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The victims of Enron’s collapse are the shareholders, stakeholders, employees, and society as a whole. The shareholders had lost all the money that they had invested in the company on a positive note. They had anticipated the right amount of dividend in return; but, instead, they lost all their valuable stakes with the downfall of the company.
The reporting system shall be considered just for the employees as the manager shall be taken the advantage of the performance and workers shall not be recognized for their performance. Thus in order to get a better response and acceptability from the employees, the report should be a true reflection of the performance of the employees.
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According to the paper the company has been able to gain such a stature owing to a very robust communications and financial infrastructure, a large centre for re-exports and a stable political environment. The number of locally incorporated commercial banks, which has been operating in UAE since 2011, stands at 23.
This being the case, it would then be easier for such a tax framework to be enforced globally more so in a uniform manner, thus helping to seal all the loopholes that exist in different accounting frameworks that are applied by different countries globally, whose standards, principles and enforceability are varied (Hung, & Subramanyam, 2007:627).
The client will demand proof of the transaction in the court of law and electronic records have the ability to withstand the effects of time but a piece of paper does not. In the light of the above argument, the company is strongly guided to keep an electronic copy of dispatch notes which means increasing file space as well.
However, the company’s cost of sales in the current year has increased with the increase in turnover. Although the increase in the cost of sales is $1 million, this may be due to several reasons, including increased raw material prices and decreased discounts received compared to the previous year.
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Some of the notable sporting events that attract most countries include the FIFA World Cup and Summer Olympics among others. As a result of the high demand for facilities that are needed to host the events including the accommodations, stadiums, infrastructure, and security among others, developed countries have been advantaged due to their state of art facilities.
Decision-making on the cost of product mix will be taken care of if the business continues to financialize the intellectual property of the cartridge. Determining the number of resources available at every product is important and the number of resources allocated to producing ‘an idle’ product – a product whose capacity allocation according to Exhibit 8 is about 100%.
These are the first values that should be reported on the balance sheet, followed by any other short-term assets like the accumulated depreciation and the gross property as outlined in the balance sheet. After this careful provision to the balance
Assurance service is defined as the independent service, which focuses on improving information quality; so that it is easy for decision-makers to come up with any decision. Decision-makers are responsible for taking business decisions, which seek assurance services for improving the reliability of the source of data.
Variable costs cost that the company incurs in the entire production process. They include the cost of raw materials (coffee beans, plastic cups) and labor costs (e.g. barista salaries). These costs can easily be controlled by the company. For example, if the company decided to caffeinate consumers less, they can make a latte with few coffee beans hence lowering the variable cost.
The author states that of most importance is that apart from that common assumption of accounting widely known to people as that of keeping regular reports of finances in a given organization, accounting is mainly concerned with assisting people and organizations to constantly improve their financial information through making astute decisions.
There are other twenty-five organizations that apply the CFP to determine whether their financial planners are certified and are properly qualified to perform duties pertaining to financial planning. However, this process of certification is generally guided by the Principles set by the CFP Board of the United States, which is the only authority with the certification mark.
In the course of elaborating these events, Lewis (2011) identifies the small group of men who foresaw this catastrophe, but did not warn the rest to protect their own interests,
The Review aimed at closing a crucial loophole within the UK tax system, by presenting a comprehensive analysis of the right direction for the UK tax policy, encompassing specific reforms proposals coupled with suggestions for broad strategic reforms. It followed in the UK for savings taxation is replete with various complexities and disparities.
On the other hand, net operating cash flow refers to amount that business remains with after deducting its ongoing expenses from the amount set aside to cater for such expenditure. Conversely, amount available in the business after subtracting expenses does not readily reflect net income of the business since several discrepancies contrast the two figures.
Flood insurance covers losses directly caused by flooding. In simple terms, a flood is an excess of water on land that is normally dry, affecting two or more acres of land or two or more properties. For example, damage caused by a sewer backup is covered if the backup is a direct result of flooding.
In the case of the Eurozone, countries like Portugal, Ireland, Greece, and Spain (PIGS) spend a lot of money borrowed from the market to finance subsidies and bank bailouts among other expenses (Belkin, Weiss, Nelson & Mix 7). The countries got greatly
The authors Eckel & Grossman (1998) clearly illustrated the difference in economic decisions between men and women. A number of studies were conducted in the past regarding similar subject matter. These studies were not only conducted for the field of economics but also psychology to assess the difference in approach between men and women.
A number of researchers have taken an interest in how this particular trait can be brought about within a community or within certain individuals. However, over the past few years, the term has greatly expanded and has even moved toward the field of finance. A great deal of work has been conducted regarding altruism and its relation to finance. Eckel and Grossman have addressed the same issues.
If the asset is disposed off at the book value, then it does not result to any gain or loss.
Goodwill helps to keep old customers loyal to the business while at the same time attracting new customers through word-of-mouth recommendations and publicity.
In the year of 2007/08 before the occurrence of economic recession, the UK government projected that the tax receipts would rise from 549 billion pounds in 2007/08 to 616 billion pounds in 2009/10. On the contrary, the tax receipts of the government were reduced to 508 billion pounds in the year 2009/10.
The separate entity concept, this concept can also be referred to as the business entity concept. It considered a business to be a separate entity from the proprietor. This concept is extremely
the company also deals with bars, shapes, tubular steel and iron products, wide rods, automotive steel, plates, special steel, and stainless steel among other products. The company also has other investments in steel and iron businesses such as steel manufacturing operations including electrical furnaces, steel processing service centers that take care of processing and distribution services, etc.
