User Account

All Pages

Explain the earning management strategy

Assignment Help Accounting Basics
Reference no: EM132744307

KUALA LUMPUR: Urusharta Jamaah Sdn Bhd (UJSB), a wholly-owned unit of the Ministry of Finance Incorporated, highlighted if the assets transferred from Lembaga Tabung Haji (LTH) were to depreciate further, the government will incur losses higher than RM10.3 billion. Among non-performing assets transferred into UJSB include 1.568 acres at Tun Razak Exchange (TRX). In a statement today, USB said the LTH rescue plan which wascompleted on December 28,2018, involved a transfer of non-performing assets worth RM9.63 billion from LTH to IJSB in exchange for RM19/90 billion. It considered of two tranches of Sukuk totaling RM19.6 billion and RM300 million respectively in cash payable to LTH."

Problem (a) Based on the above business news, explain the earning management strategy that could been done by LTH.

Problem (b) Briefly describe another THREE (3) other earning management strategies other than the above (a).

Reference no: EM132744307

Questions Cloud

Evaluate how to effectively execute your plan : Evaluate how to effectively execute your plan. Draft a communications plan that explains the reasons for these changes to the organization.
Which of the dates must be paid : In order to maintain their independence, the firm has told Precision Medical that fees from work performed prior to which of the following dates must be paid?
Complete the trial balance adjustments : Complete the trial balance adjustments and adjusted columns. Using the adjusted balances, make a statement of financial position
Future career in health services management : Describe what you found useful in this article that will help you in your future career in health services management
Explain the earning management strategy : Explain the earning management strategy that could been done by LTH. KUALA LUMPUR: Urusharta Jamaah Sdn Bhd (UJSB), a wholly-owned unit of Ministry of Finance.
What was the cost of goods sold before adjusting : Quilt Company used a 120% predetermined overhead rate based on direct labour cost. What was the cost of goods sold before adjusting
Perceptions of deviance-crime-victims and justice : The media informs many viewers of deviance and crime, victims of crime, and justice in society.
What will be the gross amount of each bonus : What will be the gross amount of each bonus if each employee pays a state income tax of 3.01% (besides the other payroll taxes)
Find and calculate the amount of dividends and taxation paid : The previous year 3,200.00 Dividends Interim 18,000.00 Final 20,000.00 You are required to: 1. Calculate the amount of dividends and taxation paid.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What the journal entry to record payment of the invoice

Emerald Co. uses a perpetual inventory system, What the journal entry to record payment of this invoice after the discount period has expired will include a

  Why is it important to keep paid-in capital separate

Prepare a 700- to 1,050-word response to the following questions: Why is it important to keep paid-in capital separate from earned capital

  Calculate the annual holding period return

ACC515 Accounting and Finance - Charles Sturt University - Calculate the risk for 2018 as measured by standard deviation of both BHP and the MKT

  Determine the equal annual net cash flows

Luxmark Hotels is considering the construction of a new hotel for $210 million. Determine the equal annual net cash flows from operating the hotel

  What is the current year budgeted profit

The manager of the Spartanland restaurant is developing the operating budget for next year, What is the current year's budgeted profit (loss)

  How much reliance you will place on this oral evidence

How much reliance you will place on this oral evidence you have acquired from Brad Parker

  Evaluate the effectiveness of the accounting principle

Evaluate the effectiveness of the accounting principle guidelines for determining the market value of an asset

  Compute net cash provided by operating activities

Chicken Parmesan reported net income of $50,000 in 2016. Depreciation expense was $17,000. Compute net cash provided by operating activities.

  Sheridon corporation is investigating automating a process

sheridon corporation is investigating automating a process by purchasing a new machine for 515000 that would have a 10

  The fair value of lavery''s depreciable assets

1.On January 4, 2013, Runyan Bakery paid $324 million for 10 million shares of Lavery Labeling Company common stock.

  Make journal entries for accounting system

Make journal entries, and enter the following transactions assuming your accounting system uses the following accounts - Cash, Supplies, Equipment

  Discuss the advantages and disadvantages of partnerships

Discuss the advantages and disadvantages of partnerships. Discuss the Financial Accounting Standards (FAS) that govern business combinations and consolidations?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd