Xerox Financial Fraud Case Analysis Essay - 1620 Words

Financial Research – The Xerox 1 Financial Research Xerox Financial Fraud Case Analysis This paper was prepared for Auditing Procedures Financial Research – The Xerox Abstract On April 8th, 2002, the Xerox Corporation (Xerox) announced its willingness to accept the U.S. Securities and Exchange Commission (SEC) to reach a settlement with the conditions. Thereafter, its financial fraud became surfaced. On June 28th, Xerox Corporation in accordance with the requirements of the settlement, submitted the unaudited 1997-2000 restated annual financial statements to the SEC, and recognized fraud interest income of $6.4 billion, pre-tax profit of $1.4 billion (SEC thought that should be $1.5 billion) during this period, which sparked†¦show more content†¦Lured by the huge profits, KPMG who providing the accounting services for many years has surrendered its violations, lose the principles in the front of professional standards and ethics. Fraud Analysis: The case of Xerox involved the accounting operating practices can be summarized into two main categories: advance to confirm rental income and the use of illegal ready adjustment of profits. 1. Advance to confirm rental revenue. The greatest means of fraud accounting profit is to use the sales-type leasing. Before the lease beginning date to confirm the lease-related revenue, Financial Research – The Xerox and to make the current profit targets meet with Wall Streets expectations. In addition, Xerox specifically adopted the measures of return on equity and profits standardized to 5 overestimate the fair value of the leased asset. If the given book value of the leased asset, its fair value is greater, then the recognized sales profits with inception of the lease period will be greater. â€Å"The commission alleged that Xerox management accelerated the revenue recognition of leasing equipment over a four-year period by more than $3 billion, and inflated pre-tax earnings by $1.5 billion, to meet or exceed Wall Street expectations and hide its true operating performance.† 2. Manipulation of various violation of reserve. This is the second greatest Xerox accounting fraud measure. 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Consumer Durables and Nondurables Free Essays

Analysis The definition of consumer durables and nondurables Consumer durables involve many kinds of products that is purchased by consumers, it is manufactured for long-term use. Such as: car, furniture and so on. But consumer nondurables are opposite. We will write a custom essay sample on Consumer Durables and Nondurables or any similar topic only for you Order Now It is expendable goods purchases by consumers for their daily or short-term use. Such as: clothing, shoes and so on. The characteristics of consumer purchase Because of consumer durables has long-term use, and comparing with consumer nondurables, price is higher, so consumer purchase behavior is more cautious. There are some reasons. First of all, much more selectivity cause consumers are hard to make decision. Secondly, because of there are a lot of different brand, so they will carefully compare the various brands of cost performance, generally, consumer focus on the quality, service, and brand reputation. Finally, consumers can not buy from nearest store, they are willing to go to large scale shopping malls. But consumer nondurable is opposite. There are some features of consumer nondurables. Because of nondurables goods are short-term use, it can be daily product, such as towels, soap and so on, so consumer is willing to buy those at nearest store. Also, it can be visual product, when consumer decide to buy it, they might be affected by packing and store’s ambience, which means consumer can make decision easily. On the other hand, consumer has less loyalty for brand, they usually change same product with different brand. So we can sum up some features about consumer purchase habit, which are easy, fast, impulsive and emotional. Main characteristics of market Consumer durables: For product advertising strategy, company usually focus on product exhibition and display as much as possible, also they must have a large scale warehouse for inventory Consumer nondurables: For advertising strategy, Company is willing to choose outdoor billboards in the down and some crowded place, or promote on the internet. They don’t need large size warehouse for inventory. How to cite Consumer Durables and Nondurables, Papers

