Accounting Fraud - 721 Words

5 EFS students: Use this table to create your essay outline in NOTE form. Submit this completed outline on Monday WK 4 together with your articles (4 or 5), a reference list notes on your articles that will be used as support for your arguments/points. Remember you MUST highlight the sections on the articles that you are going to use as support in your essay and you MUST write next to these sections, what paragraph in your essay the ideas will be used in. i.e. Definition paragraph, BP1, BP2, BP3. (BP = Body paragraph). Note: Students should aim to have 3-4 in text references per paragraph – see model essay in text book p. 109 Name: Thao__________________________Term _ /2014_ Title: How has Vietnam’s response†¦show more content†¦| | | |Show MoreRelatedAccounting Fraud Is A Serious Matter942 Words   |  4 PagesAccounting fraud is a serious matter. It destroys a company and makes the level of the playing grounds, uneven and unethically. Accurate and honest accounting is the sole foundation of a successful company. Without honest accounting the company is open to error and possible legal matters. Many legal problems and deceptive accounting can cause mayhem and ruin people’s lives and may even cost their freedom. Tyco is a great example of accounting fraud. It complicated lives of many innocent people andRead MoreAccounting Fraud And The Financial Fraud1761 Words   |  8 Pagesthose investing in the company that Ebbers wasn’t the best choice to run the 2nd biggest telecom company in America. WorldCom was just one of many accounting frauds that took place in the early 2000’s. But unfortunately that trend of dishonest accounting didn’t stop. The reason behind writing this report is to examine the $11 billion accounting fraud the biggest in US history, the collusion between Ebbers and the CFO Scott Sullivan to deceive investors, causing the loss of thousands of jobs and costingRead MoreThe Bible Accounting Fraud1166 Words   |  5 PagesThe Bible amp; Accounting Fraud Liberty University Abstract Accounting is an information and measurement system used by mainly all businesses and organizations to provide relevant, reliable and comparable information about its business activities, (Wild, amp; Shaw, amp; Chiappetta, 2011, p.272). Accounting Information Systems is a fundamental part of determining the success of an organization. An effective information system provides InternalRead MoreA Case Of Accounting Fraud1555 Words   |  7 Pagescase of accounting fraud driven by the desire to build and protect one’s personal financial condition is the WorldCom debacle. Bernie Ebbers had to show continually growing net worth in order to avoid margin calls on his own WorldCom stock that he had pledged to secure loans. When WorldCom, the telecommunications giant, failed and was put into bankruptcy, the U.S. witnessed the largest accounting frauds in history. Former CEO, Bernie Ebbers, was convicted of orchestrating this accounting fraud andRead MoreThe Accounting Fraud At Worldcom Essay1349 Words   |  6 Pagesmany fundamental mistakes from Anderson not keeping pressure on WorldCom and getting all vital information that would prove how poorly the company was being run. Had they been operating transparently, auditors and employees would have seen the accounting deception and could potentially have stopped it prior to the company’s collapse. In addition, by employing multiple auditing firms many of the mistakes being made may have been caught and discontinued from the beginning. Corporate Responsibility Read MoreThe Theory Of Accounting Fraud3500 Words   |  14 Pagesof cases of fraudulent accounting have been reported over the last fifty years. However, in each case the manner in which the fraud was perpetrated was different In the UK there is no legal definition of fraud (Levi, Information Gathering Working Party and Doig, 1999). Black’s Law Dictionary (1999) defines fraud as â€Å"a knowing misrepresentation of the truth or concealment of a material fact†. When we apply this to the world of accountancy there can be confusion between fraud and ‘creative accountancy’Read MorePrevention And Detection Of Accounting Fraud2577 Words   |  11 PagesPrevention and Detection of Accounting Fraud @@@@@ @@@@ @@@@ @@@ October 21, 2014 Abstract: A client has requested information on the prevention and detection of accounting fraud. The research paper will cover descriptions of types and components of fraud. It will offer suggestions as to who would commit fraud and how it would be detected and prevented. The research paper should provide a general overview of the subject in layman s terms. Read MorePayroll Fraud And Accounting Information Systems1391 Words   |  6 Pages Payroll Fraud and Accounting Information Systems Stephanie Ace and Nisha Selvam Payroll systems have evolved tremendously as software and computerized systems have spread throughout the workplace. While this has alleviated some of the hassle involved with processing payroll, it has also opened up a world of potential issues. Oftentimes, systems that appear both effective and efficient can become vulnerable if placed in the hands of dishonest employees or employersRead MoreAccounting Frauds: ZZZZ Best Company, Inc1022 Words   |  5 Pagesexamples of Accounting Frauds. The founder of ZZZZ best was Barry Minkow. He was a very smart young entrepreneur when he started the company. He was involved in credit card forgeries prior to starting his own carpet cleaning business â€Å"ZZZZ Best Company†. Minkow began his business with small carpet cleaning jobs and he became a multimillionaire in a very short period of time. Minkow met a person named Tom Padgett at Los Angeles Health club. This was the beginning of Minkows big fraud scheme. PadgettRead MoreAccounti ng Fraud at Worldcom 33346 Words   |  14 PagesAccounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to â€Å"cook the books?† After the rapid evolution of the telecommunication industry in the 1990s, WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result, their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective

