...Strategic and Comparative HRM ASSIGNMENT TERM TWO (SEPTEMBER 2013) Student declaration: I declare that: • • • I understand what is meant by plagiarism. The implication of plagiarism has been explained to me by my institution. This assignment is all my own work and I have acknowledged any use of the published and unpublished works of other people. Date:…23rd July 13……………. 11 02nd August 2013 Student ID No.:…018800020682…………. Total number of pages including this cover page Submission Date Students’ ID NRIC/Passport No. Module Name Lecturer’s Name 01st Aug 2013 Due Date 018800020682 UOP Hemis Code G0703121T/B1889671 Strategic and Module Code Comparative HRM Mr Cheah Cheng San U22712 OFFICIAL USE ONLY Marker’s comments Marker’s name: Initial marks awarded Penalty on late submission Penalty for plagiarism Final marks awarded /100 /100 T213 U22712 Assignment September 2013 QUESTION (TASK 1 weighting factor: 40% of total CW marks) Enron: What Caused the Ethical Collapse? Kenneth Lay, former chairman and chief executive officer (CEO) of Enron Corp., in an introductory statement to the revised Enron Code of Ethics issued in July 2000, wrote: “As officers and employees of Enron Corp., its subsidiaries, and its affiliated companies, we are responsible for conducting the business affairs of the companies in accordance with all applicable laws and in a moral and honest manner.” Lay went on to indicate that the 64-page Enron Code of Ethics reflected policies...
Words: 2725 - Pages: 11
...Enron Case Analysis-Assignment Enron Corporation (former NYSE ticker symbol ENE) was an American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,000 staff and was one of the world's major electricity, natural gas, communications, and pulp and paper companies, with claimed revenues of nearly $101 billion during 2000.[1] Fortune named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001, it was revealed that its reported financial condition was sustained substantially by an institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal. Enron has since become a well-known example of willful corporate fraud and corruption. The scandal also brought into question the accounting practices and activities of many corporations in the United States and was a factor in the creation of the Sarbanes–Oxley Act of 2002. The scandal also affected the greater business world by causing the dissolution of the Arthur Andersen accounting company.[2] Enron filed for bankruptcy protection in the Southern District of New York during late 2001 and selected Weil, Gotshal & Manges as its bankruptcy counsel. It ended its bankruptcy during November 2004, pursuant to a court-approved plan of reorganization, after one of the most complex bankruptcy cases in U.S. history. A new board of directors changed the name of Enron to Enron Creditors...
Words: 312 - Pages: 2
...Assignment #3 Forensic Accounting in Practice Professor Demetrius Carolina, Sr. Bus 508-Contemporary Business February 16, 2013 The purpose of my paper is to explore Forensic Accounting and the many aspects surrounding the field. I will determine the skills necessary to be a forensic accountant and its application to business operations. I will also describe the role the forensic accountant plays in a courtroom environment and the role played by the forensic accountant in the litigation process. I will also provide case examples where forensic accountants are used and have provided vital evidence in the case. Today, forensic accounting is a rapidly growing segment of the accounting practice, and the current demand for forensic accountants far outstrips the current supply. Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Have you ever been cheated, robbed or financially hurt by actions of others? Well, out of those feelings civil lawsuits arise based on the desire to reclaim what one perceives he/she has lost unjustly. Financial loss isn’t always easy to define or measure. So, the important task of investigating and quantifying the financial loss normally requires the expertise of a forensic accountant. A forensic accountant is a professional who uses a unique...
Words: 2645 - Pages: 11
...Ethics and Corporate Governance: Corporate Social Responsibility Contents Introduction 2 Definition of Ethics 2 Definition of Corporate Social Responsibility (CSR) 2 History of Ethics 2 Socrates 2 Plato 2 Aristotle 2 Cynics 2 Cyrenaics 2 Business Ethics 2 Nike 2 McDonalds 2 Enron 2 Wal-Mart 2 Why Business Ethics is Necessary 2 Conclusion 2 Bibliography 2 Introduction This assignment is a brief over view of ethics in the modern day era. It begins with a definition of ethics, followed by a concise explanation of corporate social responsibility. Ethics has evolved over a number of decades and still is to this day, with that a short history of ethics will be demonstrated in this assignment. Ethics determines whether or not a company has good or bad morale. Unfortunately a company that holds excellent ethics are not highlighted in the media as a company that has bad ethics. In this essay will illustrate examples of how large national and international companies came to have bad ethics. To conclude this assignment will be a brief outlay of why ethics is necessary to the business environment in this day and age. Definition of Ethics Ethics can be defined at vital concepts and essential principles of moral human conduct. It consists of the study of universal ethics such as the essential parity of all men and women, natural or human rights, compliance to the law of land, concern for health and safety and, progressively more, for the natural environment...
