Creative accounting has been examined in numerous scholarly papers yet there is no formal concurred definition because of the reality there are distinctive discernments and understandings of what creative accounting envelops. Creative accounting is by and large the European expression and has been characterised as a procedure by which management exploit crevices or ambiguities in accounting standards to present a one-sided picture of financial performance, by Balaciu et al (2009). It doesn't break
Current Global Financial Scenario: Domestic financial conditions in a globally integrated financial system: Financial conditions broadly reflect how easy it is to obtain financing. Going beyond short-term interest rates, they summarize information about the price and non-price (such as terms and conditions) costs of credit for various agents in the economy. Other definitions of financial conditions look at how financial variables relate to economic decision making and therefore future economic activity
1. Deutsche Bank Business Overview Deutsche Bank (DB) was founded in 1870 on the basis of foreign trade. With the opening of three international branches in Japan, China and the United Kingdom within three years after initial operations. The bank had funded a number of large-scale industrial projects such as the Germany’s electrical engineering industry and the building of the Baghdad Railway from 1903 to 1940. The bank was challenged by inflation, war and other global crisis in the first half of
In your understanding of the case, describe the business model of Rappler. Rappler is purely a click company with very little brick presence in the real world, unlike traditional and news outfits like ABS-CBN and GMA. A business model is a description of how your business operate and make money. It is a detailed business plan a company use to reach the target. Alexander Osterwalder, co-author of the book Business Model Generation, defines a business model as “a description of the value a company
Table above shows the composition of the sample of hedge fund activism. There are 452 13D hedge fund activism filings between 1st January 2011 and 31st December 2013 on various US publically traded targets. There are around 196 different hedge funds acquiring companies within the time period. While 131 number of funds have invested in single company and 21 funds in more than 3 target companies. Hedge funds such as Discovery Group, Icahn, Starboard Value and Stilwell Value have invested in more
A critical analysis is carried out in respect to the performance of Billabong through the application of ratio analytical tool and based on such analysis; there are different important areas of company’s performance that is assessed. The profitability performance of the company is not that effective and similar kinds of ineffectiveness being evident with respect the efficiency areas of the company. The liquidity performance has however showed improved level of performance of the company whereas the
The true and fair override concept in accounting is used for purpose to override compliance with reporting standards of unexpected circumstances. The act of a true and fair override concept is a significant requirement of financial reporting. In most of these cases, a true and fair override will be achieved by compliance with accounting standards. Nevertheless, where compliance with an accounting standard will result in accounts being misled that they will conflict with the objectives of financial
What Was QE2 or Quantitative Easing 2? Quantitative Easing 2, or QE2 as it is referred to by some, was the effort by the United States Federal Reserve to increase the support for domestic economic activity in the US economy. The Federal Reserve started this effort in August of 2010 by taking the payments that it received on agency debt and agency owned mortgage-backed securities obtained during Quantitative Easing 1 and applying those payments toward investment in longer term Treasury securities
Portfolio Discussion 1. What are the benefits of developing a professional portfolio? Professional portfolios offer a variety of benefits, a portfolio can assist in obtaining a job immediately after graduation. It may include test scores, grades, accomplishments, references, and any special scholarships obtained during one’s education. After starting a professional career that said portfolio can grow and detail one’s accomplishments during work. Portfolios can detail accreditations, skill acquirements
Forensic Accountant turns down being an expert witness Turning down being an expert witness One reason a forensic accountant might turn down being an expert witness could be due to a conflict of interest. They could have a personal issue or connection with the case. If a forensic accountant has a personal connection, problem, or something within their background that could hurt or diminish the case the forensic accountant should turn down the opportunity to be an expert witness for that particular