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View Homework Help – Harnischferger Case from ACG at Florida International University. Harnischfeger Corporation 1. Describe clearly the accounting. Agenda Case Facts Strategy Analysis Accounting Analysis. Directions Read the “Harnischfeger Corp” case study and answer the following questions. Submit your completed assignment no later than the last day of Week .

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Harnischfeger Corporation

Inan estimate of 6. This resulted in a change in sales calculation. However, if lenders recognize this possibility, lending agreements would be modified to avoid this possibility as long as the cost of such a modification is not significant.

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Change in the recognition of some types of sales. The earlier philosophy of this company was to choose the conservative alternative whenever there was a choice. As can be seen, Harnischfeger seems to have succeeded in implementing its ccase effectively. Without additional research, it is difficult to make conclusive statements on this issue.

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They argue that there are some sophisticated analysts who could perform the analysis that was done in the class. We will write a custom essay sample on Harnischfeger Corporation specifically for you. How to Write a Summary of an Article? The earlier philosophy of this company was to choose the conservative alternative whenever there was a choice. How much did the pre-tax income increase as a result of the changed ratio in tsudy The reduction in benefits and wedges were significant from to Are these changes likely to affect future profits?


Change in the fiscal year for some foreign subsidiaries. But suppose they do not adjust. As a result of going to strait-line the company also has changed its estimated depreciation lives on certain U.

I am not sure whether people make the adjustments or not, but either way we wish to present an optimistic version of the picture and let people figure out what to do with the numbers. They cannot fully predict the outcome of these changes but history shows; however, we know they were experiencing a drop in sales this would also mean that they were giving less use to their machinery, and that would cause less wear and tear to the machinery justifying and increase on the useful life of the asset.

This is just a sample. Halsey In this chapter, we will cover the four financial statements that are provided by companies to shareholders and other interested. From the other side, the workers would suffer a significant economic lost and could lose the motivation to work for the company.

Feedback Privacy Policy Feedback. Change in employee pension plans.

Harnischfeger Corporation | Free Essays –

Then clearly we are better off following the more liberal policies than conservative policies. In accounting there is no such thing as absolute truth. Goessel was the president and COO, and Mr. If you wish to download it, please recommend it to your friends in any harniscyfeger system. As a company you have to put the best foot forward if you want to raise capital, convince customers that you are a viable company, and attract talented people to work for the company.


C Prentice Hall, Inc. Thanks for being a serene listener. The instructor can sum up the class discussion on question 2 by mentioning the views of the management described above.

Describe clearly the accounting changes Harnischfeger made in as stated in Note 2 of its financial statements. The company adjusted its allowance for doubtful accounts to 6.

Now we have decided to change this. Studu feel that the financial reporting should help rather than hinder the implementation of our operating strategy.

Change in the use LIFO liquidation in inventory valuation. If people adjust for the differences in accounting policies when they compare us with other companies, then it should not matter whether we follow conservative or liberal policies.

Accelerated depreciation makes cost appear too high. We would like to tell the world that we are alive and well.