Fiat GROUP IAS/IFRS First Time Adoption March 30‚ 2005 Disclaimer This document was prepared to provide a general overview of the impacts of IAS/IFRS on the accounts of Fiat Group during the transition from Italian GAAP to IAS/IFRS As provided for in IFRS 1 – First-time adoption of International Financial Reporting Standards – the information is prepared in accordance with IAS/IFRS published as of December 31‚ 2004 and applicable as of January 1‚ 2005 Information presented in this
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Introduction When many people hear the word Enron‚ they immediately associate it with the most important accounting scandal of our lifetimes. Enron was an American gas company that began as the Northern Natural Gas Company in 1931. Internorth‚ a holding company in headquartered in Omaha‚ Nebraska‚ purchased the Northern Natural Gas Company and reorganized it is 1979. Enron arose from the 1985 merger of Houston Natural Gas and Internorth. After building a large‚ new corporate headquarters in Omaha
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Enron a Case Study Enron‚ once known as the worldwide leader in energy trading‚ began as a natural gas pipeline company. “At its peak‚ Enron brokered up to 20 percent of America’s energy transactions. These included basic contracts to deliver natural gas from wells to pipelines for distribution to homes‚ contracts for the purchase of electrical power facility out port‚ and more complex financial contracts‚ which allowed power companies to manage price and market risk” (Ackman)
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ESSAY VATICAN: Society has been subject to constant change throughout the years especially post World War 2. An internal issue that Frequently faced the catholic denomination of the Christian church was the ability to keep up with the social political and economic upheavals post World War 2. After world war two there was mass production‚ socity boost in technology‚ machines took over humn taks and there was great economic properity. The sexual revolution. In the political sector divorce was legalized
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“Describe how Enron could have been structured differently to avoid such activities” Enron consisted of a Board of Directors‚ Chief Executive Officer (CEO)‚ Chief Operating Officer (COO)‚ Chief Financial Officer (CFO)‚ Chief Accounting Officer (CAO) and a plethora of other officers. The upper level structure of Enron was normal compared to many other large businesses. The Board of Directors is charged with making policies for the company and the CEO and other officers are responsible for carrying
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Example Test Questions Chapter 1 Multiple Choice: 1. Which of the following bodies has the ultimate authority to issue accounting pronouncements in the United States? a. Securities and Exchange Commission b. Financial Accounting Standards Board c. International Accounting Standards Committee d. Internal Revenue Service Answer a 2. What historical evidence of the business operations of the private estate of Apollonius was discovered early inthe20th century? a. The Iliad b. Plato ’s Republic
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CHAPTER ONE INTRODUCTION 1.0 OVERVIEW This paper intent to analyze the performance of Islamic equity unit trust funds’ in CIMB Wealth Advisors Berhad by comparing with the FTSE Bursa Malaysia Composite Index (KLCI) as benchmark. This chapter will discuss the background of the study‚ historical development of unit trust industry in Malaysia‚ understanding unit trust‚ problem statement‚ research objectives and the significance of the study. 1.1 BACKGROUND OF THE STUDY A plenty of investments
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obligations. If the company performed poorly‚ the investors may hesitate to do business with Enron. 3 - In your own words‚ summarize how Enron used SPEs to hide large amounts of company debt. Enron created SPE’s (usually other LLP’s) in order to create cash inflow but did not record the investments and related liabilities (the loans used to create the SPE). Enron used outside investors to secure the new SPE’s. The new investors would bear the risk of the investment and Enron used its company stock
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Professor Niria Leyva-Guitierrez ARTH 1101EE December 8‚ 2009 Hope Dionysos The chosen work is a statue of Dionysos leaning on a female figure. This is a Roman copy of the original 4th century B.C. Greek statue. The statue is entitled “Hope Dionysos” after its former owner‚ Thomas Philip Hope. It was a Gift of The Frederick W. Richmond Foundation. The original statue was made of bronze and it is not certain if the woman was included. It is believed that it may have been added to the Roman
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Enthusiastic‚ quick to learn with good interpersonal and organizational skills. Have a high sense of responsibility and believe in “failing to prepare is preparing to fail”. WORK EXPERIENCE: Summer Program for the Employment of Students(SPES)- Barangay Assistant Secretary DATE: April‚2013-May‚2013 • Performed computer encoding and printing. • Managed barangay weekly meetings and schedule. • Distributed announcements for special barangay activities. • Ensured cleanliness of the barangay
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