What are the implications for financial statement users

Reference no: EM131408509

Billionaire investor Warren Buffett was once quoted in the Financial Post saying: "The reaction of weak management to weak operations is often weak accounting."

REQUIRED:

What does he mean? Provide some examples. What are the implications for financial statement users?

Reference no: EM131408509

Questions Cloud

Analysis for four new sales representatives : CapraTek was planning to hire manufacturing employees for its new facility, you will conduct a job analysis for four new sales representatives.

Job description help in the recruitment effort : How does the job description help in the recruitment effort? How does the job description help newly hired employees? Why are accurate and up-to-date job descriptions so important?

Explain the interaction of your state and local governments : While you may only need to implement your program at the local level, understanding the state process will help you understand how you can take your policy another step forward and improve implementation of a specific program or solve a social iss..

Affirmative action paper-signature assignment : Prepare a 700- to 1050-word paper in which you discuss the elements of affirmative action as it applies to public sector and private sector employers and how it interacts with Title VII requirements of Equal Employment Opportunity. Your paper must..

What are the implications for financial statement users : Billionaire investor Warren Buffett was once quoted in the Financial Post saying: "The reaction of weak management to weak operations is often weak accounting."

Case on crisis blown over : It was a festive day for all the 700-plus employees. Festoons were strung all over, banners were put up; banana trunks and leaves adorned the factory gate, instead of the usual red flags; and loud speakers were blaring Kannada songs. It was day th..

Pick one ethnographic anecdote from the first chapters : Pick one ethnographic anecdote from the first 3 chapters of Homegirls, and briefly discuss it from the perspective of social constraints on the identity/ies of the participant(s) and from the perspective of the negotiation of identity by one or mo..

Whose side are you on anyway : It was past 4 pm and Purushottam Mahesh was still at his shopfloor office. The small but elegant office was a perk he was entitled to after he had been nominated to the board of Horizon Industries (P) Ltd., as workman-director six months ago. His ..

Case of burnout : When Mahesh joined XYZ Bank (private sector) in 1985, he had one clear goal-to prove his mettle. He did prove himself and has been promoted five times since his entry into the bank. Compared to others, his progress has been fastest. Currently, his..

User Account

All Pages