Livent Inc.: An Instructional Case Study
According to the study based on Livent, Inc.- An Instructional Case, The former senior management of Livent engaged in a multi-faceted and fraud accounting since eight years. As a further result of the scheme, Drabinsky and Gottlieb’s elaborated their Fraudulent Kickbacks, Fraudulent Manipulation of Livent’s Books and Records to accomplish in quarterly periods and meet the earnings which they provided to Wall Street analysts. Further more three Accounting Manipulations were found by transferring production costs for shows to fixed asset accounts such as construction of theaters. And according to Livent’s accounting policy, preproduction costs are expensed through amortization once a production begins, not exceeding five years. Fixed assets