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Essay

Blinding Numbers

Essay specific features

 

Issue:

Business

 

Written by:

Thomas P

 

Date added:

June 25, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 658

 

Was viewed:

6762 times

 

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Essay content:

Evolution has proven, although debatable, that those who are the most successful will survive. This theory can parallel the actions of many CEO's, managers and accountants who will stop at nothing and ignore the essential aspects of GAAP. For example, in 2001 and 2002, Enron and WorldCom collapsed as a result of massive accounting frauds...
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For example, in 2001 and 2002, Enron and WorldCom collapsed as a result of massive accounting frauds. It is partly due to greed; however, it is also because it is very easy. By overestimating future collections or the value of unsold inventory to blatantly ignoring the addition of expenses, these aspects of "conservatism" are just a few ways in which companies' blind investors, competitors and everybody else...
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General issues of this essay:
Arthur Andersen: Questionable Accounting Practices accounting made easy Blinding Numbers Disclosure and Accounting Practices in the Municipal Securities Market discuss the role of the financial accounting and managerial accounting functions in organizations How would International Financial Reporting Standards affect the quality of Canadian accounting information? Lean Accounting and the Basics of Accounting Managerial Accounting Vs Financial Accounting Managerial accounting vs Financial accounting Potter Smith, Chartered Accountants Should Accounting be made a professional school The Differences Between Financial Accounting And Management Accounting Today's Accounting Practices Zubair Associates & Co Chartered Accountants JDS Uniphase Accounting Practices
 

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