Essays Tagged: "accounting practices"

Enron Corp. was one of the world's largest energy, commodities and services companies.

e ProblemA. Symptoms Enron's problemsB. Problematic theories to Enron's problemsII. Root problemsA. Accounting Practices.B. Roles of Key Players.III. Analysis of the ProblemA. Causes of the problem.B. ... r that has cost thousands of employees their jobs and their retirement. Enron, through a variety of accounting tricks relating to partnerships, inflated their profits and lowered their debt. They misl ...

(2 pages) 352 0 2.5 Oct/2003

Comparisons of usa, uk, and china accounting systems.

This report discusses the accounting practices of the following countries U.K, U.S.A and China. An analysis of these different ... res that have led to each nations current characteristics. Concluding on the direction each nations accounting systems and practices seem to be heading towards.IntroductionThe main characteristics of ... .IntroductionThe main characteristics of U.K accounting is that it is highly dominated by organised accounting profession, which only relate to limited liability companies, no other such entity. A sep ...

(14 pages) 481 2 3.6 Jan/2004

This is an article analysis of Jack in the Box

The article I have chosen to summarize highlights the accounting practices of a San Diego--based company, Jack in the Box, Inc. (NYSE: JBX). In addition t ... r improvement for my organization based on the article. Lastly, explain the importance of ethics in accounting and financial decision making.Although Jack in the Box remained strong with widely varied ... in the fast food industry highlights serious controversy over the company's new growth strategy and accounting practices (Bauder). In this article, analysts are challenging the accounting practices of ...

(3 pages) 264 0 3.6 Feb/2004

ENRON:What really happened?

ul corporate America. But the company's success, were based on artificial inflated profits, dubious accounting practices, and some say fraud. The firm's success turned out to have involved an elaborat ...

(3 pages) 237 1 3.0 Mar/2004

Does social responsibility in a business contribute to its profits?

erformance. Finally, the practical implications for managers will be considered, with a look at new accounting practices, which are at the forefront of ethical accounting.There are many ways in which ... lished that social responsibility poses many practical implications for managers, especially as new accounting methods are becoming more prominent. Therefore, it has been found that social responsibil ...

(4 pages) 205 0 4.0 Mar/2004

Enron Case Study

(2 pages) 687 0 3.9 Apr/2004

This essay is to do with accounting scandals, and what accountants are doing to change their image.

FINANCIAL ACCOUNTINGAccounting is an information system that identifies, records, and communicates the economi ... ted to the production and distribution of goods and services in an organization. Yet recently, many accounting scandals, questionable bankruptcies, and overall mistrust of financial reporting procedur ... questionable bankruptcies, and overall mistrust of financial reporting procedures have affected the accounting profession as so many new accounting irregularities have taken place. The definition of ' ...

(4 pages) 420 3 4.6 Apr/2004

Strategic Management Accounting

STRATEGICMANAGEMENT ACCOUNTINGDuring the last years issues of strategic management accounting have received widespread a ... ers. However, there is still no comprehensive framework as to what constitutes strategic management accounting. Basically the management accounting practices has one or more of the following character ... ll review some of these recommendations that have had impact on development of strategic management accounting.The term SMA was coined by Simmond (1981, 1982). Simmonds (1981) defines the concept as ' ...

(11 pages) 913 0 3.7 Apr/2004

Lucent Technologies

ro and Atlas). But by July 2001, Lucent's stock was trading at $6.43, the SEC was investigating its accounting practices, and several former, high-level managers had been sanctioned by the SEC or were ... said it had to restate its financial statements as a result of an internal investigation revealing accounting irregularities. Lucent's restatement reduced revenues by $679 million (McGough, Bloomberg ...

(6 pages) 183 0 4.3 Apr/2004

What brought about Enron's Collapse?

named "the most innovative company" but further investigation into the company and its business and accounting practices reveal more than greed. Mismanagement of huge proportions, disregard to organiz ... ns of dollars lost in the partnerships were kept off Enron's books. The improper and overly complex accounting practices involved Enron's accounting firm, Arthur Andersen. The extent of the firm's inv ...

(4 pages) 244 0 5.0 Jul/2004

A report into the collapse of HIH insurance

excess of A$5billion. This report intends to discuss some of HIH's business objectives and creative accounting practices that may have attributed to the collapse of the company.1.1 History.HIH began o ... oundaries between banking and insurance were disappearing, what's more, advances in technology were accounting for big changes across the financial services sector (Owen 2003).2. Analysis.The aggressi ...

(9 pages) 126 0 4.0 Sep/2004

Business requirment defenitions

oject current and future sales. This would be a great asset to promote efficiency and accuracy. The accounting practices of a company are very closely related to the success of a company. The accounti ... ly because of internal issues and also external issues like those with the IRS. When speaking about accounting we should use the latest technology and also skilled professionals to upkeep our accounti ...

(2 pages) 31 1 4.5 Feb/2005

Subjects: Businesss Research Papers > Management

Corporate Social Responsibilty and its Importance

sparency and integrity are currently hot topics, owing to the series of well-publicized failures in accounting practices and out-of-balance executive pay schemes. Members of core target groups are att ... nowhere accounted for on the typical balance sheet of the company. There by a huge gap arises. The accounting protocols fail to figure the way in which organizations create value. Although the enforc ...

(3 pages) 225 0 4.3 Mar/2005

What are generally thought to be the principal threats to auditor independence?

Introduction'Auditor independence is one of the most important issues in accounting practices today. Independence increases the effectiveness of audit by providing assurance ... ole of "ARTHUR ANDERSEN, LLP" in the affair of "Enron"? ANDERSEN is one of the so-called 'Big Five" accounting firms in the United States. When the affair of "Enron" broken, "ANDERSEN" burnt some impo ... in spirit.List of ReferencesGlynn, J., Perrin, J. and Murphy, M. (1998) 'Auditing and management', Accounting for Managers, 2nd edn, London: International Thomson Business Press, 119-124.Myring, M. a ...

(4 pages) 113 0 4.3 Apr/2005

Accounting Procedures

tations of financial records recently, such as Enron, there is a need for investigations beyond the accounting auditor capabilities. A look at the different qualifications of a forensic accountant or ... ompany's financial records they are auditing have been prepared according to GAAP (general accepted accounting practices). While do so an auditor is not very likely to uncover fraud. A fraud auditor's ...

(3 pages) 121 0 3.0 Jan/2006

Keppel Land - Analyst Report - Residual Income Valuation

volatile and have no specific pattern. This is primarily due to 2 fundamental issues:* Current bank accounting practices* The time lag between demand signal and actual supplyIt is these factors which ... ell when the property value's reached their peak in 1997 only to fall by 40% in 2004.* Current Bank Accounting PracticesConsumers continuously depend on banks to finance their property purchases. Bank ...

(17 pages) 135 0 5.0 Feb/2006

Enron and World Com

Enron Corporation's fishy accounting practices, the siphoning of profits at Adelphia Communications Corp., allegations of tax ... y that has cost thousands of employees their jobs and their retirement. Enron, through a variety of accounting tricks relating to partnerships, inflated their profits and lowered their debt. They misl ... into consulting gold mines.In the years before WorldCom Inc. announced the $3.9 billion in improper accounting that led to its bankruptcy this summer, the telecommunications giant was plagued by loose ...

(2 pages) 121 0 3.7 Feb/2006

"How would you define business ethics, and why are ethical standards necessary in professional selling"

conduct, from boardroom strategies and how companies treat their suppliers to sales techniques and accounting practices" (Institute of Business Ethics n.d.).DiscussionHigh ethical standards requires ...

(6 pages) 195 0 4.0 Apr/2006