`` For Cause And Comrades `` By Kathryn Shively Meir Of...

Using firsthand accounts of people’s lives, such as letters and diaries, gives the reader the ability to experience the writer’s thoughts, feelings, hopes, and dreams. This tactic was used by two authors to use these firsthand accounts for differing outcomes. Author James McPherson provides a comprehensive analysis of the Civil War using over 25,000 letters and 250 private diaries in his book, For Cause and Comrades: Why Men Fought in the Civil War. McPherson in his book answers to age-old questions; who was the common soldier and why did soldiers fight – what was their motivation? While McPherson answers these questions, another author uses diaries and letters of Civil War soldiers to understand the physical side of war. Author Kathryn†¦show more content†¦Other historians have used similar sources to analyze soldiers’ thoughts, emotions, and actions of Civil War soldiers. However, none has diagramed and picked apart the diaries and letters with the same questions as McPherson, such as why the men enlisted and fought in such a bloody war. Some historians believed that most of Civil War soldiers were unaware of why they were fighting. However, it has been found that in soldiers letters and diaries that soldiers did have a sense of the ideological ideas that caused the war. Troops on both sides of the war were very aware of the issues that were at stake, and it concerned them greatly. This was a civil war that would define the fate of a nation or even two. This war would shape American society and each person in it. Civil War soldiers lived in the world’s most politicized and democratic country in the mid-nineteenth century. They had come of age in the 1850s when highly charged partisan and ideological debates consumed the American polity†. (pg 92) Men enlisted in the war for not only patriotic reasons but also ideological; these beliefs did not vanish after becoming a soldier. â€Å"The spread-eagle speeches they heard at recruiting rallies merely reinforced the ideas they had absorbed from the politica l culture in which they had grown up. And their army experiences reinforced these ideas even more powerfully.† (pg 92) Men not only heard the speeches but also read what was printed in

