A firm found that net income had been overstated. Which of the following errors could

over the past year and suspects accounting manipulation of cash flows. The least likely way for the company to have decreased its cash conversion cycle is by:

A.financing payables.

B.stretching out payables.

C.securitization of receivables.

could be the cause？ ()

A、Failure to covert unexpired insurance to insurance expense

B、No entry made to record purchase of land for cash on the last day of the year

C、Failure to record payment of an account payable on the last day of the year

D、Failure to make an adjusting entry to record revenue that had been earned but not yet billed to customers.

Ms Huang, a shareholder of the Daqing Limited Liability Company (Daqing), found that the general manager, Mr Ding, had accepted bribes from several suppliers, which materially caused losses to Daqing, and adversely affected the interests of all shareholders.

Further examination, through a Certified Public Accountant firm, disclosed that there were a lot of affiliated transactions between Daqing and Everbright Co, which was the majority shareholder of Daqing. Mr Ding was recommended by Everbright Co and appointed by Daqing’s board of directors, which was substantially influenced by Everbright Co. With a series of such transactions Daqing transferred huge profits to Everbright Co and adversely affected Daqing.

Required:

(a) State whether Ms Huang was entitled to take legal action against Mr Ding for his illegal behaviour of accepting bribes which adversely affected all the shareholders. (2 marks)

(b) State TWO different legal actions Ms Huang was entitled to take to protect the rights of Daqing and its shareholders due to the affiliated transactions with Everbright Co. (4 marks)

y found that if people have the ability to work from home and to compress work weeks, they are more likely to make healthier lifestyle. choices, to exercise more and to sleep better.

While the primary driver behind the flexibility movement was to help people, especially women, combine work and family, evidence suggests this is clearly not only a women's issue, Grzywacz, who reported the findings in the Journal of Occupational and Environmental Medicine, said.

The researchers looked at Health Risk Appraisals from employees in jobs ranging from warehouse and production workers to executives at a large multinational pharmaceutical company.

The firm used for the study is consistently recognized by Working Mother magazine as among the most family-friendly employers in the United States.

He said the research shows public health departments and organizations that they could get something out of giving their employees more flexibility.

ickly, for millions of low-and middle-income families, and【B2】the urgent housing【B3】brought on by such natural disasters【B4】floods and earthquakes.

A firm in Hatfield, Pennsylvania, the Universal Papertech Corporation, believes it has found one solution【B5】the problem: houses【B6】paper. The ultimate success of the paper houses will【B7】a great deal on breaking【B8】traditional patterns and concepts of home building and restrictive codes. One thing seems certain,【B9】: the shelter revolution is already【B10】.

The concept of paper houses was developed【B11】10 years ago by Universal. Six years ago the company supplied【B12】the then—current models【B13】emergency housing for thousands of migratory farm workers in California.【B14】the houses were new on the market, no one really knew just how long the unusual structures would【B15】. Today, in California【B16】still holding up well under the elements and【B17】are accommodating more people than at first. The manufacture now【B18】that the houses will have a useful life of at least 15 to 20 years.【B19】in the paper houses has spread beyond the U.S.【B20】a number of foreign countries.

【B1】

A．searching

B．searching for

C．searching in

D．searching into

ater she became president of Brown University. For the rest of the decade she apparently managed both roles without attracting much criticism. But by the end of 2009 Ms. Simmons was under fire for having sat on Goldman's compensation committee; how could she have let those enormous bonus payouts pass unremarked？ By February the next year Ms. Simmons had left the board. The position was just taking up too much time, she said.

Outside directors are supposed to serve as helpful, yet less biased, advisers on a firm's board. Having made their wealth and their reputations elsewhere, they presumably have enough independence to disagree with the chief executive's proposals. If the sky, and the share price, is falling, outside directors should be able to give advice based on having weathered their own crises.

The researchers from Ohio University used a database that covered more than 10, 000 firms and more than 64, 000 different directors between 1989 and 2004. Then they simply checked which directors stayed from one proxy statement to the next. The most likely reason for departing a board was age, so the researchers concentrated on those "surprise" disappearances by directors under the age of 70. They found that after a surprise departure, the probability that the company will subsequently have to restate earnings increases by nearly 20% . The likelihood of being named in a federal class-action lawsuit also increases, and the stock is likely to perform. worse. The effect tended to be larger for larger firms. Although a correlation between them leaving and subsequent bad performance at the firm is suggestive, it does not mean that such directors are always jumping off a sinking ship. Often they "trade up, " leaving riskier, smaller firms for larger and more stable firms.

But the researchers believe that outside directors have an easier time of avoiding a blow to their reputations if they leave a firm before bad news breaks, even if a review of history shows they were on the board at the time any wrongdoing occurred. Firms who want to keep their outside directors through tough times may have to create incentives. Otherwise outside directors will follow the example of Ms. Simmons, once again very popular on campus.

