Research Paper – Enron and Ethics in Financial Reporting Table of Contents Cover Page – Page 1 Table of Contents – Page 2 Introduction – Page 3 Statement of Problem – Pages 4-5 Analysis of Problem – Pages 5-6 Conclusion – Pages 6-7 References – Page 8 Introduction A major scandal that still resonates in financial markets today was Enron’s bankruptcy. The business environment of the time included a deregulated energy market (specifically in California) that allowed Enron to inflate their
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LEIGHTON SALMON 2133 Benchmark Drive Snellville, GA 30078 Telephone: (678) 344-2309 Cell: (678) 227-9497 Email: lgsalmon@hotmail.com BACKGROUND SUMMARY Accounting and Financial professional with considerable experience in various ERP Systems. Very proficient in the GL, AP, AR, AM and eProcurement modules of PeopleSoft. Advanced skills in Financial, Accounting and business Analyses Experienced in Tier 2 support of PeopleSoft, Blackbaud Financial
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ACG 6805 Accounting Theory Fall 2015 Professor: Greg Trompeter Office: 323 BA I Phone: 407.823.2150 Office hours: Tuesday before class; as announced in class; and by appointment. Required texts: Readings available as noted below. • Trueblood cases from Deloitte. Available at: http://www.deloitte.com/view/en_US/us/About/university-relations/Deloitte-Foundation/0ac1264f0b0fb110VgnVCM100000ba42f00aRCRD.htm • FASB codification—password
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2002, passed by the United States Congress with the intention of protecting investors from fraudulent activities experienced by business entities or corporations. The enactment of the SOX Act happened at a time when various scandals such as Tyco, Enron, and WorldCom affected the confidence of investors. Indeed, the SOX Act is about regulatory measures that are essential for purposes of protecting the welfare of investors. It is important to note that the business environment in today’s world require
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Accounting Principles & General Financial Ethical Standards Mark Bullock Acc/291 11-18-2013 John H Olarte Accounting Principles & General Financial Ethical Standards [pic] “Accounting and financial professionals must abide by ethical standards that regulate what kind of business they conduct, who they serve and how they use their skills. Ethical standards are determined largely by professional accounting and finance organizations and the Financial Accounting
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Excello Communications Camille O'Roarke ETH/376 September 15, 2014 Ding Hardin Excello Communications In the Excello Communications scenario, the CFO Terry Reed is faced with a dilemma. Sales have been dropping due to competition from overseas manufacturers. Mr. Reed’s concern with these reduced sales is the impact it will have on bonuses, stock options, and share prices. With a large order of $1.2 million placed on December 20, 2010 by Data Equipment Systems, Mr. Reed sees an opportunity
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This work of ACC 557 Week 3 Discussion Questions comprises: DQ 1: Explain several ethical challenges one could incur when measuring performance within an organization. DQ 2: Explain what ethical issues SOX has helped with and where improvement is still necessary. Business - Accounting ACC 557 All Discussion Questions / Week 1 to Week 11 ACC 557 Week 1 DQ1 "Improper or Illegal Methods” Please respond to the following: From the e-Activity, identify the company
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To decide what are the pros and cons of going public or stay private, first of all we have to understand what section 302 of SOX is requiring of the CEO and CFO Section 302 of SOX requires that a company's CEO and CFO be personally responsible for accurately reporting all materials in respect to their company's financial health and stability. Additionally, Section 302 states that the company's CEO and CFO certify that all of the proper "disclosure controls and procedures" are in place within the
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Legality and Ethicality of Corporate Governance Nicolle Pack ETH376 / University of Pheonix Abstract The publicly traded company, United Thermostatic Controls, is currently in the middle of an internal audit. The different divisions of the company are regionalized according to their area. The southern division has had struggled with decreasing sales and is having a hard time reaching the target set for their sales. The company pushes the different divisions to be aggressive with increasing revenue
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Daniel worked in the accounting department of Lynchberg Manufacturing. Daniels was recently asked to prepare a sales budget for the year 2011. He conducted a thorough analysis and came out with projected sales of 250,000 units of product. That represents a 25 percent increase over 2010. But after some time he found that he had made some mistake in his report. The report had indirect effect on the demand and sales of the product and also the hiring of the employees. He was in making a decision to
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