Essay About Who Signs Your Check Group Project 2

Essay about Who Signs Your Check Group Project 2
UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE
Who Signs Your Check Group Project
Group 5
Marc Friedman
Jefferson Kinnay
Vincent Mayer
Tesleem Subair – No posts yet??
Kent Williams
ACCT 635 9040
Accounting Ethics
Professor Larry Wolod
February 19, 2015
Contents
Facts 2
Procedural History 2
Issue 2
Rule 2–3
Application / Analysis 3–4
Conclusion 4
Bibliography 5
Work
Accomplished...................................................................................................................................................6
Facts
Willie Lowman is the internal auditor for Dead Salesman Printing who is currently in the process of
auditing the company's account receivables. He finds that the company is constantly crediting and
debiting accounts receivable. The accounts receivable clerk who is a CPA has been ... Show more content
on Helpwriting.net ...
As the internal auditor he is responsible for assuring that the firm is maintaining its records and reporting
its financial results in accordance with the FASB rules and regulations and GAAP. If the CFO still refuses
to make the necessary policy modifications required to the accounts receivable procedures in order to
comply with the rules then as a matter of maintaining his integrity, and with the stakeholders in mind
Willie should then make an appointment with the board of directors audit committee to relay the failure in
failing to meet the rules and regulations set out by the FASB in accordance with GAAP.

According to the Public Company Accounting Oversight Board (PCAOB), The primary objective and
responsibilities of auditor is to express an opinion on the fairness with which all financial statement
including all of its (material aspects, financial position, the result of the company operation and its overall
level of cash flows) AU Suction 110. Thus, what this means is that auditor must be fully independent and
must be fully able and willing to apply professional judgment as it relates to the audit engagement under
consideration.
If per chance the CFO fires Willie he would have no choice but to bring the matter up to the outside
auditors as a
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Yggdrasil Gaming Growth Continues With Arrival Of New Cfo
Yggdrasil Gaming growth continues with arrival of new CFO
It can be argued that no other online casino software developer in the world had a better 2015 than
Yggdrasil Gaming. Shaking loose the up–start tag, what the company was able to do is hit several key
milestones. With 2015 now in the rear view mirror, it seems that Yggdrasil Gaming is carrying through
the momentum. Not only has the brand signed major agreements with the likes of Monte Carlo Casino,
Expekt, and BetClic in 2016, but they have now also announced a major corporate move. In a fresh
change, Frida Gustafsson has been appointed as the new Yggdrasil Gaming Chief Financial Officer
(CFO).
What is making the appointment so noteworthy is the sheer amount of experience that Gustafsson brings
to the table. During the past six years he has been a key figure at NetEnt, serving as an auditor. Yggdrasil
Gaming has been rising rapidly as of late, which has meant the need to call on more experience to handle
the brand's emerging corporate structure. In the eyes of analysts Gustafsson is joining the company at just
the right time, as Yggdrasil Gamimg looks to be on the very on an expansion spree.
Speaking on his acceptance of the new role, Frida Gustafsson said, "Everyone in our industry knows
about Yggdrasil, and from what I've seen already there is an opportunity for massive growth over the
coming years. I look forward to being a part of the company's on–going success story". Fredrik Elmqvist
(Yggdrasil Gaming Chief

The Facts And Traits Of A Cfo
The Facts and Traits of a CFO
Extra Credit Assignment
Joshua T Pancone
Monroe County Community College
Abstract
This report will focus on the main topics and concerns about CFO's. First, we will focus on the history of
the CFO. How the CFO came to be a reality and how different the position is today from fifty years ago.
Second, what does the CFO really do? What time of jobs CFO's have to take on everyday? Third, what
are the attributes a person needs to have in order to be a successful CFO. Lastly, we will look at some of
the highest paid CFO's that we have in our country today. This reports purpose is to shed some light on
the CFO and the importance of their jobs in the business industry. I was unaware on how much a CFO
actually does until I actually did some research about them. I have gain a new respect for them after
reading how much time and effort they have to work in order to run a successful business.
The Facts and Traits of a CFO
How CFO's came to be
For some reason, business in the early 1900's didn't seem to care about their finances and record keeping
nearly as much as we do today. People didn't start realizing this until around the 1960's. Before the Chief
Financial Officer was even thought about, most companies had a "Financial Manager". They kept track of
the financial records and handled the taxes but that was about it.
In the 1970's, the SEC and the FASB were considering making accounting and financing regulations more
important in the business

Camellia Moses Umu Biography
Dr. Camellia Moses Okpodu, Professor and former Chair of Biology at Norfolk State University (NSU),
is the director of both the NSU Defense Intelligence Agency's designated Intelligence Community Center
for Academic Excellence (DIA designated IC–CAE) and the Group for Microgravity and Environmental
Biology (GMEB). She has a Ph.D. in Plant Physiology and a minor in Biochemistry from North Carolina
State University (Raleigh, NC). Before joining NSU, Dr. Okpodu was the Marshall Rauch Distinguished
Professor of Biology at Elizabeth City State University (Elizabeth City, North Carolina). She has more
than 18 years of experience as an administrator and over 23 years of experience as both a program
director and a research scientist. She has served as a project director on a number of research initiatives
involving both high school and undergraduate students. ... Show more content on Helpwriting.net ...
Dr. Okpodu has served as an educational consultant to governmental agencies, private foundations, public
school divisions, and institutions of higher learning. Dr. Okpodu is a "STEMotivator and Edu–tainer." She
enjoys sharing with others her passion, purpose, persist model for resilience. She is a member of the
Sigma Xi, Beta Kappa Chi Scientific Honor Society, the American Society of Plant Biology and the
Ecological Society of America. She has worked on interdisciplinary projects with the government and
with the private sector. She is currently working on projects with Virginia Tech on understanding how
plants respond to climate change and Old Dominion University via the University of North Carolina's
Coastal Resilience project, which aims to have an understanding how minority communities respond to
the

A Policy Statement : Advance Beneficiary Notice
A. Policy Statement: Advance Beneficiary Notice (ABN) must be provided in accordance with Medicare
requirements. ABN's must be obtained from the Medicare patient or his/her authorized representative
prior to providing any services that may be denied by Medicare. Hospitals must bill Medicare for
medically necessary services and obtain an ABN for outpatient services that are not medically necessary
according to Local Coverage Determinations (LCD) and/or National Coverage Determinations (NCD),
except as otherwise noted in this policy.
B. Purpose of Policy: To outline the use of the Medicare ABN for laboratory tests, procedures, and other
medical services that the provider believes will be deemed as not reasonable or necessary under the ...
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Individuals involved in the ordering of the services must review the patient's diagnosis, signs, symptoms,
disease ICD–9/ICD–10 CM for medical necessity to determine if an ABN is necessary.
The procedure may only be paid for a limited number of times within a specified time period, and the
service or test may exceed that time limit (e.g. vaccinations).
The procedure is for investigative research or experimental use only.
The patient requests a more intensive service or test that is deemed to be medically necessary by the
provider.
2. Obtaining an ABN of Non–Coverage: The ABN must obtained prior to rendering the non–medically
necessary services.
The facility must complete an ABN form with all the information. The patient must sign only after all
information is completed.
ABNs must be obtained a beneficiary nor the beneficiary held financial liable for when payment for an
item or service is bundled or packaged into another payment under the Medicare Prospective Payment
System.
Providing a generic, blanket/blank ABN is prohibited. There must be specific reason to believe Medicare
may deny the procedure.
The facility must be explained and delivered to the patient by knowledgeable staff prior to delivery of the
procedure, and the staff must answered any questions prior to the procedure.
The ABN must be delivered far enough in advance so that the patient can make an informed choice to
have the procedure.
If the beneficiary refuses to sign the ABN