Marijuana Essays (1217 words) - Herbalism, Medicinal Plants

Marijuana Marijuana is the most widely used drug in the world today. Is marijuana as dangerous as it is made out to be. A large variety of different people have many different opinions depending on their professions. Many doctors disagree with each other and the subject is one of their most controversial topics. Also marijuana as an illegal drug is more wide spread in the U.S. today than it ever has been before. Therefore it is becoming a large problem for law enforcement and many other governmental groups in the U.S. today. Marijuana has been in our society for many years. It is not exactly known when the drug first came into perspective in this nation. During the 1960's is when this drug became widely populated among the people in this country. ? If we assume conservatively that arrest figures represent ten percent of those who use the drugs, then the estimated number of California users in 1967 would be 320,000 persons ( The new social drug, p.93 )?. This trend has been on a roll ever since then. The type of people who use this drug is not among any certain group. Many different people experiment with this drug. Although young and middle aged adults are the ones primarily using the drug there are still some elderly people using Marijuana also, just not in as large numbers. These people range from college students to your average businessman or women. All of these people have different beliefs towards their drug us. Some only us marijuana at parties or on weekends, and others us it every day after work or before. The reason people use the drug is not wide spread. Some people use the drug to alter their state of mind and to change their form of thinking. Others use the drug to have a good time. The more negative reasons people us marijuana is so they can coupe with their problems in life, make their life easier. These reasons are closely related to the abuse of marijuana. A lot of the reasons are closely related, or are the same reasons people become alcoholics. There are other reasons people use marijuana such a medicinal use. The drug can be used for many medical problems, some of which are very extravagant. Such as some people with cancer use marijuana to be able to tolerate their chemotherapy. ? Cancer patients on chemotherapy often suffer severe nausea. Marijuana can control it and make their therapy more tolerable ( www.aidsinfonyc.org/Q-zone/maribill.html P.1)?. Marijuana is also used in AIDS patients. AIDS patients suffer from many things one of which is weight loss. ? Many people with HIV have massive weight loss or wasting that can be fatal. Marijuana can restore their ability to eat ( www.aidsinfonyc.org/Q-zone/maribill.html P.1 )?. Another us of marijuana for medical purposes is for Multiple Sclerosis. Someone with Multiple Sclerosis is very incompetent and is in desperate need of anything that can help them in any way. ? Marijuana can improve muscle control for people with Multiple Sclerosis ( www.aidsinfonyc.org/Q-zone/maribill.html P.1 ) ?. Marijuana is also used in the optical industry as well. The drug can be used to improve the eye site of a glaucoma patient. It is also used in this case to slow down the effect of the glaucoma disease. This medical use was the first one to be discovered. The chemical in marijuana that is known to make the affect on these diseases and on the person using the drug is called THC. THC is the active ingredient in marijuana. This product has been in the market of medicine for more than a decade. It comes in the form of a capsule. But it is not as affective as the smoke form of the illegal drug marijuana. Medical purposes for marijuana were not discovered until about fifteen years ago. Know many people are trying to get the government to legalize the drug for medical use for the past few years. Doctors have been testing marijuana and many of it's chemicals for other ways of us but none have been found yet, but any doctors believe that there are many more ways marijuana can be used to help a person medically. Marijuana is believed to effect the brain mentally.

The Count of Monte Cristo1 essays

The Count of Monte Cristo1 essays Type of literary work: Adventure Drama The main point that Alexandre Dumas is presenting in this novel deals with judgement. Those who are good to others will be rewarded in the furture. Those who are sinfull will be punished. The action in this novel takes place in Marseilles, Paris, France in the 1800's. The era of the novel is set during the Napoleonic era. The ciites in which this novel takes place in are, Marseilles, Paris, and Rome. Most of the scenes are in the cities but others take place on the countryside, and Edmond Dantes was a young and handsome sailor. He had a lot of things that people would dream of. The two main people that were jealous of him were a man named Fernand Mondego and a man named Monsieur Danglars. Fernand was in love with Dantes' fiance Mercedes, while Danglars was jealous that Dantes was to receive the rank of Captain that he didn't have. These men (as well as two others named Gaspard Caderousse and Monsieur de Villefort) form a conspiracy and arrange for Dantes to be arrested and sent to a dreadfull prison named the Chateau d'If. After a couple years in the Chateau d'If he met Abbe Faria who became Dantes' intern father . Dantes met Abbe Faria through a secret passage way they both had builtt. Faria taught Dantes many things in there years together in prison. One of which was the secretly kept treasure of the Spada family. The two friends had planned an escape, but Faria dies before they can carry out there escape. Dantes once again becomes filled with grief and sadness, but he thinks up a plan. He thought only the dead leave the Chateau d'If, decides to replace Faria's corpse with himself. He places Faria in his own cell in bed facing the wall. He sews the shroud back once he is inside it. He is then thrown into the sea as all the corpses were of the Chateau d'If are. That is how Dantes made his great escape. Dantes is picked up by a ship of sm...

The Dos and Don’ts of How to Quit Your Job

The Dos and Don’ts of How to Quit Your Job There comes a time in every worker’s life when he/she needs to quit a job. Maybe it’s for personal reasons, maybe the best job ever has just become available, or maybe the work environment is toxic and unfair and you just HAVE TO GO. No matter what the reason, it’s always best to leave with dignity and integrity. So put that middle finger away, hold on to your f-bombs, and make sure you read this list on how to quit your job first.DON’T ever do this when quitting your job.  Do it in publicEven in an open plan office, it’s important to schedule a one-on-one with your supervisor somewhere private enough to have a discussion without an audience or without putting your boss in an uncomfortable position. Keep it confidential.Be afraidNobody is going to be â€Å"mad at you.† And if they are, then that’s more a reflection on the company or the culture and, well, good riddance. You have to look out for your own professional growth. Leaving o ne job for another doesn’t have to be an insult.NegotiateUnless this was your strategy all along and you go in prepared to stay. If you’ve already accepted another offer, or you are truly miserable where you are, don’t even humor the counter offer. Even if the money is too good to be true. It probably is. Remember why you were leaving in the first place.Be vulgarNo expletives. No curses. No middle fingers. No door slamming. No desk-slapping. You get the idea. Stay calm and class it up.GhostJust never showing up to work again is not the way to go. You’ll look like a lunatic, or worse. Make sure to actually have the conversation and follow the appropriate protocol.BackstabNot about your evil boss or your arch nemesis, or the colleague who tormented you. Now is not the time. Save it for a ranting session over happy hour with your out-of-work friends.Treat it like Senior SpringSo you’ve given your notice. Great. Don’t stop working. You’ll obviously have a little less to do as your projects taper off in your transition, but don’t just sit there painting your nails or playing on Facebook until your final day. Stay respectful; be respected.DO  Give noticeThis is by far the most important. Give sufficient notice so you won’t leave anyone hanging or any colleagues under undue stress. Even if you hate them!Bring treatsWhy not bring something as a parting gift to your co-workers on your last day? Think a plate of cookies or brownies or order a pizza for the break room, just to show your appreciation for the people you have worked with and learned from in your time there. It’s probably a good gesture even if you don’t respect a single one of them.Give back your stuffGive back your company laptop and phone and security passes. Yes, even your company iPad. If you’ve really gotten close with your stapler†¦ well, we’ll look the other way.Be honestWith your boss and in your exit i nterview. Who knows, something constructive could come out of it, for one or both of you.Consider the counter offerBut, as above, only if you are prepared to stay and wouldn’t be totally miserable. You’re allowed to take a day to think it over.Do it in personNot over the phone. Not over email. NOT OVER TEXT. You owe your boss, even an awful one, this courtesy.If you stick to these parameters, you can leave your job without humiliating yourself or anyone else, and with preserving your integrity and respect-worthiness. You never know when you’ll run into these people again. Keep ‘em sweet on your way out the door!

