Critically Evaluate The Role Of The Accountancy Profession In Recent Corporate Scandals Such As Enron, Xerox And Worldcom - 1,164 words
It is expected that the accountancy profession would play quite an important role in scandals such as Enron, Xerox, and Worldcom, as all they all deal with the financial accounts not showing a true and fair view the company. Hence it is the role of accountants to prepare and check the financial statements. Therefore I feel that in the essay it is worth analyzing who exactly in the accountancy profession was responsible for each action in scandals, and show how 'accountants move easily from watchdogs in their capacity as auditors to being the architects of clever deals and frauds as CFO's and CEO's.' (lies damn lies) In the Statement of Auditing Standards 100, published on March 1995, we are ...
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Critically Evaluate The Role Of The Accountancy Profession In Recent Corporate Scandals Such As Enron, Xerox And Worldcom - 1,127 words
... t-off fraud. 'Under SAB 1010 issued 1999, the SEC established four main criteria for proper revenue recognition: evidence than an arrangement between a buyer and a seller exists, delivery of a product or rendering of a service, a set or determinable price, and an insurance that payment can be collected.' (Revenue recognition) WorldCom, the nation's second-largest long-distance phone company was also found guilty of accounting fraud. The basis of this fraud was very similar to that of Enron in that it used window-dressing to inflate profit. However WorldCom's major sham was that they disguised $3.8 billion in expenses over 15 months. This was carried out in the strategy operated by their ...
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Xerox And It Management - 821 words
Xerox is one of the largest companies in the document processing products and services industry. Xerox held a virtual monopoly in the plain-paper copier market until the Federal Trade Commission intervened. In 1975 Xerox was forced to forfeit patent protection and had to license to competitors. Xerox's markets share dipped from 80% in 1976 to 13% in 1982. In order to become more competitive, Xerox began to use benchmarking, Leadership through Quality and employee involvement initiatives. These initiatives helped grow Xerox's market share back to 18% in the low end copier business and 35% in the mid-to-high end. Despite the improvements in market share the financial performance of the company ...
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Xerox And It Management - 973 words
... pany is huge and well managed. Xerox would fall into the huge category but not the well managed. The Development Portfolio factor would also suggest outsourcing is a viable solution for Xerox. Most of Xerox IT functions can be described as high-structure projects therefore the benefit of going to outsourcing could realize itself in o Lower cost due to the a vendors access to high quality low cost labor pools in countries such as India o Specialized staff with leading edge technical skills The Organizational Learning Factor and Xerox's position in the market also leads to outsourcing. Xerox has not been able to transform the IT structure because of a lack of support among the division lea ...
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Caries - 2,372 words
... d warming of climate where there is an increase in the growth of plant material and plant foods. This change would have promoted a growth in subsistence farming, at the very least. This would have increased the amount of plant carbohydrates and thus there was an increase in the occurrence in evidence of caries. Again in the Mesolithic there is further warming in the surrounding climate to the point where an even greater amount of plant food harvest is attainable for human consumption. Frayer found that for the Mesolithic, there was a negative correlation between rates of caries and latitude. This was the case where skeletal assemblages from northern sites continually show a decrease in c ...
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Internet - 1,063 words
The Internet provides many different types of information on virtually any topic possible. There are many components that make up the Internet besides text. Software that is available on the Internet is ever-changing and is rapidly growing. Napster is a software company located in California, that distributes music, to users all over the world. Napster is among the many programs that enables you to "share" audio files with people all over the world on the Internet. The controversial topic is, where do you cross the line between sharing and stealing? Many people believe that Napster should be banned permanently because it violates numerous copyright laws and many major company labels should b ...
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Sabre - 2,234 words
... have also been extended, with the new group having two advanced data centers, one located in Europe with the other in the U.S. Gradient's technologies provide tools for multi-language and multi-currency needs and offer the ability to connect to multiple global distribution systems. In the B2B area Sabre completed the acquisition of GetThere. GetThere operates one of the world's largest Internet marketplaces focused on business-to-business travel services. GetThere's systems are used to provide online travel procurement to employees at leading corporations such as Boeing, Chevron, Cisco, Cox Enterprises, Lucent, MetLife, Nike and Xerox. GetThere also powers online travel sites for leadin ...
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Theres More To Compensating Good People Than Money - 1,115 words
The very word conjures up images of money-a bountiful sum in cash or checks, a generous amount, richly deserved, paid in return for good works of some kind. But in today's economic and employment environment, giving someone a cash reward for work beyond the call of duty-a raise or a bonus-often has less impact than the employer intended. It simply isn't as surefire an "employee retention tool" is it seems to be. 1.Giving monetary rewards is like giving cash as a wedding present-useful, no doubt, but not very personal and not very thoughtful. 2.Cash rewards are one-dimensional. They mainly address the employee's financial needs, contributing only by implication to her or his needs for emotion ...
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Comparing Operating Systems - 307 words
Comparing Microsoft Operating Systems : 95/98/NT This report is centered on the similarities and differences of the three major operating systems provided by Microsoft during the previous decade. There were and will always be changes and upgrades some of the information may not be current, as these systems have had certain upgrade modules that may not covered. Windows 95, Windows 98, and Windows NT all have related functionality but they differ in many ways. All three of these programs are Windows based, they operate by letting you issue commands by clicking or selecting an item or icon. Windows was actually developed by Xerox, not knowing the value of what they had they mistakenly sold the ...
