Author: chris

Industry Analysis on Cruise Lines: Research and prepare a paper that documents and discusses the preliminary analysis of the industry, including SIC Code, in which the public company operates. The analysis should describe a review of data, industry ratios, industry life cycle, an opinion of the financial and economic condition of the particular industry, and the public company�s position in that industry via a ratio comparison. Use any outside data (such as from The Wall Street Journal and resources provided by the Library) that will help, but be sure to give appropriate credit for the work, language, and ideas of others.

Assume you are the partner in an accounting firm hired to perform the audit on a fortune 1000 company.  Assume also that the initial public offering (IPO) of the company was approximately five (5) years ago and the company is concerned that, in less than five (5) years after the IPO, a restatement may be necessary. During your initial evaluation of the client, you discover the following information:

• The client is currently undergoing a three (3) year income tax examination by the Internal Revenue Service (IRS). A significant issue involved in the IRS audit encompasses inventory write-downs on the tax returns that are not included in the financial statements. Because of the concealment of the transaction, the IRS is labeling the treatment of the write-down as fraud.
• The company has a share-based compensation plan for top-level executives consisting of stock options. The value of the options exercised during the year was not expensed or disclosed in the financial statements.
• The company has several operating and capital leases in place, and the CFO is considering leasing a substantial portion of the assets for future use. The current leases in place are arranged using special purpose entities (SPEs) and operating leases.
• The company seeks to acquire a global partner, which will require IFRS reporting.
• The company received correspondence from the Securities and Exchange Commission (SEC) requesting additional supplemental information regarding the financial statements submitted with the IPO.

 

Write an eight to ten (8-10) page paper in which you:

1. Evaluate any damaging financial and ethical repercussions of failure to include the inventory write-downs in the financial statements. Prepare a recommendation to the CFO, evaluating the negative impact of a civil fraud penalty on the corporation as a result of the IRS audit. In the recommendation, include essential internal control procedures to prevent fraudulent financial reporting from occurring, as well as the major obligation of the CEO and CFO to ensure compliance.
2. Examine the negative results on stakeholders and the financial statements of an IRS audit which generates additional tax and penalties or subsequent audits. Assume that the subsequent audit and / or additional tax and penalties result from the taxpayer’s use of an inventory reserve account, applying a 10 percent reduction to inventory over three (3) years.
3. Discuss the applicable federal tax laws, regulations, rulings, and court cases related to the inventory write-downs, and explain the specific relevance of each to the write-down.
4. Research the current generally accepted accounting principles (GAAP) regarding stock option accounting. Evaluate the current treatment of the company’s share-based compensation plan based on GAAP reporting. Contrast the financial benefits and risks of the share-based compensation stock option plan with the financial benefits and risks of a share-based stock-appreciation rights plan (SARS). Recommend to the CFO which plan the company should use, and provide the correct accounting treatment for each.
5. Research the reporting requirements for lease reporting under GAAP and International Financial Reporting Standards (IFRS). Based on your research, create a proposal for future lease transactions to the CFO. Within the proposal, discuss the use of off-the-balance sheet financing arrangements, capital leases, and operating leases, and indicate the related business and financial risks of each.
6. Create an argument for or against a single set of international accounting standards related to lease accounting based on the global market and cross border leases of assets. Examine the benefits and risks of your chosen position.
7. Examine the major implications of SAS 99 based on the factors you discovered during the initial evaluation of the company. Provide support for your rationale.
8. Analyze the potential for a material misstatement in the financial statements based on the issues identified in your initial evaluation. Make a recommendation to the CFO for the issuance of        restated financial statement restatement. Identify at least three (3) significant issues that can result from the failure to issue restated financial statements.
9. Examine the economic effect of restatement of the financial statements on investors, employees, customers, and creditors.
10. Use six (6) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. (Include 3 Online resources)

Why is fast-food bad for us?

What is Sin? What is sin, there are many different attitudes towards particular acts that many consider immoral, possibly leading to eternal damnation depending upon the actions of the sinner. Are all sins forgivable? Once forgiven always forgiven? Also discuss how religious dogma can sometimes divide people socially when it comes to certain deemed sins, such as homosexuality as an example. Where one may consider it a sin, while certain sects of society may not see it that way. Is sin meant to provide an example for what moral judgments should be based off?

