北美財務(wù)報告(ppt33)全英文-財務(wù)綜合(參考版)
2024-08-22 19:42本頁面
【正文】 promotion not affected. CONS: Your integrity and the integrity of the financial statements affected. Investors and other users can lose a lot of money. Potential lawsuit against your pany. Your professional certification may be revoked. 31 No Easy Answers!!! 2 ? DISAGREE. PROS: Integrity maintained. Acting equitably. Doing the ?right thing‖. CONS: May harm your career prospects. ? CONSULT SENIOR PARTNER. 32 For Further Information ? Email: ? University of Windsor website: Odette Business School. 33 Thank You 。 Auditing 2 ? Auditing (external) ensures that a third independent party has examined the financial statements and that they are in accordance to GAAP( Generally Accepted Accounting Principles). 15 Efficient Securities Markets ? The prices of securities (stocks) ―properly reflect‖ all information that is publicly known about these securities. ? Investors will quickly adjust to new or corrected information as it bees available. ? Investors cannot expect to earn abnormal returns . a return on a security in excess of its normal expected return. 16 WORLDCOM(Communications Industry) 1 ? Largest Bankruptcy in history. Bankruptcy date = July 21, 2020. Total assets (prebankruptcy) = US$103,914,000,000 approximately 850,000 millions Yuans or RMB(assuming 1 us dollar approximately equal to Yuans) 17 WORLDCOM(Communications Industry) 2 ? Internal Auditor (Cynthia Cooper Time Magazine Person of the year for 2020) went to Board of Directors , claiming assets should be written off the balance sheet. ? . agree with her. On writing off assets, large losses. Stock prices fell down steeply. 18 Enron Corp ( Energy Industry) ? Company went bankrupt on December 2,2020. Total assets prebankruptcy = US $63,392,000,000 approximately equal to 520,000 millions Yuans or RMB. ? Profits overstated。1 FINANCIAL ACCOUNTING AND REPORTING IN NORTH AMERICA Presented at School of Management, UESTC By
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