9 Step Problem-Solving Model - Riordan Manufacturing
Running head: PROBLEM SOLUTION: RIORDAN MANUFACTURING
Problem Solution: Riordan Manufacturing
Problem Solution: Riordan Manufacturing
The objective of this paper is to demonstrate a systematic approach using the 9-step Problem-Solving Model to provide Riordan Manufacturing....
Accounting Fraud at WorldCom
Problem Statement
This section reviews the events that lead up to the failure of Worldcom. The root cause review evaluates the problem similar to that of a fire. Like in all fires, multiple factors must contribute to the event. The presence of these contributing factors does not necessarily equat....
Accounting Overview
A business starts with an idea and a product or service. Eventually the idea blossoms into profit and continual growth of the company. This obviously is not the situation with every business which is formed, but more of the ideal outlook a business owner or manager is determined to fulfill. To fu....
An individuals work achievement can be best predicted by measuring their intelligence. Discuss.
The word ‘intelligence’ derives from the Latin root word ‘to understand’ which in fact varies from with our initial impressions of intelligence as an individual being ‘‘bright’’ or ‘‘on the ball’’. Intelligence can be defined as something such as a skill or obtained knowledge from either....
Azurix water debate
There is a major debate brewing in the Florida water districts. The discussion concerns a company called Azurix and their novel offer. Azurix is a spin-off the huge Houston based gas and oil company Enron. The offer: in exchange for financing a portion of the four billion-dollar everglades clean up,....
Can Capitalism Lead to Human Happiness?
Capitalism is good at meeting many of our wants but has big blind spots when it comes to others, such as family relationships, a sense of community. Capitalism, by unleashing rapid changes in technology, business organization, and social and economic status, sometimes undermines institutions and sy....
Cash Management
A business' cash flow can be compared to the engine in ones car or the heart in a human body. No car will run without an engine, and the heart needs to keep pumping in order for a human to survive. Cash flow is the "heart" or "engine of a business and the goal behind cash flow managemen....
Cash Management
A business' cash flow can be compared to the engine in ones car or the heart in a human body.
No car will run without an engine, and the heart needs to keep pumping in order for a human to
survive. Cash flow is the "heart" or "engine of a business and the goal behind cash flow
manageme....
CFO - The New Superman
In 2004, Alice Hohler wrote an article for the Financial News entitled "Companies figure out the expanded roles of CFO's". In this article, she states the increasing responsibilities and job description and the reasons behind the role change. Previously, the CFO was basically there to ....
collapse of worldcom and the butterfly effect in australia
AUDITING, THEORY AND PRACTICE
PREPARED BY: UNISA STUDENT UNDERGROUND BOARD (SUB)
ASSIGNMENT ONE
a) Outline some of the major changes that have occurred in the area of independence in Australia and overseas since 2002.
b) Do you think the changes outlined in your answer to part (a) abo....
Communist Manifesto
Communist Manifesto
The three fundamental problems of the economic system of capitalism are monopolies and oligopolies, the boom and bust cycles, and the disparity between the rich and the poor. However, even though governments around the world probably know this, they still use this sy....
Consumer Trust, Social Marketing and Ethics of Welfare Exchange
The purpose of this paper is to explain welfare exchange in todayÂ’s business and exchange in markets and society in todayÂ’s era. People believe that the exchange in consumers and organizations is also called or known as social marketing. The global competition in business success the todayÂ’s er....
Corporate Compliance Benchmarking
Introduction
[In the corporate governance and compliance arena, Sarbanes Oxley Act has commanded considerable attention. Developed in response to accounting scares that rocked the business world, SOX has introduced significant legislative changes to corporate governance and financial reporting....
Corporate Governance
Corporate Governance reduces risk of law suites by employee or third party
History
Corporate governance has become a subject of heightened importance and attention in government policy circles, academia, and the popular press throughout the developed/developing countries. The recent financ....
Corporate Governance Benchmarking
The scope of corporate responsibilities has raised questions that go to the heart of the purposes and roles of the modern corporation. Such debates include whether corporations exist simply to maximize the value of its shareholders investments, or should a corporation recognize the interests of stak....
