...The University of Lethbridge Calgary Campus Faculty of Management Management 4430Y Financial Management Spring 2011 A.P. Palasvirta Office: Markin 4132, Lethbridge Phone: (403) 332-4582 e-mail: oz.palasvirta@uleth.ca Goal of Course Management 4430 is the capstone course in finance and will incorporate concepts you have learned in through your study of corporate, investments, and international. We will utilize the case methodology to focus our analysis. Cases describe a context in which a particular problem is found. Regardless of the particular characteristics of the problem, problem solving follows a general methodology: identification of the problem, describing the context of the problem, analysis of potential alternative solutions, the identification of the best solution, implementation of the best solution , and the creation of controls and contingency plans, if applicable. Text and Other Sources: E-book based on Case Studies in Finance, 6th ed., 2010, McGraw Hill, Toronto, ISBN Prerequisites Management 3412, Fundamentals of Investments Investments, Analysis & Management, 2nd Canadian Ed., 2005, Cleary & Jones, John Wiley & Sons Canada Ltd., Mississauga ISBN 0-470-83542-7 Management 3460, Corporate Finance Fundamentals of Corporate Finance, 6th Canadian Ed., 2007, Ross, Westerfield, Jordan, & Roberts, McGraw-Hill Ryerson, Toronto ISBN 13: 978-0-07-095910-1 A list of topics for which you should have working knowledge...
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...corporation will continue on. The name associated with this business will provide clothing, shoes, and accessories such as: hats, handbags, belts, and jewelry to service young ladies from birth into adulthood, in all shapes and sizes. Jadechey is derived from the combination of my daughters names, with whom can relate to my products. This store will be the largest ladies only retail store in the Chicago land area with low price items but in high quality specifically for those on a budget. Accounting will be the foundation of my business, helping to aid me in making better decisions that my business will come to face. Accounting takes on several roles: providing a clear picture of the financial condition of my business, budgeting, calculating tax liability, financial reporting, and financial auditing. Because this business is in retail, we will be dealing with cash and credit card transactions. Accuracy in accounting is extremely...
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...Forensic Elite: Detective of Numbers Tara Albright Strayer University BUS 504 Contemporary Business February 24, 2013 Dr. Jason M. Barrett Forensic Elite: Detective of Numbers No one in the world likes a snitch. In the early 2000’s the urban campaign “Stop Snitching or Die” changed the face of whistle blowing in the United States (Masten, 2009). Neighborhood violence during the “Stop Snitching or Die” campaign increased as law abiding citizen cowered inside their homes as gun shots rang out feet away from their doorsteps (Masten, 2009). In corporate America companies faced huge financial lost as the “Stop Snitching or Die” theology spilled into boardrooms and accounting departments. The corporate world was not as brazen as the urban world killing anyone that help out law enforcement, but the results of company leaders keeping quiet about misconduct slowly murdered the American economic system. While corporate leaders played their hand at boardroom gangbanging by lying, stealing, and falsifying financial documents, the world would see snitching taken to a new level (Masten, 2009). The job of combing through those illegal financial documents would go to an elite set of men and women, called forensic accountant. Forensic accountants help America recover huge amounts of financial dollars by bring corporate leaders to justice who made illegal business decisions (Davis, Farrell, & Ogilby, 2009). Attributes of the Elite Forensic accounting/accountant (FA) involves...
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...FIN 620, Fall 2006 CASE QUESTIONS DR. KISS Please allow these questions to serve as a guide when you prepare your case write-up in accordance with the syllabus or other instructions. Table of Contents Page Case: Name and Number, Bruner 5e Note Number I. C12- Best Practices—WACC No Questions II. C2- Bill Miller & Value Trust 2 III. C5- Financial Detective, 2005 Contained in Case IV. C7- Body Shop Intl* Contained in Case, but see page 3 V. C6- Krispy Kreme Doughnuts, Inc. 4 VI. C17- The Investment Detective* Contained in Case VII. C28- Intro. to Debt Policy & Value* No Questions, but review M & M Theory on debt and value of the firm. VIII. HBS Case- “Leveraged Betas and the Cost of Equity No Questions IX. C16- The Boeing 7E 7* 5 X. C26- Jet Blue Airways, IPO Valuation* 6 XI.a C35- Merton Electronics 7 XI.b C36- Carefour S. A.* 8 XI.c C44- Palamon Capital Partners* 9 XII. GM Dividend Policy Negotiation (Information to be provided by Dr. Kiss) * Note: Excel Spreadsheets containing some of the exhibits from the case are available for this case at www.mhhe.com/bruner5e FIN 620, CASE QUESTIONS DR. KISS Please allow these questions to serve as a guide when you prepare your case write-up in accordance with the syllabus or other instructions Case 2- Bill Miller & Value Trust Suggested Questions for Your Preparation of the...
