Case study-improving the balance sheet
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General systems theory can help us understand when an ecosystem is close to, or at, a critical breakdown point.
Question 1. What are the effects of John’s classification on the financial statement? Question 2. Are there any ratios that might be of concern to the local bank that will be misstated by John’s actions?
Discuss the “training issue”
CASE: "Improving" the Balance Sheet. Affections manufactures candy and sells only to retailers. It is not a publicly owned company and its financial statements are not audited. But the company frequently must borrow money.
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One of the most significant legislative acts that congress has prepared is the Sabarnes-Oxley Act of 2002 (SOX). The ramification for the public, management and accountant will dramatically impact corporate governance. There is a report of the imp
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