...Sunbeam did not account for vendor rebates correctly. Vendor rebates should be recorded as a decrease to cost of goods sold. Instead, Sunbeam presented the vendor rebates in the financial statements as an increase to sales revenue. Although this would not impact net income, this was an incorrect procedure that resulted in overstating sales revenue. In addition, Sunbeam did not record some of the vendor rebates in the correct accounting period. Vendor rebates should be recorded as the vendor rebates are received. Instead, Sunbeam recorded the vendor rebates all at once. Some of the vendor rebates should not have been recorded until future periods. This was also an incorrect procedure that resulted in overstating sales revenue as well as net income....
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...Running head: CORPORATE CULTURE AND ITS ROLE IN THE DOWNFALL Corporate Culture and its Role in the Downfall Of Arthur Anderson LLC and Sunbeam Corporation Darrell V. Davis Grand Canyon University Bus 604 Business Ethics July 5, 2009 Abstract Corporate culture plays an extremely important role in the development of a company. Whether explicitly stated or not, the culture of a company reveals its attitude, motivation, and intentions. Arthur Andersen’s and Sunbeam’s cultures revealed that they were on the hunt for huge profits at the expense of independence and sound financial reporting, respectively. They instituted accounting practices that they knew pushed the envelope of, if not legality, acceptability. In fact, they were bedfellows in Sunbeams accounting methods. With each of the company’s histories, they had the resources to make better decisions regarding their actions. Yet, it appears they ignored their responsibility to the public in order to garner the highest gain. Arthur Andersen LLP Arthur Andersen LLP, with its ninety year history, for a long while stood as one of the most well respected, influential, high-earning, and ethical accounting firms in the world. Yet, with the rise of its consulting services, several apparent oversights, the demise of a number of its clients, and questions of the firms relationships with clients; the company came under attack from investors of its clients, regulators, and courts. Without a valid...
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...is a narrow-minded, tyrant that has the stubbornness of a 5-year old child and the temper of a grumpy old person constantly on the verge of explosion, it is sure that the autonomy of the company will by out of sync. It was 2 years ago that a CEO had almost single-handedly almost brought a company to its knees, sending shock throughout all corners of Wall Street. He went by the name of “Chainsaw Al.” The near crumble of Sunbeam Corporation, a company that specializes in making household and outdoor goods, laid basically in the personality of Al Dunlap and his style of management, where he was autocratic and the structure was too top-down. When organizational structure is so top-down that information and advice only flow downwards and employees’ suggestions are ignored, problems are bound to occur sooner or later. After his one-man show, conducing chaos and disorder, the board of Sunbeam could no longer stand the horrid situations and fired him. “You guys are responsible for the demise of Sunbeam! I’m here to tell you that things have changed. The old Sunbeam is over today. It’s OVER!!,” Dunlap screamed at his executives (Byrne 132). “It was like a dog barking at you for hours. He just yelled, ranted, and raved. He was condescending, belligerent, and disrespectful,” recalls Richard L. Boynton, president of the house-hold products division,...
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...Case 1.11 WorldCom: The Definition of an Asset Line Cost Expenses WorldCom generally maintained its own lines for local service in heavily populated urban areas. However, it relied on non-WorldCom networks to complete most residential and commercial calls outside of these urban areas and paid the owners of the networks to use their services. For example, a call from a WorldCom customer in Boston to Rome might start on a local (Boston) phone company’s line, flow to WorldCom’s own network, and then get passed to an Italian phone company to be completed. In this example, WorldCom would have to pay both the local Boston phone company and the Italian provider for the use of their services.1 The costs associated with carry- ing a voice call or data transmission from its starting point to its ending point are called line cost expenses. Through the end of 2000, WorldCom incurred substantial line cost expenses when it made large capital investments to increase the size of its Internet back- bone and expand its local and data networks. To do so, it entered into long-term, fixed-rate leases for network capacity to take advantage of a perceived boom in the technology sector. However, customer traffic did not grow as rapidly as antic- ipated. In addition, the telecommunications market became extremely competi- tive, forcing WorldCom to reduce the fees it charged to customers. As a result, in late 2000 and early 2001, WorldCom’s ratio of line cost expense to revenue (line cost E/R ratio)...