Why Is A Financial System Important?
Why is a financial system important to an HCO; does a budget really make a difference? The HCO is
undergoing many exciting changes that affect how the HCO operates. There are technological Electronic
Health Records (EHR) and Electronic Medical Records (EMR) upgrades, payment, and system billing
changes and practices, and quality improvement measures. The swift changes in healthcare include costs
that require a financing system. Kenneth White and Allen Griffith inform "The financial plan is a reality
check for the HCO organization" (433). A finance system records and reports HCO transactions. The
recorded transactions are useful to set and achieve performance improvement measures. As performance
improvement goals are reached, new financial opportunities are analyzed to help the governance board
make financial arrangements. Additionally, a finance system provides an arc of safety "to protect assets
and resources from theft, waste, loss and distortion" (White and Griffith 415). With this knowledge, it is
important for each department to account for their expenses to keep the HCO in the positive financially.
This takes time and effort to research, analyze, and forecast where funds should be allocated in the present
and future. All stakeholders, including clinical professions, Chief Executive Officers (CEO), Chief
Operating Officer (COO), and Chief Financial Officer (CFO), administration, governance board, and
community play a role in balancing the financial

A Case Study In Corporate Fraud
Back in the 1990's, HealthSouth became one of the largest healthcare service providers nationwide, with
the earnings over the billions through several years. Due to the large investments made, it brought on the
temptation of "cooking" the books to move money around to places it should not be. Management then
began to put a plan together, to move small amounts at a time, so as not to be detected. "It was reported
that HealthSouth was overstated investments by almost 5 billion, which made the average journal entry
around $2,500." (HealthSouth: A Case Study in Corporate Fraud – Arxis Financial, Inc.) Now I will
explain further how the corruption occurred and the consequences of that end result. There were several
people involved in the corruption plan of the largest healthcare services. One being the bookkeeper, Mr.
Vines, who looked over the balanced sheets to see if any ... Show more content on Helpwriting.net ...
(HealthSouth: A Case Study in Corporate Fraud – Arxis Financial, Inc.) Mr. Livesay stated his
participation was a one–time thing and could get easily corrupted, but later on became a willing
participant. As an end result of his actions, he was put on a six month house arrest and ordered to pay
$760,000 in criminal forfeitures and fines. (HealthSouth: A Case Study in Corporate Fraud – Arxis
Financial, Inc.) Mr. Crumple, VP & Division Controller, would attend meetings in order to find out where
to fake postings in the journals. He would then instruct the accountants to put the fake entries into the
company's books. (HealthSouth: A Case Study in Corporate Fraud – Arxis Financial, Inc.) Eventually he
moved money to a company called Source Medical to look like a real investment. For his involvement he
received 8 years in prison and a fine of $1.4 million dollars. (HealthSouth: A Case Study in Corporate
Fraud – Arxis Financial,

Chief Financial Officer Key Responsibilities Paper
Our company will operate in a functional management structure, with each of the founding members
assuming one of the following C level position. Initially, all employees outside of the member team will
be independent contractors that report to the COO. Specific role responsibilities will be noted in the
implementation and monitoring plan later in this business plan. The following are the broad
responsibilities of each role. The details of these key roles are common knowledge within business field,
however SHRM uses some of the wording used below: CEO Chief Executive Officer Key
Responsibilities: 1. Collaborates with members to develop and establish to key resources needed to
achieve operational goals. 2. Establishes and drives business ... Show more content on Helpwriting.net ...
Responsible for establishing timely and complete reporting of the effectiveness and the operational
condition of the company. 4. Responsible for all human resource activities, including forecasting human
capital needs, establishing compensation and benefit packages as Well as the full cycle of employment
from recruiting to termination with direct and contracted employees. 5. Responsible for creating
employee job descriptions, company policies and procedures (Shrm.org, 2015). CFO Chief Financial
Officer Key Responsibilities: 1. Plan, develop, organize, implement, direct and evaluate the organization's
fiscal function and performance. 2. Analyze and advise on the impact of long range planning, introduction
of new programs/strategies and regulatory action. 3. Provide timely and accurate analysis of budgets,
financial reports and financial trends in order to assist all C–Level members of the LLC in performing
their responsibilities. 4. Provide technical financial advice and knowledge to others within the financial
discipline. Including, providing yearly 1099–MISC forms to independent contractors. 5. Provide strategic
financial input and leadership on decision making issues affecting the organization (Shrm.org, 2015). CIO
Chief Information Officer Key

Corporate Governance And Corporate Disclosure Essay
Corporate Governance
The primary emphases of the SOX are to enhance the quality and transparency of corporate disclosure
and force changes in the auditing of publicly traded companies. The first thing that SOX has an
improvement is on the responsibility of company's financial reports and disclosure which is connected
with the section 302. The act requires the manager to certify the accuracy of the financial statement
personally. If the chief executive CEO, chief financial officer CFO or other top manager knowing or
willfully makes a false certification, he would be face 10 or 20 years in the prison. Also, if the company
had the accounting restatement due to the manager's misconduct, he still has to give up the bonuses or
profits made from selling the company's stock.
Another major change is on the auditor side. The SOX gets a increase in the audit committee's
independence form the company and its responsibility regarding the company's auditors. The audit
committee receives large and wide leverage in the overseeing the company's chief executive CEO, chief
financial officer CFO or other top managers' accounting decision. Also, the audit committee member must
be independent from the top management and have the responsibility like approving many audit and non–
audit services.
What's more, the control is required for the public companies. the section 404 ask the company to perform
the extensive internal control tests. Which include an internal control report of annual audits.

Kantian Ethics: The Wounded Warrior Project
So many people put their lives on the line for the sake of this country. It would be nice if, after all the
damages they suffered, there was organization that could help them recover that bit of life they lost in
war; that would not mislead them with false promises, or squander their money. The Wounded Warrior
Project (WWP) has been one of the best–known organizations providing assistance to Iraq– and
Afghanistan– war veterans for the last several years. But as time has gone one the organization has broken
down, and is lately the focus of negative media attention after it CEO, Steven Nardizzi and COO, Al
Girodano, who were accused of lavishly spending over $800 million in donations to the WWP. The
following paper therefore analyzes the background ... Show more content on Helpwriting.net ...
And the chief financial officers, as part of that organization, also had a duty to uphold the prerogatives of
the organization. –––––––––––––– From the vantage of the organization, its lack of financial controls and
oversight posed a major risk, not only to veterans that it served but to the organization as a whole. And, in
fact, the lack of any such controls in place ultimately undermined the good–and the successes–of the
organization, over time. –––––––––––––– While it is still unclear whether WWP management ever
discussed putting such controls in place, and while it is also unclear whether the conspicuous absense of
these controls from the organization was, in fact, intentional–this oversight, intentional or not, implied a
gross neglect of the WWP's duty to the receivers as well as providers of its service. The reason for this is
clear: if a non–profit organization promises to take money from donors for the sole purpose of funding
rehabilitation programs for veterans of war, then proper safeguards should be in place to ensure, in fact,
the money is going where it was promised to go. Or likewise, there should proper safeguards in place to
ensure no member of non–profit organization, itself, could then take those donations made in good
conscience and then spend them as they will.

Explain The Organisational Structure Of Dosh
This is the organisation structure of GOSH which explain the management which is the chief executive
called Dr Peter Steer which keeps control over the executive team; Dr Vin Diwakar, Medical Director
who main responsibility is to provide a good and strong leadership in the improvement of clinical
research his responsibility might also be to make a strategic programmes for the future to improve GOSH
e.g. he might suggest to make some event to collect money for more rooms in hospital to help more
children because the hospital has not enough places and the number of children which need help
increases. Juliette Greenwood, Chief Nurse ; CNOs have a responsibility to ensure that all the nurses are
working efficiently in order to help and make welcome the chirdren.He is a leader for all the nurses and
nurse managers, facilitating the design of the hospital to make it more friendly to children e.g. colourful
for children to feel more welcome and happy. So his responsibility is to the delivery of patient care,
recommending strategies to improve services. Dena Marshall, Interim Chief Operating Officer; She talks
on the meeting and inform the CEO what is happening in GOSH and is responsible for everything what
happen in the GOSH so every important information is inform to her. Claire Newton, Chief Finance
Officer; Claire responsibility is to keep control over the GOSH finance to make sure that all the
investments are spend it correctly because she is deciding where the

Business Case Study: Trasnsmile Froup Berhad
Background
Trasnsmile Froup Berhad is a Malaysia–based investment holding company which provide air
transportation and related service, and principally involved in aircraft engineering, flight maintenance
service and provision of air freight. Besides that, it also provided express distribution and logistics
management services, an also the aircraft leasing services as well. The clients of the company consist of
well–established international companies such as DHL Wordwide Express,United Parcel Servce, Nippon
Express and POS Malaysia Bhd. The airline was established in November 1993 which founded by Gan
Boon Aun. After that, in 27 June 1997, Transmile was a corporation isted on Bursa Malaysia. The Kuok
Group had earlier in March 2004 invest ... Show more content on Helpwriting.net ...
The former CEO and the Executive Director were charged by the court for the submission of misleading
financial statement to the Bursa Malaysia. In 28 October 2011, the Kuala Lumpur Sessions Court found
two former independent directors of Transmile Group Berhad guilty under section 122B(b)(bb) of the
Securities Industry Act 983, for misleading the unaudited company financial statement to Bursa Malaysia
in group quarterly report. The Securities Commission withdrew the charge against Lo, the former chief
financial officer of Transmile after he paid the RM700,000 compound. The SC also offered compounds of
RM500,000 each to the two non–executive directors of Transmile for knowingly permitting the making of
misleading statements to Bursa Malaysia. Besides that, Bursa Malaysia also reprimanded Transmile and
four of its Directors for breaching the Listing Requirements pertaining to timely and accurate disclosures
of financial information. The news had released to the public and the share price was fall from its peak of
around RM14 to around RM8 in the early May 2007. According to Singapore Business Times, most of the
selling of shares was came from disgruntled foreign investors. The share price drop had resulted in
substantial wipe out of its market capitalisation. In July 2007, the company announced the winding up of
its

My Professional Field Is Accounting Essay
1. Explain why this topic interests you and is related to your area of study or professional field.
My professional field is accounting, I've been working as accountant nearly 10 years now. My carrier start
as assistant of accountant. To become "Accountant" I took long way to come. First of all I started study
book keeping certificate, it's challenging for me. Working and study hard wasn't easy, took me two years
to take the certificate. Afterward, I joined accounting firm. At the accounting firm, I met Tax accountants
as my managers. They did brilliant job, I couldn't believe how they can handle that much amount of work
at one time. And it's has to be accurate. I learned a lot at the accounting firm, had certificate without
actual job training can't be real accountant. We definitely need on the job training. It's hard work at the
firm, maximum 60hours overtime work a month. I did two years as training period of my accounting
carrier, then I got new job which doesn't have overtime work since I want to study to persuade my carrier.
My carrier goal is to become manager in five years and I want to be CFO. So learning accounting
knowledge is must for me, also I need certain amount of accounting credit to be eligible candidate of CPA
exam qualification.
2. Research this topic and write an essay that incorporates information from 3 different sources.
What we need to do as accountant, its diversity assignment to do. From daily booking to monthly close,
tax calculation and audit.

The Role Of Chief Role Of Chief Financial Officer
GC3 was established with the purchase of fourteen Coffee Hut stores in Columbus, OH, by three former
Coffee Hut associates. Over the next few years, GC3 expanded into Cincinnati and Cleveland, but have
kept Columbus as their regional headquarters. Moving forward, GC3 grew with the purchase of Great
Scoops and DaDeli. Due to this extreme growth, and the need for centralized decision making, most of
GC3 staff will reside at the company's headquarters, aside from store managers and administrative staff.
With the continued growth, it is important to develop a corporate structure. The three forerunners of GC3
are Tony, Bruce and Bonnie. Tony has taken the role of Chief Financial Officer. To be successful, Tony
will need to build a team to meet the demands of the entire organization. Since Tony works at
headquarters, a proposed IT and Accounting group will report to him. These added responsibilities will
create a need for Tony to have one main direct report, a Finance Manager. The Finance Manager will
directly manage the newly added IT department and Accounting department. Since headquarters will be
responsible for all accounting functions throughout the organization, an AP/AR clerk will directly report
to the Accounting and Payroll Specialist. With the many new proposed software additions, an IT person
will be needed. IT will reside at headquarters and have the capabilities to remotely access all PC's at any
given time to monitor and troubleshoot technology issues.
Compared to

