...Liberty University Biblical Worldview: How Genesis Affects My Belief System Candy Manwaring Bible 105 Professor Jason Mitchell 8 July 2015 Manwaring 2 Biblical Worldview: How Genesis Affects My Belief System The Old and New Testaments of the Bible give us literary instructions to a very clear picture of the way God intended for us to live. Through the Book of Genesis we are able to understand the natural world, human identity, human relationships, and civilization. It is also necessary to note that everyone’s worldviews may differ greatly due to personal interpretation of these scriptures. Genesis teaches me that through faith I believe the world was spoken into existence by God; I didn’t see it happen, but I believe it happened by faith. I believe that the natural world was intended to be like The Garden of Eden; a place to walk within the presence of God. I believe that we were created in God’s own image, both physically and spiritually. I believe that His creations of human beings were meant to interact with each other, and through these interaction we learn lessons, some good and some bad. I believe that through the sin committed by Adam and Eve, here marks the beginning of the decline of mankind; God’s grand experiment gone awry. Civilization will never be the same. “God created….” (Genesis 1:1). He created the world, people, animals, vegetation, and most especially, He created mankind. Only man has God’s imagine “Let us make man in our image, in our...
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...Bible 105 Humanity needs to realize and acknowledge that repentance from idolatry is necessary. Idolatry is very paramount in today’s society. The old testament book of Ezekiel is the greatest example of idolatry. Hindson concludes, “Ezekiel was given visions in which he saw the abominable idolatry and violence of Jerusalem” (Hindson p.342). Dyer in his commentary on the opening of chapters 8-11 of Ezekiel says, “Ezekiel had repeatedly stated that the coming judgment was prompted by the people’s sins. “The Spirit takes Ezekiel on a tour of the temple in Jerusalem, pointing out to him the serious idolatry that has moved into the temple itself.” Idolatry is not a simple fact of a sinful nation, but “was abandonment of faithfulness to Yahweh” (Hindson p.387). Moreover, Yahweh reiterates in numerous Old Testament passages “Obey My voice, and I will be your God, and you will be My people; and you will walk in all the way which I command you, that it may be well with you” (Jer. 7:23). This was the relationship of God with His chosen people, who, turned to other gods and rejected a relationship with Yahweh. This rejection of Yahweh turned Him away from His people and brought judgment upon them. The book of Hosea is written and based on Israel’s faithfulness. Hosea is especially creative in his use of metaphors to describe the relationship between Israel and God, but the two dominant ones are suggested in this verse. The primary one is Israel as a faithless wife, and the secondary...
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...INTRODUCTION What is a worldview? A worldview is how a person see's the world around them and forms the basis on which making decisions and judgments. This picture defines the world around how the romans have four questions: the question of the natural world, the question of human identity, the question of human relationships, and the question of roman culture. THE NATURAL WORLD The New Testament symbolizes God's plan for the natural world is in the Romans 8:19-23. It depicts the apocalyptic symbolizes the end of history God will stop and renew the damage not only to humanity, but even to nature itself. For the average person, the word “apocalypse” means the end of the world. Apocalypses view the present as corrupted by sin and in contrast which is going to happen in a perfect world or age of glory and righteousness.1 Nevertheless, Gnostic writings biblical apocalypses Daniel, Isaiah 24-27,65-66, and Revelation and not all Jewish apocalypses view present material world damaged by sin, but not inherently evil. Besides, they look to not the eventual demise of the material world, but to its end and liberation from damage cause by sin. The early Jewish leaders used apocalypses to their struggle with the problems of evil and that God would make things right before the end of history. They expressed concern for nature by stressing that the natural world was created by God and is under God’s hands. Human sins and fallen angels have violated the earth and caused some aspects...
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...In our “Courageous Faith” readings this week I most associate with Sampson but not because of his weakness but his arrogance (pride). Even though Sampson was a Nazarite, he forgot his strict vow. Not only his vow but throughout the scriptures, his pride comes through over and over. Judges 14: 2 says, “…now get her for me as my wife.” Judges 14:6 says, “The Spirit of the Lord came upon him in power so that he tore the lion apart with his bare hands as he might have torn a young goat. But he told neither his father nor his mother what he had done.” The reason I associate with Sampson is from 1997-2003 I worked for Texas Department of Criminal Justice (TDCJ) as a medical secretary. I had 4 prisons, 4400 beds and 29 clerks I supervised. When I first got the position, everyone kept talking about what a great mission field I was going into but my father, who also worked for TDCJ, kept telling me be careful who you tell you’re a Christian. The inmates will use that to trip you up and other employees will see it as a sign of weakness. You have to let your actions speak louder than your words but I would forget my walk with God the minute the gate shut behind me. I thought I could leave my salvation in the parking lot and pick it up on the way back out. In reading Sampson’s story I kept seeing pride and arrogance. From the Philistine wife, to the lion to even Delilah, Sampson thought he was all that. I felt the same way working in prison. I had the power over the inmates...
