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Select an accounting scandal from the listing provided in class. Research the scandal and develop a PowerPoint presentation that communicates the following:Bernard L. Madoff Investment Securities LLC 2008. Audit firm: Friehling & Horowitz• Background of the Company in which the scandal occurred• Detail of the fraudulent activity that occurredo Who was involved?o What controls failed?• Develop controls that would have help prevent/mitigate the occurrence of the fraudulent activityo Based on what you've learned from the course, why would these controls work? Give your opinion• If there are no controls that could have prevented the scandal from occurring, explain whyYou will be graded based off of the manner in which you present the information (i.e. a monotone voice might put the class to sleep) and the content of your slides. The purpose of this presentation is to assist in the development of your presentation skills and to apply some of the concepts you've learned from the course. Have fun with your presentation! You will only get as much out of this as you are willing to put into it.Please dress in business casual for your presentation. It is expected that all students will give their full effort to the project and that all presentations will be professional. You must be present for all presentations even if it's not your turn to present. Your unexcused absence will result in a zero for your presentation. Open laptops will not be permitted during the presentations.
The total manufacturing costs added to production during the period is $110,000. The materials inventory increased from the beginning to the end of the period by $12,000, while the work in process inventory decreased from the beginning to the end ..
On January 2, Todd Company acquired 40% of the outstanding stock of McGuire Company for $205,000. For the year ending, December 31, McGuire earned income of $48,000 and paid dividends of $14,000.
A. The buffalo wildcats, a minor league football team, received $3000 from a fan on June 1 for 2013 season tickets. The wildcats play 10 home games. on December, 2013, the end of the fiscal year, the wildcats had played 6 home games. make the origina..
what financial ratio is most commonly used to evaluate charitable organizations? Why is this an important ratio to use for evaluation of the viability and strength of a non profit organization?
What cost for wood should been incurred to make 4,000 chopping blocks? How much greater or less is this than the cost that was incurred? Break down the difference computed in (1) above into a materials price variance and a materials quantity varian..
Goodwill arises when one firm acquires the net assets of another firm and pays more for those net assets than their current fair value. Suppose that Got Em Co. had operating income of $64,300 and net assets with a fair market value of $184,000. Ta..
In a merchandising company's income statement, which of the following would NOT be included in the Cost of Goods Sold calculation?
Prepare journal entries required at December 31, 2010, and December 31, 2011, assuming that the inventory is recorded at cost and an allowance account is adjusted at each year-end under a perpetual system.
What is the amount of the discount, and up to what date must the invoice be paid in order for the buyer to take advantage of the discount?
Brian purchased 500 shares of the substantially identical stock for $3,000. What is the tax effect fir Brian as well as what will be the basis of each of four batches of new stock?
Montgomery & Co., a well established law firm, provided 500 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250..
1. Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13 per share. Their balance in retained earnings in $75,000. Prepare a stockholders' equity section of the company's balance sheet.
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