Taking consideration of the following articles, solve the follwing question

by Joel Rosenblatt

The former chief financial officer of Autonomy Corp was found guilty of orchestrating an accounting fraud to arrive at the $US10.3 billion price Hewlett-Packard paid for the UK software maker more than six years ago.

A jury voted to convict Sushovan Hussain on Monday on all 16 counts of wire and securities fraud after three days of deliberations in San Francisco federal court.

Autonomy was the UK's second-largest software business when Hewlett-Packard acquired it in 2011. Hewlett-Packard later wrote down its value by $US8.8 billion, citing fraud by Autonomy and asking the US Justice Department to investigate.

The guilty verdict at least partially vindicates Hewlett-Packard. It also gives the company momentum as it heads toward a trial next year in London in a $US5 billion civil suit against Hussain and Autonomy co-founder and former chief executive officer Mike Lynch.

John Keker, Hussain's lawyer, declined to comment. Robert Leach and Adam Reeves, the lead US prosecutors, also declined to comment.

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The US accused Hussain of spinning his company's financials to create a false appearance of growth.

At trial the government presented emails, phone records, earnings statements, press releases, and even an alleged payment of "hush money" to show what prosecutor Adam Reeves called "a balance sheet of fraud".

'Ponzi scheme'

From 2009 to 2011, when most technology companies were struggling in the wake of the 2008 financial crisis, Hussain built a facade to "eek out consensus estimates" of Autonomy's revenue before the merger with Hewlett-Packard, Reeves said in his closing argument.

Autonomy by late 2011 had become an "unsustainable Ponzi scheme", he said, leading Hussain to exhort Lynch to sell the company. Hussain was "desperate", and "constantly anguishing, and looking for revenue", Reeves said.

Keker, Hussain's lawyer, argued that HP bought, and then hobbled, an increasingly profitable software company. It was one of a string of failed acquisitions requiring write-offs, a list that includes Palm, Compaq, and Electronic Data Systems, he said.

Keker described a Hewlett-Packard "machine" that deployed an army of company lawyers and consultants to support the government prosecution, which he said relies on false testimony from cooperating witnesses who buckled under "tremendous pressure".

"They're trying to make this Englishman into a criminal, when committing a crime was the furthest thing from his mind when he was working," Keker said, referring to Hussain during his closing argument. "Everybody gets a pass but he's supposed to be a criminal. This case belongs in a civil case in London where it already is."

This case is U.S. v. Hussain, 16-cr-00462, U.S. District Court, Northern District of California (San Francisco).

In your accounting career you will be required to analyse current accounting issues and communicate your theoretical understanding to your professional colleagues and your clients. For this assignment assume that you are the senior accountant working for a major firm. Question 1 - 9 marks (1,500 words) The CEO has forwarded to you an interesting article and requires you to provide her with a deeper theoretical understanding of the issues discussed so that she can fully engage in the lively discourse at an upcoming conference. You are required to find a newspaper article or web page report of an item of accounting news, i.e. it refers to a current event, consideration, comment or decision that has been published after the 1st of January 2018. Your article could also come from one of the professional journals. The article should not come from an academic journal. Academic journals generally do not contain news articles or articles of less than one page and are usually only published 2 or 4 times a year. If you are having a problem ensuring that your article is from an appropriate source contact your subject coordinator. You then need to explain the article that you have found in your own words and clearly relate the concepts, ideas and facts within the article to one or more of the theories or topics that you have studied this session. Support your analysis of the assumptions and implications of the topic or theory as appropriate with reference to sources in APA 6 style. For example, this article from the Sydney Morning Herald in April 2016 could be linked to the topics of accounting regulation and measurement (and perhaps others). You must provide a copy of the article or web page, with details of the source, date and page number with your answer.

What’s the best company culture. How will that organization ensure that the company culture continues through the years?

also, what is the role of the individual in the organization? Consider everyone from the janitor to the CEO.?