Perspective of HRM and Organizational Performance

Question: Discuss about the Perspective of HRM and Organizational Performance. Answer: Introduction: The universal usefulness of enlistment, as per Syed and Jamal (2012), is to give the association a pool of conceivably qualified job applicants. Techniques for enrollment are specific approaches to build up the acts of every phase in the enlistment life cycle and process. The best enrollment handle contains three fundamental strides, which are resuming, selection, testing and interviewing. Companies must look for qualified applicants. Recruitment must select individuals who are educated or experienced or both (Breaugh 2014). Many superior instances of organization are available that have applied recruitment strategies soundly. One of them is Telstra. Telstra believes in change and help to get it going by associating everything to everybody, in their predicament to make a splendid, associated future for all. As a famous Australian brand, Telstra perceived their need to pull in active job seekers, as well as to contact and associate with ability not active in the employment market. Taking the position that simply enrolling the best individual searching for a part was insufficient, Telstra needed to ensure that when enlisting recognized roles that they selected the best ability out there. Telstra additionally distinguished that an adjustment in their systems to associate with the best ability was required because of an ascent of components, for example, social and versatile effects on the ability advertise (Telstra 2016). To facilitate this, Telstra used recruitment software tools to employ the CRM function ality and help recruiters adopt a new way of working. Due to the implementation of this software, Telstra started capturing significant prospect and applicantinformation, tracking advancement, correspondingand identifying proper roles effortlessly. Their placement rates increased and the time taken to fill positions reduced. References Breaugh, J., 2014, July. Employee recruitment. InMeeting the Challenge of Human Resource Management: A Communication Perspective(p. 29). Routledge. Syed, Z.J.W. and Jamal, W., 2012. Universalistic perspective of HRM and organizational performance: metaanalytical study.International Bulletin of Business Administration,13(3). Telstra, 2016. Telstra Careers. [online] telstra.com. Available at: https://careers.telstra.com/Getting-Started#page=/Getting-Started/Recruitment-process/Our-recruitment-process-%e2%80%93-what-to-expectfilter=* [Accessed 13 Dec. 2016].

Problems In Education In Society Essays - Education,

Problems In Education In Society According to A Nation at Risk, the American education system has declined due to a rising tide of mediocrity in our schools. States such as New York have responded to the findings and recommendations of the report by implementing such strategies as the Regents Action Plan and the New Compact for Learning. In the early 1980's, President Regan ordered a national commission to study our education system. The findings of this commission were that, compared with other industrialized nations, our education system is grossly inadequate in meeting the standards of education that many other countries have developed. At one time, America was the world leader in technology, service, and industry, but overconfidence based on a historical belief in our superiority has caused our nation to fall behind the rapidly growing competitive market in the world with regard to education. The report in some respects is an unfair comparison of our education system, which does not have a national standard for goals, curriculum, or regulations, with other countries that do, but the findings nevertheless reflect the need for change. Our education system at this time is regulated by states which implement their own curriculum, set their own goals and have their own requirements for teacher preparation. Combined with this is the fact that we have lowered our expectations in these areas, thus we are not providing an equal or quality education to all students across the country. The commission findings generated recommendations to improve the content of education and raise the standards of student achievement, particularly in testing, increase the time spent on education and provide incentives to encourage more individuals to enter the field of education as well as improving teacher preparation. N.Y. State responded to these recommendations by first implementing the Regents Action Plan; an eight year plan designed to raise the standards of education. This plan changed the requirements for graduation by raising the number of credits needed for graduation, raising the number of required core curriculum classes such as social studies, and introduced technology and computer science. The plan also introduced the Regents Minimum Competency Tests, which requires a student to pass tests in five major categories; math, science, reading, writing, and two areas of social studies. Although the plan achieved many of its goals in raising standards of education in N.Y. State, the general consensus is that we need to continue to improve our education system rather than being satisfied with the achievements we have made thus far. Therefore, N.Y. adopted The New Compact for Learning. This plan is based on the principles that all children can learn. The focus of education should be on results and teachers should aim for mastery, not minimum competency. Education should be provided for all children and authority with accountability should be given to educators and success should be rewarded with necessary changes being made to reduce failures. This plan calls for curriculum to be devised in order to meet the needs of students so that they will be fully functional in society upon graduation, rather than just being able to graduate. Districts within the state have been given the authority to devise their own curriculum, but are held accountable by the state so that each district meets the states goals that have been established. Teachers are encouraged to challenge students to reach their full potential, rather than minimum competency. In this regard, tracking of students is being eliminated so that all students will be challenged, rather than just those who are gifted. Similarly, success should be rewarded with recognition and incentives to further encourage progress for districts, teachers and students while others who are not as accomplished are provided remedial training or resources in order to help them achieve success. It is difficult to determine whether our country on the whole has responded to the concerns that A Nation at Risk presented. Clearly though, N.Y. State has taken measures over the last ten years to improve its own education system. In many respects the state has accomplished much of what it set out to do, but the need to continue to improve is still present. Certainly, if America is determined to regain its superiority in the world, education, the foundation