Search results
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Strong Tie Ltd.
Dan ThompsonCase IVEY-9B11N021-EAccounting and Control, FinanceThe CEO of Strong Tie received the draft 2008 financial statements for the company, which was a manufacturer of structural connectors used in the building industry. He began to question the company’s performance when he compared the statements to those of previous years. How were profits holding up given the intense price competition in the industry? Were attempts to lower costs through more automation paying off? Were the current problems in the...Starting at €8.20
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Why We Should Thank Enron’s Former CFO
Gerard SeijtsArticle IVEY-9B16TC02-EAccounting and ControlToo many people fall into the trap of accepting that it is appropriate to use technicalities and loopholes to break the principles behind rules when they think they can get away with it. According to Andrew Fastow, this is a problem approaching endemic proportions as seen in business deals, political fundraising, and tax avoidance. And as the former chief financial officer of Enron, he knows what he’s talking about. In 1999, Fastow’s unique finan...Starting at €8.20
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Gemini Electronics
Dan ThompsonCase IVEY-9B11N022-EAccounting and Control, Entrepreneurship, Finance, StrategyAccountant Sarah McIvor, a junior partner with PricewaterhouseCoopers, has been selected to conduct a financial review of Gemini Electronics Ltd. Gemini is an up-start American electronics company that recently went public and now wants to expand its business to rival the major Korean and Japanese producers. Before the company finalizes any expansion plans, Dr. Wang, the founder, feels it is prudent to conduct an independent evaluation of Gemini’...Starting at €8.20
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Team Collapse at Richard, Wood and Hulme LLP
Gerard Seijts; Leah NobleCase IVEY-9B12C002-EAccounting and Control, Leadership and People ManagementIn 2008, a senior associate at Richard, Wood and Hulme LLP (RWH) was amazed at the speed with which the audit team for an important client of the firm was rapidly falling apart. Two members had just been fired presumably because they did not pass their chartered accounting qualification examinations; team morale had grown non-existent; there were difficulties in completing the engagement due to lack of preparation from both RWH and the client; th...Starting at €8.20
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Darlarna Furniture Ltd.
Dan ThompsonCase IVEY-9B10B002-EAccounting and Control, Entrepreneurship, FinanceDarlarna is a manufacturer of high-end Swedish-style furniture. It has grown rapidly since its formation in 2005 and is currently attempting to expand into the U.S. market. In early 2009, after releasing the financial statements from the accountants, the owner became very concerned about a dramatic decrease in profits and all the bad news relating to the financial crisis in the United States. A chartered accountant was hired to conduct an analysi...Starting at €8.20
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High Performance Tire (Spanish version)
Dan ThompsonCase IVEY-9B06BS024Accounting and Control, EntrepreneurshipJenny Chen, CA, CFA, CMC has been hired by Jane Wallace of High Performance Tire. Jane, who inherited the firm from her parents, had successfully run the company for many years. When she transferred the responsibility to her son William in 2001, he began to make several changes in order to expand the number of outlets, diversify the product offering, and cut costs in the company. In 2004, the company was having difficulties and Jane decided to be...Starting at €8.20