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WorksheetsThe Midnight Journal Entry
Total questions: 8
Worksheet time: 2mins
What do you think of when you read this case title "The Midnight Journal Entry"?
Something that happens during midnight
About accounting
About Journal Entry
Manipulation
About fraud
Who is the key protagonist?
Richard Okumoto the CFO of ESI
Jim the CEO of ESI
Jack the General Counsel of ESI
Mike Tetsui the Manager at the Japanese Office
Who is the person who lead the illegal journal entry adjustment?
Richard Okumoto the CFO of ESI
Jim the CEO of ESI
Jack the General Counsel of ESI
Mike Tetsui, Manager at the Japanese Office
How much is the amount of eliminated accrued liability of Asian employees’ benefits?
$ 800 million
$ 977 million
$ 987 miliion
.Who is the agent and principal in this case?
CEO and BOD of Audit Committee
CFO and CEO
CEO and BOD
CFO and BOD of Audit Committee
6.What is one of the factors that pressure CEO to made the illegal journal entry adjustment?
Personal financial pressure
Threats by BOD
Merger Decision
7.What is one of tools used in this case?
Stewardship Theory
Fraud Triangle Theory
Stakeholder Theory
What would you do if you are Richard?
Leave the company
Take further action
Ignore this issue
