Accounting for Fitness Solutions
Congratulations! You just graduated with a business degree and accepted a new position with the investigative unit of the FBI’s white-collar crimes division. You are a leader on a team of law enforcement investigators called to examine alleged accounting fraud at Fitness Solutions. Fitness Solutions, headquartered in Dallas, Texas, is a publicly held company with two divisions; one division operates fitness clubs, and a second division distributes fitness equipment to retailers and directly to the public. This is Fitness Solutions' 6th year of business. Its product and service lines and target customer market continue to flourish. In July 2005 it became a public company by issuing shares of stock in the NASDAQ exchange.