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1- From the Other Preparation, analyze the key points that caused the Enron massive fraud. From your analysis, recommend one (1) way that the auditors could have taken to prevent or detect the fraud. Post your response in the blog in Blackboard.
2- From the Other Preparation, analyze the key reasons that individuals and / or companies use creative accounting in order to achieve the intended earnings per share. Based on your analysis, propose at least two (2) disincentives that could discourage creative accounting practices. Post your response in the blog in Blackboard.
Suggestions for improvement by convergence of US GAAP into IFRS
At December 31, 2008, the trial balance of Worcester Company contained the following amounts before adjustment. Based on the information given, which method of accounting for bad debts is Worcester Company using-the direct write-off method or the a..
The average stockholders' equity was $680,000. What is Thomas Company's return on equity (ROE)?
Should intangible assets always be amortized over their legal lives? Explain. What are the basic issues related to accounting for intangible assets?
For the most recent week (Big Bob's is open 7 days a week), Big Bob served 1,200 1-pound hamburgers using 1,250 pounds of ground beef for the 1,250 pounds of ground beef. In addition, Big Bob paid his supplier $3.20 per pound of ground beef for th..
Advise Nathan if there is a valid contract with Dubious Connections Pty Ltd, and any remedies that may be available to him. (Make reference to relevant case law and support your answer).
The principal concern with accounting for related party transactions is: (a) The size of the transactions (b) Differences between economic substance and legal form
1- what is a random sample? name two ways to obtain a random sample?2- in a gallup poll of 1059 randomly selected
Create the journal entry when the service is provided and create the journal entry when the cash is received
Describe the discrepancy between Diamond Foods, Inc.'s description of payments to walnut growers and what the farmers themselves say the payments are for
What happens if a company fails to follow the realization concept or revenue recognition concept and say, records revenue they have not yet earned to hide the fact that they are having a bad year in sale? what are the legal repercussions accountin..
Lennon was achieved by this acquisition. Lennon distributed a dividend of $2.50 per share during 2009 and reported net income of $670,000. What was the balance in the Investment in Lennon Co. account found in the financial records of Pacer as of D..
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