Financial Statement Fraud Investigations Essay Example | Topics and Well Written Essays - 1000 words

Financial Statement Fraud Investigations - Essay Example The inventories were shared between the various stores of the company to boost sales. Various external vendors were arranged to ship merchandises of the company claiming fake discounts. Loads of merchandises were sold to wholesalers and then the receipts were spread to individual stores of the company. This illegal money was entered and circulated between the Antar family and was parked into undisclosed foreign bank accounts. The initial reports suggest that when Crazy Eddie went public about twenty years ago, its shares were traded at $8. The company’s shares have inflated 10 times during the years due to manipulation of accounts. By showing fake sales, misrepresented inventories, doctoring and window dressing financial statements, the company was able to hide its true picture of financial position from the public. Thus, the company’s stocks looked more attractive from outside than it actually was. The sales of the company never fell since the merchandises circulated b etween the various stores and was treated as revenues. Such fraudulent practices helped Crazy Eddie to maintain a healthy double-digit growth and consequently inflated the company’s share prices. ... Due to this, the creditors got the impression that the company’s demand was unmatched and hence they extended the credit period. The payments of actual sales were made in installments. Each installment of a particular sale was treated as individual sales. The sharing of inventories between some forty stores helped the company conceal true facts. The scope of Examination Financial statement frauds challenges the integrity and corporate social responsibility of companies. These frauds may be malpractices in the form of intentional misrepresentation, alteration of financial reports, falsification, doctoring business documents and business transactions, deliberate window dressing and misapplication of accounting policies, inflating sales and inventories, bribes, fictitious revenues, over or understatements in financial statements, and so on. The financial statement fraud examination aims to implement integrity and CSR in all companies by encouraging transparent, reliable, and inve stor-friendly financial statement. Financial statement examination justifies the concept of audits and establishes the confidence of society as well as all market participants. It tries to make the capital market more efficient by providing perfect information for all participants. Financial scandals not only ruin the repute of the company, it might also create negative sentiments in capital markets, affects the nation’s economic growth and prosperity. It gives the culprits one more chance to plead guilty and rectify accounting practices and malpractices. Fraud examination can help protect the company’s minority shareholders’ from potential bankruptcy or substantial economic loses.  

Process Controller Essay Example | Topics and Well Written Essays - 250 words

Process Controller - Essay Example The most important of these requirements is safety. This is primary, in order to ensure the well being of the people in the plant and for its continued contribution to the economic development. The operating temperatures, pressures, concentrations, etc. should always be within allowable limits. Quality is also an important factor. A plant should be producing the desired amounts and quality of the final product. Moreover, the various types of equipments have constraints inherent to their operation. Such constraints should be satisfied throughout the operation of the plant. The plant must also conform to the market conditions that are the availability of raw materials and the demand of the final products. It should be as economical as possible in its utilisation of raw materials, energy, capital, and human labour, hence, operating at minimum cost and maximum profit, striking a right balance between both to give an optimal performance. Also, various federal and state laws may specify co nstraints on temperature, flow rates of effluents, etc. to be within certain limits, keeping environmental regulations in mind. (Stephanopoulos 3) All these requirements dictate the need for a good design, which is accomplished through proper selection of controllers, plant design parameters, etc. Different controllers have different effects on the response of the controlled process. The type of feedback controller to control the given process hence forms the first step of controller design. The second design question is â€Å"How do we select the best values for the adjustable parameters of the feedback controller chosen?† This is known as the Controller Tuning Problem. Various performance characteristics such as Overshoot, Rise time, Settling time, Decay ratio and frequency of oscillation of the transient could be used as the basic criteria, while designing. The designer must strike a subjective balance between the different

