Category: Accounting

Case 17 – The Investment Detective The case of the Investment Detective laid out the cash flows for us in each of eight different projects. Before doing any calculations we came up with the assumption that we could not rank the projects simply by inspecting the cash flows. Without the ability to rank the projects …

• Case 1-4 Generally Accepted Accounting Principles At the completion of the Darby Department Store audit, the president asks about the meaning of the phrase “in conformity with generally accepted accounting principles,” which appears in your audit report on the management’s financial statements. He observes that the meaning of the phrase must include more than …

FIN/571 Final Examination Study Guide This study guide will prepare you for the Final Examination you will complete in the final week. It contains practice questions, which are related to each week’s objectives. In addition, refer to each week’s readings and your student guide as study references for the Final Examination. Week One: Foundations of …

Part I: Prologue C H A P T E R 1 Introduction to Organizational Behavior After studying this chapter, you should be able to: 1. Define organizational behavior (OB). 2. Explain the value of the systematic study of OB. 3. Identify the contributions made to OB by major behavioral science disciplines. 4. Describe how OB …

Mr John Smith 99 Lovely Gardens London W3 1CE Mars UK Ltd Dundee Road Slough Berkshire SL1 4JX England Friday 29th April 2011 RE: COMMERCIAL FINANCE ANALYST I would like to apply for the position as a Commercial Finance Analyst I recently graduated from Queen Mary University of London gaining a BSc (Hons) in Physics …

Capital Cash Flows: A Simple Approach to Valuing Risky Cash Flows Richard S. Ruback* This paper presents the Capital Cash Flow (CCF) method for valuing risky cash flows. I show that the CCF method is equivalent to discounting Free Cash Flows (FCF) by the weighted average cost of capital. Because the interest tax shields are …

Perspectives Service failures and customer defection: a closer look at online shopping experiences Sohel Ahmad Introduction Although many companies have entered the world of e-commerce in the past few years, very few have been able to attain competitive advantage. In fact, a significant number of online companies have gone bankrupt ± a phenomenon often referred …

EXECUTIVE SUMMARY After years and years of pursuing Sainsbury as the United Kingdom’s largest retailer, Tesco PLC broke through in 1995 and has become not only the largest retailer in the UK, but also the world’s 4th largest retailer, trailing only Wal-Mart, Carrefour and Germany’s Metro AG. Originally, Tesco’s soul focus was the retail grocery …

ACCOUNTING FRAUD AT WORLDCOM WorldCom was the second largest long-distance company after AT&T before its bankruptcy. The company had a rapid growth by acquisitions of other companies just after it went public in 1989. Starting 2000 the telecommunication industry had a downturn and their stocks were declining. But WorldCom started doing some accounting frauds to …