According to Paragraph 1, Ms. Simmons was criticized for_________.

A．gaining excessive profits

B．failing to fulfill her duty

C．refusing to make compromises

D．leaving the board in tough times

ness could save businesses ￡5 billion every year. Frequently hearing the phrase“thank you”or“well done”means the same to staff as a modest pay rise.

Praise and encouragement also makes employees more likely to work hard and stay in their jobs. In this way the business companies can save the cost of finding new employees. A third of 1,000 workers surveyed by a consulting firm said they did not get thanked at all when they did well-and a further third said they were not thanked enough. In both cases. staff said they felt undervalued，meaning they were less likely to exert themselves and were more likely to look for employment elsewhere.

The result of the survey shows that there would be around ￡5.2 billion loss in productivity if the employees felt less appreciated. According to the firm，praising staff has the same positive effect as a 1 per cent pay rise-and works out much cheaper for bosses. Three out of four employees said that regular acknowledgement by their bosses was important to them，but only a quarter said they were actually given as much praise as they felt they needed.

The survey found that those in blue-collar and manual jobs were less likely to be given any recognition for doing well. But it seems that they most need such praise.

In regional terms，Scottish staff felt most undervalued. Four out of ten workers said they were never thanked and eight out of ten said they would like more praise. However. workers in the North-East are less impressed by being praised by the boss，as only 69 per cent said they felt the need to be told“well done”regularly. Older employees and women need the most reassurance，according to psychologist Averil Leimon. She said that words of praise did more than creating a pleasant place to work-they could even promote profits.

The survey indicates that politeness could save businesses a huge amount of money every year because______.

A．politeness makes employees expect pay rise

B．politeness is less likely to make staff work harder

C．politeness helps employers find proper employees

D．politeness helps employers reduce the cost of staff employment

根据下面资料，回答题

Personal Assistant of the Year

O Anne-Marie Garrard was shocked when it was announced that she had won the

00 Personal Assistant of the Year award. "The other candidates seemed me

34 to be very strong， and I have to say I found that the selection procedure really

35 hard，" she says. "1 didn"t think I had any chance of winning. When I heard my

36 name， my legs were so weak I could only hardly stand up，" she laughs. So

37 how is "the best" personal assistant chosen from a group of so extremely good

38 and very different individuals？ The final decision was reached after a

39 day-long session of the tests， interviews and exercises. Garrard believes

40 the skills she uses in her job helped her how to perform. well. For instance， although

41 most of her work is for her company"s Managing Director， she works for six bosses

42 in all， so she always tries out to be prepared for anything that might happen.

43 As for the future， her firm has closed for its summer break now; as soon as

44 they will open again， there is a pay rise waiting for her. But Garrard is not

45 going to be relax. She says， "There"s always room for personal development. You must keep trying to improve."

34__________

查看材料

th America s Federal Trade Commission(FTC)announced that it had reached a【C2】______settlement with the giant social network over【C3】______that it had misled people about its use of their personal data. The details of the settlement make clear that Facebook, which【C4】______over 800 m users, betrayed its users trust. It is also notable because it appears to be part of a broader【C5】______by the FTC to craft a new privacy framework to deal with the rapid【C6】______of social networks in America. The regulator s findings come at a【C7】______moment for Facebook, which is said to be preparing for an initial public offering next year that could value it at around $100 billion. To【C8】______the way for its listing, the firm first needs to resolve its privacy【C9】______with regulators in America and Europe,【C10】______its willingness to negotiate the settlement【C11】______this week. Announcing the agreement, the FTC said it had found a number of cases where Facebook had made claims that were " unfair and deceptive, and【C12】______federal law". For instance, it【C13】______personally identifiable information to advertisers, and it failed to keep a promise to make photos and videos on deleted accounts【C14】______. The settlement does not【C15】______an admission by Facebook that it has broken the law, but it deeply【C16】______the company nonetheless. In a blog post published the same day, Mark Zuckerberg, Facebook s boss, tried to【C17】______the impact of the deal. First he claimed that " a small number of high-profile mistakes" were【C18】______the social networks "good history" on privacy. The FTC is not relying on Facebook to police itself. Among other things, the company will now have to seek consumers approval before it changes the way it shares their data. And it has agreed to an independent privacy audit every two years for the next 20 years. There is a clear pattern here. In separate cases over the past couple of years the FTC has insisted that Twitter and Google accept regular【C19】______audits, too, after each firm was accused of violating its customers privacy. The intent seems to be to create a regulatory regime that is tighter than the status quo,【C20】______one that still gives social networks plenty of room to innovate.

【C1】

A．setting

B．playing

C．lighting

D．turning