This is a paper on the subject of accounting fraud. The case of accounting fraud

This is a paper on the subject of accounting fraud. The case of accounting fraud is the WorldCom scandal. Please read documents related to the WorldCom scandal, such as the company’s annual WorldCom financial reports from 1999 to 2002, SEC judgments and investigative reports. Please combine the content of accounting and theoretical knowledge to analyze the case, because the subject of the paper is accounting.
The following two web links may help you:
1. https://www.sec.gov/Archives/edgar/data/723527/000119312504039709/d10k.htm
2. https://www.sec.gov/litigation/complaints/comp17829.htm
Writing Requirements:
Consequences of the fraud, including losses to shareholders, short and long-term market impact on the company and industry, criminal and civil penalties for the accused parties.
Please add the content and points contained in the speech I uploaded into the paper.
Note: Please write strictly according to the writing requirement.

 

 

Assignment 1: Unit 6 Problems Is it possible for a foreign corporation to have n

Assignment 1: Unit 6 Problems
Is it possible for a foreign corporation to have nexus for state income tax purposes but not for federal income tax purposes?
USAco, a domestic corporation, wholly owns a foreign subsidiary in Hong Kong called HKco. USAco sells HKco the seven components necessary to make sunglasses. Following one page of directions written in Chinese, HKco employees put the components together to make the sunglasses for HKco’s sale throughout Europe. In order to determine whether USAco has any foreign base company sales income under Subpart F, the IRS needs to analyze whether HKco’s activities constitute manufacturing.
What procedures can the IRS employ to gather the information needed to make this determination? What if the company fails to comply with initial attempts to gather information?
USAco is the wholly owned U.S. subsidiary of ASIAco, a foreign corporation. USAco purchases automobiles from ASIAco for $20,000, and resells the automobiles for $21,000. The IRS conducts a transfer pricing examination of USAco and proposes an adjustment based on what it believes to be the arm’s length transfer price of $15,000. USAco decides to pursue the issue at both Appeals and Competent Authority under the Simultaneous Appeals Procedure (“SAP”).
Describe the SAP procedures.
Directions for Submitting Your Assignment
Compose your assignment in a Microsoft Word document and save it as Username AC559 Assignment 1 Unit 6.doc (Example: TAllen AC559 Assignment 1 Unit 6.doc). Submit your file by selecting the Unit 6: Assignment 1 Dropbox by the end of Unit 6.

 

 

Assignment requirement: the essay should include your experiences, observations,

Assignment requirement:
the essay should include your experiences, observations, and key concepts based on your working experience and business course experience.
Tips: combine daily job with this master degree in Data Analysis. This paper should be analysis about current job, to better understand yourself, to plan your goals, and to follow-up on goals. Should mention your feelings for any one day and you want to avoid these types of emotional responses.
Something about myself: I am currently working as a senior analyst in an accounting & tax firm mainly providing services to reinsurance companies, and taking my second Master’s degree in Data Analysis. The attachment includes my position summary and key responsibilities.

 

 

Case Details: John manages a Symphony Orchestra with one Saturday evening perfo

Case Details:
John manages a Symphony Orchestra with one Saturday evening performance per week. The
hall has a capacity of 1,100 patrons per performance. The price per ticket is $10. The symphony
hall has a weekly fixed rental cost of $1,500. The per performance costs are as follows:
● Rehearsal costs (one for every series) $4,500
● Costs per performance $2,000
● Cost of program and tickets $1 per patron
Recent attendance at the symphonies has been 900 patrons, which has resulted in a per
performance profit of $100.
John is considering three proposals to increase profits by “reaching out” to new markets:
Proposal 1:
A student ticket priced at $4 sold to college students 30 minutes before each performance on a
first come, first serve basis. Management estimates that it could sell 200 tickets for each
performance to people who would otherwise not attend.
Proposal 2:
A matinee repeat of the Saturday evening performance with tickets priced at $6. Management
estimates that it could sell 700 tickets for each matinee performance but 150 of those would be
purchased by patrons who would otherwise have attended the Saturday evening show
Proposal 3:
A new series of concerts to be performed on Sunday with tickets priced at $10. There will be
two performances per week: the regular and the new series. Management estimates that it
could sell 800 tickets per show but 100 would be purchased by patrons who would otherwise
have attended the regular Saturday performance.
Address the following elements in your 1-page brief:
1. What is the total weekly profit for each proposal? Which proposal should John consider
implementing?
2. Discuss the strategic implications for the decision you have chosen. Apart from the
dollars are there other factors that John should consider about the option?
Content: Your brief should answer the elements/questions identified. You need not
answer them in the order asked, but make sure you address all critical elements. You do
not have sufficient space to re-state all the facts of the case, so use the case facts
selectively to support your analysis and conclusions. Integrate across courses.
● Length: Your brief can be no longer than one page with 12-point font, 1.5 spacing, and
a 1-inch margin. Do not submit a longer brief reduced by using compressed type or
smaller margins and headers and footers
Exhibits: Use exhibits to support your conclusions. Good exhibits include:
a. a title and exhibit number;
b. clear labels for the exhibit’s components and explanation of the calculations; and
c. a brief statement underlying your assumptions.
In your brief, you must make reference to the exhibits you attach. Highlight the most
significant numbers or facts in an exhibit, but do not use your exhibits to present
explanations that rightly belong in the brief. Briefs cannot contain more than 3 exhibits
Calculations must be complete and correct