Words: 4292 - Pages: 18
...Grand Canyon BUS 340 All Modules 1- 8 Assignment (2014) BUS 340 Module 1 Assignment Problems: Chapters 1, 2, and 4 Details: Using the Module 1 readings, course website links, the GCU Library, the Internet, and/or other sources of literature as needed, complete the following problems: Chapter 1 – Online Research: Common Law Chapter 2 – Problems and Problem Cases: Problem 6 Chapter 4 – Problems and Problem Cases: Problems 4 and 7 Responses should not typically exceed 200 words for each problem and should contain citations from relevant sources if applicable. Complete the problems for each chapter first by stating the question(s) you are addressing, then by stating your responses. All problems and answers should be turned in on the same page/document. Prepare this assignment according to the APA guidelines found in the GCU APA Style Guide, located in the Student Success Center. An abstract is not required. BUS 340 Module 2 Assignment Problems: Chapters 5 and 6 Details: Using the Module 2 readings, course website links, the GCU Library, the Internet, and/or other sources of literature as needed, complete the following problems: Chapter 5 – Problems and Problem Cases: Problem 13 Chapter 6 – Problems and Problem Cases: Problem 11 Responses should not typically exceed 200 words for each problem and should contain citations from relevant sources if applicable. Complete the problems for each chapter first by stating the question(s) you are addressing...
Words: 1087 - Pages: 5
...HELP University College Faculty of Business, Economics and Accounting Department of Business Studies INTERNAL SUBJECT OUTLINE Semester 3, 2011 FIN304 Global Financial Management Subject Lecturer / Tutor Mr. Mohd Jamil Jelani Telephone Fax Room Email 603-20961511 603-20957063 12, KPD Block B, Level 2 mohdjj@help.edu.my Class Contact Please refer to timetable Consultation Please call or email for appointment FIN304 Global Financial Management – Semester 3, 2011 SUBJECT DETAILS TEACHING STAFF Mr. Mohd Jamil Jelani is a Senior lecturer in banking and finance. He holds a Bachelor of Accountancy (Honours) and MBA in Applied Finance and Investment from National University of Malaysia; he is also a Chartered Accountant from Malaysian Institute of Accountants. Prior to his lecturing career, he served as a Group Financial Controller of a local company. Mr. Mohd Jamil has a wide experience in the teaching of Accounting and Finance, as he has been involved in the academic field for more than 9 years. Subject Overview The subject aims to develop an understanding of a representative range of issues in international finance and global financial markets. It covers topics such as sport and forward exchange rates, interest rate parity, currency hedging and exchange rate forecasting techniques. It also covers new developments in the international financial system such as eurocommercial paper and the internationalisation of the equity market. Introduction ...
Words: 6848 - Pages: 28
...Forensic Accounting in Practice Brittany Baskin Dr. John Theodore Contemporary Business November 18, 2012 When you think of the term forensics, what comes to mind? For 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 in use around the world. In light of recent accounting scandals throughout the world, investors and regulators have searched for various different methods to improve the safety of investors through more diligent accounting reporting practices. Until recently, detecting fraud was thought to be a part of the responsibility of the accountant. Fraud was something the internal or external auditors were expected to guard against by their periodic audits. We now know that auditors can only check for compliance of a company’s books to the Generally Accepted Accounting Principles (GAAPs) and to company policy; therefore, a new category of accounting had to be established, one which revealed the fraud for companies with suspected fraudulent transactions. This new area of accounting is known as forensic accounting. To fully understand the definition of forensic accounting, we can use parts of the definition of forensic medicine and accounting, both taken from Webster’s Dictionary, to produce a clear definition. Forensic medicine is a “science that deals with the relation and application...
Words: 1625 - Pages: 7
...Appendix A: ASSIGNMENT COVER SHEET | | | | | | | | | | Date Received: ………………………….. | | | | Date Returned: ……………....………… | | | Programme | BACHELOR OF COMMERCE DEGREE | Module Name | BUSINESS MANAGEMENT 3 | Assignment Number | ASSIGNMENT 1 | Surname | De Villiers | First Name/s | Cornèl | Student Number | BCOM 1121041 | Date Submitted | | Postal Address | P O Box 252 | | Henties Bay | | Namibia | | 9000 | E-MAIL | | myregent email addresss | (Please note that confirmation of assignment receipt as well as | | return assignment will be forwarded to this e-mail address) | E-MAIL | renier@iway.na & Cornel.deVilliers@hbaymun.com.na | (alternate e-mail address) | | Contacte Numbers | Cell: 0812575079 | | Home: 064-500694 | | Work: 064-502022 | Alternate Contact: Name | Renier Henning de Villiers | Relationship | Husband | Contact Number | 0812403219 | | | I hereby confirm that the assignment submitted herein is my own original work. | | | | | Signature of Student: | ……………………………………………………………….Date: ……………………………….. | BUSINESS MANAGEMENT 3: ASSIGNMENT 1 Table of Content: Question: Page: Question 1 3-6 Question 2 7-9 Question 3 10-12 Question 4 13-14 Bibliography 15 QUESTION 1: (40) Read the article below and answer the questions that follow. Real Case: For...
Words: 5673 - Pages: 23
...Grand Canyon BUS 340 All Modules 1- 8 Assignment (2014) BUS 340 Module 1 Assignment Problems: Chapters 1, 2, and 4 Details: Using the Module 1 readings, course website links, the GCU Library, the Internet, and/or other sources of literature as needed, complete the following problems: Chapter 1 – Online Research: Common Law Chapter 2 – Problems and Problem Cases: Problem 6 Chapter 4 – Problems and Problem Cases: Problems 4 and 7 Responses should not typically exceed 200 words for each problem and should contain citations from relevant sources if applicable. Complete the problems for each chapter first by stating the question(s) you are addressing, then by stating your responses. All problems and answers should be turned in on the same page/document. Prepare this assignment according to the APA guidelines found in the GCU APA Style Guide, located in the Student Success Center. An abstract is not required. BUS 340 Module 2 Assignment Problems: Chapters 5 and 6 Details: Using the Module 2 readings, course website links, the GCU Library, the Internet, and/or other sources of literature as needed, complete the following problems: Chapter 5 – Problems and Problem Cases: Problem 13 Chapter 6 – Problems and Problem Cases: Problem 11 Responses should not typically exceed 200 words for each problem and should contain citations from relevant sources if applicable. Complete the problems for each chapter first by stating the question(s) you are addressing...
Words: 1086 - Pages: 5
...STRATEGIC MANAGEMENT TEXAS EXECUTIVE MBA PROGRAM FALL 2011 Professor David B. Jemison CBA 3.232 Telephone 471-8757 David.Jemison@mccombs.utexas.edu Texts: Porter, Michael E. Competitive Strategy. (New York: Free Press, l998). Course Description Perspective and Themes This course is about the creation and maintenance of a long-term vision for the organization. This means that it is concerned with both the determination of strategic direction and the management of the strategic process. As such, it deals with the analytical, behavioral, and creative aspects of business simultaneously. The course is organized around six themes in strategic management: the role of the general manager, the components of business strategy, corporate strategy development, divisional-level strategy development, managing strategic change, and the development of general managers. Our perspective in this course is that of the leader whose responsibility is the long-term health of the entire firm or a major division. The key tasks involved in general management include the detection of and adaptation to environmental change; the procurement and allocation of resources; the integration of activities across subparts of the organizations; and, at the most senior levels, the determination of purpose and the setting of corporate direction. General managers, from our perspective, are managers who are in the position to make strategic decisions for the firm. Note that such...
Words: 11018 - Pages: 45
...responsibility of the accountant while serving its clients business. Giving two examples where a forensic accountant played an important role in aiding attorneys in presenting fraudulent bookkeeping records of company’s who ultimately committed white-collar crimes. Have you ever heard the figure of speech a “needle in a haystack” when referring to finding a small object in a large setting? The task of performing a very detailed search seems impossible. Leaving no stone unturned and demanding hours and hours of mental and manual labor. This is what a forensic accountant faces. By definition, a forensic investigation of any kind is conducted with the purpose of obtaining evidence that will be used in a court case. Forensic accounting is simply the analysis of financial documents use as tax returns, bank statements, canceled checks and the like, in search of proof of a criminal act, be it tax evasion, running numbers, embezzlement, money laundering, fraud by wire or securities fraud (DiGabriele, 2009). These crimes exists for the sole purpose of illegally making money. Leaving a paper trail pointing to criminal activity producing money coming into and leaving the organization. This is one reason the demand for forensic accountants or becoming more mainstream. Once used only by governmental agencies only like the IRS and the CIA to investigate and exposed the most unmoral crimes. More and more corporations are hiring forensic accountants. Some are even developing departments...
Words: 2760 - Pages: 12
...Question #1 Using an Internet news search, find an example of a business that has abused its power and encountered the wrath of social interest groups or the government. Using content, concepts, and class discussion points from chapters 1 – 3, introduce and discuss the situation and the current state. Conduct a stakeholder analysis and make recommendations for an improved outcome, using the same resources. Support your discussion with evidence from reputable resources, as well as content and concepts from the text. ANSWER I was overwhelmed while doing the internet news search to find an example of business that has abused its power. The search came up with so many examples that it made me realize that probably all the business abuse their position in some or the other way. There were many example to choose from but I chose “Corporate accounting scandal at Satyam “, which is also infamously called as India’s Enron. The reason why I selected this particular company is that I had my cousin brothers and sisters working for this company and this scandal affected our families in a big way. The background Scandals are like an iceberg, they represent the only visible catastrophic failure. Saytam Computers was founded By Mr. Ramalinga Raju who hailed form a traditional agriculture family of Andhra Pradesh, India in 1987 with a just 20 employees and converted the company got Public in 1992.The chairman of the company was the founder himself, Mr. Ramalinga Raju (Alias Raju) until...
Words: 1572 - Pages: 7
...Assignment #3: The Dabhol Project Wanda D. Jones James Young BUS 519 Project Risk Management May 13, 2012 Abstract This paper pertains to the Dabhol power project case regarding the risks and the causes of the risks that the project faced during this project. A Risk Breakdown Structure (RBS) was done to identify main project categories for further analysis. A Risk Breakdown Structure (RBS) includes all possible sources of risk listed as risk categories to make it easier to identify them to key stakeholders. From the RBS, a prioritized risk list was developed in order to identify those risks associated with the project that would require response plans. The methods for analyzing risks for prioritization include qualitative and quantitative risk analysis. This paper further explains quantitative and qualitative analysis. As a result of the analysis, a risk priority list was developed reflecting the top three risks from the RBS. Those top three risks are identified from the technical, management, and commercial categories of the RBS. And finally, this paper describes the nature of the three risks in addition to the significance of each one to the Dabhol project success. A Risk Breakdown Structure (RBS) includes all possible sources of risk listed as risk categories to make it easier to identify them to key stakeholders. The main categories of risks are assessed for the Dabhol project in the following RBS: RBS LEVEL 0 | RBS LEVEL 1 | RBS LEVEL 2 | 0....
Words: 1352 - Pages: 6
...and the Sarbanes - Oxley Act. I. Securities Act of 1933 & 1934 A. Summary of Regulation * Securities Act of 1933 * First major federal legislation to regulate the offer and sale of securities * Created by Congress during the aftermath of the stock market crash of 1929 and during the ensuing Great Depression * Purpose is to make sure that buyers of securities receive complete and accurate information before investing (Graham, Hazarika, & Narasimhan, 2011) * Securities Act of 1934 * Created to provide governance of securities transactions on the secondary market (after issue) and regulate the exchanges and broker-dealers in order to protect public investors B. Analysis of Related Fraud/Scandal * Crash of 1929 * The most devastating Stock Market crash in US history * Signaled the start of the Great Depression * Great Depression * Followed a decade of progress that many people thought was going to continue * A period of deep social and economic stress * Gross National...
Words: 3180 - Pages: 13
...AFM1—Fall 2012 Individual and Group Assignments Due at the beginning of class on: Individual Group Monday: October 8—0830-1200; 1300-1630; 1700-1900 (Optional) Chapter 1—Conceptual Framework and Financial Statements Read the chapter, but omit pages 15-23 Do: Ethical decision—Page 53 (Use Guidelines on Page 28) Chapter 2—Transaction Analysis [and Process] Read: Pages 62-80 (Exh. 2-9) Pages 80 (Exh. 2-10)-86 (Exh. 2-12), compare with pages 65-72. Pages 86-90 Do: Decision Case 1—Page 117 Ethical Issues 1 and 2—Page 118-119 Chapter 3—Accrual Accounting and Income Read the chapter Do: Decision Case 2—Page 212 Ethical Issues 1 and 2—Page 213-214 Chapter 4—Internal Control and Cash Read: Pages 231-245 International Accounting Standards: Keep It Simple The spreading Scourge of Corporate Corruption Do: Ethics Issues—Page 285 Video—ENRON-The Smartest Guys in the Room (17-1900--Optional) Tuesday: October 9—0830-1200; 1300-1630; 1700-1900 (Optional) Chapter 9—Shareholders’ Equity Read the chapter Do: Decision Case 3—Page 602 Ethical Issues 1 and 2—Page 603 Group Ethics Project—Pages 604 Chapter 8—Liabilities Read the chapter Do: Bond pricing problem Chapter 7—Property, Plant...
Words: 350 - Pages: 2
