Financial statement analysis

amounted to the total derivative losses to US$550 million. However, these losses have been covered up by manipulating the figures using the wrong assessment method by taking the intrinsic value as the fair value of the derivative on the company’s financial statements. In other words, they are ignoring the maturity, volatility, interest rates that are taken into consideration when calculating fair value amount to present an unrealistic figures to the public and the shareholders. To make matter…

increased transparency in financial matters of the company • eradicating analysts’ conflicts of interests, and • Demanding more accountability from corporate official 3.3 Auditor’s incentives and Independence Many of the weaknesses, that were not discovered prior the Enron bankruptcy, in auditing the company’s financial statements were pointed out after Enron scandal. According to Ribstein and Larry (2002, p. 5) the major issues that caused the auditing of Enron financial statements not to…

ensure the accuracy and reliable financial information to be presented to public. In brief, professional accountants should always observe his ethical behavior when conducting professional…

“Dress For Less,” a store to find brand-name fashion at the lowest possible cost! Ross Store Inc. offers that and much more from apparel fashion to every day in home essentials, as the company stated in the annual report, “THERE’S ALWAYS A BARGAIN IN STORE.” For over 30 years in the industry recently consider the fastest growing retailer in the industry the company has focus on bringing fashion with discounts of 20% to 60% off store departments. Lets experience the marvelous world Ross Store…

[Explain your choice of methods, key assumptions, and valuation results here.] A violation of The Foreign Corrupt Practices Act consists of 5 elements: 1) make payments to foreign government officials 2) to assist in obtaining or retaining business. 3) Payment to a foreign government official 4) With a corrupt motive 5) to influence the foreign official in his or her official capacity, or induce the foreign official to do or omit to do an act in violation of his or her lawful duty Along with…

Privacy Act 1988 is an Australian law that used to regulate on handling the personal information (Australian Government, 2015). Australian Privacy Principles (APPs) consists of principles are the basis of protection framework in Privacy Act 1988 and placed under schedule 1 with a total thirteen principles that organizations and government agencies should comply (OAIC, 2014). It is not necessary to follow each of the principles stated in APPs, but organizations are required to consider the…

Wesley, I have reviewed your Task 2 assignment: Drafting a Policy, and I am pleased that you invested much time and effort into completing it. There were policy statements in your draft that were very unique and I believe much of your content can be migrating into the official Mobile Devices policy. Good job! The timeline rating will be graded as Superior. For this task, the timeline rating is based on you submitting the draft to me before 5 expired workdays. I received your drafted policy on…

Mystery Creek Resources, Inc. (MCRI), a wholly-owned subsidiary of Fire River Gold Corporation, proposes to continue to operate, reclaim, and close an underground precious metal mine and associated mill known as the Nixon Fork Mine Project (Project). The Project is located approximately 32 miles northeast of McGrath and eight miles north of Medfra in west-central Alaska (Figure 1; see Appendix A for report figures). The Project is not connected with the Alaska road system; therefore site access…

Students, Thank you for coming to lab today. I hope to make our communication as clear as possible to facilitate your success in the lab. Below are some action items for you to consider as we move into September. There will be no lab next week (9/4) but there are items due before we meet next. Experiment 0 (Don’t forget the second Excel tab!) and questions 1 and 2 of your Experiment 4 prelab worksheet are due this Wednesday (8/30) by 1PM. I highly encourage you to complete these ASAP. Exp 0…

Legal aid lawyers work for private, nonprofit organizations for disadvantaged people. They generally handle civil cases, such as those about leases, job discrimination, and wage disputes, rather than criminal cases. Environmental lawyers deal with issues and regulations that are related to the environment. They may represent advocacy groups, waste disposal companies, and government agencies to make sure they comply with the relevant laws. Tax lawyers handle a variety of tax-related issues for…