Summary : ' Liberty University '

Even though Liberty and Regent University may have similar belief systems in terms of religion, the class and campus sizes are different. Liberty is a much larger university, but the teachers are less personable. According to Liberty University’s central website, Liberty’s campus covers more than 7,000 acres (Liberty Liberty University). I find it important to attend a university that has a large campus enough campus that students can get away and have space to study or to think if needed. The student to professor ratio at Liberty University for residential undergraduates is 24 to 1 (Liberty Liberty University). Considering Liberty is such a large university, this ratio seems to be an appropriate size. This ratio is right around what I am

When I used to think of Liberty University, I immediately thought of the largest Christian university in the world. I thought of the innovative campus and the plethora of degree options. I thought of The Vines Center and the convocations housed there with diverse speakers students get the privilege of listening to. A distinct Nursing degree was never a forethought for me until I toured the school of nursing and talked to the staff about the program and all it had to offer. “Training Champions for Christ” has been Liberty’s moto since it’s creation in 1971 and that is exactly what they do for students in any field, including nursing. The university cultivates an strong environment for students to grow in their faith while also challenging them

ALSO DISCUSS THE TRAINING, EXPERIENCE OR BACKGROUND OF THE KEY MANAGEMENT INDIVIDUALS THAT ARE SIGNIFICANT TO THE CASE.

This memo discusses the unethical practices by the President of Newton Industries in the decision to report expensive advertising costs as inventory in order to inflate the company’s financial reports. Stakeholders of the company can be negatively affected by the company’s unethical practices.

There are many leadership positions held at this company. The CEO, Robert Steele, who has dedicated 25 years to the design and construction industry is said to be the most appreciative of being able to work with his creative, and intellectual staff. Susan Williams, the CFO and Treasurer, is responsible for general operations and all of the financial aspects of the company’s practice. William Wilson, who is the Director of Operations, is known for his attention to detail

Regarding Jim Johnson, what observations might the team have about his role as VP of Marketing? [2-points] (Learning Objectives: 3A, 3B)

This resulted in improper use of accounting principles. The company also told its auditors, PWC, that they used a means of FOB shipping point in regards to shipping products to yard. Although this created more revenue, in reality the company was exhibiting FOB destination which manipulated its financials. Finally, the company also performed guarnteed sales as a fraud tactic. In doing this, the company reported revenue and later shipped the products that were sold to their warehouses nationwide. As a precautionary measure, the company withheld the unconditional right for customers to return the products in which they purchased. Even though the company included this in their report, they did not report the sales return in their statements going forward. These fraud factors are very risky in regards to abiding by the laws set forth by the GAAP. In 1999 the company decided to report that they would fall way short of wall street projections due to inefficencies in the supply chain and warm weather. This in turn lead to a large court case and a sharp decrease in the price of shareholder common stock. In regards to the audit report performed by PWC, the judge involved in the case reported that the firm was not justifiable in the fradulent acts performed by Campbell’s Soup.

Rober Devlin is a chairman and CEO of American General Company. The corporation is the third largest multiline financial services company that provides life insurance, pensions, annuities, consumer loans, and investments. As a CEO, which is a high-level management position, he must responsible for many different resources and decisions. If the company doing well, CEO acquires recognition. If not, he must responsible for the downside of the business. Typically, responsibilities include decision maker on strategy and other key policy issues, manager, and executor. The decision-making role involves high-level decisions about policy and strategy of the company. The hardest part for him is to face and solve multiple

The current president of UCAR has declared the importance of external relationships with funding agents and scientific organizations and has focused on this area while the internal administrative functions have received less attention. A chief operations officer, or an executive vice president (VP) for operations could fill the current void and give the company administrative oversight and centralization while allowing the president’s focus to remain more external (Cepin, 2011). Adding this role has proven to be beneficial to many organizations like Microsoft, Comcast, and Allstate (Researchers Demystify Role Of COO In New Book, 2006). Also, it is argued that companies such as Hewlett Packard would have benefited from having this role when mergers became difficult (Researchers Demystify Role Of COO In New Book, 2006). This new position would manage the daily operations of the company, including facilities management, budget and finance, purchasing and contracts, human resources, and possibly information technology (Cepin, 2011). This individual must oversee strategic initiatives and strive to make the internal workings of the organization more efficient and productive (Cepin, 2011). This role should be a partnership with the president and there must be a great amount of trust between the two positions (Researchers Demystify Role Of COO In New Book, 2006). Overall, the VP for

Many cases of fraud begin when there is an image to keep up. The public perception of a company is important, especially when said company is publicly traded. When something within the company goes wrong, and the good image is threatened, that is often when the fraud comes into play. They attempt to cover up the problem by inflating revenues, evading taxes, or showing misleading information on their financial statements. Although Crazy Eddie, an electronic retail business in the 70-80’s, did employ many of these tactics as a cover-up, their fraud started almost from the beginning, just because they could.

Ahmad et al. (2013) indicated that the company created $35 million in inappropriate restructuring reserves in 1996 that were reversed in 1997 to inflate income through ' 'cookie jar ' ' reserves to create fake profits and creating the illusion of a rapid turn-around (pp.8-10). Ahmad et al. mentioned that the company reported a $109 million revenue in 1997, of which over $70 million of revenue from bill and hold sales, channel stuffing by putting inventory onto the books of distributors and retailers and other inappropriate accounting practice, such as, reduction of inventory to fabricate large profits when the goods were sold, recorded some sales that were not real and restated down to $38 million (pp.8-10). Ahmad et al. mentioned that the SEC charged the CEO for violating federal laws by misrepresenting material information and settled by paying portion of the $141 million, while former controller and chief accounting officer each agreed to pay $100,000 in fines, as well as Arthur Andersen settled for undisclosed amount (pp.8-10).

This paper describes financial statement fraud (FSF) and how it may occur within companies. The reason of this study was to research FSF detection and prevention. Research was also done to determine any influences that SAS (Statement on Auditing Standards) No. 82 and SAS No. 99 had on audit programs and the analysis from external auditors. Thirteen scholarly journals were

Several companies have performed methods of aggressive accounting by issuing financial statements to exaggerate their value. Either over inflating revenues, assets or cash flows, or understating any debts and expenses are examples of this type of fraud. These accounting swindles allow companies to have an efficient public appearance to investors and potential creditors. Nevertheless, according to a recent journal article from (Chen & Huang, 2013), these deceitful activities led to abnormal stock returns and unfavorable open-market purchases and repurchases.

Methods the company used to disclose (or creatively obscure) it’s complicated financial dealings were erroneous and, in the view of some, downright deceptive

1. How difficult was the task facing Immelt assuming the CEO role in 2001? What imperatives where there to change? What incentives to maintain the past?