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Accounts Receivable Cash Flow
1,321 wordsPurpose: To analyze the cause and effect of the significant drop of Traditional Industry's (Traditional) 1989 net income, from 1988 record breaking amount number. We have noted the following weaknesses in reporting as the primary cause of Traditional's bankruptcy: Traditional had not properly recorded bad debt expense and account receivable for the year 1988, as such, we will reconstruct the journal entries for bad debt expense and accounts receivable write-offs for 1987, 1988, 1989. If bad debt...
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Ohio University Accounting One
456 words"A University should be a place of delight, of liberty, and of learning, " remarked Benjamin Disraeli, an English author, as if he had Ohio University in mind as he placed his thoughts in writing. How could Ohio University help me achieve intellectual independence and assist me in my career goals? Being one of the finest establishments in the mid-eastern United States, Ohio University would allow me to fulfill my perfectionist ideals; I would be able to compete with the best and the brightest. M...
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Net Profit Balance Sheet
1,313 words... r friendliness and utility have been sacrificed on the alter of harmonisation with international standards. To be more particular with respect to changes Ravlic (2002) discovered from Prentice that items, such as abnormal items were hardly being reported on the face of the Statement of Financial Performance, therefore companies were not truly showing the impact of these items. Moreover, what profit after tax was in comparison to sustainable cash flows. A more specific example why the trilogy...
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Order To Succeed Personality And Lifestyle Career
479 wordsWhy do you want a career in and feel you will be successful in your chosen field? In todays society, education stands as a significant factor in order to succeed. We are now being challenged by new technology and being expected to cope with a changing world. There are many factors in life that influence our decision-making, personality, and lifestyle which will determine our future stability. In my case, being a single mother, I anticipate that it is my obligation to take advantage of every oppo...
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Put Into Place Internal Controls
1,088 wordsIn accounting systems, certain controls are needed to ensure that employees are doing their jobs properly and ensure that the system runs properly. These checks are in the best interest of the organization. These controls come in the form of internal and external controls for the system. The internal controls are the checks that are placed in the system my the company's own management and directors. Today more and more companies are moving from the manual accounting systems to computerized accou...
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Enron A History And How The Company Imploded
1,282 words... and Electric Company is one of the three major utility companies in the region, along with Southern California Edison and San Diego Gas & Electric Company. August 14, 2001 CEO Jeff Skilling resigns stating "personal reasons. " October 12, 2001 Enron announces that it made a US $ 638 million loss during the third quarter of the fiscal year 2001. October 24, 2001 Andrew Fastow is ousted as the chief financial officer because of his involvement into questionable business transactions and pa...
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Stock Price 300 Million
820 wordsAs Skilling went up in rank he started to get the company involved in risky investments to make more profit. In an interview with the University of Virginia he said "We like risk because you make money by taking risk, " This was one of the many reasons which got Enron into financial debt, Skilling also persuaded regulators to allow Enron to use "market-to-market" accounting. A technique used by brokerage companies for securities trading. It allowed Enron to count long-term contracts as immediate...
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Foreign Exchange Foreign Currency
1,500 wordsExchange Rate Risk The continuing globalization of business and securities markets, deregulation of some of the worlds financial markets, and tax reform have led to the creation of numerous innovative corporate financing tools. Additionally, foreign currency exchange rates have become increasingly volatile in the financial markets. Management of foreign exchange risk has become a more challenging task. The newly developed instruments also pose new risks to management. Therefore, it is essential ...
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Predatory Pricing Pricing Strategy
2,942 wordsPredatory Pricing Introduction Pricing includes a variety of different problems relating to marketing, management accounting, planning, and economics. Proper usage of effective pricing models allows a company to raise its profitability of sales by avoiding and correcting erroneous pricing solutions. The development of pricing strategies is a task usually performed by top managers as a part of developing the general business strategy of a company. Successful pricing requires a good knowledge of t...
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Standardized Testing In The School System
1,559 wordsStandardized Testing in the School System At all levels, from pre-school to four-year colleges and universities, US public education is dominated by a win-lose competitive model, established and supported through standardized testing system. While this model has been relatively successful in educating and training most Americans to function in the type of economic environment that has prevailed since the Second World War, it has almost completely failed to develop a citizenry that can participat...
