Fraud :: Free Essay Writer

Fraud Cut-off Fraud Fraud involves purposeful attempts to deceive, not good-faith disagreements on accounting treatments. One of the five basic methods companies used to boost up their profits is fraud in timing, which is also called cut-off fraud. This is done by recognizing profits early and liabilities and expenses late. â€Å"According to GAAP, revenue is recognized when the earnings process is complete and the rights of ownership have passed from seller to buyer.† There are three categories in revenue recognition fraud: 1) playing with time, 2) recording revenue when services are still due, 3) shipping merchandise before the sale is final. Playing with time is the most common way to commit revenue recognition fraud. It involves holding the books open past the end of the accounting period to accumulate more sales. For example, one such company actually set to stop there clock at the end of each quarter until targets sales are made. And all the sales would be counted as in the accounting period to boost up their sales. Another method for recognizing revenue early is booking the entire revenue amount when service is not completely rendered. Many companies ignore the percentage-of-completion contracts by taking the cash payments into income, fail to record offsetting accruals for services paid for in advance, and record refundable deposits as income. The last category is shipping merchandise before the sale is final. Consignment merchandi se is counted as being sold. A few companies also shipped merchandise to private warehouse for storage and counted it as being sold. If one person handle the same transaction from beginning to end, premature revenue recognition is easier to accomplish. The responsibilities of order entry, shipping, billing, accounts receivable detail and general ledge should be distributed among different employees. With several different employees handling the process, it’ll be more difficult to commit fraud.

Living Together Without Married

What are the advantages and disadvantages of living together without marriage There are many advantages and disadvantages in living together before marriage. Today there are many couples living together before marriage. Sometimes these kinds of relationships ‘living together before marriage' end up with success and sometimes they are unsuccessful. Some of the advantages of living together before marriage are such as getting to know your partner, learning about one's abilities if he/she can satisfy your expectations and more.Also, there are some disadvantages in living together before marriage and they are such as religious and family values, parenting problems and more. I think there are more advantages then disadvantages in living together before marriage, because sometimes disadvantages in this kind of relationship are avoidable. One of the advantages of living together before marriage is getting to know a person that you might marry with. It is important for a person to know almost everything about the other person that he/she is going to get marry with.However, it can’t be accomplish without living together for a while before getting married. People need to know how a person is handling his/her life from all aspects such as behavior, mental, financial and others before a person decides to get married with. This cannot be completed in a few days, therefore, it is important to live together for a while before deciding whether to get married or now. First of all,cohabitation will be a trial period before marriage.We encounter with divorces in our daily lives because of couples who do not know enough about each other. They do not know other's home life or disturbing behaviours during the relationship. These are realized when they get married and start to live together. In addition some marriage decisions are given in 2 or 3 months after they met first. At this period,having an assumption about each other is very difficult. Cauples can be aware of o ther's special life and behaviours in cohabitation.They can make a step to a strong marriage with living together before marriage. Secondly,in cohabitation there will be financial independence and no legal obligations for spouse. When the couples start to live together,they will just share rent,money of pills and basic needs of home such as shopping,cooking and cleaning. Except for these,they will continue to their daily lives like living alone. When woman want to buy new shoes,she does not need to think what her partner will say. She buys them and does not have obligation for her spouse.Couples will be independence their personal needs. At this point,cohabitation is more alluring than marriage. Finally,it is argued that living together without marriage is against moral standarts at the society. Although there are many people who think so,I believe that moral values can not affect how people make a decision. They do not live for maral values. They live for their happiness. If we get married immediately with our partner who we fall in love without information about her/him , a divorce is inevitable.At this point,moral values do not help to save our marriage. To sum up,cohabitation is a experiment before marriage for couples who want to get married at the end or a life style for couples who love each other without legal obligations and regulations. For most people cohabitation might seem against to moral values or lack of legal regulations. However,I firmly believe that happiness is more important than these values and legal regulations. Therefore,we should give up to integrate and affect people's decisions. They have to live how they want. Living Together Without Married What are the advantages and disadvantages of living together without marriage There are many advantages and disadvantages in living together before marriage. Today there are many couples living together before marriage. Sometimes these kinds of relationships ‘living together before marriage' end up with success and sometimes they are unsuccessful. Some of the advantages of living together before marriage are such as getting to know your partner, learning about one's abilities if he/she can satisfy your expectations and more.Also, there are some disadvantages in living together before marriage and they are such as religious and family values, parenting problems and more. I think there are more advantages then disadvantages in living together before marriage, because sometimes disadvantages in this kind of relationship are avoidable. One of the advantages of living together before marriage is getting to know a person that you might marry with. It is important for a person to know almost everything about the other person that he/she is going to get marry with.However, it can’t be accomplish without living together for a while before getting married. People need to know how a person is handling his/her life from all aspects such as behavior, mental, financial and others before a person decides to get married with. This cannot be completed in a few days, therefore, it is important to live together for a while before deciding whether to get married or now. First of all,cohabitation will be a trial period before marriage.We encounter with divorces in our daily lives because of couples who do not know enough about each other. They do not know other's home life or disturbing behaviours during the relationship. These are realized when they get married and start to live together. In addition some marriage decisions are given in 2 or 3 months after they met first. At this period,having an assumption about each other is very difficult. Cauples can be aware of o ther's special life and behaviours in cohabitation.They can make a step to a strong marriage with living together before marriage. Secondly,in cohabitation there will be financial independence and no legal obligations for spouse. When the couples start to live together,they will just share rent,money of pills and basic needs of home such as shopping,cooking and cleaning. Except for these,they will continue to their daily lives like living alone. When woman want to buy new shoes,she does not need to think what her partner will say. She buys them and does not have obligation for her spouse.Couples will be independence their personal needs. At this point,cohabitation is more alluring than marriage. Finally,it is argued that living together without marriage is against moral standarts at the society. Although there are many people who think so,I believe that moral values can not affect how people make a decision. They do not live for maral values. They live for their happiness. If we get married immediately with our partner who we fall in love without information about her/him , a divorce is inevitable.At this point,moral values do not help to save our marriage. To sum up,cohabitation is a experiment before marriage for couples who want to get married at the end or a life style for couples who love each other without legal obligations and regulations. For most people cohabitation might seem against to moral values or lack of legal regulations. However,I firmly believe that happiness is more important than these values and legal regulations. Therefore,we should give up to integrate and affect people's decisions. They have to live how they want.

