Introduce yourself to the Admissions Committe

The company 's manipulation in accrual could be found in releasing the same with the required analysis even it was in excess of the amount required . Even in case of excess accruals , the company did not cause them to be effected at the time of identification . What happened rather was for certain line cost accruals to have been kept as rainy day funds and managers caused only their release when needed . It appears that everything was really in the control of the perpetrators which included key accounting and finance officers since the accounting

information was almost being manipulated to serve their selfish purpose as when there is a felt need to improve results

There could only be malice for this kind of behavior since accounting information as supposed to be reported because standards require them to be such . Another manipulation in the accrual as found by investigators was the release of accruals that are applicable for other purposes thus further again understating the expenses to attain the targeted level of profitability as promised to the investors by the manipulators

The inappropriate releases of had commonality in features since they appear directed Chief Finance Officer Sullivan , Controller Myers and Accounting Yates who are incidentally part of the finance organization in the company . Another is the fact that released occurred not during ordinary or normal day to day operations but during adjustment periods after the end of each quarter and documentation are lacking and employees involved have raised concerns at time because they knew what was indeed happening to the company

The company has fundamentally worn out available accruals at the most possible means to address the needed manipulation of line costs as reported in its financial report by the end of 2000 , The following quarter of 2001 and one year after...