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Financial Analyst Bachelors Degree
1,225 wordsCareer Research Decision-making process is our fellow-traveler. Making correct plans or job-related decisions can be extremely difficult. The recent decision I have made affecting my job is to choose a career in Finance, namely, to become a Financial Analyst. It was quite a difficult process when I had to choose the aim and determine the way I need to act for realization of my aim. This process embraces correlation of goals, values of realization, assessments and motives, to mention a few. First...
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Irwin Mcgraw Hill General Accounting Office
1,539 words... areas. Hungry new competitors are baying at the door. Deregulation The intensity of competition among postal services will depend largely on the extent of deregulation. Governments generally are supporting state monopolies less, and the postal monopoly is no exception. They realize that a monopoly limits a postal operator's incentive to be efficient, and that competition will be distorted as long as an operator can subsidize its deregulated business segments with profits earned in protected ...
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Human Resource Professionals Securities And Exchange Commission
1,539 words... it immediately jumps out. If you put a frog in cool water and slowly heat up the water, you can eventually boil the frog. In other words one doesn't seem to notice the adverse changes in its environment, until it is too late. The last myth in Managing Ethics in the workplace has little practical relevance. To manage ethics in the workplace one must identify and prioritize values to guide behaviors of the organization and its employees. Then policies and procedures must be established to ensu...
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Australian Telecommunication Industry Part 1
1,628 wordsAustralian Telecommunication Industry Analysis Australia has one of the most open and liberal markets for competition in international telecommunication services. Market liberalization has created opportunities for new players to enter the Australian market and provide all types of services to Australian telecommunications users. An industry analysis states that the international telecommunications services market is currently valued at around A$ 150 b. (Commission paper no. 10, February 1998). ...
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Human Resource Professionals Securities And Exchange Commission
1,521 words... jumps out. If you put a frog in cool water and slowly heat up the water, you can eventually boil the frog. In other words one doesn't seem to notice the adverse changes in its environment, until it is too late. The last myth in Managing Ethics in the workplace has little practical relevance. To manage ethics in the workplace one must identify and prioritize values to guide behaviors of the organization and its employees. Then policies and procedures must be established to ensure those behavi...
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United States Postal General Accounting Office
1,333 wordsMonopoly of the Postal Service In the United States economy most markets can be classified into four different markets structures. But, each and every market in the United States is completely unique from the others. Generally the best type of market structure for the general public is per-fect competition because it creates the lowest possible price for the public. There are some exceptions were perfect competition isn? t the best choice for the public on account of various reasons. The United ...
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Accounting Firms Stay Competitive
1,803 wordsDeloitte &# 038; Touche: a firm with many opportunities When an Accounting major is trying to find a firm to work for, there are 5 companies that typically come into mind. These companies are the Big 5 Accounting Firms, which include Ernst &# 038; Young, KPMG, Deloitte &# 038; Touche, Arthur Andersen, and Price Waterhouse Coopers. The choice the student now has to make is which Big 5 Firm to go with. On the outside they all appear to be basically the same and pretty much offer comparable benefit...
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Y 2 K Strategic Alliances
3,877 wordsI. Current Situation (1991 - 1993) 1. History of IBM: IBM is a multinational corporation that started its activities in 1911. But its origins can be traced back to 1890, during the height of the Industrial Revolution. It was first known as the Computing-Recording Company, then in 1924, it took the name of International Business Machines. Nowadays, this multinational company is known as the? Big Blue? . 2. Mission statement IBM main activity is to find solutions to its wide range of clients using...
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Irwin Mcgraw Hill Due To The Fact
542 wordsJ. I. T. Manufacturing And Inventory Control System Essay, J. I. T. Manufacturing And Inventory Control System Since the dawn of human existence evolution in all sectors of society has occurred due to Economic factors. This has mainly happened due to the fact that all technological achievements have occurred in favor of money. Specifically we can admit that Economy is the main reason for growth and development. By these means it is in our interest to establish strong economies either as societie...
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White Collar Crime Cost Benefit Analysis
2,980 wordsPolitics of Criminal Justice White collar crime costs the United States more money than all street crime put together in any given year. There are more people each year that are willing to commit these crimes. Society does not feel that white-collar crimes are deviant; the people who commit these crimes do not think of themselves as criminals. This type of crime is one of the most vexing even though most people feel little threat of this crime in their communities. What many do not realize is th...
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Customer center
