Questions from General Accounting


Q: We can’t recognize revenue immediately, Paul, since we agreed to

We can’t recognize revenue immediately, Paul, since we agreed to buy similar software from DSS,” Sarah Young stated. “That’s ridiculous,” Paul Henley replied. “Get your head out of the sand, Sarah, be...

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Q: Back on January 16, 2003, after more than 23 years

Back on January 16, 2003, after more than 23 years, General Electric (GE) Co. decided to dump its well-recognized slogan, “We Bring Good Things to Life,” and decided to spend more than $100 million to...

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Q: It’s no fun accepting a position for your dream job and then

It’s no fun accepting a position for your dream job and then red flags are raised that make you wonder about the culture of the company. Those are the thoughts of Donna Mason on January 18, 2016, as s...

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Q: Background For years, Dell’s seemingly magical power to squeeze efficiencies

Background For years, Dell’s seemingly magical power to squeeze efficiencies out of its supply chain and drive down costs made it a darling of the financial markets. Now we learn that the magic was at...

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Q: It took a long time but the Securities and Exchange Commission finally

It took a long time but the Securities and Exchange Commission finally acted and held auditors responsible for the fraud that occurred in banks during the financial recession. Surprisingly to some, th...

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Q: Do you think there are any circumstances when you should go outside

Do you think there are any circumstances when you should go outside the company to report financial wrongdoing? If so, to what person/organization would you go? Why? If not, why would you not take the...

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Q: One of the earliest frauds during the late 1990s and early 2000s

One of the earliest frauds during the late 1990s and early 2000s was at Sunbeam. The SEC alleged in its charges against Sunbeam that top management engaged in a scheme to fraudulently misrepresent Sun...

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Q: A member of the audit team of Ernst & Young in Canada

A member of the audit team of Ernst & Young in Canada became concerned about the accounting for inventory by its Canadian client, Sino-Forest, a Chinese company in the forestry business and headquarte...

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Q: The North Face, Inc. (North Face) is an

The North Face, Inc. (North Face) is an American outdoor product company specializing in outerwear, fleece, coats, shirts, footwear, and equipment such as backpacks, tents, and sleeping bags. North Fa...

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Q: Research Triangle Software Innovations is a software solutions company specializing in enterprise

Research Triangle Software Innovations is a software solutions company specializing in enterprise resource planning (ERP) business management software. Located in the Research Triangle Park, North Car...

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