Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Accounting; Auditing; Dot com bubble; External environment; Fraud; Fraud triangle; Internal controls; Internal environment; Sarbanes oxley; Telecomm bubble (1)
- Accounting; Auditing; Fraud; Sas 99; Statement on auditing standards; Triangle (1)
- Accounting; Capital lease; Financial ratios; Financial statements; Lease; Leases; Operating lease (1)
- Amara v. cigna corp; Cash balance plan; Defined benefit plan; Qualified plan (1)
Articles 1 - 4 of 4
Full-Text Articles in Accounting
Will Leasing Lose Its Luster: An Analysis Of Lease Reporting Under Fas 13, Casey Gates
Will Leasing Lose Its Luster: An Analysis Of Lease Reporting Under Fas 13, Casey Gates
HIM 1990-2015
When standards for financial reporting are amended, potential for change in the appearance of financial position for companies reporting under those standards arises. Currently standards set forth by the Financial Accounting Standards Board (FASB) allow for two methods of reporting lease obligations on the financial statements. The first of these methods is the operating method, which allows lease payments to be expensed within the period they are incurred and only a decrease in cash or an increase in an account payable is recognized on the balance sheet. The second method is the capital method, which requires the present value of …
Rights Of Ownership In The United States As Identified Through Defined Benefit Plan Conversion, Richard Burke
Rights Of Ownership In The United States As Identified Through Defined Benefit Plan Conversion, Richard Burke
HIM 1990-2015
Employer provided Qualified Plans ("Qualified Plans") are the most efficient supplement to Social Security savings and benefits. Given the significance of the benefits provided as well as the short-term Revenue constraints upon the Federal government in the form of substantially protracted tax deferrals, Qualified Plan legislation should maintain a conservative disposition. Incremental legislative action in the right direction will steadily graduate ERISA to its intended purpose. Unfortunately ERISA is a convoluted maze of formalities, definitions, and regulation that are only substantially understood by an expert and have yet to be adequately explained to the public at large. Recent publications such …
An Examination Of The Fraudulent Factors Associated With Corporate Fraud, Ronald Zmuda
An Examination Of The Fraudulent Factors Associated With Corporate Fraud, Ronald Zmuda
HIM 1990-2015
Between the years 1998 and 2002, the United States suffered a time in which several large companies engaged in fraudulent behavior which eroded investor confidence in the stock market and to some extent destabilized the economy. Audits, which were conducted to assess the validity and reliability of a company's financial statements, were not detecting the material misstatements in the statements. As a result, both the US Government and the accounting profession needed to come up with a way to prevent these immense frauds from occurring in the future. As a response to these large frauds, in 2002, the US Government …
The Accounting Fraud At Worldcom The Causes, The Characteristics, The Consequences, And The Lessons Learned, Javiriyah Ashraf
The Accounting Fraud At Worldcom The Causes, The Characteristics, The Consequences, And The Lessons Learned, Javiriyah Ashraf
HIM 1990-2015
The economic prosperity of the late 1990s was characterized by a perceived expansive growth that increased the expectations of a company's performance. WorldCom, a telecommunications company, was a victim of these expectations that led to the evolution of a fraud designed to deceive the public until the economic outlook improved. Through understanding what led to the fraud, how the fraud grew, and what its effects were, lessons can be derived to gain a better understanding of the reasons behind a fraud and to prevent future frauds from occurring or growing as big as the WorldCom fraud did.