Jamaica Water Properties A Case Study The case is about an accounting fraud that involves the Jamaica Water Properties‚ Inc. The fraud was characterized by misapplication of purchase method of accounting for acquisitions‚ recording fictitious assets‚ improper accounting for NOLCO‚ non-recording of appropriate allowances for uncollectible receivables‚ and misapplication of the percentage-of-completion method of accounting for long-term contracts. Ernest Grendi made the fraud possible‚ company
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I. Introduction to Property Law (1-12) Restatement View of Property 1. The legal relations between persons with respect to a thing. a. Thing may be an object with a physical existence or an intangible object. 2. Bundle of Sticks – each stick represents a right a. Posses‚ use‚ manage‚ consume‚ destroy‚ modify‚ alienate‚ etc Classical Perspectives 1. Occupation - one of the natural modes of acquisition a. Taking possession of property of no man with the intention of keeping it (sometimes
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because it is a higher imperative of human happiness existence than “Conflict Management and Happiness.” 318. “Conflict Management” is essential‚ but it is management after-the- fact. Conflict Avoidance is a more potent strategy than Conflict Management‚ deserving of more emphasis‚ research and study. 319. Conflict and happiness may appear as a contradictory assertion. On the one hand‚ conflict connotes disagreement between and among people. It implies‚ somewhat falsely that the opposing sides will
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Protection of New Varieties (UPOV) Convention. The UPOV Convention‚ formed in 1961‚ acknowledges breeders of new plant varieties through uniform and clearly defined principles for exclusive property rights‚ based on criteria that the variety is distinctive‚ uniform‚ stable and novel.33 33 Commission on Intellectual Property Rights‚ 2002. 34 The Light Years project and in a recent World Bank report (Barconcelli et al.‚ 2004). Geographical Indications are a second measure used to protect diversity in
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Investment Property Entities Financial Accounting Theory: Investment Property Entities Introduction Leases have become a highly debated financial accounting theory in the accounting and business world throughout the integration of U.S Generally Accepted Accounting Principle (GAAP) and International Financial Reporting Standards (IFRS). The purpose of the following research is to evaluate the project being conducted on financial accounting theory: Investment Property Entities. The FASB project
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Chapter 1 to 3 Chapter 9 Revision on Financial Derivatives & Properties of Options Prices • What are financial derivatives? What are their roles in finance? • Give examples of derivatives and draw their profit diagrams. • Name some financial derivatives that are traded in Bursa Malaysia. 2 • Definition A financial instrument that has a value determined by the price of something else Risk management. Derivatives are tools for companies and other users to reduce risks Speculation
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location of that business. With a white-water rafting business there are several important factors that a company must look at before they can proceed. First item is the legal aspects of acquiring‚ holding‚ and disposing of both real and personal properties. This aspect is more important because it is the first steps that the client needs to make to get their business up and running. The next item is to analyze the business for insurance purposes. White water rafting can be a dangerous sport‚ and therefore
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is Ownership. Ownership of properties is not only a dream but also literally a right of passage in America that symbolizes newfound stature and success. In our society‚ these symbols have come under fire by those who would seek to take that away called the “Plaintiff”. This new stature comes in many forms but today we will talk about two that are in the most jeopardy and require legal protections‚ in the form of either Real Property‚ or Intellectual Property. Real property (or realty) is a legal term
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PROPERTY‚ PLANT AND EQUIPMENT I. Major Characteristics a. Tangible assets (with physical substance) b. Used in business – production or supply of goods or services‚ for rental purposes‚ and for administrative purposes c. Expected to be used for a period of more than one year Examples Property not subject to depreciation – e.g.‚ land Property subject to depreciation – e.g.‚ building‚ machinery‚ equipment‚ furniture‚ fixtures‚ leasehold improvements II. Initial Recognition a. Should comply with
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ECONOMIC ANALYSIS EXERCISE 1: What do you think is the difference between management skills and entrepreneurship?. How do they contribute to the economic success of a business? Management skills is about making an existing business work effectively and efficiently‚ organizing and coordinating the activities according to certain policies and achieving clearly defined objectives (i.e. vision‚ mission). Usually‚ the foundation of the business has been laid and established. It involves planning
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