Role Of The Financial Manager On Today 's Business World...
The role of the financial Manager in today's business world has been rapidly changing. The change is
fuelled by technology innovation in particularly, digital technology and increasing information processing
power. Since the financial crisis in 2008, firms have been working to restructure their operations as a
means of survival. This has led to the modification of many management roles, more so the role of the
Chief Financial Officer (CFO). As a means for survival, firms started by cutting on costs, becoming more
lean and efficient. However, today there is no more room for cutting on costs and firms have been looking
to growth as a way to increase profitability. Growth comes with new uncertainties and challenges which
financial managers have to consider when making their financial decisions. These new macroeconomic
challenges facing the finance function include: Regulation, Globalization, Technology, Risk,
Transformation, Stakeholder management, strategy, reporting, and Talent and capability. This paper will
provide an analysis and evaluation of the challenges facing finance managers in a changing
macroeconomic environment, the changes firms are making to the Chief Finance Officer's role, the impact
these changes are making to the firms' performance and how these changes impact the role of financial
managers and the consequences of the changes CFOs make to curb these new challenges.
Introduction In the past, financial managers' responsibilities mainly

Pros And Cons Of Tesco
On September 22, 2014 Tesco, the most dominant supermarket in the United Kingdom, confessed that its
earnings for the half year finishing on the 23rd of August 2014 were exaggerated by an expected £250
million. Stocks of Tesco tumbled to a 11 year low, wiping out nearly £2 billion from Tesco's worth. Four
best officials were suspended including its UK managing executive and a research covering the four past
bookkeeping years was started by Tesco .With everything taken into account, another scam including
errors in the financials of one of the biggest and most believed associations on the planet surfaced and
once again investors have lost money, bringing up some major issues on corporate administration,
monetary reporting practices, internal controls and audit guidelines. (Gagan Kukreja and Sanjay Gupta2,
2016)
There were cautioning signs that commercial revenue was a risky area. L'Oreal, one of the world's biggest
beauty care products organization, was known to have warned Tesco with legal action and withdrawal of
its items from Tesco outlets ... Show more content on Helpwriting.net ...
The email expressed to the financial team that "You should be in no doubt as to the seriousness [of] miss
declarations" and said that accounting for profits early was forbidden "where [the profits] cannot be
justified" (Kamal Ahmed, 2015)
In 2013/14 year–end review, PwC had brought up issues about "Commercial Income Accounting". They
enquired how they documented commercial investments from suppliers .This enquiry was the third time
that they had raised this issue with Tesco, however the organization's review board had inferred that this
area was not of any concern. Senior staffs at Tesco were pressured heavily to meet targets and this may
have propelled them to change figures to meet targets. (Gagan Kukreja and Sanjay Gupta2,

case 13 Essay
CASE 13–BLOWING THE WHISTLE:ACCOUNTINGPRACTICES AT GLENFAIR ELECTRONICS
Background overview Bob Schein, is a vice president of human resources at Glefair Electronics, as a
listed company, Glenfair was required by the securities and exchange commission to issue public sales
and profit forecasts Glenfair Electronics had over 10,000 employees and a reputation for producing high–
quality electronic components used in a number of manufacturing applications.the company had begun to
experience a slowdown in product demand. And their share price had declined as well in the last year and
a half. Anwar patel joined Glenfair after completing his digree in accounting five years ago,for the past
three years,partel had been preparing Glenfairs ... Show more content on Helpwriting.net ...
First of all.we need to really to confirm that has beatty hostile toward patel's. we need find a solution so
that patel's and beatty can work together and have a good relationship. have to ask petel's to address the
issue directly with Beatty.it may be difficult but necessary. is to adequately communicate what the issue is
and to give a very specific example. if the issue continues. Schein should help with the issue that partel's
had with beatty.Schein need to have a meeting for both of them to discus what is their problem really is.
By listened intently. Schein have to make a decision to fired beatty or let him stay in the company.
Question 3 What right and protections do whistle–blowers have in the workplace today? You are
protected under the law if you reveal to those in positions of authority, or 'blow the whistle on' suspected
malpractice at work. It is in the public interest that the law protects whistleblowers so that they can speak
out if they find malpractice in an organisation. Blowing the whistle is more formally known as 'making a
disclosure in the public interest' so it is important you can do so knowing that you are protected from
losing your job or being victimised as a result of what you have uncovered and made public.safe.
4.RECOMMEDATIONS Mr.Schein have to meeting with new cfo who is mr beatty as a replacement for
mr patel to change their approach towards the

Corporate Controllers Are Responsible For The Accounting
According to AccountingTools (n.d.), corporate controllers are responsible "for the accounting operations
of the company," including: the development of recurring financial reports, "maintenance of ... accounting
records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy
of ... reported financial results, and ensure that reports results comply with ... financial reporting
standards" (para. 2). In other words, controllers are the chief accountants in their organizations. Besides
their basic daily accounting functions and managing the accounting staff, controllers must maintain
internal controls and assume expanding responsibilities in their firms to reflect the changing roles in the
controllership position.
In a typical midsize or large business, the accounting department will usually have accounting clerks,
payroll clerks, staff accountants, senior accountants, an accounting manager, and other accounting
positions (e.g., accounts payable clerks, accounts receivable manager, etc.). However, most accounting
departments of midsize or large corporations will be led by a controller or someone with similar
responsibilities (e.g., finance director, etc.). Controllers are essential to a company's back office
operations. For instance, they are responsible for the timely completion of payroll, manage the daily
functions of accounts payable and other cash disbursements, comply with government reporting and tax
requirements, and ensure the

Audit Knapp Answer
CASE 8.1
LIVENT, INC.
Synopsis
Similar to most financial frauds, the Livent, Inc. fraud was masterminded by a few individuals, primarily
Garth Drabinsky and Myron Gottlieb. However, numerous individuals were eventually drawn into
Livent's fraudulent schemes by its principal architects, including Maria Messina, the company's chief
financial officer (CFO). Messina, a former partner with Deloitte & Touche's Canadian affiliate, had
previously served as Livent's audit engagement partner. The fraud unraveled following Livent's takeover
by an investment group led by Hollywood mogul Michael Ovitz. The new management team installed by
Ovitz soon found that "massive, systematic irregularities" permeated the company's accounting ... Show
more content on Helpwriting.net ...
10. The "accounting manipulations" used by Livent officials included simply erasing expenses and
liabilities from the company's accounting records, improper deferrals of major production costs, and
capitalizing common operating expenses.
11. In August 1998, Messina and four of her subordinates revealed the fraud to a Livent executive who
had been appointed by Michael Ovitz.
12. In June 2001, a U.S. federal judge ruled that a class–action lawsuit filed against Deloitte for its failure
to uncover the Livent fraud could proceed since there was a reasonable likelihood the audit firm had been
reckless in auditing the company. Instructional Objectives
1. To emphasize the need for auditors to identify the key inherent risk factors posed by an audit client.
2. To illustrate the lengths to which client management will sometimes go to misrepresent its company's
operating results and financial position.
3. To examine the issues raised when independent auditors accept key accounting positions with former
clients.
4. To illustrate the difficulty of uncovering sophisticated financial frauds masterminded by top client
executives.
5. To emphasize the need for auditors to thoroughly investigate suspicious circumstances and transactions
discovered during an audit engagement.