Corporate Social Responsibility
Corporate social responsibility (CSR) is an expression used to describe what some see as a companyÂ’s obligation to be sensitive to the needs of all of the stakeholders in its business operations. CompanyÂ’s stakeholders are all those who are influenced by, or can influence, a companyÂ’s decisions a....
Developing an Ethical Program: A Must Have in Our Society
As we have read through this class in our case studies many organizations have been found guilty of committing white collar and fraudulent crimes. Enron, Tyco and the infamous Madoff stories make the top ten when we think of organizations that have been flowing and operating in heavy misconduct. Th....
Downfall of Enron
The downfall of Enron Corporation is one of the most infamous and shocking events in financial world in the whole history of the mankind, and its reverberations were felt on global scale. Prior to its collapse in 2001, Enron was one of the US leading companies and frequently considered among top 10 ....
Drinking Age
“You've got to fight for your right to party!"
Drinking is a privilege that has been in this country since its founding. It was briefly taken away during prohibition, but society's favor of alcohol showed its strength with the repeal of prohibition. After prohibition, alcohol was legally available....
Duke Energy
Research Team
Lawrence Montgomery
Hussein Sheikh
Purpose
To research and to conclude whether Duke Energy Inc. should establish and invest in the developing country of Somalia.
Conclusion
As the research and development team of Duke Energy Inc., we believe i....
Efforts needed from auditors and corporations to improve ethics in business
A number of major corporate accounting scandals and business failures including Enron and WorldCom in 2001 and early 2002 drew world concern about ethics of both professional accounting and corporations. People came to realize that the existing regulations cannot guarantee absence of misstatement in....
Enron
Evaluation of Accounting in Enron, Xerox, Worldcom Scandals
Uploaded by parag0n on Jun 19, 2005
________________________________________
Critically evaluate the role of the accountancy profession in recent corporate scandals such as Enron, Xerox and WorldCom
It is expected that the acco....
Enron
The Enron Trial
Fortune magazine named Enron the most innovative company in 2001. Enron ranked seventh in the list of Fortune 500 companies. The companyÂ’s shares had been selling at a high price, giving high returns to its investors, but a series of accounting scandals led to the fall in the share....
Enron - A Tale of Little Assets and Creative Accounting
Enron - A Tale of Little Assets
and Creative Accounting
What do you do when you are not making lots of money fast enough – you make it on paper. Welcome to Enron. One of America’s largest corporations was built on a system of accounting practices and home-made subsidiaries that shifted lo....
ENRON ethical case study
The issue of a financial cover up and misrepresentation begins in 1986, when Kenneth L. Lay became CEO of Enron and in the later years partook in illegal acts deemed to be unethical. Lay a CEO of a billion dollar corporation claims that he knew little of what types of activities were taking place, ....
Enron Ethics Article
Supreme Court declines to hear Enron case
The article I have reviewed pertains to the Supreme Court’s decision not to hear the Enron case. “The Supreme Court dealt a blow Tuesday to Enron investors who sued major investment banks to recover money lost when the Texas energy giant collapsed am....
Enron Scandal
Enron Scandal:
Bad Business Practices
EnronÂ’s corporate scandal had reportedly housed one of the largest accounting frauds in history. Enron was a once viable, working in diverse areas of business, until it began to employ bad business practices. EnronÂ’s demise was a result of bad ethical busin....
ethics and conceptual framework
Conceptual Framework
The conceptual framework developed by the FASB is a system of objectives and fundamentals that sets the nature, function, and limitations of financial reporting. This system identifies goals, purposes, and concepts of financial reporting. The system also establishes assistance....
Ethics and Leadership
In recent years, ethics in the corporate workplace has primarily focused on unethical accounting practices. Cases from corporate giants like Enron, Tyco and Adelphia Communications have been in the spotlight for this very reason. While these cases clearly illustrate unethical practices, it is import....
Ethics Article Review -- Enron and Beyond: What’s the ‘Worldcom’ing To?
Ethics Article Review
Title of the article: Enron and Beyond: What’s the ‘Worldcom’ing To?
A. Briefly summarize the article: This article written by William Thomas and Thomas Morris (2003) discusses the Enron and WorldCom accounting scandals. In April of 2002, internal auditors discovered ....