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...Product: Household Products - Food products Eggs Dozens/Last 30 Days Heavy (3+) (Principal Shoppers) Total Homemakers Total '000 Proj '000 Pct Pct Down Index Across Total 141733 48358 34.1 100 100 Men 44420 14028 31.6 29 93 Women 97313 34330 35.3 71 103 Educ: Graduated college plus 41659 13053 31.3 27 92 Educ: Attended college 26178 8880 33.9 18.4 99 Educ: Graduated high school 43231 14855 34.4 30.7 101 Educ: Did not graduate HS 17494 7196 41.1 14.9 121 Educ: Post graduate 14126 4437 31.4 9.2 92 Educ: No college 60726 22051 36.3 45.6 106 Age: 18-24 11341 3651 32.2 7.6 94 Age: 25-34 25619 8540 33.3 17.7 98 Age: 35-44 26425 10283 38.9 21.3 114 Age: 45-54 28853 10327 35.8 21.4 105 Age: 55-64 23150 7798 33.7 16.1 99 Age: 65+ 26345 7760 29.5 16 86 Adults 18-34 36959 12191 33 25.2 97 Adults 18-49 77986 28059 36 58 105 Adults 25-54 80897 29150 36 60.3 106 Men 18-34 12552 3867 30.8 8 90 Men 18-49 25324 8107 32 16.8 94 Men 25-54 25949 8194 31.6 16.9 93 Women 18-34 24407 8324 34.1 17.2 100 Women 18-49 52662 19953 37.9 41.3 111 Women 25-54 54948 20956 38.1 43.3 112 Occupation: Professional and Related Occupations 20927 6610 31.6 13.7 93 Occupation: Management, Business and Financial Operations2151 1 3960 32.6 8.2 96 Occupation: Sales and Office Occupations 20680 6559 31.7 13.6 93 Occupation: Natural Resources, Construction and Maintenance Occupations 4605 1624 35.3 3.4 103 Occupation: Other employed 22283 7936 35.6 16.4 104 HHI: 150,000+ 12467 3975 31.9 8.2 93 HHI: $75,000-$149,999 36833 12942...
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...Question 1: From this case study, it showed how Lehman Brothers walked down to the end of it business. Through Lehman Brothers’ case, it reflects the ugly side of a corporate. A big recognized company collapse due to it unsuccessful leadership management, culture and dishonesty by it people caused the company walked down to the end of it business. There are several points showed how it gone bankrupted. By using the ethical perspective to look at Lehman Brothers’ situation, it showed that the company being dishonest to it clients, failure in the company leadership and corporate management are the major problems that lead to the company downfalls. As a Wall Street icon, they disappointed the public and being irresponsible towards their actions, against the ethnical issue by not being honest to review the actual situation of the company, but using others method to cover it annual report. In my opinion, the top management is the main issue that caused the downfall of Lehman Brothers. According to the case study, it mentioned the major problem at Lehman was culture and reward, it showed the top management of the company did not have a structure way to motivate and guide their employees on the appropriate way of doing tasks. For example, individuals who makes questionable deals were hailed and treated as “conquering heroes” and the others who questionable the decision was often being ignored. This shows that the company only wants to have short term earning instead of...
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...Throughout Genesis 1-11, the natural world is described from it’s creation in chapter 1, to it’s near destruction in chapters 6 through 8. As the creation of the earth is described in chapter 1, you cannot help but be amazed at its complexity. In only six days, God created light, water, land, lights from the heavens to separate day and night, sea and flying creatures and finally, animals and man. On the seventh day, he rested. Just in this first chapter of the first book of the Bible, we see an entire planet spoken into existence in a matter of six days. The first man created, is Adam, who was formed from dust, made in Gods image. Eve was then created as a partner from Adam, also created in the image of God. She was created from Adams rib. She was not taken from any bone in his head, not to be above him, or from his feet, not being below him. She was taken from his side, signifying that she is his equal and partner. Another significant event in Genesis concerning the natural world, is the flood. God nearly destroyed the earth. Anyone who refused to believe the prophecy given by Noah was wiped out. God used this to rid the earth of excessive sin. However, after the flood, God made a covenant with Noah to never flood the earth again. Human Identity On the sixth day of creation, God made man in his image and likeness. Many people are confused by the phrase ‘made in God’s image’. The most natural reaction is to believe that humans physically resemble God. However, upon studying...
