Sarbanes-Oxley has resulted in significant additional governance overhead costs for all affected companies. In addition, one major change to the potential billable hours of large public accounting firms is that they can no longer provide consulting services for their publicly traded audit clients. Do you feel the costs of fighting fraud and malfeasance are being passed on to consumers? How […]
Understand the meanings and differences between data, information, and knowledge. In your discussion, give a real-world example of data, knowledge, and information in the context of the Kokubu Food Company. Kokubu management has asked you to be the company consultant and prepare a management analysis of the business to help assess the firm’s current situation and future plans. To familiarize […]
The Sarbanes-Oxley Act (SOX) was signed into law on July 30, 2002. It is arguably the most significant corporate reform legislation since the Great Depression. Sarbanes-Oxley mandates requirements, including reporting on internal control over financial reporting. The newly created Public Company Accounting Oversight Board (PCAOB) has the responsibility of establishing standards applicable to audits of internal control over financial reporting. […]
One of the basic financial principles is that the value of any asset (whether it be a stock, a bond, or a firm as a whole) is the present value of that asset’s future cash flows. Finding present values requires determining a discount rate. Assume you want to buy a business, and you want to find the present value of […]
Look at the Focus on Ethics box (“How Fair Is Check Into Cash”) in Chapter 5 of the textbook. These, businesses quote an interest rate of 15% to loan customers (most of whom are fairly unsophisticated) and yet the EAR of the loan is close to 400%. Explain the wide discrepancy between these rates. What do you believe is the […]
A high school student with a significant learning disability and cognitive challenges wants to attend college preparatory programs. She is very upset and does not think that she is getting the services that were promised. Although the parents are also upset, they are concerned about the challenges this goal may present to their child. The special education teacher has contacted […]
What is critical thinking? What characteristics do you think distinguish critical thinkers from those who do not think critically? Do you think these characteristics are important? Why or why not?
Topic: How do you define mankind? What does it mean to be human?
Why is departmental accounting important to management? What is the primary purpose of manufacturing accounting?
Think about a leader with whom you have had extensive positive experience in the past. Think about whether this leader had a high need for achievement, affiliation, or power. Discuss which motive was dominant in the leader and why you think so, giving at least three (3) behavioral examples. Also, discuss why you think the dominant motive was a positive […]
