Irrational Ratios 1 of 5 http://www.journalofaccountancy.com/Issues/2001/Aug/IrrationalRatios... FRAUD The numbers raise a red flag. BY JOSEPH T. WELLS AUGUST 2001 inancial statements tell a story‚” says accounting professor W. Steve Albrecht‚ “and the story should make sense.” If not‚ it’s possible the story is a fake. By standing far enough back from the numbers to get a good picture of the client’s business‚ auditors frequently can detect signs of financial statement frauds
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INTEREST INVENTORIES * assess the child’s likes and dislikes or the preferences * questionnaires that ask you about your likes and dislikes in a wide range of general activities. Your answers are used to develop a personal interest profile‚ which is then compared to the profiles of other students or to groups of people who are successfully employed in various occupations. A high level of similarity between your profile and the profiles of students in particular majors or people in particular
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What is an Interest Group? An interest group (also referred to as advocacy groups) is an organization organized by a special set of people with specific skills to lobby for or against a specific interest to benefit their cause. They usually lobby for one or more shared concerns to manipulate public policy and opinion especially in the U.S. Congress to benefit their cause‚ supporters‚ or one segment of society. They include a vast array of organizations such as: charitable organizations‚ civil right
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These interest groups help bridge the gap between citizens and the government and enable citizens to explain their views on policies to public officials. These groups would help provide public officials with detailed information that might be difficult to obtain‚ which in return help make policy choices better. Just as how there are checks and balances for the government‚ some interest groups serve as a check of public officials to make sure they
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Interest Groups Interest Group is defined as "an organized body of individuals who try to influence public policy." This system is designed so that interest groups would be an instrument of public influence on politics to create changes‚ but would not threaten the government much. Whether this is still the case or not is an important question that we must find out. Interest groups play many different roles in the American political system‚ such as representation‚ participation‚ education‚ and
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The major profitability ratios are: 1.1.1.1 RETURN ON CAPITAL: Describes the earning capacity of the enterprise and it is measured by the following ratio: Profit before interest and taxation Average operating Assets The Return On Capital ratio measures how well the average operating assets (assets such as debtors‚ cash‚ fixed assets‚ stock) are generating the company s income‚ and is indicative of the management techniques applied by the company to utilise its assets
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to meet the industry averages. Ratios and current performance will be evaluated and advice will be given on how this business will be able to improve. A final decision will be made to decide if K Chapman will be able to be granted the loan from the Commonwealth bank or not. Ratios and Current Performance: The ratio of greatest concern to K Chapman is the net profit ratio. The net profit ratio is defined as the percentage of net profit earned on a period of time‚ (it shows how margin of profitability
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31 7. Findings………………………………………………………………….37 8. Bibliography …………………………………………………………….38 9. Appendices ……………………………………………………………...39 LIST OF FIGURES Figure 1: Time series of the yield of the treasury bills…..………………….………...21 Figure 2: Time series of the Spread of the treasury bills………………….….…….....22 Figure 3: Time series of the yield of the treasury bills and WPI index….……………24 Figure 4: Relation between yield and GDP ………………………………….…….…25 Figure 5: Relation between yield and
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I am writing this letter in regards to a Duty Manager position that’s become available. This position has been of great interest to me for quite some time now‚ I believe I have the necessary leadership skills and attention to details to make a valuable contribution to your venue. I held the Duty Manager position at different venues in the past. Having worked in the hospitality industry for the last five years‚ I have developed a passion for providing top-quality customer service and I believe
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Interest Groups Help More Than Hurt Voter turnout has declined since 1960 but participation in interest groups has been growing. Participating in interest groups allows people to take action on issues that are most important to them. Unlike some linkage institutions‚ interest groups have a very close connection to government. Interest groups are an essential part of the democratic system because they allow the public to enter the political system‚ bring up specific issues in government‚ and
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