Explain the problems associated with inappropriate accounting practices.

What will be an ideal response?


The use of inappropriate accounting techniques is a characteristic common to many financial statement fraud schemes. Enron made elaborate use of Special Purpose Entities (SPE) to hide liabilities through off balance sheet accounting. WorldCom management transferred transmission line costs from current expense accounts to capital accounts. This allowed them to defer some operating expenses and report higher earnings. Also, they reduced the book value of hard assets of MCI by $3.4 billion and increased goodwill by the same amount. Had the assets been left at book value, they would have been charged against earnings over four years. Goodwill, on the other hand, was amortized over much longer period.

PTS: 1

Computer Science & Information Technology

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Computer Science & Information Technology

Describe the two tabs on the NFS Client Configuration window.

What will be an ideal response?

Computer Science & Information Technology

Case 5-1

You have written the code below and you want to step through it with some actual values to make sure that it is working in practice the way you expect it to work. ? If decGPA > 3.5 Then             If intSatScore > 1000 Then                         lblAdmissionsStatus.Text = "You have earned admission"             Else                         lblAdmissionsStatus.Text = "Retake the SAT exam"             EndIf Else             If intSatScore > 1200 Then                         lblAdmissionsStatus.Text = "You have earned probationary admission"             Else                         lblAdmissionStatus.Text = "You have been denied admission"             End If End If Assuming that an applicant has a GPA of 3.55, what is the value of lblAdmissionsStatus.Text if the applicant's SAT score is 1000? A. Retake the SAT exam B. You have earned admission C. You have earned probationary admission D. You have been denied admission

Computer Science & Information Technology

Photoshop records each task you complete in an image on the ____________________ panel.

Fill in the blank(s) with the appropriate word(s).

Computer Science & Information Technology