Blue print and Distribution of Story Hotel in Stockholm Research Paper

Blue print and Distribution of Story Hotel in Stockholm - Research Paper Example The hotel has facilities made in the contemporary design and of high quality. As a marketing strategy, the management of the hotel encourages its customers to book and make prepayment for services online. To promote online room booking, the management of the hotel offers gift coupons to its customers. The hotel has posy and quiet meeting rooms for the locals of the city and others from outside. The hotel has a perfect distribution that the management uses to offer the best services to visitors at the hotel. The hotel uses the best ways to ensure a smooth and functional distribution channel. The various features of an effective and efficient distribution channel, one needs to ensure segregation that is dynamic. This involves marking services and products that create most profits to the business. In devising the various segments, the management takes into consideration the technical details to avoid instances that make the marketers have challenges in choose. A well segmented strategy provides utmost solution to the challenges that may come up in implementing a perfect channel of distribution. In the case of Story hotel, for instance, the online booking and prepayment strategy used by the management reflects itself in the real experience that its visitors get. This provides a harmony in terms of image communicated through such online distribution and what the service provision to visitors. The channel used should ensure utmost income from revenues, achieved by distributing the desired proportion of facilities and other services in the most profitable channel, in the segmentation. The central reservation system refers to an inventory management using a central system integrated in the chain of supply of the business. Central reservation systems applied by most hotels contain reservation codes for visitors who have already booked for the services. It contains hotel services given for small hotel chains as well as individual hotels. A global distribution system show s the charges for a number of services offered by a business, such as hotels. It is prone to some challenges since the various rates as well as the availability is always not updated and may confuse clients. Access to the system is complex and connection to it requires a switch which is challenging to find. This makes the various considerations made while selecting a channel of distribution of utmost necessity. The distribution intermediaries should have the ability to make sales of the rooms using a variety of channels that are in multiples. The services offered by customers should be complete. The intermediaries should bear the mandate of vital activities in marketing. A business should choose a proper intermediary that offers additional services as expense controls. There is a high probability that excess rooms can be allocated while maintaining the image of the business. Online intermediaries are prone to risks, as well. There are possibilities of challenges over the control on rates as well as on the availability. There are instances of mounting pressure over the margins, emanating from the intermediaries. The content of the site may, as well, call for high maintenance. There exists the escalation use of social media with the least control that poses

Case study Coursework Example | Topics and Well Written Essays - 250 words - 2

Case study - Coursework Example Coffee profits are visualized as the only strategy to acquire an outside world to obtain financial resources in realizing the vision of buying a ranch for the monastery. A potential competitive advantage for the Monk Coffee is observable despite the challenges posed by the cloistered monastic environment. Such is founded on the market niche of serving Catholics around the world and to maximize coffee production. The MCCs business model involves the external purchase of organic coffee beans from a broker with an associated premium price for daily fluctuations. Considering the ability of the Mystic Monk Coffees strategy to increase the income earned on an hourly basis tremendously, such a strategy is a money-maker strategy but entirely used for the monastery. The profit formula is an 11% of the revenues. A rich customer value proposition is based on quality when serving the coffee clubs and the wholesalers. The free labour that is not profit oriented and without taxes coupled with roasting coffee in the monastery are reliable resources for creating customer value (Faggioli, 2014). I would recommend that Father Daniel obtains part time help in the operations of the monasterys coffee to maximize the returns. The goals and objectives must be altered to become measurable, timely and precise to define and achieve the long-term direction and vision. The approach to the strategy and the strategy have no problem since they are aligned with the overall mission of the Carmelites. Purchasing a new roaster is highly recommended to increase the

Film (movie) analysis paper Essay Example | Topics and Well Written Essays - 1000 words - 1

Film (movie) analysis paper - Essay Example As a designer, am responsible for the visual concept of a movie, a theater production or a television program. I realize a design style for sets, graphic, location, lighting, camera angle, costumes and carefully work with the film producer and director. One of the concepts used my designer is appointing and managing an art department, which includes construction and design team. A strong partnership is formed with a particular director with whom I work closely with. Designers tend to specialize in theater, television or film although there may be some overlap. In a case of a theater, production designers are also referred to us set designers or stage. As a production designer, my main work is to market my skills and experience, briefing and making contacts with agents. Some of the activities that am involved with include: reading scripts to identify a theme indicating a particular visual style. Analyzing a production brief that might be a written one or oral. Monitoring and planning design budget. Coming up with design ideas, make-ups, and costume design. During my childhood, I used to love new ideas and new things; a factor that is helping me in design production. Production design in shall we dance film is of a high quality. The choices of costumes use are in agreement with the theme of the movie. A good example is the dancing costume worn by the dancers in the movie. Graphic design is problem-solving through the use of image, space and visual communication. Being a graphic designer, one works under the directors supervision. One of the major responsibilities of a graphic designer is to ensure quality production of art, production of art assets and page layout in accordance with design documentation. Another work of a graphic designer is to understand the brand or a product and come up with art brief. Graphic design under a tight schedule and are supposed to deliver on the set deadlines. During my childhood, I was greatly