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...Lehman Brothers Holdings Inc. The control break downs of Lehman Brothers Holdings Inc. included the massive amount of money borrowed to fund its investments. A considerable portion of this investment was in real estate, which made the investment defenseless against a fall in the market. Lehman also used one of its small companies to reallocate investments off its books. The firm was active in the market for Residential Mortgage Backed Securities (RMBS). The process involved buying several residential mortgages, combining them and selling them as securities. RMBS buyers actually purchased claims on the cash flow generated by the securities. Lehman produced a great amount of these securities, making the demand high for mortgage originators. This led mortgage originators to extend credit to people who were not credit worthy, or did not have enough income causing these people to have upside down mortgages on their homes when housing prices plummeted in 2006. In 2000, the stock market started to decline and the Federal Reserve significantly reduced interest rates. These lower interest rates caused inexpensive mortgage payments, which lead to a large demand for homes. Homeowners took advantage of the low interest rates and refinanced their mortgages. In 2008, Lehman announced that they would file for bankruptcy after a huge loss in the market, a loss of investors and their inability to find an adequate buyer. Soon after, their collapse set the market into panic mode...
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...Word Article Analysis Unethical Practices in Accounting ACC/291 Principles of Accounting 2 Michaele Musters Instructor: Word Article Analysis of Unethical Practices in Accounting Ethical Practices and conducts maybe taken or act different by everyone, thus many times to identify unethical practices and behaviors, we have to see who is in control. It is essential to analyze what can be done, or thought what might be done against legally acceptable accounting principles and conducts. The Sarbanes-Oxley act of 2002, was enacted by The United States Congress to protect investors from fraudulent accounting practices, made by fraudulent executives in corporations. After the Scandal, the entire accounting world changed in many ways, that it created a new vision and ways of work. It sort of created a world of winds of anxiety for corporate executives and accountants. In the Sarbanes-Oxley act , there is a section call 302 that requires management to certify the accuracy of the reported financial statement. Then all corporations were forced to reform strictly to improve financial disclosures to prevent accounting frauds. After the Act, management introduced internal control in order to comply with all the Sarbanes-Oxley act requires for a corporations behavior. Today, all corporations are obligated to certify the company’s financial reports. They are also responsible and they must take full responsibility if there is a misleading, or fake accounting information...
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...ignored basic regulatory rules which created financial danger. Basic rules are the way companies grow and expand. Their desire to make money at all cost was more important than following basic ethical values. 2) What was the culture at Lehman Brothers like? How did this culture contribute the company’s downfall? The culture at Lehman Brothers was to take risks at all costs. When Transactions were presented to them they ignored the warning signals costing them. This eventually led to shady deals which eventually lead to the company’s downfall. Repo 105 is a good example of how Lehman misused this device to get some $50 billion of undesirable assets of its balance sheet at the end of the first and second quarter of 2008, instead of selling those assets at a loss. They continued to take lots of risks which caused them to lose a lot of money, there by bringing down there previously good name. They did tax deals like Repo 105 and didn’t care if it was legal or not. 3) What role did Lehman’s executives play in the company’s collapse? Were they being responsible and ethical? Discuss. They were very stubborn, and displayed very bad conduct and poor judgment. Valuka’s report was highly critical of Lehman’s executives who should have done more, done better. He pointed...
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...Repo 105 On September 15th 2008, the fourth largest U.S investment bank, Lehman Brothers, filed for chapter 11 bankruptcy. With revenues peaking at $19.2 billion in 2007 and over $600 billion in assets, the collapse of Lehman became the largest bankruptcy in history. Lehman’s demise was attributed to their aggressive investment strategy and significant exposure to the subprime mortgage market. As the housing bubble grew, Lehman Brothers acquired several mortgage lenders, some of the acquired firms frequently made loans to home buyers without full documentation (Jeffers 2011). When consumers began defaulting on mortgages and market conditions began to unravel, Lehman as well as many other banks faced huge losses. The write down of debt securities had significant adverse effects on Lehman’s balance sheet. Furthermore, credit rating agencies began focusing more on leverage ratios of investments banks. Lehman’s leverage ratios were already extremely high. A downgrade on Lehman’s credit rating would have sent Lehman’s share price on a downward spiral and hinder their ability to receive financing. In order to prevent these occurrences Lehman would have to sell some of its assets or raise capital. Lehman was unable to sell any of its assets or raise any capital because no one knew what the value of their complex mortgage securities were. In response to deteriorating economic conditions the investment bank used a very aggressive accounting maneuver called “Repo 105”, its...
