Earnings Management Pre-Sarbanes Oxley Scandals Backdating of Options Madoff 1 TW 5 Reliance on Accounting Numbers Critically analyse reliance on financial information What we will do this week Understand the concept of “quality” accounting information Develop the skills to know when and how to adjust current earnings for i f income not expected to persist t t dt i t Understand issues the financial analyst faces when dealing with retroactively restated financial statements Understand
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this problem solving? Problem Solving is a tool‚ a skill and a process. It is a tool because it can help to solve an immediate problem or to achieve a goal. It is a skill because you can use it repeatedly‚ like the ability to ride a bicycle‚ add numbers or speak a language. It is also a process because it involves taking a number of steps. Problem solving is a mental process that involves discovering‚ analyzing and solving problem. Reed (2000) posits that the ultimate goal of problem solving
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The question every man reading Hamlet will ask “What is Hamlet’s problem”? The sad truth is‚ Hamlets problem is deeper than what the reader can see and simply cannot be pinpointed. Throughout the play‚ there are multiple situations occurring and Hamlet’s problem is not exact in that given moment in time. His troubles arranges from his father being assassinated by his own uncle and having his mom marry the perpetrator in a hasty wedding to never looking at women the same because of his mother’s lustful
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8-13 PART 1 SOLUTIONS TO THE EXCEL BASED EXERCISES ARE ALSO AVAILABLE IN EXCEL ON THE INSTRUCTOR’S WEBSITE WORKSHEET JOURNAL ENTRIES TO CONVERT TO THE ACCRUAL BASIS OF ACCOUNTING A. CAPITAL ASSETS (NET) 7‚752‚000 NET ASSETS BEGINNING OF YEAR 7‚752‚000 DEPRECIATION EXPENSE 315‚000 CAPITAL ASSETS (NET) 315‚000 CAPITAL ASSETS (NET) 616‚600 CAPITAL OUTLAY (EXPENDITURE) 616‚600 B. NO BEGINNING LONG
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Reliance Industries Limited (RIL) Financial performance for the quarter / year ended 31st March‚ 2014 April 18‚ 2014 at 6:42am RECORD REVENUE OF ` 401‚302 CRORE ($ 67.0 BILLION)‚ UP 8.1% RECORD NET PROFIT OF ` 21‚984 CRORE ($ 3.7 BILLION)‚ UP 4.7% RECORD PBDIT OF ` 39‚813 CRORE ($ 6.6 BILLION)‚ UP 2.7% HIGHEST EVER ANNUAL AND QUARTERLY EBIT FOR REFINING BUSINESS RECORD CONSOLIDATED NET PROFIT OF ` 22‚493 CRORE ($ 3.8 BILLION)‚ UP 7.7% Reliance Industries Limited (RIL) today reported its financial
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BAL ANCE SHEET AS AT 31ST MARCH‚ 2004 As at 31-3-2004 Schedule I. SOURCES OF FUNDS (1) Shareholders’ Funds (a) Share Capital (b) Share Application Money @ [Rs. 5‚250 (Rs. 5‚250 )] (c) Reserves and Surplus (2) Loan Funds (a) Secured Loans (b) Unsecured Loans (3) Deferred Tax Liability (net) (Refer Note 9) (4) Service Line Deposits from Consumers Rs.Crore Rs.Crore As at 31-3-2003 Rs.Crore Rs.Crore 1 175.26 @ 4‚935.71 5‚110.97 137.83 @ 2‚425.67 2‚563.50 60.00 571.94 2‚030.83 236.55 17.74 7
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KINETIC STUDY OF LIQUID-PHASE ADSORPTIVE REMOVAL OF HEAVY METAL IONS BY ALMOND TREE (TERMINALIA CATAPPA L.) LEAVES WASTE ABSTRACT. The kinetic sorption of five metal ions - Al3+‚ Cr6*‚ Zn2+‚ Ag+ and Mn2+ - from aqueous solution onto almond tree leaves (ATL) waste in single component system has been studied. The experimental data was analyzed in terms of intraparticle diffusion and rate of adsorption‚ thus comparing transport mechanism and chemical sorption processes. The sorption rates based on
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technicians that will follow the problem through and figure out what is the most likely problem and finally fix it. Electronics Engineering is a field that requires the interaction of both customer and technicians‚ it is essential that they both cooperate in order to solve the problem as soon as possible. Furthermore‚ Non-Violent Communication is strictly essential in this type of career‚ if there is aggression‚ the problem will see less likely to be solved‚ by proper communication this only can be solved
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Human Reliance on Technology “It has become appallingly obvious that our technology has exceeded our humanity.” ~Albert Einstein Computers‚ iPads‚ iPods‚ palm pilots‚ kindles‚ tablets‚ GPS‚ and even more. In society today‚ most people have one or more of these technology devices that are used on a regular basis. Schedules and agendas are planned and maintained with technology. Majority of communication is made through technology. Stop and think about all of the technology used on an everyday
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"spotty" education and graduated from Harvard University. I felt that displayed a glimpse of his desire and showed why so many people admired Emerson. His thinking was a bit peculiar when he said‚ "To believe your own thought‚ to believe that what is true for you in your private heart‚ is true for all men. That quote impressed upon me that Emerson was very a great orator‚ very persuasive and powerful speaker. The first passage that was significant to me was‚ "If malice and vanity wear
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