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...the Nigerian banking system and that any bank with a weak internal control system, is dangerously exposed to bank fraud. The CBN reported that cases of attempted fraud and forgery in banks, as at half-year 2007 have surpassed what was recorded for the whole year 2006. The CBN half-year report for 2007, revealed a total of 741 cases of attempted fraud and forgery, involving 5.4 billion, $35,406.1, 150 Euros were reported as at June, 2007. In 2006, 1,193 cases were reported involving 4.6 billion, $1.8 million and 14,389.7 pound sterling. The CBN also reported that the backward development was attributable to weaknesses in the internal control systems of the banks. This has clearly pointed the picture of how fraud has penetrated in the financial strength of Nigerian Banks. In a nut-shell, the damage which this menace, called fraud has done to the banks is innumerable and needs urgent attention. Therefore, the attempt to put an end to this economic degradation, gave rise to the topic of this research study the impact of...
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...* Pakistan Journal of Social Sciences | Year: 2009 | Volume: 6 | Issue: 4 | Page No.: 181-189 | | Impact of Internal Control System in Banking Sector in Nigeria | | Olaoye Clement Olatunji | | Abstract: The Central Bank of Nigeria reported that the backward development in Nigeria was attributable to weaknesses in the internal control systems of the banks. This has clearly pointed out the picture of how fraud has been penetrated in the financial strength of Nigerian Banks. In a nut-shell, the damage which this menace, called fraud has done to the banks is innumerable and needs urgent attention. Therefore, the attempt to put an end to this economic degradation, gave rise to the topic of this research study the impact of internal control in the banking sector in Nigeria with Wema Bank of Nigeria PLC as a case study. However, this study is aimed at verifying the conception that an effective and efficient internal control system is the best control measure for preventing and detecting fraud, especially in the banking sector. Data captured for this study, were analyzed through descriptive and inferential statistical methods. The descriptive analysis involves the use of percentages, tabulation and graphical presentation. While the inferential statistical method involved the use of the chi-square. The functions of fraud prevention, detection and control are interwoven, as the three works together to eliminate fraud and fraudulent tendencies. Therefore, internal control...
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...Table of Contents City of Riverside profile . . . . . . . . . . . . . . . . . .2 Mission and Values Statement . . . . . . . . . . . . .2 Message from the Chief . . . . . . . . . . . . . . . . . .3 Executive Command Staff . . . . . . . . . . . . . . . . .4 Office of the Chief of Police . . . . . . . . . . . . . . .5 Strategic Plan Audit and Compliance Bureau Office of Internal Affairs Public Information Chief's Community Advisory Board Magnolia Station Grand Opening . . . . . . . . . .11 Riverside Police Department Facilities . . . . . .13 Administration Public Safety Communications . . . . . . . . . . . .14 Support Services . . . . . . . . . . . . . . . . . . . . . . .16 Personnel Bureau Training Bureau Management Services . . . . . . . . . . . . . . . . . .21 Finance Payroll Grants Administration Fleet Services Facilities Management Court Services Unit (CSU) Alarm Enforcement Unit (EAU) Records Management Front Counters/Telephone Report Unit Automation and Digital Records Crime Analysis Unit (CAU) Property/Evidence Unit Operations Field Operations . . . . . . . . . . . . . . . . . . . . . . .29 Neighborhood Policing Centers (NPCs) Management Accountability Program (RPD~MAP) Watch Commanders Problem Oriented Policing (POP) Bike Team El Protector University Neighborhood Enhancement Team (UNET) Crime Statistics Special Operations . . . . . . . . . . . . . . . . . . . . .39 Community Services Group Citizen Academy Crime Free Multi-Housing Neighborhood Watch Business Watch Youth...