Suggestions for Use
In responding to Question #1, students are required to identify the

Example Of Sqwidnet Network
For being South Africa's fast growing loT network– SqwidNet
Launched in 2016 as a licensed Sigfox operator in South Africa, SqwidNet network offers low–cost
access to Internet of Things (loT) solutions and operators in South Africa, creating opportunities for
businesses to create innovative solutions. SqwidNet's Sigfox network enables low–cost, low–power, and
secure connectivity for IoT data transmission upon which IoT devices, platforms, applications, and
solutions can be developed.
The company's common stock is 100% owned by DFA, the premier open–access fibre company. The
SqwidNet network gives nationwide coverage for IoT, allowing millions of sensors and devices to send
small packets of data for analysis, immediate action, and record ... Show more content on Helpwriting.net
...
That is where Outsourced CFO comes in with the business expertise of a passionate Chief Financial
Officer, or CFO, tailored to one's strategy and budget.
Outsourced CFO provides integrity and professional excellence in financial consulting for ambitious
SME's. Succeeding through uncompromising quality and industry thought leadership, the company aims
to help clients rethink, automate and scale their companies in the pursuit of business prominence.
As entrepreneurs themselves, Outsourced CFO understands the important role finances play in the success
of a business. Sound financial planning and management enables businesses to grow and flourish, while
the lack of adequate planning could spell inevitable failure.
The CFOs have helped many emerging companies realise triple digit growth rates and have helped raise
millions in seed and growth finance for SMEs. Outsourced CFO offers its services in three packages,
Performance (8 hours per month), Growth (16 hours per month) and Eminence (32 hours per month).
In 2017, the company announced the launch of its latest eBook, What Your CFO Needs to Know about
Outsourcing Software Development. The guide features exclusive information from its president, Andy

Chief Executive Officer Compensation in the Financial...
The issue of chief executive officer compensation is the subject of dilemma in the United States. This
dilemma often triggers questions as to who decides what compensation is rewarded, as well as how
compensation is rewarded. The government strongly resents the current pay–ration between CEOs and the
average salary of American citizens. Since the financial crisis, people have shown their displeasure with
the hefty compensation chief executive officers receives. But when stunning management failures and
unprecedented destruction of shareholder value are brought into the light, it becomes increasingly difficult
to defend current executive remuneration policies with these economic underpinnings. For example, the
"Occupy Wall Street" movement began in 2011 in protest of the increasing disparity of wealth among
other reasons lying within corporate America. The peak of CEO compensation came in 2001, and it is still
difficult to argue whether the financial crisis of 2008 or the change in compensation strategy has slightly
stagnated the exponential growth the started in the mid 1970's. The sentiment around the problem is
whether the large banks' CEO compensation are fair to their employees, shareholders, and the community
as a whole. There is a plethora of steps to comprehend in developing how the CEO compensation debate
came about. The reasons for this growth rely on bank deregulation. During difficult financial times after
the mortgage crisis, arguments both for and against

Diamond Foods Accounting Scandal
Diamond Foods Accounting Scandal
BACKGROUND:
Founded in 1912 as a walnut grower cooperative, Diamond Food's primary business involved buying
walnuts from local California growers, processing the product, and reselling it. The San Francisco–based
company converted from a cooperative to a public corporation in July of 2005, issuing its initial shares for
$17. By 2010, Diamond Foods (DMND) had expanded and acquired a number of snack food companies
including Kettle Brand® Chips and Pop Secret® popcorn and was negotiating the acquisition of the
Pringles brand from the Procter & Gamble Company (Diamond Foods, 2014). The addition of the
Pringles brand would make Diamond the second–largest global snack foods company behind PepsiCo,
Inc., ... Show more content on Helpwriting.net ...
The details of how these costs were pulled apart and separated will be further explained in the following
section.
From the beginning Diamond had put a focus on the commodity walnut market. The company had forged
strong relationships with the growers of the nuts and held pride in continuing the positive relationship
throughout the future of the company. So as the growers began to hand down larger costs, Diamond
needed to find a way to ensure that the growers got the full amount they were seeking in order to keep ties
strong and avoid the growers leaving Diamond for one of its competitors, while also continue to meet the
earnings per share (EPS) expectations. According to the case filed by the SEC in 2014, "In February
2010, Diamond CFO Neil instructed members of the Finance Team to adjust the walnut costs to hit an
EPS target for the second quarter. "Members of the Finance Team provided Neil with a walnut cost
estimate that would result in reported EPS that would be higher than the consensus analyst of estimated
$0.47 per share for the quarter" (SEC, 2014). However, the growers were not satisfied with this method of
determining prices and threatened to leave Diamond if full costs were not received. Neil determined a
way to close the gap through "continuity" or "momentum" payments. This technique allowed Diamond to
pay the full amount that the growers were giving, but separated the costs out. Diamond only the portion
on the financial

The Marketing Strategy Of Zumiez Inc.
Zumiez Inc. history started off with the owner of the business wanting to do anything he could do to give
back to his community. When Zumiez was first created their target market was in action sports retailing,
when they really started making more money they started giving back in an even bigger way to 13 charity
organizations in Snohomish County, Washington by purchasing jackets, flannels shirts and blankets to
give away to those who couldn't afford it. Up until that point Zumiez was a private company until their
launch in the spring of 2005. By the time we hit 2012 Zumiez had already donated over 180,000 items to
over 180 organizations in 21 states helping more than 60,000 men, women, and children. Tom's
philosophy of business and life has been there motto since day one. "We help our employees to become
successful, which makes the company successful. This in turn allows us to use that success to help others
and to develop our employees into community leaders on issues that matter to them". As Tom always
says, "it's about the leverage– creating it and using it for the benefit of others, and in the process, of
ourselves"
Zumiez is a multi–channel specialty retailer of action sports related apparel, footwear, accessories and
hardgoods for young men and women. As of January 31,2015 there are 603 stores; 550 in the United
States, 35 in Canada and 18 in Europe under the names Zumiez and Blue Tomato. They support the action
sports lifestyle and promote their brand through a

The Financial Health Of Universal Health Services
Introduction – Financial Statement Analysis
This paper will provide an analysis of the financial health of Universal Health Services (UHS). First, this
paper will suggest a key insight about the financial health of Universal Health Services, as well as my
reaction to its financial statements. Next, it will identify the current industry trend that has the most
significant impact on Universal Health Services' financial performance. Furthermore, this paper will
indicate the trend's impact on the financial performance of the organization. As the Chief Financial
Officer, I will suggest at least one way that we might minimize the impact of the trend on the
organization. Also, it will suggest one key strategy that we might use to improve the ... Show more
content on Helpwriting.net ...
1). Clearly, we have a broad mission with ever growing capacity to provide healthcare to our patients. A
key insight about the financial health of UHS is that we are performing extremely well. According to our
latest financial statement, we are ever improving our numbers. Our net revenues continually increased
from $4,900,147 in 2010, to $8,065,326 in 2014. Furthermore, our total assets grew during this same
timeframe from $7,527,936 to $8,974,443, resulting in an impressive reduction of our percentage of total
debt to total capitalization from 66% to 51% (UHS Annual Report, 2014, p. 41). Given our investment in
several new facilities in 2014, we continue to see this sustained growth in light of those investments as
impressive and an indicator of a truly a healthy organization.
Reaction to Financial Statements
I speculate that our employees, investors, and shareholders will be very pleased with our financial health
as reflected in the latest financial statement discussed above, and react in positive ways. The employees
benefit by the increase in revenue in the form of bonus and raises, of course based on their performance.
The investors will react equally positively since we have expanded our investment portfolio by acquiring
and opening new hospitals. Similarly, our shareholders will see the return on

