The colors exercise was an interesting activity that helped me get to know myself a little bit more. I never really pay attention to the little details regarding my personality; I just act depending on the way I feel and following the way I was raised. The colors exercise made me stop for a second and think about myself, learn about myself, and learn how different but at the same time alike we all are. According to the exercise we did my personality color is gold with a score of 38 points, followed by green with a score of 36 points, on the third place is orange with 25 points, and at last blue with 21 points. I think that the colors exercise was accurate; when we were looking at the pictures to decide what color we thought we were, I was definitely trying to decide between gold and green. After taking the whole test, I noticed that my highest scores were those two same colors. I really think the gold color describes me really well. I am really practical, organized, provider, stable, punctual, dependable, painstaking, conservative, detailed, hard-working, consistent, structured, positive, reliable, etc. Those characteristics mentioned before are some of the main aspects that describe a gold person, which also describe me. I strongly identified myself with the explanations that the little pamphlet gave about gold. Some of them describe me more than others; for example, I am highly responsible and believe that work comes before play. I face this situation very often, where I have to decide whether I should go play and hang out with friends or just stay in and do homework. I am very neat, orderly and well organized; I hate to be around people that is not organized and that create a mess everywhere they go. It also bothers me a lot when people don’t follow rules or don’t do things the right way. I like to work hard to accomplish my goals and never stop until I reach them. Also, I dislike it when people change plans on me. So in general, I am really organized, disciplined, and like things to be done the right way. While I strongly agree with the fact that I am gold, I also have traits from the rest of the colors. Let me begin with blue; I also have my good side that cares about people and friendships. I am caring, sincere, romantic, nice, accepting, giving, true, etc. I like to talk about people’s feelings, to send and receive symbols of love, and I seek for sincere people. I really care about the people around me, especially my close friends. I am also curious, intellectual, logical, and analytical, traits that make me be green as well. I am always curious and like to analyze things, When I get into some kind of work, I don’t like to stop until I am done; so basically I have characteristics that make me be a green too. Sometimes I am spontaneous, really competitive, performer, excitable, adaptable, easy-going, and fun. I am always looking to do new and exciting things, sometimes I get bored of doing the same thing over and over. Even though I am gold, almost green, and blue and orange are our opposites, I can get along really well with my opposite colors. Obviously, having traits and characteristics from each color help me understand and get along with the people from the opposite colors. I think the trait that helps me the most to interact with different people is that I am able to adapt; I can adapt to different situations, circumstances, and personalities. For example, I am gold but my girlfriend is blue. I know that we are basically opposite colors but we get along really well. We have been dating for more than a year and we are still fine; we learned to get along with an opposite color, we adapted to each other. I have learned that it is important to deal with opposite colors because it is good to have different kinds of friends; if all of our friends have the same characteristics and tastes the relationships will be boring. That’s the way I see it. If we have different kinds of…
and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC
PATRICIA M. DECHOW, RICHARD G. SLOAN and AMY P. SWEENEY
The objective in this paper was to investigate the motives for and consequences of earnings manipulation in a sample of firms targeted by the SEC for allegedly overstating earnings. The paper examined the need for external financing which had received a small amount of attention in previous earning management literatures. This…
Introduction to Financial and management Accounting
Different Forms of Business Organizations
Different Forms of Business
Explain the characteristics of, and differences between the three main types of
Illustrate the differences in financial statement preparation for each form of entity.
The Big Three
· 1 owner
· personally liable
· Owner's Equity
· Owner Capital…
different data. The most common financial tools are: income statement, retained earnings statement, balance sheet, and statement of cash flows.
Income statement is a report that shows success or failure over a specific time (Kimmel, Weygandt, & Kieso, 2009) . This revenue and expenses, and determine the net income of the business (Kimmel, Weygandt, & Kieso, 2009). This is important for investors, and management. The knowledge of success or failure through net income or loss allow for…
Financial Management Goals
November 30, 2014
Financial Management Goals
In any corporation or organization, the goal of financial management is to maximize profits and minimize costs. It also must maintain positive trends and increases in revenue in order to be sustainable and continue growth. Another important goal of financial management is to be able to recognize risk factors to ensure shareholder investments are not compromised. Their goal is to appropriately track financial…
Waste Management Scandal
Dean Buntrock established Waste Management, Inc. in 1968. Its main purpose is to pick recycling and garbage up from residential housing and businesses. WM also disposes of the garbage in landfills. It has grown to be the largest garbage disposal company in the U.S. today. This company has managed to survive “one of the most egregious accounting frauds we have seen” said Thomas C. Newkirk of the SEC.
This accounting scandal lasted from 1992 to 1997 and was the result…
planes are equal in value; therefore, sales price II should be used.
Part II: Garbage Trucks
Summarize the charges against Waste Management in your own words.
The executives of Waste Management, in order to save their jobs and keep/increase their personal bonuses, manipulated financial records in order to give the appearance to investors that certain earnings targets were being met. This caused the company's stock to become inflated, and the defendants then sold it to many unsuspecting investors…
for a specific period of time. A firm's revenues, gains, expenses and losses are listed on the income statement. Revenue is money earned from a company’s normal business operations. The expenses on the income statement are the costs associated with earning the revenue. When a company sells one of its assets, it can experience a capital gain or loss. Revenues minus expenses, plus gains minus losses, equal net income or net loss. The dollar amount of net income listed on the income statement is also found…
Bank’s ‘manipulate’ cash earnings
Bank’s ‘manipulate’ cash earnings
PUBLISHED: 20 Sep 2012 PRINT EDITION: 20 Sep 2012 John Kehoe Banks are under pressure over remuneration policies which allow bankers to boost their pay artificially and potentially fork out unsustainable dividends, investors and analysts argued. Frustrated senior fund managers said on Wednesday they had lobbied bank boards to overhaul the use of “cash” or “underlying” earnings when determining senior banker remuneration…
ACCT7102 Individual Case Study Assignment:
‘Accounting Fraud at WorldCom’
Earnings Management is the accounting process of deliberately manipulating a company’s financial report to match or make a target. The procedure can also be considered income smoothing. The idea behind this is to even out the years profit and loss to show consistent fluid movement of sales rather than have periods of spiked sales or losses. This is achieved by adding or removing cash from reserve accounts, also…
highly unlikely that each piece of aircraft, especially at the values that we are talking about, would be worth identical amounts.
Part II: Garbage Trucks
1) The primary charges against Waste Management were that its management improperly eliminated or deferred expenses in order to inflate earnings. They did this by making unsupported changes in depreciation estimates (extending the useful lives of garbage trucks, containers, and equipment), failing to record expenses necessary to write off…