organization. This is done with close attention to academic journals and research. The paper will derive its arguments from veteran theories like the Utilitarian and the Kantian theories. The paper will also relate its discussions with the case study about Enron a USA company that collapsed as a result of unethical behavior in the management. Some of the components that will be highlighted in the paper include; the importance of an ethical culture in an organization, the dangers of lack of ethics
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Coca Cola was created by Pharmacist Dr. John Styth Pemberton. He developed the formula for the famous soft drink in his backyard on May 8, 1886. Dr. Pemberton’s bookkeeper, Frank Robinson, came up with the idea for the unique cursive logo that has Coke is a company of enduring strength. They have been privileged to play a role in helping millions of people over the world be well and stay well through more than a century of change. As the science of human health and well-being has grown, they have
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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
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ENRON- A Study of FAILURES Who, How, Why! Arthur Gudikunst, Ph.D. Revised: April, 2003 Professor of Finance Finance Department Bryant College Introduction: The saga of the ENRON Corporation has been unfolding in the media for well over a year. In the span of only three years, ENRON has gone from public and professional acclaim of the company and its senior executives to scorn, infamy and bankruptcy. Its public auditing firm, Arthur Andersen, has basically been destroyed, as well
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Table of content 1. Question 1 1. Introduce to Corporate Governance 2. Governance makes a Difference 3. Failures of Corporate Governance 4. Failures in Major companies 5. Reform of Corporate Governance 6. Conclusions 2. Question 2 1. Introduce to Cadbury Report 2. Conclusions 3.0 References Question 1 Based on the above it has been stated that “the problem is not a failure to comply with rules
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book, “Lying”). Deception is newswriting is rare, but deception in newsgathering is a persistent temptation, because it often facilitates the process of securing information. There are five cases that demonstrate the dimensions of the truthtelling issue in journalism and media ethics: 1. Al Jazeera: This case examines the Arab news network, Al Jazeera, an independent news organization based in Qatar. Does Al Jazeera slant its news against the West? Many Western journalists and governments are not
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deviance results from social inequality. Norms, including laws reflect the interests of powerful members of society. In other words, deviance is political: people with little power are at high risk of being labeled deviance. In terms of functional analysis, deviance is a necessary element of social organization. Deviance affirms cultural values and norms. There can be no good without evil and no justice without crime. Responding to deviance clarifies moral boundaries. By defining some individuals as
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describe the essences of the following cases of accounting scandal or earnings management. (20 points) A) ENRON (8 points) * Enron created many special purpose entities (SPEs) controlled by senior Enron officers that they used in conducting off balance sheet financing * SPE’s borrowed money from banks using Enron’s stock as collateral However all of the liability was reported on the SPE’s books, not on Enron’s, even though the borrowed cash went to Enron * Thus investors had no idea of
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the ways to mitigate these threats. Last part of the essay is talking about the risks that could cause misstatements to the financial statements and how quality control can mitigate them. A) Firstly, according to the information given from the case, there is a part of inventory not located at Transval Ltd. This part of inventory is located at customers’ premises which means Transval Ltd has to count inventory quarterly from each customer. Consider about this, there might be a misstatement happened
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1. Perform an initial ratio analysis with Enron’s 2000 10-K Report, using the “Irrational Ratios”, the “Key Ratios for Investing” and the “Emerging Ratios”. Irrational Ratios Days Sales in Receivable Index | 1.376 | *This could be a red flag because this comes in closer to the mean manipulators index than the non-manipulators index. | | | | Gross Margin Index | 2.144 | *This is definitely a red flag because it is much higher than the average manipulators index of 1.193. | |
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