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...Forensic Accounting In Practice Herbert Lee | Bus 508 Professor Badger Fardanesh 1. May 16, 2013 Forensic Accounting Defined According to Crumbley (2009)“ Forensic Accounting” is reducing the complexity of accounting practices by distilling information and slicing away at deceptions to help a judge or jury to see the essence of financial disputes. It is a practice that goes beyond auditing and analyzing accounting information. With accounting practice and standards at its core Forensic accounting goes above and beyond what the auditor does. Crumbley (2009) contends that a forensic accountant may take on fraud auditing engagements but will use other accounting, consulting and legal skills to broaden their engagements. The discipline of forensic accounting is being utilized not only in a courtroom setting but also in public discussions, debates, civil matters like divorces, insurance companies, banks and the business community at large. From a general perspective forensic accounting focuses on digging into the final accounts but will follow a lead into records of original entries. These accountants cover the areas of litigation support and investigative accounting. They are seeking out the cause and effect and according to the article FTB Tax Services (2011) it states that the primary orientation of forensic accounting is the explanatory analysis of phenomena- including possibly the discovery of deception, and its effect- introduced into an accounting system domain...
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...IBM Zone Trusted Information Channel (ZTIC) CASE You may have heard of Man in the Middle attacks, meet Man in the Browser attacks (MitB). The term has been around since 2005, but not used much. That's changing, thanks to current crimeware, considered a form of MitB attack. According to Wikipedia, MitB is: "A trojan that infects a web browser and has the ability to modify pages, modify transaction content or insert additional transactions, all in a completely covert fashion invisible to both the user and host application. A MitB attack will be successful irrespective of whether security mechanisms such as SSL/PKI and/or Two or Three Factor Authentication solutions are in place." I covered an instance where crimeware played a part in stealing almost a half million dollars in this post. In my next article, I discussed Zeus and URLZone, possibly the crimeware used in the half million dollar hoist. In this article, I would like to dig deeper into possible solutions. Protect ourselves Since it's our money, we need to take the initiative. Doing everything we can to protect our hard-earned savings. Once we have our personal situations in the best shape possible, we can bug the banks to get their act together. The obviously solution is to not bank on-line. That's a great idea, but what about our service personnel or anyone who cannot physically get to their bank? Besides, we should not have to succumb to cybercriminals. With that in mind, let's look at some of the...
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...Abstract The first time that phone hacking scandal caught the attention from the general public was in November 2005, when Prince William’s knee injury, which was only known to few cronies, was exposed as news by News of the World. Former NOtW royal editor Clive Goodman was accused of hiring private detective Glenn Mulcaire for phone hacking activities. The major victims were celebrities, politicians, and members of the British Royal family. Later in 2006, both Goodman and Mulcaire were sentenced. The chief editor Andy Coulson then resigned from the newspaper. However, in July 2011, it was revealed that the phone of missing school girl Milly Dowler had also been hacked by a journalist from the News of the World. The messages in the voice mail box had been erased, which gave false hope survival to police and the girl’s family and potentially destroyed valuable evidences about the girl’s abduction and murderer. Within more and more , resulted in a public outcry against the News International. On the 8th of July, after the British Parliament’s urgent debate regarding the affair, British Prime Minister David Cameron announced that a public inquiry would look in to the scandal and that further investigations needed to be conducted. Due to advertisement boycotts and unrelenting public pressure, News of the World ended its 168 years publication on 10th of July. Eight days later, former News of the World reporter Sean Hoare was found dead. He was the first to allege phone hacking...
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...Ebbers Behind Bars In 2005, Bernard Ebbers, former CEO of WorldCom, was sentenced to twenty five years in jail in a very controversial ruling. There are many reasons in the World Com case that made sending Bernard Ebbers to jail the right thing to do. As a CEO of WorldCom, Mr. Ebbers had many obligations in order to run the company successfully; some of those obligations he fell far short on. The major one was not realizing when he was in too deep; instead of managing each of the new assets, he obtained he got greedy and kept buying and buying and overlooked many of the details. “WorldCom is just another case of failed corporate governance, accounting abuses, and outright greed… With 65 acquisitions in six years and several of them large ones, WorldCom management had a great deal on their plate” (Moberg & Romar 1). MCI is just one of many of the companies that WorldCom bought and mismanaged. WorldCom got in over their heads when they kept buying up company after company. I think that WorldCom could have saved itself if it took some time after each merger to manage and integrate their new assets instead of continually looking to buy more. “For all its talent in buying competitors, the company was not up to the task of merging them. Dozens of conflicting computer systems remained, local systems were repetitive and failed to work together properly, and billing systems were not coordinated” (Moberg & Romar 1). The big question that needs to be answered is if Bernard Ebbers...