 Write an algorithm  (in Pseudocode) for a program that computes the cost of painting and installing carpet in a room.  Assume the room has one door, one windows and one bookshelf (built into the wall and not painted).  Your program should do the following:

Output the cost of painting the room, and the square footage to paint

Output the cost of carpeting the room, and the square footage to be carpeted

 Given:

int x=1, m=2, h=3;

long z= 9; long w = 0;

double n = 5.0, y = 4.0;

Which of the following assignments are valid.  If an assignment is not valid state the reason.  If the assignment is valid show the result of the calculation, and your work to derive the answer . NOTE assume that the effect of these assignment statements are not accumulative.

y = (z * 4 / 3) % 5;

n +=    17 /  7;

y = h * 3.5 + 8 / 3;

m =  (int) (15.5 * 2 – z/3);

x = m * 2 / 3 – h % 4;

w = h + (–x) + m++;

Facts on Digital Imaging: How digital imaging works.
ex.)Tools like Photoshop
Current issues on digital imaging.
History on digital imaging.
ex.) When it began
what are the advantages on digital imaging?

Sociological Review of Langston Highes: use ONE of these poems. Ballad of the Landlord, Ballad of Roosevelt, Un-American Investigators.
Please write a maximum of 1000 word critical interpretation of the poem, utilizing sociological, Historical approach. Purpose is to enhance one’s understanding of the poem so include a discussion theme and a blue print. Primary resources only.

Both political world leaders, Winston Churchill and Josef Stalin, were world renowned for their influences during the early Cold War era and their hand in the rivalry between the English-speaking world and the Soviet Union. Both men were well educated and well spoken. They were also influential and compelling, powerful, political world leaders.

When creating or implementing foreign policy, Churchill and Stalin were never quick to take action. Whether speaking publicly, positioning military or creating new policy, they acted in a calculated fashion and were always careful to consider the other’s position and agenda. Their calculated movements ensured that they would have the greatest impact on any issue they addressed. The rivalry between the two leaders and their actions did not only greatly affect their nations, but multiple foreign nations as well.

Within this assignment, you will describe dynamics that lead to the Cold War. In doing so, you will discuss how the rivalry between Churchill and Stalin became one of the factors that led to the Cold War.

To prepare for this assignment:

• Review Chapter 20 (pp. 304–3 24) in your course text.
• Review Churchill’s “The Sinews of Peace” speech and Stalin’s speech in this week’s Learning Resources.
• Examine the “Truman Doctrine” speech in this week’s Learning Resources.
• Compare and contrast Churchill’s and Stalin’s speeches.
• Reflect upon the differences and similarities between Churchill and Stalin’s leadership styles.
• Evaluate the rivalry between Churchill and Stalin.
• Think about what underlying factors could have led to the Cold War.
• Consider the following questions:

• What was the role of the United Nations in the context of maintaining international peace?
• Was Stalin correct in his assertion that Great Britain (and the United States) was motivated by their belief in the superiority of the English-speaking nations?
• Do you support Stalin’s argument in favor of a buffer zone between the Soviet Union and Central Europe as legitimate?
• Do you agree with Churchill’s argument that the Soviet Union desires the “indefinite expansion of their power and doctrines” cannot be substantiated by Soviet actions before March 1946?
• How do Churchill and Stalin invoke the memory of Hitler’s unchecked expansion in the 1930s, and how do both make incorrect comparisons?
• What was Truman’s assessment of the world situation as expressed in his “Truman Doctrine” speech?

The assignment:

• Compose a 2- to 3-page essay in which you do the following:

• Analyze the underlying factors that led to the Cold War.

• Identify the origin of the rivalry between the two blocs and explain the potential strengths and weaknesses of the English-speaking world versus the Soviet world in 1946.
• Support your assertions by making at least 2 references, in proper APA format, to your course readings.

 

 

Write a summary of the linked article.
Source: http://www.emeraldinsight.com.ezproxy.etsu.edu:2048/Insight/viewPDF.jsp?contentType=Article&Filename=html/Output/Published/EmeraldFullTextArticle/Pdf/0810190108.pdf

Economic liberalism as my ideology: Which ideology of political economy- economic liberalism, economic nationalism, or economic radicalism—corresponds most closely to your thinking and approach to the world; and/or the major ideas, books, classes, experiences and people that have shaped your intellectual development. I believe in economic liberalism that’s my ideology and can use Adam smith and please specify “market fundamentalism” or Keynesianism.