Essay On Satyam

After reviewing the Balance sheet I have a concern regarding the Current and short term liabilities. Creditors/ trade payable is payment yet to be made for goods already received, if this continues to rise then it will effect the business profit and less stock will have to be ordered so repayments can be made. Bank overdrafts also continued to rise and in the long-term the business will be paying greater interest, which will again eat into the profit. Both increased quite a great deal from the last year-end. If this continues then the business will get into bad debts and owe too much that it will end up having to sale its assets to survive. Finally I can see that due to the above issues and other issues the net current assets/ working capital has decreased so therefore the business is less value then it was a year ago. If the business is worth £1 million now, this could soon decrease within another year.

A root cause analysis (RCA) is a “systematic approach to understanding the causes of an adverse event and identifying system flaws that can be corrected to prevent the error from happening again” (Huber & Ogrinc, 2010). The root cause analysis is used to determine why the problem occurred in the first place and to identify the cause of a problem using a specific set of steps (Mind Tools, n.d.). The RCA team which consists of interprofessionals who are knowledgeable of the issues and processes related to the incident and the people who are involved in the incident should be formed first before the RCA meeting takes place (Huber & Ogrinc, 2010). In the given scenario, the team includes the emergency department (ED)

Ashoka was said to be one of the greatest rulers in India. Ashoka conquered a lot of land including the empire of Kalinga. After winning the war to claim Kalinga, Ashoka road his horse and looked out at the bloody battle, he then was filled with horror at the sight of war, and swore to give up violence and wars from then on, (BGE, Frey 161). But was King Ashoka a ruthless conqueror, or an Enlightened Ruler? Ashoka was an enlightened because of how he gives up violence and how he encouraged Buddhism.

The film opened with Mona doing a model shoot. She was listening to her demanding white photographer ordering her to have more provocative looks. This Mona, has conformed into the white supremacy, adapting preconscious beliefs, abstract to black culture, and stubborn towards black ideas. Mona had no connection to her inner being and had little insight on who she really was. While continuing to capture photos, Mona and her photographer decides to capture near the Fortress. She becomes distracted by a drummer who leads her inside of the Fortress. Mona is now suddenly locked in a dark room. When she does find light, she noticed that she is surrounded by other Africans who were bound and shackled

After reviewing the financial information of the Tech Tennis, USA, there was a concerned due to some unusual changes in the company’s accounts. Financial statements play a crucial part in the determination of the progress of an organization. It assists the relevant personnel to identify whether the company is making profits or making losses. Although unethical, some companies will tend to deliberately misrepresent some of their financial statement information to create a false impression of the company’s success. There are various techniques that organizations utilize to manipulate their financial statements such as overstating their revenues (Bierstaker, Brody, & Pacini, 2006). In addition, some organization will tend to inflate their sales without considering their cash flow amount that the organization has acquired which will be a red flag to investigate. Consequently, financial statements provide vital information that helps both internal and external users to understand the position of the organization. Some companies in an attempt to continue in the market, they end up manipulating their financial statements that create an illusion of the success of the organization.

Fredrick Douglass, an author who escaped slavery and spoke upon his hardships, clearly presents strong rhetorical devices within the feelings he has. Allowing him to express the feelings to the readers as a real world experience. Kendrick Douglass skillfully used syntax and figure of speech to convey the struggles and hardships of his journey. Douglass tells his story of how he felt lonely and how he felt like a prey. He uses syntax to create meaning to the words he is trying to convey.

History suggests that the overwhelming majority of human beings have had to choose between either tyranny or anarchy

The chief executive of the company was closely working with the vendors whose confirmations were vital in the auditing work and hence they could have submitted false confirmations. The auditing firm established a national risk management program for its clients and so national reviews were done to identify the high risk items in the financial statement. The vendor allowances were particularly high but they were not documented. As such, the auditors were supposed to demand for the documentations and compare them with the real figures. It is however noted that most of the documentations received were non-standard and this could have led to a different audit report given that vendor allowances were earlier identified as a high risk area. Inventory management was found to be poor especially in the allowances for inventory reserves. The audit firm was therefore obliged to carry out a thorough evaluation of the inventory reserves and determine whether it was reasonable. The valuation was also supposed to include all classes of inventory but for the case of the company, the evaluation excluded instances where no sales had been made. Hence, this evaluation could not accurately represent the position of the inventory reserve in the company. (Waters,2003)

Support: The Company’s revenues increased considerably (19%). However, the Accounts receivables also increased significantly (38%). Increase in revenues are generally associated with a proportional increase in the allowance for doubtful debts. By not reporting a significant ‘allowable for bad debt accounts’, the company is able to overstate its profits and could be a cause for concern in the long run, if the receivables turn out to be bad.

The Company President Gregory S Forest has directed me to conduct a field investigation at the Roanoke Branch. We have reasons to believe that employee morales and productivity are declining daily. I have also heard that there are other problems going on as well. I will be coming May 24, 2012 to have the group meeting and interview employees as a group to further investigate the problems within the company.

1 In Ravi Suria’s analysis, “we believe that the current cash balances will last the company through the first quarter of 2001.” According to Exhibit 12c the cash flow statement, in contrast, the cash balance could last for the first quarter of 2001, when it suffered from 407 losses in operating activities, though positive in investing and

A number of financial statement frauds went undetected from auditors in past and attracted a high profile attention. The businessmen add fake assets or transfer the assets of companies to their personal assets and result in accounting scandals when the affected companies are bankrupted or are even close of bankruptcy. Just to mention a few names, accounting scandals of Enron, AOL Time Warner and Xerox are among the hottest accounting scandals of the century. This means that despite presence of professional auditors accounting scandals happen and there is a need to learn from the mistakes of the auditors who overlooked these activities. In this report the case study of Xerox is analyzed in detail to highlight violations of accounting principles and present an example from which lessons can be learnt for the future.

In this incident, the chairman of one of India’s largest technology company, Ramalingam Raju, the person who has sought to use technology to improve life in rural India said that he concocted important financial results, including a cash balance of more than 1 billion dollars. Analysts in India have termed the Satyam scandal India's own Enron scandal. Some social commentators see it more as a part of a broader problem relating to India's caste-based, family-owned corporate environment. This Scandal is obviously a major blow to the reputation of the IT outsourcing industry in India, and reveals some of the challenges of due diligence in such relationships.

Buddhism      For over 2000 years Buddhism has existed as an organized religion. By religion we mean that it has a concept of the profane, the sacred, and approaches to the sacred. It has been established in India, China, Japan and other eastern cultures for almost 2000 years and has gained a strong foothold in North America and Europe in the past few centuries. However, one might ask; what fate would Buddhism face had Siddartha Guatama been born in modern times; or more specifically in modern day North America? Would his new found enlightenment be accepted now as it was thousands of years ago?

Da ordet “consequences” er i flertal så derfor skal ordet ”is” laves om til ”are” √