Ethics in Accounting and Decision Making
Ethics in Accounting and Decision Making:
Key Concepts and Techniques
FINANCE
Ethics in Accounting and Decision Making:
Key Concepts and Techniques
The purpose of ethics is to direct men and women to abide by a code of conduct that facilitates, if....
Ethics in Accounting and Financial Decision Making
Ethics in Accounting and Financial Decision Making
The article I have reviewed pertains to the ethical and financial disaster of the Enron Corporation. According to Fox (2003), Enron was a corporation which employed approximately 21,000 people and was one of the worldÂ’s leading communications, ....
Ethics in Review
Ethics in accounting and financial decision making can be an area that could considerably impact an organization. Ethics examines principals and morals and could many times get personal if the boundaries are not structured within the organization. In an article written by Fortune Magazines senior....
examining a business failure - enron
Enron was a United States based energy organization based in Houston, Texas. At its peak, this organization employed approximately 22,000 people and claimed revenues of approximately $100 billion through the operation of “electricity, natural gas, pulp and paper, and communications companies” (Wi....
External Audit (Threats and Opportunities ) of American Airlines after terrorism attacks
External Threats:
1) The negative effects of September 11 2001 - The threat of terrorism.
American AirlinesÂ’ revenues for the first quarter of 2002, showed a decline of $624 million from the first quarter of 2001 and the net income was a negative of $575 million, whereas the net income for the ....
Fall of Enron
In 2001 Enron Corporation, energy and commodities trading company, became the
largest company ever to file for Chapter 11 bankruptcy protection. Many people lost their
jobs, retirement and in one case their life. This is the story behind it.
In 1985 two of the largest natural gas compa....
FASB and IASB Joint project
FASB and IASB
People have been keeping track of their money and recording details of transactions for thousands of years. Not until the 15th century, however, did accounting gain structure that is similar to what is in wide use today. Fra Luca Pacioli wrote books about a ....
financial decision making
Financial Decision-making is one of the most important things in our business world today. In todayÂ’s diverse world, ethics in accounting and financial decision- making is a process that many organizations have trouble dealing with. Many organizations put emphasis on ethics and the financial decisi....
Financial Statement
Financial Reporting
There are three main objectives of financial reporting which focus on enlightening investors and creditors with the necessary information about the firmÂ’s financial situtation, making investors and creditors analyze their future cash flows in terms of the amount, timing and u....
Forensic Accounting
Introduction
When you think of the term forensics, what comes to mind? For the younger readers CSI probably rings a bell, while the elder crowd would probably think of Quincy. Both TV shows glorified the acts of forensics in a medical sense. But a lesser-known form of forensics has been growing....
four types of economic systems
The four types of economic system are communism, socialism, capitalism, and mixed economies. First communism is described as a society in which the people regardless of class own all the nations resources. The people through the government own and operate all businesses and factors of production. Co....
Impact of business scandals on auditing profession - Adelphia scandal
INTRODUCTION
Code of ethics and professional conduct of auditors are major principles that have been directed by guidelines of independence, integrity, disinterest, objectivity and by a fear not to do anything that might cause ill repute of auditing as a profession (Flint, 1988). Even though ....
Insider Trading Legislation
Insider Trading Legislation
Drawbacks, Issues and Alternatives
Introduction
Insider trading has recently come to the forefront of ethical issues within the business environment. With recent scandals concerning World....
Is The American Dream Killing You - Morals in The Market
Driving to the college one Saturday morning, I tuned into a non-profit radio station to which I enjoy listening. Instead of my favorite genre of music, a talk show was in progress. As my mind drifted, my consciousness was captured by the words “so, are you saying that people think of The Mar....
machiavellis ideas
Theoretical Essay: MachiavelliÂ’s ideas of power.
Niccolo Machiavelli was an Italian political thinker and historical figure at the turning point of the Middle Ages and the Modern World. He composed many important writings such as ‘The Prince’, which talks of how to gain, maintain and centrali....
Main forces that led to changes in the banking industry
Introduction
Throughout the history, banking sector has been the backbone of the worldwide economy, supplying funds for infrastructure, innovation, job foundation and global prosperity. Even though the fundamental functions executed within the financial service industry have remained moderately....