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...Dickens supported the idea of quick thoughtful life, are free of the pursuit of material things. Gradgrind on the other hand, is insisting the only thing children need in their education is 'nothing but facts'. Dickens is worried about aggressive adults who rule children with fear and destroy their inquisitiveness 'the little vessels then and there arranged in order to have imperial gallons of facts poured into them'. The unimaginativeness of Gradgrind is emphasized by use of the word 'square' which is used five times and is echoed by the emphasis on straight lines and dark recess. Dickens describes the unimaginativeness of Gradgrind and his boring teaching methods. Gradgrinds repeated use of 'the emphasis was helped'. This shows how the school and Gradgrind are interlinked as these things are emphasized and that it is repetitive and boring. Dickens description of the schoolroom as a 'bare monotonous vault of a schoolroom' is an example of how Dickens uses place to back up his theories on education and utilitarianism. Like the schoolroom, that facts being taught are bland, boring and monotonous. The use of the word 'vault' suggests that the children's minds are being kept locked and are not open to possibilities of the world. Gradgrind's house, 'Stone Lodge' is described as a 'matter of fact home'. It is a very practical place just like its owner. For example the windows are compared to its 'Masters heavy brows'. Gradgrind's children have many educational aids and many cabinets...
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...touching and empathetic plot, especially the relationship between the two characters Leigh-Ann Touhy and Michael Oher. This essay will describe the deep bond that Micheal Oher formed with Mrs Touhy and how this impacted on the other characters in the movie. Despite being somewhat a lone pupil at school, he formed a bond that was as strong and caring as a son would relate to his mother. In sum, the one decision by characters in this film made a large difference to the future of Michael Oher and family in schooling and careers. Michael Oher and Leigh-Ann Touhy’s relationship was important in the development of the film because, when Michael first started high school at Wingate Christian school a family friend of his ‘Big Tony’ let’s him stay at his place. Big Tony wants Michael to go to the school because he’s an excellent football player. When Leigh-Ann first saw ‘Big Mike’ (as he was first known) she was picking up her son SJ from the school. A high angle showed that Michael was insignificant at the time and people from all walks of life were ignoring him. A few days later, Leigh-Ann and Sean Touhy go to SJ’s performance at the school for a play about Indians. She is driving home when she then see’s Michael and asks “Do you have somewhere to stay?” “I’m going to the gym,” replies Michael “Come, I’ll put you up for the night” she replies” this quote shows that Leigh-Ann is a loving and caring person towards even people like...
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...On becoming a teacher… By Mary Ann C. Dela Cruz Looking back to the past, I remember the time when my mother told me that it is time for me to go to school to study. I am excited! I enjoy looking into my new pad, notebooks, pencil, and other things that my mother bought me, especially with my new shoes and uniforms. I told to myself, I will enjoy studying as I will learn new things and meet new friends. And when the first day of school starts, I woke up early, ate my breakfast, took a bath, and wore my new uniform and shoes. In few minutes, I am now ready to go to school. Like my other cousins, we are all excited to go to school and meet my first teacher. That day is so special to me, our teacher taught us to how to greet her and our classmates, introduce ourselves to others, and later, she taught us how to sing, count, and the ABCs. I enjoyed my first day and as days passed, I learned more things and observed my teacher on her next move and what is the next instruction to be given to us. Day by day, our activities are getting harder as more things are new to me. I also noticed the different attitudes of my classmates for some our crying looking for their parent. I am just quiet observing them, but what caught my attention is how our teacher reacts on the situations. How she pampered those little kids crying and how she patiently teaches us. There are times that I am thinking how great she was. It seems that she can not to feel the long hours of teaching...
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...Administrator and Teacher Interview Administrator and Teacher Interview Administration and Teacher Interview I remember sitting in the Principles Office one day during recess unsure of why she would want to meet with me. My knees were knocking, my palms were damp, and you could sense the amount of fear that was present in my body. As Ms. Bagakowski called me into her office she reassured me that this was a friendly visit and not one of discipline. She wanted to ask if I would be okay with moving into a different class because I was struggling in my current class. As I look back now on the experience I understand more of the reasons behind the switch and I also understand the role that both my Teacher and the Principle play in the school. The assignment this week was to interview both an Administrator and a Teacher and compare and contract their roles in the education system. I like that you used a personal example. When I went into Ms. Vance’s office I was quickly reminded of the fear I felt waiting for Ms. Bagakowski. Ms. Vance is the Director for Madison Christian Children’s Center in Phoenix, Arizona. As I began the interview Ms. Vance expressed her passion for children and how she became the director of Madison Christian Children’s Center. It wasn’t until she was mother that she really found her true calling to be a Teacher. She ran her own daycare from him and after her children were old enough to attend Preschool she went to work as a Preschool Assistant...
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...students, they are the ones who learn ideas to become more responsible and productive someday. Examples of the factors affecting the academic performance of students are the environmental, social/ family, teachers, friend relationships, and socio-economic factors. Almost all of the factors are a variable of academic performance. However, the researchers would like to investigate the possible relationship of factors affecting to the academic achievement of under graduate students of Notre Dame of Tacurong College. “Significance of the Study” Paulo Angelo Dela Rosa Mary Joy Cantilla James Cañete Ansarie Datua Bonnie Fe Bangero Beverly Acana 1. This study would provide relevant information to the school administrators to provide the availability of resources. 2. A major contribution of this study lies in the demonstration of a large impact of the role of mothers on students’ performance....
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...gokul ram,ganesh kumar,gopi,govindhan and gowtham.c GOKUL RAM: Good morning friends,today our topic has education become business now a days? And I agree with it. I was thinking about what teachers and schools and education were all like when I was much younger. I remember teachers who seemed to be on a mission, a sort of crusade to educate, who wanted kids to open their minds to the possibilities around them. They were our counsellors, our mentors, the ones who guided us and listened to our sometimes extremely ridiculous ideas. GANESH KUMAR: Teachers encouraged us and never told us there was anything we couldn’t do. They earned our respect because of their passion for teaching, for the values they inculcated and for the integrity with which they conducted themselves. Were they a different breed? Aren’t there teachers like that anymore? A few of my friends have dedicated their lives to teaching, to illuminating the lives of children who were or are under their care. But I don’t now if there are many others like them out there. Teaching appears to have turned into just another profession. GOWTHAM.C: Education has become a business – not that ‘business’ is a bad word. It is just that schools and universities have become such commercial enterprises that everything is measured in terms of profits. There is a professor who told me the other day that he used to teach two courses at university and that was tough enough...
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...Professionalism at the Crossroads Look at the criteria for a profession. Does education meet the criteria for a profession? From Normal Schools to Board-Certified Teachers There was little preparation or education for teachers from the beginning of the country until the 20th century. The first “normal school” was created in 1823. This was the first school for teachers. This type of school was the primary form of teacher education until the beginning of the 20th century. Education was a very conservative profession as seen in the teaching contract on page 13. The 1980s is the decade where major changes to teacher education occurred. Take note of the changes as reported in this section. How Teachers are Prepared Today Read about the differences between a four year program and an alternative education program. If you were in charge of teacher education, what should teacher education programs teach? Urban Legends about Teaching What do you think about these statements: Teachers are born, not made All you really need to know is the subject you are teaching Teacher education students are less talented than other college majors American Schools: Better Than We Think? What are some things that American schools doing that are helping students? Are our schools just as good as the rest of the world’s? Discussion Board Post What are the pros and cons of teaching? How do you as a teacher...
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...the world and all the people in it especially those in impoverished countries. I particularly enjoyed how the Balti people influenced Mortenson’s life in such extreme ways. The two prompts that I decided to write on are “Have you ever known anyone like Mortenson” and “Discuss his repeated brushes with failure and how they influence your opinion of Mortensen”. Let me begin by saying Mortenson is an amazing individual. He did something that not many people have the gusto to go through with. He truly loved the Balti people and wanted the make their lives better through education. When I first read this prompt I immediately thought of one of my youth leaders, Cherissa Newton. She hasn’t accomplished anything as substantial as building a school for people in some foreign land. But, she is a social worker who works with underprivileged children each and every day. What Mortenson was on a large scale, helping lots of people all at once, but what Cherissa does is on a small scale, helping individuals over time. She has helped me become a better public speaker and more personable to others. Because of her, I have overcome a lot of my shyness. Cherissa helped me through a lot. She gave me many opportunities for generosity, aid and leadership. She appointed...
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...SYNOPSIS ON NEED OF GUIDANCE AND COUNSELING AT INTERMEDIATE LEVEL IN DISTRICT PESHAWAR By Malik Nouman Waris This report is being submitted to the Department of Secondary Education, Faculty of Education, Allama Iqbal Open University Islamabad for partial fulfillment of the condition of the Master of Education [pic] M. Ed Research Academic Session 2011-2012 Department of Secondary Teacher Education, Faculty of Education Allama Iqbal Open University, Islamabad, Pakistan Background: According to his definitions: “Guidance is nothing but to assist the individual to choose a vocation, to prepare for it, and to attain efficiency progress.” (Chuhan S. S, 2001) When an individual steps into the practical life, he has to face series of problems and inconveniences in various aspects of his life. There are his physical, emotional, mental and social problems. Guidance is just assisting the individual in various activities of his life—vocational, educational, mental and social. The individual is assisted in the lights of his inborn tendencies, natural potentialities and personal capacities. Actually Guidance is as old as the humanity itself. It existed from the time immemorial. Individual was born with innumerable problems. Even in the primitive and medieval society, the parents used to solve the problems of their children. With the simplicity of society the problems were simple, but now in a modern complex and technological society...
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...today. By being there everyday of my life my family has taught me the meaning of loyalty, I’m a smart, loving, caring, trustworthy, hardworking, and successful because my parents helped guide me in the right direction. They will be there to support me until the very end. I don’t know what I would do without my family. If it wasn’t for them I wouldn’t be the person I’m today. My family has taught me never to give up and to keep going even when times get rough. They have instilled in me to reach my goals and strive for the best. I will reach my goals in life to the best of my potential. With this in mind, I go to school everyday to reach my short-term goal of graduating with honors and start my next goal of becoming a sophomore in college. My family has taught me everything that I believe in such as religion and working hard for what you want. When I got to school I get taught many things from my teachers, which helps me become a more well rounded and educated person. My friends are also the people who encourage me to be a hard worker and to do my best. They help if I don’t understand something and are there for me when I need someone to talk to. The learning of values starts at an early age. Your parents want the best for you and start teaching you what is important by reading books to you, talking to you, and caring for you. A person will be influenced by many...
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...Journal Assignment Grand Canyon University UNV 501 For my first article I picked an article entitled A Longitudinal Examination of the Link between Youth Physical Fitness and Academic Achievement. Both authors Rebecca London and Sebastian Castrechini work at Stanford University. They are both interested in knowing if the fitness does help achievement, London has done extensive research in this field. They both work at Stanford University. I selected this article because I am very interested in elementary education, and I am also interested in fitness and sports. This article allowed me to see if there was a correlation between students being fit and how they do in the classroom. This article is considered scholarly because both authors did extensive testing and research for this article. I was glad to find that kids who were fit did better in the classroom. My second article was The Significance of Mathematical Knowledge in teaching elementary methods course: perspectives of mathematics teacher educators. It was co-written by Rina and Dov Zazkis. They wanted to see how math teachers used there knowledge to teach a class. I picked this article since I both enjoy math and I am interested in knowing different ways to teach it. Both authors work at universities in the education field, though D. Zazkis researches mathematics and science education. This is scholarly because they investigated how math teachers taught students. My third article is an article...
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