Learning Outcomes and Assessment Feedback Name of the Assessor Learning Outcomes Assessment Criteria (AC) Assessor Feedback LO 1 Understand the relationship between strategic management and leadership 1.1 Explain the link between strategic management and leadership 1.2 Analyze the impact of management and leadership styles on strategic decisions 1.3 Evaluate how leadership styles can be adapted to different situations LO 2
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IBCCI’s Misgivings: Four major frauds explained in the Price Waterhouse report. 1. According to the Sandstorm Report‚ some $633 million of losses related to treasury trading. 2. Price Waterhouse had been doing its job‚ there’s no way that this $1 billion exposure [in BCCI’s Central Treasury] which was taken to $11 billion exposure in the course of 3 or 4 months [in 1985] could have happened. 3. All of BCCI’s serious treasury problems were related to the activities at Grand Cayman
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disaster is the approval of the structure of Special Purpose Entities (SPEs) that were used to generate false profits‚ hide losses and keep any unfavourable information out of Enron’s consolidated financial statements. 2) Which Arthur Andersen decisions were faulty? During auditing of Enron’s documents‚ AA has made many decisions which led to their downfall. AA has approved for the structure of Special Purpose Entities (SPEs) which generate
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In the recent years Redlands Manufacturing‚ Inc. has been audited and subjected to constant fiscal penalties due to fraudulent financial reporting on the companies part. Due to the following incorrect procedure the company has had to paid a tremendous amount fines: Channel Stuffing: Incorrect Practice: For financial gain‚ Redlands Manufacturing‚ Inc. shipped equipment to vendors with out a full merchant agreement and agreed to except returned merchandise back if it was not sold by yearend
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strategies for Enron rather than created hundreds of SPEs to remove assets and debts off balance sheet‚ the picture of Enron could have made a difference. Secondly‚ if the audit committee of Enron could point out all those aggressive and risky accounting treatment and propose solutions‚ then the afterward damages could be eliminate or at least minimized. c. The BOD of Enron should have known about the risks and apparent lack of independence with those SPEs. They should have listen to some of the accountants
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Pandora Pandora ad terram mittebatur. Sed Pandora erat curiosa*. Pandora operculum (lid‚ acc. sing.) ollae removit. Multa mala (evils‚ nom. pl) erant in olla! Mala (evils) ad terram volaverunt. Eheu! (Alas!) Una anima in olla mansit--Spes (hope‚ nom. sing). Hodie spes remanet cum hominibus (human beings‚ abl. plural). Pandora was let go by the earth. But Pandora was curious. Pandora lid much evils were in the jar! Evils by earth did fly. Alas! One spirit in jar remained --- hope. Today hope remains
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daughter on top of this mountain‚ the climbing of the mountain was Ike’s long journey‚ to realization. It ends with Ike saying that they can come down off the mountain‚ symbolizing that everyone had finally realized the guilt‚ and the start of everyone on spes working towards a solution to fix what they had
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The costs of intangible assets that are purchased from others for use in research and development activities and that have alternative future uses (in research and development projects or otherwise) shall be accounted for in accordance with Topic 350. The amortization of those intangible assets used in research and development activities is a research and development cost. However‚ the costs of intangibles that are purchased from others for a particular research and development project and that
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The Enron Scandal One of the most popular business bankruptcies and collapses known to date is that of the Enron Corporation. Enron‚ once known as "America ’s Most Innovative Company" by Fortune Magazine six straight years from 1996 to 2001. Enron seemed to be doing very well until the summer of 2001 generating a lot of cash and new businesses‚ but in October of 2001 Enron was forced to disclose that their accounting practices had been very creative‚ and failed to follow generally accepted accounting
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Henry Hudson School vs. Rowley Henry Hudson School vs. Rowley Diana Arrowood Grand Canyon University: SPE-350 August 31‚ 2012 Abstract I am writing this paper on the court case of Hudson District School vs. Rowley. I will discuss those involved in the case‚ what issues brought this case to trial‚ how and when the case was adjudicated‚ and the final outcome of the trial. I will also tell how I feel about this case and what it accomplished for the education system. Every student has the
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