A Research On Meadow Hills Hospital
Meadow Hills Hospital is a two hundred bed hospital with a large Medical Staff that serves a population
of three hundred thousand. It is one of four similar hospitals in the region. They do not currently have an
EHR, but they're financial systems are well developed. They have a good amount of money in reserve to
spend on any solution they feel is needed. Historically, their IT function has reported up through the Chief
Financial Officer. This has led to their financial systems being well developed. But, their Clinical systems
are significantly less developed. Clinicians have been ok with this arrangement. Not having more
advanced clinical systems has allowed them to develop and maintain processes that they are comfortable
with. This is a comfort for the clinicians, but is likely costing the organization money as records are paper
based, not electronic. Also, as they have no CPOE installed, they are not performing the safety checks,
such as drug interaction that can come with those systems. This is placing an unnecessary risk on patients.
Developing an IT Strategy for Meadow Hills Hospital would likely revolve around bolstering the clinical
side of IT. An IT Strategy would assist the organization in knowing how and where to invest the money
stored in their reserves. This can also ensure that their IT goals are in line with their overall organization
goals. As they are currently organized, IT reports up to the CFO. This is a formula to ensure that IT goals

SEC Complaint
"Investigations should be conducted by audit committees rather than management if there is any
possibility of the involvement of top management or the matter may be embarrassing to the company. In
general, it is preferable to use independent counsel to conduct an investigation." – Frederick D. Lipman
and L. Keith Lipman, Corporate Governance Best Practices Strategies for Public, Private and Not–for–
Profit Organizations, p. 197 (Wiley Best Practices, 2006)
"At most, the complaint expressed a wish that the investigation had proceeded more quickly. That does
not support a finding that [the Audit Chair] was grossly negligent. Taking the allegations of the complaint
as true, the Court concludes therefore that the complaint does not allege sufficient ... Show more content
on Helpwriting.net ...
AgFeed went public in October 2006, raising over $95 million between December 2007 and June 2009.
Proceeds allowed AgFeed to expand operations and purchase 29 Chinese hog farms. Later, accounting
improprieties surfaced at AgFeed and internal investigations ensued [See In re AgFeed USA, LLC, et al.,
546 B.R. 318 (Bankr.D.Del.2016) (The "Trustee's Claims")]. After the fraud was disclosed, the company
prepared a draft restatement which showed the revenues were overstated by approximately $239 million
during a three and one–year period, ranging from 71% to 103% annually [See SEC Complaint ¶20]. The
restatement was never completed because the company filed for Chapter 11 bankruptcy protection six
years after listing on NASDAQ. Its major assets were sold, and the company was dissolved in 2014 [See
Findings of Fact, Conclusions of Law, and Order Confirming the Debtors' Revised 2d Amended Chapter
11 Plan of Liquidation, Case No. 13–11761 (Bankr.D.Del.2014) (the "Bankruptcy Plan") available at
http://www.omnimgt.com/cmsvol2/pub_46718/526404_1535.pdf, (last visited

Hsm 541 Week 6 You Decide Recommendations Memo
HSM 541 Week 6 You Decide Recommendations Memo
Purchase here
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Product Description
You have been the CEO of Middlefield Hospital for 2 1/2 years and finally resolved the workforce
challenges that plagued the hospital when you first arrived. In a recent meeting, the chief financial officer
(CFO) indicated that the financial performance of the hospital has been deteriorating over the last 6
months. The hospital is not meeting its budget and he is concerned about the future. The new facility
across town has continued to cut into Middlefield's market share by admitting more patients. The number
of admissions to Middlefield Hospital is declining each month, and ... Show more content on
Helpwriting.net ...
There are little reliable utilization and reimbursement data available. No one at Middlefield Hospital is
assigned to manage these contracts or maintain ongoing relationships with managed care companies. The
Joint Commission survey is scheduled for next year, and there are significant problems with the hospital's
quality improvement program. The health plan offered to employees is getting more expensive each year.
In fact, the costs are increasing at a rate of 20% each year. This is adding significantly to the hospital's
operational costs. The inpatient mental health services and neo–natal intensive care unit continue to lose
money for the

Interview With Chief Financial Officer Essay
Interview with Chief Financial Officer
Carolinas Healthcare System is a large not for profit health care system, with over 40 hospitals across 900
locations in North and South Carolina. Carolinas Healthcare Pineville is one of the acute hospitals within
this large organization (CHS, n.d.). It takes integration, coordination and planning to operate a profitable
facility in this current climate. P. Hiltz contributes to this coordination and planning for Carolinas
Healthcare Pineville. During an interview conducted on October 28, 2014, P. Hiltz shared his background,
roles and responsibilities, budgeting practices and concerns for the future, as it relates to CHS Pineville.
He also shared his predictions of future occurrences, as it relates to nurses. Chief financial officers are
currently facing many challenges as it relates to planning a budget. P. Hiltz also elaborated on these
challenges.
Educational Background and Experience Related to this Role
P. Hiltz is a graduate of NC State University, with an undergraduate degree in engineering. He became a
member of the Air National Guard and worked in logistics, which he stated (personal communication,
October 28, 2014) prepared him for his current role. He later obtained his Masters in Healthcare
Administration from MUSC, which led to his employment at CHS Pineville in 2009.
Current Title and Role Responsibilities
As the Assistant Vice President of Administration, P. Hiltz (personal communication, October 28, 2014)
has

White Collar Crime Is Now Becoming More Widely
Introduction
In today's society, white collar crime is now becoming more widely known because of the advancement
of technological devices and brilliant minds. In fact, over 730,000 counts of suspected financial
wrongoing were recorded in America last year, according to recent data from the Treasury Department 's
Financial Crimes Enforcement Network (The Economist, 2009). White Collar Crime is a term reportedly
coined in 1939–is now synonymous with the full range of frauds committed by business and government
professionals including one of the many called "Check Kiting" (FBI, 2010). White collar crime is
described by the federal bureau investigation (FBI) in three words: Lying, cheating, and stealing which is
exactly the kind of people that Scott in this case analysis has to deal with. In this case, the Operations
Manager, Scott at a small bank has the duties of overseeing transactions and defining clients who use bad
checks. While going through the daily routine, he finds that his wife's friend, who is the chief financial
officer of the bank, appears to be involved in check kiting. According to the business dictionary, check
Kiting is a form of check fraud, in which checks are issued against funds that a bank has credited into an
account for deposited, uncleared checks. With careful timing of deposits and withdrawals, this scam can
be turned into a large sum. Furthermore, In addition to knowing the suspect, Scott also is aware the CFO
is also involved in an unsteady