Management Planning Paper
In management, each of the four functions, planning, organizing, leading, and controlling, are crucial to the development of any business. "Planning" means setting performance expectations and goals for groups and individuals to channel their efforts toward achieving organizational objectives; it al....
Management: Planning and Ethics
Planning and Ethics
William Lowe
01/09/2007
Business planning and ethics have become headline news in the past decade. Ford Pinto, Exxon Valdez, Enron, WorldCom, Pan Pharmaceuticals, and Nike are just a few of the companies to make headlines due to their lack of social responsibility and the m....
Municipal full-time and part-time benefits
Many headlines have surfaced in recent years, about the concerns of the troubles regarding fiscal benefits of employees in the private sector. Scandals, such as the collapse of Enron and the thievery of employee monetary benefits, have created public debates over the managing of such plans by corpo....
Nexity and the U.S. Banking Industry
After raising $22.5 million and acquired Peoples State Bank of Grant Alabama, an online bank in 1999 was established by the name of Nexity Financial Corporation. Nexity Financial wanted to take a new approach on the banking industry. Its main focus was to provide financial services that were conveni....
NON CONSOLIDATION ACCOUNTING POLICIES OF SPECIAL PURPOSE ENTITIES BEHIND ENRON ISSUE
1 Introduction
Though the US accounting standard was firstly designed to be principle-based, it has become more rule-based by its complex and lengthy GAAP .It implies that the application of GAAP can always result in a ¡°true and fair¡± presentation.
But that is not always the case. Accou....
Organizational Efficiency in Managing Data Warehousing and Data Mining
Prior to the advent of computerized databases, maintaining customers and suppliers information involved collecting paper files. These files would eventually require obtaining space to address the accumulation of paper and boxes. Storage comes at a cost, usually in terms of rent. One of a firm's p....
Pension Plans
Pension Plans: Your Future Money
“Pension Plans: Your Future Money”
Table of Contents
Topic Page
AbstractÂ…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â….2
IntroductionÂ…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…...3
Types of Pension PlansÂ…Â…Â…Â…Â…Â....
Pigs at the Trough
The chief executive officers inside the corporations of today play a huge role in deciding what the company will do with its money. Making this decision canÂ’t be an easy one or, at least in my point of view, itÂ’s quite an undertaking. Literally so much money to play around with- so many options ....
Porpuse of Accounting and its role in Business
1) Describe the purpose of accounting and explain its role in business.
Today, individuals conduct all businesses or organisations, private or public sector need to survive in this competitive environment. Therefore, the business decision maker of a company, for example, regularly needs updated a....
Problem Solution of CareNetWest
CareNet West
Somewhere between finishing medical school, receiving a license to practice medicine and donning the trademark “white coat” of a physician, a ceremony with family and friends, a welcome by school administrators, an inspirational message delivered by a role model and a swearing of an ....
Riordan Generic
Riordan Generic Benchmarking
Riordan has many challenges to consider with respect to their HR system such as compensation, motivational factors, and succession planning. Companies such as Chick-fil-A, Google, Dell, and General Electric are all examples of how and why a successful HR system works.....
role of trust in leadership
EXECUTIVE SUMMARY
This research topic will be talking about the role of trust in leadership. And how trust plays an important role in various organisational behaviours like; motivation communication team building and empowerment, and why is it important for a leader to build trust and credi....
Sarbanes Oxley
Four years ago, in the wake of Enron and several accounting fiascos, Sen. Paul Sarbanes of Maryland and Rep. Michael G. Oxley of Ohio felt they needed a new tool -- one that could be used to stamp an unfortunately steady stream of corporate malfeasance. They got it with overwhelming support in both ....
Sarbanes-Oxley
MDC Consulting
January 15, 2003
TO: Michael Justin, CEO Aguri Industries
FROM: MDC Consulting
VIA: Mr. James Brown
SUBJ: SARBANES-OXLEY ACT
In response to your request, our team has examined the effects that the Sarbanes-Oxley Act of 2002, will have on your company, w....
Sarbanes-Oxley Act of 2002 and IT Controls
Introduction
The Sarbanes-Oxley Act of 2002 (SOX) is the public company accounting reform and investor protection act signed into law on July 30, 2002 in response to a number of Fortune 500 companies� involvement in corporate and accounting scandals. These widely published corporate debacles....