The Relationship between Hunger and Poverty - 541 Words

Often missed is the relationship between hunger and poverty. Poverty is the principal cause of hunger. The cause of poverty includes lack of resources, an extremely unequal income distribution in the world, and hunger itself. There are a lot of politics influencing how food is produced, who it is produced by, and for what purpose the food is produced. It is not a matter of having availability, but rather of ability to pay. The ones with the most money command the most resources while those with little to no money go hungry. Tackling hunger by increasing food production is attacking symptoms of poverty only not root causes. Not fighting root causes and only fighting hunger will be costly. People will continue to be hungry and resources will continually divert to remedy hunger superficially. It would not relieve the conditions that create poverty in the first place. If poorer nations are not allowed to produce and create industry for themselves then poverty will continue. To greater un derstand while people are hungry you must stop thinking about food as something farmers grow for others to eat and begin thinking about it as something companies produce for others to buy. The problem is that people who don’t have enough money to buy food don’t count in the food equation. If you don’t have the money to buy food then no one is going to grow it for you. Ending hunger requires doing away with poverty or ensuring that people have enough money the means to buy, and create a marketShow MoreRelatedThe Poverty Of The Hunger Rebellion1671 Words   |  7 PagesThe Hunger Rebellion â€Å"The United States ranks near the bottom of the pack of wealthy nations on a measure of child poverty, according to a new report from UNICEF. Nearly one third of U.S. children live in households with an income below 60 percent of the national median income in 2008 - about $31,000 annually. In the richest nation in the world, one in three kids live in poverty.† according to Cristopher Ingraham, a political writer who previously worked at the Brookings Institution and the Pew ResearchRead MoreThe Millenium Declaration Goals 20001758 Words   |  7 Pagesextreme poverty and hunger 2. Achievement of universal primary education 3. Promotion of gender equality and empowerment of women, 4. Reduction of child mortality 5. Improvement in maternal health 6. Combating HIV/AIDS, malaria and other diseases, 7. Ensuring environmental sustainability and 8. Develop a global partnership for development. The accomplishing focus of these objectives is until 2015. Subsequently such advancement methodologies are critical to meet these objectives. Poverty is seriousRead MorePoverty And Its Effects On Society1566 Words   |  7 Pages Poverty is about not having enough money to meet basic needs including food, clothing and shelter. However poverty is more than not just having money. 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