Financial statements

Introduction DHL is a division of the German logistics company Deutsche Post DHL providing international express mail services. In 1998, Deutsche Post began to buy shares in DHL and completed the purchase in 2002. Adrian Dalsey, Larry Hillblom and Robert Lynn established DHL in 1969, they invented the international air express industry. On 25 September, Dalsey, Hillblom and Lynn (the D, H and L) incorporate DHL. The company begins by operating a door-to-door express delivery service,…

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…

The cost-plus-award-fee contract is contract where the contractor will offer estimated proposal for the cost to complete the project. The main goal is performance has incentive if contractor reach project’s specification. The incentive is geared towards completing the project to required specification for contractors to have additional compensation. The last resource to be sacrifice is the performance measurements. The downside is the buyer will be obligated to pay the stated fee and any…

Case study: The application of ISO 9001: 2000 and Total Quality Management System in Property Management services of EastPoint Properties Limited EastPoint ISO9001:2000 EastPoint has established the documentation of the QMS include a Quality Manual which has clearly defined and applied the eight quality management principles of ISO 9001:2000. Respective verification of the process can be referred to the quality records (Appendix 8.2) of one of their managed property, Siu Hong Court Ph 1 & 2…

WorldCom had recently been caught up in an accounting scandal, forcing the SEC to take a closer look into many large corporations’ accounting procedures. One of these corporations was Qwest Communications. While looking into Qwest, the SEC determined that Qwest had been improperly following the accounting guidelines and had inflated their revenue by billions. In 2004, the SEC charged Qwest Communications International Inc. with securities fraud and other violations of the federal securities…

fraudulent activities. According to the act, there was the enactment of strict reforms in order to improve the financial disclosures that occurred within any business and also to protect corporations and aid in the prevention of accounting fraud. The SOX has been effective. It had aided in increasing the audit commitment involvement. In the past, board seats were considered to bring stature and financial rewards but today, there is responsibility and liability that has been allotted to those…

ASDA: ASDA has across 500 suppliers over England, and it sells throughout 40,000 different products in their stores or supermarkets, which includes: clothing, household stocks and grocery items. ASDA also owns its petrol pumps and coffee café’s. It even provides the online shopping services. Job Roles and Functions: 1. Finance: The Finance Team is the main job at ASDA. The role of this job is to keep a record of the money formed from the sales, sending invoices and paying their staff’s salaries.…

The investors of Capstone are people who put their money in the company and expects profits. Capstone shareholders rely on a board of directors to make sure customers' deposits are secured and invested safely, interest is paid to depositors, and that the customers' principal is available to them on request. Positive aspects • The board of directors is experienced and monitors the board members have a limit of years. • Chairman is not CEO, meaning that the head of the board of directors and the…

Ben Affleck sometimes gets jealous too. Obvious reason? The success of the Captain America: Civil War at the box office. Captain America: Civil War has started off in a far better way than Ben Affleck's Batman V Superman. This is the reason why Affleck must be feeling a tiny bit jealous of the movie's success at the box office and awesome reviews. Affleck's memes have gone viral on the internet after the recent interview. May be, he will now want to keep his emotions under control and do…

This is true for both Morrie Schwartz and King Lear. In Tuesdays with Morrie firstly we see that Morrie gains wisdom through his physical suffering of ALS or Lou Gehrig’s disease, which slowly takes over his body, eventually not allowing doing anything except blink or clucking his tongue. Slowly as the disease takes over his body we see that he begins to come to terms that he is becoming more and more dependent on people. “I’m an independent person, so my inclination was to fight all of this -…