Changing a behavior Essay Example | Topics and Well Written Essays - 750 words

Changing a behavior - Essay Example I kept track of my daily progress through a data tracking sheet which I will provide with the paper. Motivation My goal falls in upper-level needs in Maslow’s hierarchy of needs. My wish to change my behavior is my social need and self-esteem need, which are the psychological needs that come up in the hierarchy when the low-level needs are satisfied. The only counter-motive that made it difficult for me to accomplish my goal was the lack of comfort in my life. As I already stated, my life has been very hard and I had to struggle a lot to get at this point in life. This hardship made me doubtful about my future and thus I became afraid of many things. This counter-motive falls in the category of safety (comfort) needs in Maslow’s hierarchy. I felt extrinsically motivated to change this behavior because the appreciation I was expecting to get from my peers and others after my changed behavior was enough to motivate me to achieve my goal. My motives did contribute toward t he outcome because communicating with people is always fruitful in the development of speech skills. Also, facing the danger reduces the fear that one feels while encountering dangerous situations. In this way, my motives were good enough to contribute toward a positive outcome. Learning I set my email and other passwords on the words that could remind me of my goals. For example, I changed my email password to â€Å"don’t_be_afraid†, so whenever I logged in, my mind accepted this fact that I had to come out my timidity. I decided to pick a debatable topic once a week and make an appointment with a friend to come and discuss the topic with me. I made a plan to look into the mirror for continuous 10 minutes daily and tell myself that I am a confident person. All these methods proved very helpful to me in the accomplishment of my goals and brought out the long-lost confidence from within me. Emotions, Barriers and Social Support I felt very much motivated to change my be havior. I made a resolution that I had to change this behavior at all costs, and I felt pleasure in my decision. I felt as if I was valuing myself. This feeling filled such energy inside me that I wanted to do more and more to become confident. I found myself emotionally strong enough to keep myself going. It was a nice surprise to me. The only barrier that made it difficult for me to accomplish my goal was the lack of social support. Since I live alone, I am far away from my family and friends, and their support was much needed during this whole process. I was expecting this barrier but to overcome it, I arranged to keep myself busy with my friends and decided to stay in group rather than being alone all the time. Thus, I enlisted some of my colleagues to help me during the process and this was very helpful. Conclusion I am proud to state that I did accomplish my goal to much extent. Although at some points, I felt that it was all useless, but when I started feeling a positive chan ge within me, I decided to continue the process, and in the end it proved to be very fruitful. I feel very delighted at this change because I am getting very much appreciated among my peers. Now, I am able to lead a group. I can speak in front of crowd and deliver a speech. I feel confident enough to tell someone about his mistakes and how to correct them. My self-esteem has risen. Now, I am not shy of giving presentations and delivering speeches. In the future, I plan to

Competitive Advantage Assignment Example | Topics and Well Written Essays - 250 words

Competitive Advantage - Assignment Example All these factors create competitive advantages for a company in different ways and need be looked into so that in case one fails, the others can still remain relevant for a company. In relation to cost, it entails a firm being in able to offer its products and services at reasonable prices and still make profits. To attain this, a firms recruits labor and conducts education and training forums to keep them up to date with the company’s expectations and save on production costs. On the aspect of differentiation, a company will want to create an advantage on its products with respect to branding, quality as well as innovation among other issues. The main aim of differentiating goods and services ought to be, to satisfy each customer’s needs and give quality for money paid (Pearce & Robinson, 2012). Every customer wants to feel good about a particular brand purchased, and have the willingness to purchase it another time comfortably. Speed should also be factored in a company’s competitive advantage since; it provides efficiency in the delivery of goods and services. Consequently, having fair and reliable distribution channels is an added advantage to any company. A reliable delivery service with a strong distribution network plays a major role in attracting a large client base for the company (Pearce & Robinson,