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Powerpoint

Learning Goal: I’m working on a powerpoint project and need support to help me l

Learning Goal: I’m working on a powerpoint project and need support to help me learn.
Question One:
Income smoothing can be ethical or unethical depending on the situation. Income smoothing is keeping revenue consistent over periods of time by using accounting practices to move money across different years. An ethical example of income smoothing could move revenue to the following year if the following year is predicted to be down. If a company were to smooth their income with the intention of hiding the actual state of the company to the public and investors, then it would be considered unethical. The motivation behind the income smoothing performed by Cendant was to make profit. CFO Cosmo Corigiliano profited after selling inflated stock of the company. Walter A.Frobes, former chair of the board of directors, and E.Kirk Shelton, former vice chair also profited from selling off inflated stock. The income smoothing done by Cendant was not done with the intention of preparing for a bad year, it was done with the unethical intention of lying to investors and making profit off the lie.
Question Two:
Pressure:
The pressure was to inflate operating income to meet the financial results anticipated by Wall Street analysts consistently.
Opportunity:
EY auditors’ overreliance on the management representation letters provided, thus performing little substantive testing.
EY auditors’ failure to recognize the client’s establishment and use of the Cendant reserve did not conform with GAAP.Examples: Contradictory and inconsistent schedules pertaining to the reserves were provided to EY by the client. EY did not gain sufficient adequate analyses, documentation or support for changes.
Rationalization:
By meeting the earnings projections through income smoothing, CUC wanted to portray a smooth and steady increase of earnings year after year. This would attract potential investors.
Most of the officers involved in this fraud profited individually, by selling CUC and/or Cendant securities at inflated prices.
Question Four:
Trust is essential when it comes to forming professionalism between auditors and clients. In Cendant Corporation Case, we can see a glimpse of the fraudulent activities of CUC, the direct marketing business that was once deceitful during the merger with HFS Inc. As the case stated that Cendant Corporation was created from CUC and HFS Inc, Cendant Corporation’s internal investigations disclosed that the CUC managers take most of Cendant’s managerial roles. It revealed that they had been engaged in false earning statements for up to three years, aiming for the merger with HFS Inc. to coincide with analysts’ estimates. CUC leaders’ culture or bad habits are transferred to Cendant Corporation, and it becomes a culture for them to modify accounting practices and make them more presentable in the eyes of the public and shareholders. Unfortunately, mergers saw opportunities for fraudulent activities and to pour their greed and pride. The Cendant Corporation hierarchies, once holding CUC managerial roles, began to implement various adjustments in the income statement and balance sheet. Low-level managers started to adopt the process as usual. They wouldn’t see the problem doing those fraudulent activities because it became their culture that had developed for years. The trust between auditors and Cendant Corporation broke down due to the authority’s misinfluence, and the Cendant Corporation’s accountants couldn’t see the wrongdoing due to the misinfluence of their managers. Suppose the accountant itself could detect the fraudulent activities at work; however, end up providing all those false statements to the auditors for years and years. In that case, no auditors could trust Cendant Corporation, and in unfortunate circumstances, Cendant Corporation got involved in unethical accounting procedures to run the company..
Question Five:
Auditors should be expected to discover fraud at a reasonable assurance level. This means exercising due professional care and maintaining professional skepticism when conducting the audit.
For example, due care in this case would involve requesting for documentation and support for changes made in the schedules related to the Cendant reserves.
When due care is practiced, auditors can detect most errors, fraud or illegal acts.
There are situations where auditors will not be able to discover fraud, despite exercising a high level of due care, because clients tried their best to hide any suspicious activity from the auditors.
In this case, there were multiple red flags that EY auditors did not catch, such as unsupported, post-closing entries, keeping rejects and cancellations off the books, and inconsistent schedules with the Cendant reserves.
CUC and Cendant misled the EY auditors into believing that the financial statements were legitimate.

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Powerpoint

Learning Goal: I’m working on a powerpoint presentation and need an explanation

Learning Goal: I’m working on a powerpoint presentation and need an explanation and answer to help me learn.
Using Porter’s Five Forces Model, personal Critical Success Factors (CSFs), and personal Key Performance Indicators (KPIs), explain how you will overcome threats from each of the five forces while achieving your professional goal(s) after graduation from the MS-IST Program. In the introduction of your presentation, you must identify and define at least one of your post-graduation professional goals.
Use the questions below to guide your presentation:
How will you leverage your knowledge and expertise to increase your competitive advantage?
What Critical Success Factors (CSFs) and Key Performance Indicators (KPIs) will you use to measure your improved efficiency and increased effectiveness in meeting your professional goals and objectives?
What personal strategies will you employ in maintaining relevance in the job market?

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Powerpoint

Quality Children’s Literature and Quality Read-Aloud Experiences

PowerPoint Presentation on Quality Children’s Literature and Quality Read-Aloud Experiences
Scenario
You are a teacher at an early learning center that serves children from infancy through early elementary (K–3) age. You have a passion for children’s books and have worked hard to educate yourself on the characteristics of quality children’s literature across multiple genres. To communicate your love of books and reading to the children you work with, you have also developed your skill and talent for reading aloud to children. Through tone, cadence, animated expressions, enthusiasm, or even earnest solemnity, the artistry of storytelling can create a unique shared experience while nurturing positive dispositions toward reading and language learning.
With this knowledge and experience in mind, you decide to share what you have learned about quality children’s literature and quality read-aloud experiences with your colleagues through a PowerPoint Presentation.
Part One recommends quality fiction and nonfiction books across multiple genres for a specific age group, and explains information and examples for evaluating children’s literature based on guidelines for quality;
Identify four children’s books appropriate for your target age group:Two or three fiction books, each representing a different genre (e.g., fantasy, folklore, realistic fiction);
One or two nonfiction books, each representing a different genre or topic (e.g., biography; informational book on a specific theme, such as animals, families, different cultures).
Evaluate each book using the resource “Ten Steps for Reviewing Children’s Books” at https://www.uua.org/files/documents/derman-sparkslouise/1206_233_review_books.pdf and other appropriate criteria from any of the other resources provided in Topic 1, Activities 2 and 3, of this Competency.
Ensure that the four books you select represent the following:Each book meets guidelines for quality, including two specific examples you can explain in your evaluation;
Each book is characteristic of the specific genre;
Each book has qualities that make it a good choice for promoting children’s positive dispositions toward reading and language learning;
PowerPoint Layout!
Title Slide: “Evaluating Quality Literature and Quality Read-Aloud Experiences for Young Children”
Part One Introduction: Quality Literature for Young Children (1 slide)Identify the age group you are addressing;
Explain three key criteria that you used to select books for your target age group.
Part One 4 Featured Books (8 slides/2 slides per book)
For each of the four books you have selected and evaluated:Identify the title, author, and genre;
Briefly summarize the book’s key characters, events, and/or themes;
Explain how the book is characteristic of the specific genre;
Explain why the book is an appropriate choice for your target age group;
Explain your evaluation of the book based on quality standards, including at least two examples of how the book is free of misinformation and stereotypes identified in “Ten Steps to Reviewing Children’s Books”;
Explain how this high-quality book can support positive dispositions toward reading and language learning in young children.
Part One Summary (1 slide)
Explain your three top tips for evaluating quality children’s literature for your target age group
Part Two Summary (1 slide)Explain at least three reasons why reading aloud to children can promote positive dispositions toward reading and language learning.
References (1 slide)Cite all resources used in creating Parts One and Two of your PowerPoint Presentation in APA style.