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...MANAGING INFORMATION – CRITICAL EVALUATION OF RELEVANT ISSUES MODULE: MANAGING INFORMATION Table of Contents Sr. no. Contents Page no. 1. Introduction............................................................................................3 2. Definition of Information Systems...........................................................3 3. Information System as an Organizational and Management Solution.........3 4. Information Manager and Information System..........................................4 5. Environmental and Industrial Analysis.....................................................4 6. Recommended Information Systems for a Medium Sized Accountancy and Management Consultancy Firm........................................................5 6.1. Management Information System.............................................................5 6.2. Decision Support System..........................................................................6 6.3. Knowledge Management System..............................................................6 6.4. Transaction Support System.....................................................................6 6. Evaluation of Organizational, Technical and Management Aspects of the Information Systems Used.................................
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...and answering test questions is fine, but the best way to improve your reading ability is to read.This list is compiled by category.Help yourself. Choose one from the list, pick it up at a local bookstore or library, open the cover, and enjoy. Autobiography/Memoir Angela’s Ashes by Frank McCourt Autobiography of Malcolm X by Malcolm X Black Boy by Richard Wright The Diary of Anne Frank by Anne Frank Having Our Say by Sarah L. and Elizabeth Delany The Heroic Slave by Frederick Douglass I Know Why the Caged Birds Sing by Maya Angelou Reading Lolita in Tehran: A Memoir in Books by Azar Nafisi Coming of Age The Catcher in the Rye by J.D. Salinger The House on Mango Street by Sandra Cisneros A Separate Peace by John Knowles Detective/Thriller Agatha Christie’s murder mysteries The “A is for…” series by Sue Grafton The Client by John Grisham Sherlock Holmes by Sir Arthur Conan Doyle The Shining by Stephen King Watcher by Dean R. Koontz Fantasy The Hobbit by J.R.R. Tolkien On a Pale Horse by Piers Anthony Any Harry Potter book by J.K. Rowling Historical/Social Issues The Clan of the Cave Bear by Jean M. Auel The Color Purple by Alice Walker The Curious Incident of the Dog in the Night-Time by Mark Haddon Everything is Illuminated by Jonathan Safran Foer To Kill a Mockingbird by Harper Lee The Lord of the Flies by William Golding Of Mice and Men and The Grapes ofWrath by John Steinbeck Schindler’s List by Thomas Keneally The Secret Life of Bees by...
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...accused of taking another person’s life should suffer the same pain that they caused not only the deceased but also their family. I would say that it would be reasonable for a person to feel that way but not only does the deceased’s individual’s family have to suffer for the loss but, the accused’s family members must watch their loved one be executed. Just because we sentence someone to death it does not mean that it will bring back the deceased individual. By killing the accused it sends a message of “you killed one of us, so we are now going to kill you” while I was growing up I was always told that two wrongs don’t make a right. By the state using a punishment of death for someone who killed another it sends the wrong message. The financial cost of executing an individual is far greater than it would be to...
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...Corporate Corruption: Scandal at Germany-based Volkswagen Introduction Corruption is “the misuse of entrusted power for private gain (Deutsche Welle).” Misuse of power occurs when people in positions of power willfully deviate from established procedures for their personal gain, at the expense of public welfare. Europe’s biggest automobile maker, Germany’s Volkswagen AG, became embroiled in corruption scandals in the summer of 2005. German state prosecutors confirmed on June 30, 2005 that they had opened an investigation into possible fraud and corruption by managers and labor representatives at the car giant (Edmondson p 52). Uwe Dolata, spokesman for the German Association of Detectives (BDK) and an expert in white-collar crime, says, “Corruption is so inherent in German business that the police have created a special division to deal with it (Deutsche Welle).” The Volkswagen scandal case is a classic illustration of what happens when there is failure of corporate governance. History of Volkswagen The word “Volkswagen” means “people’s car”. In Germany there had been many efforts to create simple cars that everyone could afford, but none had met with much success. Even if they were simple enough for the average person, the cars still ended up costing more than the average worker’s yearly wage. In 1930, Ferdinand Porsche set up an automotive design company in Stuttgart, which became known as the Porsche Buro. After much trial and error and more than a few...
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