Sarbanes-Oxley: Cost of Doing Business
Sarbanes-Oxley: Cost of Doing Business
Presented to the faculty of the
School of Business
Of
In Partial Completion of the Requirements
For the degree of
Masters of Business Administration
By
April 24, 2006
Abstract
This paper reviews the debate of....
Section 404 of the Sarbanes- Oxley Act poses a threat to U.S. jobs
Section 404 of the Sarbanes- Oxley Act poses a threat to U.S. jobs
Section 404 of the Sarbanes- Oxley act is a huge negative and needs to be repealed or modified because it is a threat to US jobs. Requirements of section 404 are to include in the annual report on internal control the following: ....
Strategies for Competitive Environment
Today competitive landscapes of industries are experiencing volatile shifts due to global economic conditions. Organizations have to explore different avenues to maintain and subsequently increase market share and growth. Unfortunately, organizations are experiencing downward spiraling of profit....
The Bathsheba Syndrome and the Importance of Ethics Training
The Bathsheba Syndrome and the Importance of Ethics Training
Plato once said, “good people do not need laws to tell them to act responsibly, while bad people will find a way around the laws”. In this essay I want to examine how this statement relates to the Bathsheba syndrome. Is it only b....
The Enron Disaster
Enrîn Cîrpîrà tiîn is à n energy cîmpà ny bà sed in Hîustîn, Texà s. Priîr tî its bà nkruptcy in là te 2001, Enrîn emplîyed à rîund 21,000 peîple à nd wàs îne îf the wîrld’s leà ding electricity, nà turà l gà s, à nd cîmmunicà tiîns cîmpà nies, with clà imed revenues îf $101 bi....
the forgotten strategy: arbitrage
It was a Coca-Cola CEO, the late Roberto Goizueta, who declared in 1996: "The labels 'international' and 'domestic' no longer apply." His globalisation program, often summarised under the tagline "think global, act global", had included an unprecedented amount of standardisation. By the time he died....
The Insider Trading Effect on the Economy
The Insider Trading Effect on the Economy
The ripple effect from insider trading is said to damage the economy. It is feared it could create another depression, one a great deal worse than the first. The Securities Exchange Commission believes that maintaining insider confidence is essential to the....
The Prophet Amos
Amos is recognized as the first of the Israelite prophets whose words were recorded on a scroll. He was not a prophet all his life and never prophesied professionally. Amos earned his living as a “herdsman and dresser of sycamore figs.” (Amos 7:14) Since he already had an occupation h....
The Unseen Advantages of Employee Rights
The Unseen Advantages of Employee Rights
Table of Contents
I. Unseen Advantages of Employee Rights 1
II. Abstract 3
III. Introduction 4
i. Definition and Nature of Employe....
Trends Affecting Human Resource Management
The role of Human Resource Management (HRM), once known as “Personnel”, has dramatically evolved over the years. This is primarily due to the increasing changes in the world, the workplace, and the attitudes we hold about both. What was once considered to be an “administrative” office with the....
Using Technology to Cheat
Using technology to cheat
University of Phoenix
GEN 300
Instructor Jenny Webb
Team A
Cari, Joe, Jean, Dawne, Cynthia, Marian
May 5, 2007
“Most students cheat. In nationwide surveys on college campuses, about 7 in 10 students admitted to some cheating. Three i....
vc funding
In the next few years, venture capital funds will find themselves squeezed from four directions. They're already stuck with a seller's market, because of the huge amounts they raised at the end of the Bubble and still haven't invested. This by itself is not the end of the world. In fact, it's just a....
Why Economics Is Essential
Economics should be taken by all seniors at nfa due to the fact that; given the impact of economic forces on our daily lives, the strong interest in economics is understandable. Economics provides individuals with a coherent and consistent framework for understanding such basic concepts as inflation....
Williams Case Analaysis
National University of Singapore
NUS Business School
BMA5312 Advance Corporate Finance
Case Analysis: Williams
Submitted By:
Bansa....
Writing in Business Management
The use of writing in the field of business management has been rated as highly important by many people. The use of forms and proper documentation can mean the difference of being successful or not. Following the proper templates and incorporating the information in a way that is acceptable to ever....
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