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...other purposes” (Kimmel, Weygandt, & Kieso, 2011). Mainly, the act was a result of the continuous increase in the number of accounting scandals that can be related to falsification of entries on company’s financial statements. Some of the recent examples of corporate and accounting scandals were that of Enron, Adelphia, Tyco International, World Com, and Peregrine Systems, among others (Levine, 2013). The objective of this paper is to focus on and analyze one of such scandals. In this paper, the Lehman Brothers’ issue with the SEC regarding their malicious use of the Repo 105 maneuver will be studied, focusing on the audit report that the external CPA firm issued, speculations on the company’s statements, analysis of the management and auditor’s responsibility in the falsified financial reporting, the sanctions under the SOX and key actions that the concerned regulatory boards should make. Repo 105 Securities and Exchange Commission Accounting Scandal with Lehman Brothers and Ernst and Young Analysis of the Audit Report When the great financial crisis of 2008 erupted, it left a lot of United States corporations, mostly financial firms, under the water. Some of them were offered bail by the United States government but the damage was so severe plus the government could only do so much that only a handful of the bankrupted companies were saved by the bail offer. Lehman Brothers was one of the unfortunate companies...
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...for its operations. This office furthered their trading business and introduced them to the financial industry. In later years, Lehman became involved in the New York stock exchange where the underwriting business began. The firm grew rapidly and was very successful for years. After many years of hard work and success the company collapsed and filed for bankruptcy in 2008. Lehman had been unhealthy for a while and covered it up by secretly shuffling debt around to make its books look in order and deceive the real situation. Lehman used an aggressive accounting method to hide their losses and made it difficult for investors, executives and/or auditors to detect their actual financial status. This accounting method is known as REPO 105, which is repurchase agreement a bank uses to borrow cash short term. Lehman Brothers abused the accounting practice of repurchase agreements. Lehman Brothers was in a bad shape and they played the game of window dressing its balance sheet. The company was reporting short term loans as sales and utilizing the proceeds to pay off its debt. Lehman was borrowing short term cash with assets...
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...Review of Accounting Ethics - Week 3 Alessio Brasile Strayer University Financial Accounting ACC-557 Dr. A. Golding April 28, 2013 Review of Accounting Ethics - Week 3 Given the corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior: In the past several years, Enron, WorldCom, Tyco, and others have committed financial scandals, which caused the stock market to take a hard hit. Investors and lenders learned from these scandals in the past, and just recently, have become hesitant to invest in any company that they think, or know for a fact, the company is corrupted and/or unethical. “United States regulators and lawmakers were very concerned that the economy would suffer if investors lost confidence in corporate accounting because of unethical financial reporting. In response, Congress passed the Sarbanes-Oxley Act (SOX, or Sarbox)” (Weygandt, Kimmel, & Kieso, 2012, p. 7). SOX is in place to minimize unethical conduct in corporations and ultimately, scandals. “As a result of SOX, top management must now certify the accuracy of financial information. In addition, penalties for fraudulent financial activity are much more severe” (Weygandt et al., 2012, p. 7). With these standard rules and regulations in place, corporations are less likely to commit any fraudulent activity because there is more scrutiny from lawmakers. Also, corporations have a better chance...
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...Word Article Analysis Unethical Practices in Accounting ACC/291 Principles of Accounting 2 Michaele Musters Instructor: Word Article Analysis of Unethical Practices in Accounting Ethical Practices and conducts maybe taken or act different by everyone, thus many times to identify unethical practices and behaviors, we have to see who is in control. It is essential to analyze what can be done, or thought what might be done against legally acceptable accounting principles and conducts. The Sarbanes-Oxley act of 2002, was enacted by The United States Congress to protect investors from fraudulent accounting practices, made by fraudulent executives in corporations. After the Scandal, the entire accounting world changed in many ways, that it created a new vision and ways of work. It sort of created a world of winds of anxiety for corporate executives and accountants. In the Sarbanes-Oxley act , there is a section call 302 that requires management to certify the accuracy of the reported financial statement. Then all corporations were forced to reform strictly to improve financial disclosures to prevent accounting frauds. After the Act, management introduced internal control in order to comply with all the Sarbanes-Oxley act requires for a corporations behavior. Today, all corporations are obligated to certify the company’s financial reports. They are also responsible and they must take full responsibility if there is a misleading, or fake accounting information...
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