Risk Management In Mental Health Care Essay Example | Topics and Well Written Essays - 1750 words

Risk Management In Mental Health Care - Essay Example Biological etiology has been proven for some major psychoses, insurance coverage is more readily available, and treatment fits the "medical model". But the distinction is not clear-cut; much psychological suffering and disability is not due to major mental illness but to psychological or physical stress and trauma. Furthermore, health, not only disease, is the proper concern of physicians"(Lundberg 3: 1998). The changing behaviour of the society is imposing on professionals that their services are not up to the mark, further they might not have found the root causes of why a certain behaviour is proving to be dangerous for the public. The healthcare business itself is becoming more risky and the increasing competition among the professionals and the increasing population with change in attitude is also creating problems for the professionals to understand the root causes. The mental health users have been in danger from the early 1990s. As the policies of assessing mental risk have been changed and are considered more important since they have the direct concern with the life of other humans. Therefore the professionals are more precise about the mental heath risks. ... es really hard for the professionals at times to identify what might have caused a person to take such actions, for instance a person is knowingly a dangerous one to others and have been into some serious fights with other people, but it might be as a result of some defending as he might have been attacked first by others. Other prevailing issues might be related to suicidal attempts as the person might have received some abuse in the childhood. The art of professional is to hide the details from the individual or service users about the fact that they are being treated as patients. However, it becomes so easy for the professionals to understand the situation and talk to the service users when they know the other person very well and know about the good and bad qualities of those individuals, close relationships can be very helpful in assisting the professionals. It is better not to let the individuals feel the fact that they are in a study about the risk to other people as the behaviour suddenly changes in that sense. While if we would let the users know about the situation then it can also create some trust between both the people and then it is a different situation, it is although hard to predict about what could make the user more familiar and honest while answering. As a legal regulation, it is the right of the service user to have accurate information about his/her behaviour. Risk should be identified accurately as it s over-estimation can make the service user more threatening to other people while under estimation can show the professional's dishonesty. People function in an environment that is complex, uncertain, and hazardous. Cognitive, emotional, and behavioral responses determine the success of interactions with the surroundings. When faced with

High School Essay Example for Free

High School Essay 0 year i was born on 1998/7/5, in shanghai, china. 9 month i learned how to walk. 3 years old my first day of kindergarten. i cried but i also met a lot of cool kids. i learned to read. 4 years old i started to dance and i love dancing. 7 years old i went to elementary school and i was very exciting. i played violin for one year and then i quit. 9 years old lost my first tooth, im scared. 10 years old i got a first C in my life. rode my bicycle. 12 years old I went to a good middle school, and most people are very good at study. i felt im so lonely and tired. But after 2 weeks, i made a lot of friends and i love my life in my high school. my feet hurt, my doctor told me that i cant dance anymore, play any spots or P. E. class. 13 years old i moved to america because i got a bad score in my middle school. my parents think that i cant get into a good high school in china. most my classmates cried, i cried. i really missed them went i first came to here. but after few days, i adjusted my new life and i like my new school taylor middle school. however, i still miss my family members in shanghai and my friends. i still contact them. i also took a lot of classes after school to improve my english. 14 years old i became a eighth grader, i felt im so mature. i learned a lot from this year. i started to play guitar. 15 years old i went to mils high school. i got a good grade. 19 years old i went to UC berkeley. i met my boyfriend. had a good time in UC berkely. 24 years old graduated from UC berkeley, became a good psychologist. 26 years old i got married, have a good life. 27 years old got a lot of money and had my first child. 32 years old got my second child. 70 years old i got stomach cancer. 82 years old i died from gastric cancer, i donated my organs.