Ficer Of The Corporate World
In the corporate world, there is often room for error. There are procedures, policies, and regulations to
follow in every department. and there must be someone to oversee these policies. This person is known as
the Chief Compliance Officer. Brad is the Chief Compliance Officer, or CCO, of Investors Group. As he
says, he's the police officer of the corporate world. By law, a firm like Investors Group, an investment
fund manager and portfolio advisor must have a CCO. The main duty of the CCO is ensuring that the firm
is following all regulations as an investor or as an advisor. He also makes certain that all employees are
following all internal policies and procedures. Brad didn't have a typical reason for pursuing accounting
when he went to school. When he was applying to the University of Manitoba, he happened to watch the
movie Wall Street. He was not sure what faculty he wanted to go into, but watching this interesting movie
cemented his decision. Brad says he never really aimed to have his career move towards becoming CCO,
but more that is was a gradual transition. He began as an auditor and eventually moved to working in
investment compliance. From there, he made a lateral transfer to his current job. However, Brad says he's
becoming someone who doesn't follow a job description. He also follows many roles, able to switch from
one job to another without issue. This, he says, come from working for Investors Group for 25 years. An
example of his many roles is while Brad

Financial Analysis : Business Enterprise
INTRODUCTION The timing is important to anticipate any failure in the future can be corrected, but late
decisions are worthless. Financial analysis procedures can be used not only for the previous financial
information to evaluate, but also further its activity forecast made in order to assess the pre–financial
reporting quality. Each business enterprise in order to survive in the market has to ensure that its activities
are profitable as possible. On the profitability of the potential deal from company accounts, which provide
a lot of information management in making further decisions. But not enough to consider only the annual
reports because they are not sufficiently informative, in order to properly assessing the company has done
a financial analysis of the company 's activities through a variety of absolute and relative performance.
Company Morrisons financial analysis is important for the further development of the company 's
viability. Board of directors CEO – a man who can make decisions according to their competence in the
various tasks attributed to him collective activities managed by the department responsible for the
performance of the operating team entrusted with specific leadership tools. Shareholders – the company 's
highest governing body. It collects the company 's board of directors. The Board

Sample Resume : Kendallville Bank
I. Introduction
Kendallville Bank catered to small and mid–sized towns in Indiana, Michigan, and Ohio. Over the years,
in order to better accommodate its growing customer base, the company went through a series of mergers
and acquisitions and expanded their product offerings. Its most recent acquisition, 10 years ago, was the
boost needed to allow Kendallville Bank to become a publicly traded company. The company expansions
displayed no irregularities compared to those of any other successful business.
Similar to the bank's business operations, the employees at Kendallville are just like those found at any
company. Sandra Renwood is the qualified leader who runs the company to the best of her ability, but
avoids conflict. This is ... Show more content on Helpwriting.net ...
Kendallville strategy was to focus on small market communities that were located away from major cities.
The bank growth was limited; it was not growing as fast as Sandra Renwood wanted it to.
Sandra Renwood is the president and CEO of Kendallville, who grew up in Indiana; however, she
attended an east coast college where she majored in economics. After graduating, she spent 20 years
working at a bank outside of NYC, while pursuing her MBA. Over time, during a her career in banking,
Sandra became a CFO and then a senior executive at a mid–sized publicly traded bank. Since she was
looking for an opportunity to return to Indiana, she decided to join Kendallville and was promoted to
Chairman of the board 8 months later.
Tom Kmetko is the CFO of Kendallville, who was hired 11 months prior to take the company public.
Kmetko graduated with a B.S in finance, then obtained his MBA. Kmetko demeanor was very serious,
strictly business; He was rarely involved in casual conversation with his staff, but was willing to answer
any questions when his expertise was needed.
Dan Davis is the CLO of Kendallville, who was hired by Sandra Renwood not long after joining the
company. Dan Davis obtained a B.S in Mathematics and a master in accounting. Dan worked in lending,
loan portfolio management, and

Chief Financial Officer
The Chief Financial Officer (CFO) is a corporate officer responsible for managing the company's
financial operations. This officer is also responsible for all accounting functions including credit control,
budgeting and financial reporting, coordination of financing and funding, expenditure and liquidity,
monitoring and management of investment and tax issues, provide timely reports to the board, and
providing timely financial data to the Chief Executive Officer (CEO). In some sectors the CFO is also
responsible for analysis of data. CFOs with the current organization were limited mainly to provide
financial data aggregation from senior management responsibility for external and internal organization.
There is minimum part of the CFOs in ... Show more content on Helpwriting.net ...
Instance, CFO should have financial related information to facilities understanding of option to resolve
complex problem (Auditor General Victoria, 2004, pp.3). "Besides that, a good CFO demonstrates strong
leadership and strategic vision within the financial department and with whole management team. At
minimum, he or she must have the respected and support of the financial team, be a good motivator, and
be necessary" (Marc Pfefferle, 2013).
As the responsibilities and influence of the CFO change, it is also important that the CFO effectively
communicates on financial matters, and has effective sale skills of negotiation (Auditor General Victoria,
2004, pp.3). "A CFO who works reliably under pressure to produce punctually, accurate information but
being a nice person is not enough. The old saying, "if you're not part of the solution you're part of the
problem" is never more true than it is of a CFO involved in a turnaround" (Marc Pfefferle, 2013).
One important role of CFO that author state is the strategic application of technology, utilities technology
to strategic advantage. For example, the use of electronic business opportunities such as on–line
communication with customer and suppliers provide opportunities for organization to become more
efficient and e–commerce (Auditor General Victoria, 2004, pp.5).
A communication skill

Case Study Of Klem Hospitality Produces Furniture For The...
Klem Hospitality produces furniture for the hospitality industry. The following is a detailed organizational
plan for its operation and future plans. Executive Summary Klem Hospitality is a business that will
supply the medium sized hotel and motel industry with hospitality furniture. The company will also
supply colleges furniture for their dorm rooms. The company will produce quality furniture and
innovative designs to attract everyone from vacationers to business executives. The principal owners will
be Hank Smith, William Smith, and Robert Willis. Mission Statement The mission of the company is to
produce high quality furniture at affordable prices. The company will be operated in an ethical manner.
The company will also promote green manufacturing with the goal to leave the world a better place for
citizens to live and raise families (Elliott, 2016). Vision Statement The dream is to create a strong
company so that hard working citizens of the community can have a long lasting, rewarding job.
Customers will make Klem Hospitality their number one choice when purchasing furniture. Core Values
Accountability, respect, value, quality, teamwork, passion, efficient, ecofriendly, ethical, dedicated,
imagination, and trust. Market Industry The market for Klem Hospitality will be the furniture industry.
The market is strong with a stable US economy. The market did well during the Great Recession a few
years ago. Hotels and motels often remodel their rooms every

