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This article discusses earnings management in the post-SOX period. Please answer the following questions in about 3-4 pages double spaced in total.
Explain the purpose of the article, the method used by the author to conduct the study and the overall conclusions reached.
On page 61 toward the bottom in the paragraph that starts with "as such, GAAP could no longer be regarded....." Do you agree with this position? Why or why not? Do you think this is fair to managers who simply want to follow GAAP? Why or why not?
Do you personally think conservatism has increased since SOX? Why or why not?The author states "auditors will not use the audit opinion to police bad business practices, even if they involve earnings management". How do you explain that? Do you agree with the auditors' position? Why or why not?
Attachment:- article_1.pdf
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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