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One case of overstating revenue is alleged to have been carried out by the Xerox Corporation, a large US company and a leading player in the photocopying.
This company, which is a large US telecommunications business, is alleged to have overstated profits by treating certain operating expenses.
Perhaps the most well-known case of concealment of losses and liabilities concerned the Enron Corporation.
When Waterford Wedgwood reports its annual results today, brokers will be focused not just on the income statement of the crystal and porcelain manufacturer.
The typical business outside the service sector has about 50 per cent more of its resources tied up in inventories than in cash.
Taking each of the categories of the cash flow statement in turn, in which direction would you normally expect the cash flow to be?
How will the events ultimately affect the amount of cash?
The ROCE ratio is widely used by businesses when establishing targets for profitability.
Achieving profitability UK businesses reported an average ROCE of 14.4 percent for the first quarter of 2006, equalling the 2005 rate.
In recent years, many businesses have been criticised for failing to consider the long-term implications of their policies on the wealth of the owners.
JJB Sports plc, a leading retailer, reported interim financial results for the six months ended 30 June 2005 that caused some disquiet among investors.
Capital only increases or decreases as a result of the owners putting more cash into the business or taking some out.
Singh Enterprises has an accounting year to 31 December and uses the straight-line method of depreciation.
The board should receive timely information that is of sufficient quality to enable them to carry out their duties.
All directors are provided with, and have full access to, information which enables them to make informed decisions on corporate and business issues.
Clearly defined authority limits and controls over cash-handling purchasing commitments and capital expenditure.
In recent years the price of the company's ordinary shares has risen to the point where they are now one of the most highly priced ordinary shares compared .
The shares of many companies can be bought and sold on the Stock Exchange, and shareholders selling their shares can represent a useful source of new capital .
Companies do not have to pay tax on their profits because the shareholders have to pay tax on their dividends.
Briefly explain the expressions that you have seen in the financial statements of a limited company.
What are incremental direct acquisition costs and how should they be treated?
What are the objectives of a well-designed internal control structure in an organization?
Determine an ethical issue that is involved in this case if any. Identify if the financial vice president acting improperly or immorally.
Were you surprised by anything when you created the budget? Do you think you will use it and follow it?
The amount of intercompany transactions should be evaluated in identifying an entity's functional currency.