The 2008 housing crisis in the U.S., which caused many U.S. banks and financial institutions to fail, had global ramifications. Japan was not immune to its effects and experienced its largest recession since World War II. Japan's Gross Domestic Product (GDP) fell by 9 percent, causing many Japanese businesses to report earnings well below targets. Despite rebounding slightly in 2010 as a result of government monetary policy, the economy suffered another setback from the earthquake in 2011. Damages from the earthquake amounted to approximately 25 trillion yen or about $300 billion. The earthquake caused a 2.6 percent decline in Japan's GDP in the first half of 2011. It rebounded a bit in the second half of 2011, but another recession hit in 2012, which carried over into 2013. In summary, while other parts of the world experienced a recession stemming from the 2007 subprime mortgage crisis, Japan experienced three adverse...
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1 August 2019
Research Article|
August 01 2019
Unmasking the Fraud at Toshiba
Dennis H. Caplan
;
Dennis H. Caplan
University at Albany, SUNY
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Saurav K. Dutta;
Saurav K. Dutta
Curtin University
University at Albany, SUNY
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David J. Marcinko
David J. Marcinko
University at Albany, SUNY
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The authors thank participants at the Accounting Education: Earnings Management and Fraud concurrent session of the 2018 American Accounting Association Annual Meeting, especially Mahendra Gujarathi and the manuscript's discussant, Michael Ozlanski.
Please do not make the Teaching Notes available to students or post them on websites.
Supplemental material can be accessed by clicking the link in Appendix A.
Editor's note: Accepted by Valaria P. Vendrzyk.
Received:
May 01 2017
Accepted:
March 01 2019
2019
Issues in Accounting Education Teaching Notes (2019) 34 (3): 19–28.
Citation
Dennis H. Caplan, Saurav K. Dutta, David J. Marcinko; Unmasking the Fraud at Toshiba. Issues in Accounting Education Teaching Notes 1 August 2019; 34 (3): 19–28. https://doi.org/10.5555/iace-52429tn
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