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Molex

Essay specific features

 

Issue:

Social Issues

 

Written by:

Gabriel N

 

Date added:

September 17, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 889

 

Was viewed:

6383 times

 

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Essay content:

The accounting error accounted for $8 million of inventory that had affected results for several years. Management did not find this error until mid-July 2004. The review states that Molex had struggled financially in 2002 and 2003. In first quarter of 2004 (ending September 30, 2004) revenue had increased by 29 percent for the first quarter of 2003...
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Gross profit margin was 35.7 percent for the first quarter of 2004 compared to 33.8 percent for the first quarter in 2003. Management sensed that these the financial numbers were improving and they probably did not want to disclose the error knowing that it would affect the shareholders. Even though the share prices had not greatly increased, with these numbers they probably expected them to increase...
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General issues of this essay:
Analysis Of Wal-Mart'S 2004 Financial Statements Development Of Regulation Of The Financial Reporting deloitte and touche case interview preparation guide Financial Reporting financial reporting How would International Financial Reporting Standards affect the quality of Canadian accounting information? International Financial Reporting Standards International US Financial Reporting Convergence Report Molex Case Analysis Molex Case Study Monsanto: Corporate Annual Review of Financial Statements Significance of Financial Reporting The ISAB argues that the accruals and going concern concepts are key underlying assumption in the preparation of financial statements. Discuss the problems for companies in applying these accounting concepts and explain why other concepts might al... Americans are too concerned with material goods Molex
 

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