A founder owns 100% of their startup. They are offered an equity investment by a VC investor, accepts, and eventually, undergoes one more round of financing, with a new VC investor. The financing events are as follows: VC investor 1 steps in with $0.5 million at a pre-money value of $2 million; later, VC investor 2 contributes $3 million at a pre-money of $7 million; After the second round of investment, what is the worth in stock of the founder, of VC1, and of VC2? What percentage of the company does each own?

Janine has been an employee of Dress Me Inc. a national chain of clothing stores for women (the "Company") for the last 10 years. She began as a sales person and later, in 2017, after completing an MBA, was promoted by the Company to her current position as Senior Sales Manager. The position requires that Janine work regular office hours from Monday to Friday, as well as take occasional trips to visit major clients, which often exceed the traditional office hours. In January 2020, Janine was involved in a car accident that luckily did not leave her with any significant physical injury but the trauma is still evident. She suffers from bad quality of sleep and increased anxiety. She cannot drive anymore and using public transportation to visit clients does not really work. Janine requests to work in the form of fixed hours of work, weekdays only, 9:00am to 5:00pm with a 30 minute break at 12:00pm. She also requests to meet clients on zoom. The Company refuses her request. They say that it was vital that the hours of work of the Senior Sales Manager include occasional longer days and evenings to fit the needs of clients and that there is "an added value to client visits on site". If she can't do longer hours and visit clients -- they say -- she can go back to her old job as a sales person. Janine files a human rights complaint against the Company.

Briefly describe the legal arguments of both parties (Janine and the Company) in relation to the human rights complaint. [4 marks]

Imagine you are tasked with conducting a counseling intake interview with a 19 year old college student who is feeling sad, unmotivated, and worried about his grades. It is the student’s first semester at school, and he is finding that he has gone from being an A student in high school to a B- student in college. He has also moved 500 miles away from his hometown to attend school.

a number of counseling approaches (cognitive, humanistic, psychodynamic, and behavioral), that can be used to guide and understand an interview.

Which approach would you use to guide this intake interview? Explain why you think this approach is a good choice for this particular interview also, develop at least 5 questions for your interview and explain how the questions fit with the approach you chose.

On April 1, 2020, Darius acquired 2,000 ordinary shares at P48 per share in Alan Enterprises and classified the Equity investment FVOCI. In addition, the broker’s commissions for this transaction were P2,400. During 2020, Darius received P7,200 in cash dividends, and on July 1, 2020, a 5% stock dividend was issued. On December 1, Alan issued a 2-for-1- stock split. At December 31, 2020, the book value per ordinary share held by Darius is?

On 30 June 2020 the CEO has asked you to selectively revalue Land and Buildings to improve the balance sheet. You note that some of the Land and Buildings on the balance sheet have fair values higher than their carrying amounts while others have fair values lower than their carrying amounts. Furthermore, some items of Land & Buildings have fair values that are difficult to measure reliably. Explain to the CEO how the relevant Australian accounting standard limits opportunistic revaluation s.   

Empire Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020.

EMPIRE COMPANY
Income Statement
For the Month Ended October 31, 2020
Sales revenue               $795,000   
Less:   Operating expenses                  
Raw materials purchases       $264,600           
Direct labor cost       190,200           
Advertising expense       91,000           
Selling and administrative salaries       77,800           
Rent on factory facilities       61,000           
Depreciation on sales equipment       45,800           
Depreciation on factory equipment       32,500           
Indirect labor cost       28,200           
Utilities expense       11,600           
Insurance expense       8,300        811,000   
Net loss               $(16,000)  

Prior to October 2020, the company had been profitable every month. The company’s president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired additional information as follows.

1. Inventory balances at the beginning and end of October were:

October 1
October 31
Raw materials       $19,700       $36,000
Work in process       19,400       14,700
Finished goods       29,900       53,500

2. Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities.

Prepare a correct income statement for October 2020.

Coronado Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020.

Prepare a correct income statement for October 2020.

Prior to October 2020, the company had been profitable every month. The company’s president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired additional information as follows.

1. Inventory balances at the beginning and end of October were:

2. Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities.