Balance of trade

In 1999, Richard Scrushy overstated HealthSouth’s earnings by at least $1.4 billion in order exceed the expectations of Wall Street earnings. During this time investors and lenders were more concerned with revenue than profits. Generally Accepted Accounting Principles (GAAP), stated if policies and procedures were not violated then they are considered legal, and ethically adequate. This allowed HealthSouth to meet expectations of analyst for 40 consecutive quarters, by using creative and…

Donald Cressey’s “Fraud Triangle” is a classic model used to clarify a widely-supported hypothesis of why the occupational offender commits fraud. (Sridhar Ramamoorti , Daven Morrison ,Joseph W. Koletar, 2009)According to the ACFE, occupational fraud is“the use of one’s occupation for personal enrichment through the measured misuse or misapplication of the employing organization’s resources or assets. The source of fraud lies in voracity and the opportunity for deception. It has severely…

In 1857 “a third son of William, Thomas Shields Bisland purchased Fairfax Plantation, located in St. Mary Parish from Joshua Baker” … the father-in-law of Thomas’ brother, William Alexander Bisland. “Baker, who served a brief term as a military governor of Louisiana in 1868, played an important role in the maintenance of the Bisland plantations during the war.” Scarborough speculates his appointment as a Unionist Governor during Reconstruction helped to keep Hope Farm and Aragon as working…

Background- Positive Confirmations: Before we perform our audit of Simply Soup Inc.’s cash balance, the audit associate examined the bank reconciliation statement established by the client, and the test shown some supports for the management assertions to the cash balances of the company. Although the test shown some support evidences for the cash balances of Simply Soup Inc., it’s more reliable to test support documents from external sources. Therefore, we have to request the cash…

The fraud perpetrated at Rite Aid could have been detected through the reconciliation of liabilities with monthly statements from the creditors. By reconciling the liabilities with the vendors’ statements, the auditors would have been able to detect any omission of liabilities or the reversal of expenses as was the case at Rite Aid. Also, the auditors could have used analytical procedures such as ratios for the year of audit and compared it to prior periods to detect unusual patterns or trends.…

“Direct reimbursement plans gives the sales manager some control over both the magnitude of sales expenses and the kinds of activities sales people will be motivated to do. On the other hand, managers can discourage their subordinates from spending time on unimportant task by refusing to reimburse expenditures for such activities” (Johnston & Marshall, 2009). For example, with a direct reimbursement plan the sales force representative would meet with potential clients for lunch or dinner at a…

America: Riveting Prospects, the article written by Ed Crooks, discusses the issues within the United States lack of exporting goods. He briefly touches on five reasons why our economy is not quick to jump at the opportunity that trade can bring. Here within I will discuss those five areas along with my opinion on international commerce. 1. The United States are not custom to selling internationally. Mr. Crooks speaks about there only being 1% of goods exported to other countries at the time…

Audiences continue to embrace the exploration of the final frontier – as Star Trek Beyond vigorously beamed itself to the top of the box office… With a healthy debut of $59.6 million, Star Trek Beyond, starring Chris Pine as Captain James T. Kirk, could not be touched – and easily won the weekend. While any victory is usually good news, Star Trek Beyond’s opening numbers do indicate a decline for the franchise. This third installment, the first without J.J. Abrams in the director’s chair,…

Financial Expansion Analysis Summary Capital budgeting is an important decision making tool used to help organizations decide whether to accept or reject potential projects. Through applying this method to Mel & Bud Inc. one is able to determine if the company should purchase new equipment to increase the company’s printing capabilities. Additionally, capital budgeting occurs in three steps, finding the required rate of return via the weighted average cost of capital (WACC), calculating…

1.3.1 Measurement Overhead In this experiment, we found the latency incurred in measuring CPU cycles. This measurement of time overhead has to be subtracted from the forthcoming experiments. Methodology: We have used the RDTSC – RDTSCP instruction along with CPUID (serialize the instruction pipeline). This function fetches the count of CPU clock cycles. After taking the elapsed clock cycles between two successive calls to RDTSC instruction, we can divide it by the CPU clock frequency to get…