Sarbanes-Oxley Act Matthew Greenwell Professor Eric Weitner XACC-291 January 23‚ 2015 In any society there will be people that will do anything to succeed in life which includes breaking the law or even finding loop holes within laws. Now the Sarbanes-Oxley Act is a federal law to try and protect shareholders and the general public from fraudulent practices but in the end it is just a law and all laws can be broken. Some critics have pointed out the “Madoff scandal as a prime example of how the
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Recognizing Differences - Week 4 Kevin A. Froy XACC/291 February 19‚ 2014 Shontell Chrisman Recognizing Differences - Week 4 According to Weygandt‚ Kimmel‚ and Kieso (2010)‚ in accounting valuation means a company is establishing a value‚ or estimating a value of an item. The resources can be assessed as an asset or a liability. Bonds are an example of a liability‚ and stocks‚ patents‚ and trademarks are assets. To get an accurate valuation‚ one has to determine the dependability of the
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Preferred Stock Benita Becton XACC/291 08/23/13 Lisa Pendleton Preferred Stock Preferred stock is capital stock that has some contractual preferences over common stock. These particular stocks give stockholders a priority in distributions of earnings and assets in the event of liquidation. Dividend preferences are one of those features that make preferred stock attractive to investors. If the dividend rate on preferred stock is 5.00 per share‚ then common stockholders don’t receive their
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XACC/280 Week 7 Checkpoint: Ratio‚ Vertical & Horizontal Analysis Jennifer Brooks 3/5/2010 Three commonly used tools of financial system analysis are the horizontal analysis‚ the vertical analysis‚ and the ratio analysis. The horizontal analysis is a technique used for evaluating financial statement data over a period of time. This serves to show performance increase and decrease and may be expressed as an amount or percentage. The horizontal analysis is useful in comparing the results
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Exercises and Problems XACC/291 Principles of Accounting II Week 2 February 8‚ 2015 Exercise E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011 (determine cost of the plant acquisitions). 1. Paid $5‚000 of accrued taxes at time plant site was acquired. 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery
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Formatting Issues contains: Write a 200- to 300-word response that answers the following: Based on the article by Nott (2008)‚ what are some business uses for inserting a canvas within a Microsoft Business - Accounting The final project for XACC 280 is a 1‚750- to 2‚050-word paper in which you provide a comprehensive analysis of the financial health of two companies‚ compare the companies‚ and make recommendations to improve the financial status of each. The paper‚ with citations and references
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Financial Analysis/ Final Project XACC/280 Eden Lord Financial Analysis‚ Final Project Based upon my knowledge learned on financial reporting‚ I had compared to companies reporting statistics. The two companies in comparison are PepsiCo Incorperated and The Coca-Cola Company in which both have reported annual statistics for 2004 and 2005. During my comparison of net incomes‚ gross expenses‚ stock statistics‚ and assets accumulations‚ I have suggested some strategies for each business to take into
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Impacts of Unethical Behavior Adam S. Wilcox XACC/280 5/9/2012 Angelia Hunter Impacts of Unethical Behavior The collapse of Enron in 2001 shed the light on a number of unethical business and accounting practices in the corporate world. In 1986 Enron CEO Kenneth Lay combined his Houston Natural Gas company with several other companies. At this time the company began growing exponentially. By the mid-1990’s the deregulation of the oil and gas industries allowed Enron to spend
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UNIVERSITY OF PHOENIX 9 Steps of the Accounting Cycle XACC/280 1/28/2014 The nine steps of the accounting cycle helps you prepare an accurate closing trail balance. By doing these steps correctly will eliminate recording errors whether they are positive or negative. The first step is to analyze all the transactions made during the period of time the trial balance is for whether it is weekly‚ monthly or quarterly which really depends on how big is the business. The next
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Financial Analysis XACC 280 Nov 18th‚ 2012 Jennifer Parker‚ Axia College Financial Analysis In this paper‚ after reviewing and analyzing Appendix A Specimen Financial Statement for PepsiCo and Appendix B Specimen Financial Statement for the Coca Cola Company‚ I would be providing a financial comparison between the two most known beverages company in the world PepsiCo and Coca-Cola. I will be supporting my financial analysis by showing vertical‚ horizontal‚ and ratio financial analysis
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