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Advancements In Peripherals - 1,680 words
Recent Developments in Computer Peripherals Including an in-depth look at Multimedia Input Devices Development in Peripherals Three An in-depth look Digital Cameras Six The History of the Digital Camera Six A Peripheral device is any external device attached to a computer. Without Peripherals a computer is just a box full of wires, transistors and circuits, which is able to: - 1. Respond to a specific set of instructions in a well-defined manner. 2. Execute a prerecorded list of instructions (a program). The only problem being that without any input Peripherals you cannot tell the computer to do any of the above processes, and if you could, without an output device of some kind, the computer ...
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It Related Terms - 1,896 words
A high-level programming language developed by Dennis Ritchie at Bell Labs in the mid 1970s. Although originally designed as a systems programming language, C has proved to be a powerful and flexible language that can be used for a variety of applications, from business programs to engineering. C is a particularly popular language for personal computer programmers because it is relatively small -- it requires less memory than other languages. The first major program written in C was the UNIX operating system, and for many years C was considered to be inextricably linked with UNIX. Now, however, C is an important language independent of UNIX. Although it is a high-level language, C is much cl ...
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Future Technology - 1,607 words
F U T U R E O F T E C H N O L O G Y Dr.Nenno / Economics People often think that future is all about flying cars, robots and space travelling. Maybe it will be like that, who knows, but at least until this day the changes havent been remarkable. Companies are all the time investing more money on research and development. This indicates that companies and government are interested to achieve and find new technological inventions that would change the markets. All ready one of the computer related inventions, Internet, has changed the spreading of information globally. E-companies are stocks are rising in the stock markets like rockets. This is a great example how future technology will change ...
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Computer Based Training Business Interchange - 4,593 words
Computer-based training (CBT) is an all-encompassing term used to describe any computer-delivered training including CD-ROM and the World Wide Web. CBT courseware curriculum development involves the use of integrated multimedia training tools that have taken the lead in developing training courseware. We have always had workplace learning systems. People best learn many tasks and skills at the workplace or very close to the workplace. There is also plenty of evidence to suggest that if people learn a task or a skill at their workplace, they are more likely to transfer that skill to actual work performance. The interfacing between workplace learning systems and corporate learning systems is a ...
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Computer Based Training Business Interchange - 4,693 words
... but over the Internet, the connection speeds and download times are often much slower than CD-ROMs. More and more, CD-ROM and the Web are being seen not as two different methods, but as two parts of the same method - content delivery. CD-ROM is useful for intensive media and the Web is useful for information distribution. Combine the two and you have a real solution. Do I need a learning assistant or facilitator like Microsoft's Online Learning Institute (MOLI) has as a part of the learning process? An assistant or facilitator available online can be helpful but your training can be designed without them. An assistant on line can help handle customer service issues or technical problems ...
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Elte Save Face - 858 words
ELTE - a prestigious and promising word indeed, but only for people with an external viewpoint. Those who get a chance to have a look from the inside would think twice before saying that ELTE is 'prestigious' or 'promising'. The institution behind the word, 'ELTE' is losing its prestigious nature due to such factors as the slowness of student administration, the infeasibility of the curricula or the state of the copying facilities. The balance between the offers on part of the university and the realisation of these offers is lost and with it the prestige of the university is going up in smoke. We can obviously consider the Registrar's Department the heart of the administrational system, as ...
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Generation - 498 words
In the third generation one of the key components was the development of the integrated circuit. An integrated circuit is the idea of putting many transistors on one single chip of silicon. Integrated circuits were essentially a step up from vacuum tubes. They are much more reliable, save more energy, and are more powerful than the vacuum tubes. Integrated circuits were invented by Jack St. Clair Kirby and Robert Noyce in 1958. One of the most exiting parts of integrated circuits was that they were cheep, which in turn would lower the price of a computer. Below is what an actual integrated circuits looks like. Integrated Circuit, tiny electronic circuit used to perform a specific electronic ...
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Investments - 1,166 words
... hares. Arizona Public Service Company Ticker Symbol: AZD Shares Bought: 400 Beginning Stock Price: $25.5000 Ending Stock Price: $25.375 Holding Period Return: .9951 Annualized Holding Period Return: -.0253 This, like most utility companies, is a very steady stock with few fluctuations. Its 52-week high occurred last October at a price of $27.50 per share. It declined to right above $25 per share when I bought it. Nothing much happened at all for this stock. Heinz H J Company Ticker Symbol: HNZ Shares Bought: 200 Beginning Stock Price: $43.5000 Ending Stock Price: $42.6250 Holding Period Return: .9799 Annualized Holding Period Return: -.1005 Heinz's stock was selling for over $60 per shar ...
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History Of Compuers - 1,593 words
Modern computing can probably be traced back to the 'Harvard Mk I' and Colossus (both of 1943). Colossus was an electronic computer built in Britain at the end 1943 and designed to crack the German coding system - Lorenz cipher. The 'Harvard Mk I' was a more general purpose electro-mechanical programmable computer built at Harvard University with backing from IBM. These computers were among the first of the 'first generation' computers. First generation computers were normally based around wired circuits containing vacuum valves and used punched cards as the main (non-volatile) storage medium. Another general purpose computer of this era was 'ENIAC' (Electronic Numerical Integrator and Compu ...
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Dell Computer - 1,474 words
Dell Computer Corporation was established in 1984 and today ranks among the worlds largest computer systems companies. Dell pioneered the concepts of selling personal computer systems directly to customers; offering build-to-order computer systems; and providing direct, toll-free technical support and next-day, on-site service. The company designs and customizes products and services to end-user requirements, and offers an extensive selection of peripherals and software. Dells complete range of high-performance computer systems include: Dell Dimension and OptiPlex desktop computers, Latitude notebook computers, and PowerEdge network servers. The companys products and services are sold in mor ...
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