However, when the interest is paid quarterly, there are small proceeds that are realized from the investment since the maturity period is decreased by the period for which the interest is paid. This therefore reduces the amount earned after 5 years to be $10,640.82
Financial statements on various occasions can be measured on the basis of nominal monetary units or constant purchasing power units. The main reason for the existence of accounting records is to minimize or reduce the effect of the principal-agent problems; its impact is reduced by measuring and close monitoring the performance and reporting the results to the parties concerned.
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76,000, Construction payrolls reversed December loss of 22,000 by adding 48,000, while manufacturing payrolls increased by substantial 21,000 down from December’s 8,000. Sadly, the service’s sector only added 66,000 jobs down from December’s 102,000. On the other hand,
The CAPM looks at both the systematic and unsystematic risks and directs the investors to the right direction. The assumption is that the higher the risk the investor takes, the higher the resulting returns
The outline looks at this theory and how it does apply to the market.
ii. It assumes a comparatively small number of long-term investors. This is to offer premiums to encourage the number of long-term investors ( Gibson, Rajna,
This software enables the industry to manage various branches, proficiently manage suppliers, market costs, economic field and marketing. Sage accounting software also enables the company
The circulation sent by the chief executive of the company is analyzed in details regarding the financial performance of the company along with the evaluation of the costs of the new project of building a 400-bedroom hotel. The basis for the financial performance of the company as ascertained by the chief executive is upon sales revenue.
The paper evaluates the contribution that fair value makes to the fair presentation of financial statements. It presents what is fair value measurement and when it is required or permitted in the preparation of financial statements. There is a need to know the meaning of fair value which is basically the “exit price of” a market transaction rather than specifically applicable only to an entity.
For example, the fact that business ethics teaches that the shareholder’s wealth maximization, as a goal, is normally inconsistent with the ethical behavior in that particular business. On
The author states that in finance, a derivative refers to a financial contract that achieves its valuation from the performance of a different entity that might be in the form of an interest rate, an index, or an asset. These entities are collectively known as the underlying. A derivative is one of the dominant categories in the three financial instruments.
It does not by any means represent the fair market value of an item (Barnes, 2000). This suggests that if a building is purchased by a company, then historical cost of the building is reported within the balance sheet, instead of recording it at its fair market
To evaluate the economic wellbeing of a business financial ratios are adopted which are calculated measurements. These ratios usually compare the data of financial statements with the information regarding the stock market trading for publicly traded firms. Financial ratios are essential instruments of financial decision making for all businesses (McLaney, 2011).
The interest rates have been fixed at a historically lower rate of 0.25% by the European Central Bank. Thus, quantitative easing is the only option left for the center to inject liquidity into the economy. The injection of liquidity in the economy has played the role of stimulating the demand against the prevailing level of supply.
mall-seller exception that is applicable to those sellers whose annual gross receipts in total U.S remote sales are not exceeding $1 million to collect and remit sales and use taxes per the agreement, as illustrated in the Internet Tax Fairness Act of 2001. In the bill remote
Leasing is a process by which the lessee pays the lessor a certain amount of money to use home machinery, types of equipment and other assets for a specified period of time. At the end of the contract, the leaser may be able to purchase the item with the amount of money previously paid to accumulate to make the purchase price as per the lease agreement.
The author states that in the case of assets and expenses, books, debit increase state amount in that book of account. Any credit entry in these books decreases the balancing figure in the account. Conversely, a debit entry in the capital account, liabilities and revenue accounts decrease the amount in that book.
The organisation will provide a fitness programs to the community. The program plans to include the provision of a gym facility to the community. The facility is to serve all the members of the community with special attention being addressed to the unphysical fit individuals like the overweight and obese individuals.
Unlike moisture in the atmosphere, carbon dioxide is mixed well in the atmosphere thus its circle can go unnoticed due to relatively slow changes. The level or rather the amount of carbon dioxide in the atmosphere is measured easily
Strategy for self-directed support program includes transformation funding and associated activity, investment and activity to build the capacity for providers and investment and activity to build the capacity of independent support and information. There will be letters inviting proposal for innovative projects that may assist and improve support and information services to individuals because the organization’s strategy is to offer a high quality and accessible advice
It is where an individual seeking to buy an insurance product can get quotes from different insurance companies and choose among them. The website makes it easier for the insurance product customer to have the required
The cash flows from the operating activities of the two companies are both positive, or their net cash flows with 248,920 for Gazprom and 1,695,509 Russian rubles for Surgutneftgas. But in absolute figures, Gazprom has higher net cash from operating activities than Surgutneftgas, which basically came from net profit from operations.
The company is founded upon the fundamental belief that the success of its operations will largely be based on its patented ad innovative products alongside its processes (Thomsett 2006). This is coupled with high-quality manufacturing and above all, its ability to provide large customer support in virtually all its markets worldwide. Renishaw plc is a medical device manufacturer.
ch as Enron, Tyco and WorldCom committed frauds duping public and investors, the SEC was given more powers under a new Act called the Sarbanes-Oxley Act (SOX) of 2002. The Sarbanes-Oxley Act of 2002 was drafted by Senator Paul Sarbanes and Michael Oxley. The US Congress enacted
BP plc. started out as British Petroleum a name that is synonymous with many people and is a multinational company whose headquarters are in London dealing with oil and gas as the two broad classes of products (Bp.com, 2014). The company’s market capitalization is ranked sixth globally, and fifth-largest company globally in terms of revenue.