Olympus Corporation‚ a major Japanese manufacturer of optical equipment listed on the Tokyo Stock Exchange‚ was reported to have a 10-year loss-hiding scandal in Oct 14‚ 2011. The scandal came to light when the then Olympus chief executive Michael Woodford went public with concerns over huge payments the company had made. Olympus invested in financial derivatives and other risky investments to boost profits during 1980s. But its investment portfolio had a loss in value of $2.1 billion in 1991. In
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The Olympus Scandal Hot Potatoes and Flying Funds Summary This paper describes the case of Olympus‚ a Japanese manufacturer of optic equipment‚ at which in early 2012 a scandal was uncovered which was soon dubbed to be one of the largest loss-concealment schemes of Japan. In the 1990’s‚ Olympus incurred significant losses on financial investments made. These were subsequently hidden with the aid of investment companies by shifting the investments around. In the 2000’s‚ these losses were
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What is Fraud? Fraud occurs when individuals purposely materially misstate facts with the intent of coercing someone to believe these misrepresentations. Upon believing the misrepresentation‚ individuals will act upon them and suffer a loss or damages. Fraud occurs in various forms: 1. Misappropriation of assets 2. Fraudulent financial reporting 3. Employee fraud 4. Management fraud The Fraud Triangle * Motive/Incentive: a reason to commit the fraud * Opportunity:
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Mount Olympus Sacred Destin James I. Evan HUM/105 14 January 2 Ms. Jean Wh Origins & Purpose • Formed after the Titanomanchy (War of the Titans) • Created to be a meeting and dwelling place for the Twelve Olympians The Twelve Olympians • Zeus‚ king of the gods‚ god of the sky‚ lightning‚ thunder‚ law‚ order and justice • Hera‚ queen of the gods‚ goddess of marriage and childbirth The Twelve Olympians • Poseidon‚ Zeus ’s brother‚ god of the seas‚ earthquakes and tidal waves. • Hestia Zeus’s
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The Blood of Olympus is the last book in The Heroes of Olympus series written by Rick Riordan. The Heroes of Olympus books are extensions of the Percy Jackson series. The Blood of Olympus is a fiction book about Greek mythology; therefore‚ it has a few untrue parts. Despite its classification as a fiction book‚ The Blood of Olympus contains several nonfiction aspects that tie into the studies in AP World History. Rick Riordan writes a nonfiction statement on page twenty-nine. He talks about two
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Recommendations Olympus Optical Company has come a long way in regards to reducing cost and recapturing market share but they are continuing to face problems. In addition to cost issues Olympus is also facing flexibility issues‚ such as shorter product life cycles and an increasing number of products needed to satisfy customers. To address these problems we recommend Olympus implement a concurrent engineering program‚ a modular production strategy‚ and reconsider the functional group management
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Brody Martin 30 January 2014 Global Studies Mr. Ringle Mount Olympus Mount Olympus is the tallest mountain point in Greece. Greeks believed that it was the place on earth or in heaven. Greeks believed that there where 12 gods. Zeus‚ Hera‚ Poseidon ‚ Athena‚ Ares‚ Apollo‚ Artemisia‚ Hermes‚ Aphrodite‚ Demeter‚ Hades‚ Hephaestus are all of those twelve guys. Hestia turned her place over to Dionysus. Zeus was the king of gods he had two brothers and three sisters and his father had died.
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Throughout the book Blood of Olympus by the New York Times Bestseller author Rick Riordan‚ the main characters visited the Sanctuary of Asclepius (Asklepios) to find the god of medicine Askelpios. The Sanctuary of Asklepios which they visited was found in the city-state of Epidaurus. Epidaurus is a city-state in the Naupile Province which is in the northeastern part of the Peloponnese. The polis is located in the Argolides valley and is surrounded by rocky cliffs with little to no vegetation. The
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rising value of the yen put pressure on profitability of companies like Olympus‚ which were largely dependent on exports. Cameras sold in the U.S. yielded far less yen and net profit went down substantially. Olympus then started to seek earnings from speculative investments in financial products‚ which worked well until 1990 when the bubble in asset prices burst. Instead of liquidating their assets and reporting their losses‚ Olympus began to invest in even riskier financial instruments‚ which failed
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Mount Olympus 1. The twelve Olympian gods lived on Olympus. 2. Mount Olympus is the mountain on which the 12 gods built their home and were summoned by Zeus. 3. Mount Olympus is on the Greeks tallest mountain named mount Olympus for the gods home. 4. Poseidon- Greek god of the sea who was one of the most powerful of all of the gods in Greek mythology. He was one of the 12 Olympian gods and goddesses who held court on Mount Olympus. 5. Hephaestus- huh-fes’-tuhs Aphrodite- af-roh-dy’-tee Psyche-
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