Chapter 2 : Literature Review
Chapter 2: Literature Review
2.1 Earnings management
Earnings management has attracted increasingly more attention in recent years, especially since it became
calculable through the Jones model (1991). Earning, as one of the most significant indicators of the firm's
financial performance, conveys huge amount of information to the creditors, shareholders, suppliers as
well as the customers, and thus exerts a great influence on their further decisions. As a consequence,
managers have different incentives to manage earnings information, such as to convey more inside
information about the firm to the public, meet analysts' expectations, seek for the managers' own profit,
and avoid the debt covenant.
Earnings management can be interpreted as the misrepresentation or the massaging of earnings, and
specifically it occurs when the managers adjust earnings through changing the financial reporting process
and makings real transaction decisions within the constraint of Generally Accepted Accounting Principles
(GAAP) (Healy and Wahlen, 1999). Although it is different from fraud which means manipulating
earnings outside the GAAP, they both have the same objectives, and probably result in reduction in the
earnings quality and reliability of the financial report.
Accrual–based earnings management and real earnings management are the two main ways to manage
earnings. Real earnings management is concerned with manipulation decisions regarding sales,
production, and discretionary expenses

F & C International, Inc. Case 4.2 Essay
Q1:
Jon Fries, Fletcher Anderson, Craig Schuster, and Catherine Sprauer are the main figures in this case and
they had important responsibilities in F&C International, Inc.
Jon Fries was the President, CEO, and managing director of F&C international, Inc. He was in charge of
the total management of the company. The key responsibilities of Jon Fries were to align the company,
internally and externally, with his strategic vision. His duties were to facilitate business outside of the
company while guiding employees and other executive officers towards a central objective. As a CEO,
Jon Fries had high interaction with F&C`s independent auditors, but he misguided them by creating false
documents, mislabeling inventory, and undercutting the ... Show more content on Helpwriting.net ...
As a Controller, she was responsible for supervising the quality of accounting, financial reporting of the
company, and monitoring the internal control of the company. As a Controller, she was responsible for
answering all the questions of the auditors and resolve all the issues brought up by the independent
auditors. An employee told Sprauer that inventory barrels were filled with water in the final few days of
June 1992 and there were some other fraudulent activities came in her attention but she did not mention
them to independent auditors. As the management of the F&C International, it was the responsibility of all
these professionals to report the illegal and fraudulent activities to independent auditors.
Q2:
Jon Fries who was the CEO of F&C Company. He orchestrated a large scale financial fraud that led to the
downfall of the company. Fries used inappropriate methods to realize his company's operating results, to
inflate revenues and overstate period–end inventories. He used his position to come up with a big fraud
which was an unethical approach by a CEO of a Company. It was highly unethical (–100 scale) to
systematically overstate sales revenues by backdating the valid sales transactions.
Fletcher Anderson was the COO of F&C Company. He was aware of some suspicious transactions in
F&C`s accounting records. He also learned about Warehouse Q and that at least $1.5 million of the
inventory stored in Warehouse Q could not be located or was defective,

Implementing A Strategy Action Oriented
7.2 – WHAT MUST BE DONE According to Wheelen and and Hunger, the purpose of a program is "to
make a strategy action oriented." In the previous section, we documented the recommended business,
corporate, and functional strategies as well as policies General Electric must implement. These new
strategies and policies are no guarantees but will need time to be implemented. The success also
determines on how well the management teams will describe the importance of implementing these new
strategies. The managers will be responsible for ensuring the employees understand and buy in to them.
7.2.1 – PROGRAM ACTIVITIES + 7.2.2 – ACTION STEPS Financial Program 1. Return $50 billion to
investors through dividends and share repurchases 2. To beat and outperform competition while
increasing profits 3. Ensure industrial segments are 90% source of revenue by 2016 4. Maintain external
revenue stream (international markets) and increase domestic revenues Customer Program 1. Community
involvement to reach the every day consumer. a. Over $200 million in contributions from GE businesses
b. Support and donate to community and educational programs 2. Instilling strong brand exposure and
understanding. a. Repositioning the GE brand: re–found focus on industrial segments b. Reach and
expand to new markets; continue business in slow growth markets 3. Continue to increase and expand
customer market. a. Continuing acquisitions of companies to increase market share b. Mergers will allow
for

Roles Within The Organization 's Governance Model
Introduction The Hospital Sisters Health Systems consist of four different divisions within two states and
have a total of 13 hospitals, along with a large physician group. The organization was originally run by a
group of nuns. However, the nuns have formed a board to oversee the governance of HSHS to ensure they
continue to meet the high expectations and mission originally designed by the founding convent in 1875.
As the hospital system has grown the governance board has also grown and now has several key members
listed on its organizational chart. Each of the roles is essential in creating uniformed quality facilities
throughout not only the divisions but the entire HSHS system. The governance board assists in many
areas, including HIT decisions and upgrades. This paper will discuss the governance of HSHS, various
roles within the organization's governance model, the HIT decision making process, and an example of
HIT implementation within the HSHS–EWD. Hospital Governance Sister Bernadine Gutowski is one of a
few nuns that belong to the Third Order of St Francis. She works as a secretary within the Hospital Sisters
Health Systems (HSHS) and recently discussed with me the history of our organization and the changes it
has endured. HSHS was originally ran by a group of nuns that belonged to the Third Order of St. Francis
in 1875. At that time, they began serving the community by nursing sick and poor people within their
homes. Since then they have expanded their health

Human Resource Services At Warfel Construction And Walz Group
During the initial meeting between Warfel Construction and Walz Group, you made us aware of coming
changes and continuing challenges that you face. We are confident that you will find Walz Group to be
exceedingly resourceful and beneficial in the following areas:
Human Resource Services Warfel Construction presently has a CFO who is an owner in the business.
When your CFO ends his employment with the Company, you will be able to count on Walz Group for a
variety of services in this transition.
Primarily, you will have a resource that can help you in your search for a new chief financial officer.
Recently, a prominent Lancaster County corporation solicited the help of Walz Group in their search for
new accounting talent. After sorting through over 100 résumés, Walz Group, having seen countless CFOs,
was able to provide a narrowed list of the most technically proficient candidates, those with skills
necessary to handle the position and keep that particular company thriving financially.
Additionally, you will receive advice from us regarding any concerns you have with transition of CFOs.
This transition would include the migration from a CFO that is part owner to one that is not and the
logistics of structuring that relationship.
We have seen and worked with heads of accounting divisions that are owners, but many of the CFOs,
controllers, and accounting managers who partner with Walz Group are not part of company ownership.
In fact, most of the larger construction

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