 

 

Assignment: Chapter 1 Research Problem Overview This assignment will help you di

Assignment: Chapter 1 Research Problem
Overview
This assignment will help you differentiate between primary and secondary sources in tax research and accurately cite appropriate resources. In addition, the assignment will help you to learn more about tax research databases and how to locate tax topics useful in understanding tax law and its application in practice.
Instructions
Using a tax research tool of your choice, complete the following research tasks. Follow the instructions in the module for accessing the Auraria library search to locate a tax research database:
Briefly describe the difference between primary and secondary authority in tax law. Using the tax research tool of your choice, locate an example of each and describe the differences between the two sources.
A tax authority can be classified as either a primary or secondary authority. Primary authority comes from rightful, administrative, and judicial sources (National Timber Tax, 2022). Examples of primary authority are statutes, regulations, court rules, and case law. Whereas, secondary authority contains unofficial sources of tax information such as textbooks, newsletters, tax services, and journals (National Timber Tax, 2022). Examples of secondary authority include Analysis Report. The tax research tool I am using is Checkpoint Edge. Checkpoint Edge is a great tool for research because *******.
References:
National Timber Tax. (n.d.). Step 2: Locate the authority . National timber tax website. Retrieved June 19, 2022, from https://www.timbertax.org/research/process/steps/step2/
Using the tax research tool of your choice locate the following primary sources of tax law and correctly cite:
US Supreme Court case
Court of Appeals case
Internal Revenue Code section
Final Regulation
Locate the following cited items, and give a brief description of the topic or opinion in the item:
199A
Reg § 1.199A-1
Rul. 2019-9
PLR 7203160400A
Go to the U.S. Tax Court website (https://ustaxcourt.gov)
What different types of cases can be found on the site?
What is a Summary Opinion? Find one (and record its citation).
What is a Memorandum Opinion? Find one (and record its citation).
Find the court’s Rules of Practice and Procedures. Summarize one (and its citation).
https://checkpoint-riag-com.aurarialibrary.idm.oclc.org/app/view/mainFS?usid=f0185y214a5d&lastCpReqId=220b83&lastRoute=LOGIN_TO_MFS%7C1656136926322%7C1%7C1762514698.42280.000%7C2DF4FDCC5D654D733E46C24A747F9293%7Ctomcat%7Cfalse%7C18566&uqp=452321&bhcp=1

 

 

Select a publicly-traded company that is traded on U.S. exchange. Locate the ann

Select a publicly-traded company that is traded on U.S. exchange. Locate the annual report for at least the last three fiscal years.
Analyze the financial statements for the company and review for large movements in specific accounts from one year to the next. In addition, review the notes to the financial statements as these are an integral part of the financial reporting package. Evaluate the balance sheet to determine if there are large changes in the company’s assets, liabilities, or equity accounts. In addition, analyze the income statement and statement of cash flows.
At a minimum, calculate the following ratios for two years, the debt-to-equity ratio, current ratio, quick ratio, return on equity, and net profit margin. For each ratio, explain what the ratio tells you about the company.
To maximize your grade, be sure to use the proper organization (intro, body, conclusion) and follow APA style. Your paper should have a title page and reference page, but you do not need an abstract for this assignment.
Grade
Homework Problems Grading Criteria
90-100%

Assigned exercises/problems are completed in full.

Work demonstrates effective application of the concepts/principles covered in the chapter.

Work thoroughly explains answers and calculations.

Solutions are calculated with no errors or insignificant errors.
80-89%

Assigned exercises/problems are completed in full or are significantly complete.

Work demonstrates effective application of most concepts/principles covered in the chapter.

Work thoroughly explains most answers and calculations.

Solutions are calculated with insignificant errors.
70-79%

Assigned exercises/problems are mostly complete.

Work demonstrates effective application of some concepts/principles covered in the chapter.

Work explains some answers and calculations.

Solutions are calculated with significant errors.
60-69%

Assigned exercises/problems are fairly complete.

Work demonstrates effective application of a few concepts/principles covered in the chapter.

Work explains a few answers and calculations.

Solutions are calculated with significant errors.
0-59%

Assigned exercises/problems are less than 50% complete.

Work does not demonstrate effective application of the concepts covered in the chapter.

Work submitted does not thoroughly explain answers and calculations.

Solutions are not calculated or are calculated with significant errors.

 

 

A product’s cost consists of direct materials, direct labor, and manufacturing o

A product’s cost consists of direct materials, direct labor, and manufacturing overhead. Job Order Costing and Process Costing are costing systems that help companies allocate these costs to their different products. Click on the link below and watch this video on how jelly beans are made. Share your answers to the following questions in a discussion board post:

Is this company using the job order costing system or the process costing system?
Identify at least 3 raw materials used by this company to make jelly beans.
Identify at least 1 direct labor cost.
Identify at least 3 overhead costs shown in the video.