management goes hand in hand with strategic planning which consist of a few different steps in order to use Strategic management in the organization. Both strategies are can and are sometimes used in many different organizations and both have a great importance in skills for managers to run an organization
Premium Management Strategic management
CHAPTER 5: ACCOUNTING FOR GENERAL CAPITAL ASSETS AND CAPITAL PROJECTS OUTLINE Number Topic Type/Task Status (re: 13/e) Questions: 5-1 Distinguishing general capital assets from fund capital assets Describe New 5-2 Capital asset disclosures Explain New 5-3 Modified approach for infrastructure Describe New 5-4 Capital lease accounting Describe 5-8 revised 5-5 Asset impairment Explain New 5-6 Use of capital projects funds Explain 5-4 revised 5-7 Encumbrances Explain Same 5-8 Construction
Premium Asset Generally Accepted Accounting Principles Balance sheet
It is also about recognizing significant elements in a situation‚ and to understand the relationships among the elements.3 Question 2 Planning‚ organizing‚ leading and controlling are referred to in your Unit Guide as the classic management functions. Define each function and provide 2 examples of each function within your organization. Answer Planning is the management function that involves the process of defining goals‚ establishing a strategy to obtain those goals as well as developing
Premium Management
Barry Allen is the fastest man alive. During the day he is a forensic scientist for the Central City Police Department‚ but when he isn’t working he is known as The Flash. He gained his super speed when the particle accelerator exploded and sent a wave of energy throughout Central City. The energy mixed with lightning which was struck Barry while he was holding onto a chain trying to close the roof to his lab. This lightning contained the speed force which is what gave him super speed. With his speed
Premium
CHAPTER 11 CORPORATIONS―AN INTRODUCTION Review Questions 1. “A corporation is an artificial person separate and distinct from its owners.” Briefly explain this statement. 2. Identify the types of relationships that can exist between a corporation and its shareholders. 3. What factors may influence the value of a corporation’s common share capital? 4. Identify two ways in which a shareholder can realize a return on a share investment. Describe the relationship between them.
Premium Taxation Tax Corporate tax
Chapter 1 Managerial Accounting and Cost Concepts Solutions to Questions 1-1 The three major elements of product costs in a manufacturing company are direct materials‚ direct labor‚ and manufacturing overhead. 1-2 a. Direct materials are an integral part of a finished product and their costs can be conveniently traced to it. b. Indirect materials are generally small items of material such as glue and nails. They may be an integral part of a finished product but their costs can be
Premium Costs Variable cost Fixed cost
Service Capacity * Service Capacity is defined as the maximum level of value-added activity‚ which can be consistently achieved over a period of time under normal operating conditions. * The important consideration is that the service provider should be able to sustain provision of service at such a rate comfortably under normal working conditions. * It can be expressed as : 1. Max. number of patient attended by a Doctor / hr. 2. Max. number of calls attended by a Executive
Premium Service system Service Service provider