Enron’s top management‚ especially misled not only the board of directors he was able to misled the investor which bring about Enron filing for bankruptcy in 2001. In early‚ 2002 criminal investigation was open by US department of Justice into Enron’s collapse. The Security exchange commission (SEC) also opened the investigation into Arthur Andersen as well because they destroy and hide evidence of Enron’s financial statement. The role of the auditing giant Arthur Andersen in the collapse of Enron
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Financial Statements Paper John Doe ACC/290 January 3‚ 2013 Introduction In this paper it will go through: Identify the four basic financial statements‚ describe the purpose of each of the four financial statements‚ discuss how the financial statements would be useful to internal users such as managers and employees‚ and discuss how the financial statements would be useful to external users such as investors and creditors. Identify the
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example. In today’s corporate environment‚ companies are creating information packets that explain benefits in a detailed form to eliminate any confusion employees might have. Big corporations are breaking down benefits like medical‚ dental‚ vision‚ and 401K and providing step-by-step assistance and directions in open enrollment. This gives the employee instructions on how to make any changes to any benefits they might want to change. Stocks and Investors Understanding the stock market and market
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Question 1: Discuss the following questions. Shareholders elect a board of directors to elect (i.e.‚ hire)‚ direct‚ and monitor the top executives of the firm‚ with the intent of having the firm managed in a way that is beneficial to the shareholders. Why is it then that we sometimes see unfortunate examples of executives bilking investors (e.g.‚ Enron‚ Worldcom‚ Tyco‚ and Adelphia)? Do changes need to be made in the way that shareholders control the firm’s top executives? Shareholders have the
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Abstract Employer’s incentives should be to provide the finest environment for their employees if they want the work to be done in a good and timely manner. Providing benefits that will increase employee’s morale is a positive way to get the best out of an employee. If employees see that their employers care about them and are willing to provide them the “extras” in life they will more likely be harder working. HR managers need to take into account different types of morale boosters when dealing
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influenced by the Equal Pay Act‚ which “protects men and women who perform substantially equal work in the same establishment from sex-based wage discrimination (Equal Employment Opportunity Commission‚ 2009). Consequently‚ since the company provides 401K benefits and insurance benefits‚ the company is adhering to the spirit of the Age
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Question 3 Which of the following items WOULD be considered income on your U.S. federal income tax form? Your Answer | | Score | Explanation | Tips | ✔ | 1.00 | | Total | | 1.00 / 1.00 | | Question 4 Putting money into an employer’s regular 401k retirement plan would be an example of tax: Your Answer | | Score | Explanation | Deferral | ✔ | 1.00 | | Total | | 1.00 / 1.00 | | Question 5 A Defined Contribution plan is limited in: Your Answer | | Score | Explanation | The amount
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of Enron ’s principles was to offer their employees fair compensation through wages and other benefits; yet that did not end up being the case. While executives were selling their stock options‚ employees were going to be losing the money in their 401K policies since most of the employees had everything in the company stock options. "In large meeting rooms‚ just prior to Christmas in 2002‚ 5‚000 Enron employees were informed by members of management that they had received their last paycheck‚ and
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Getting‚ Keeping‚ and Growing New Team Members By Richard Anderson October 4‚ 2010 Instructor‚ Tiffany Klein October 4‚ 2010 From: The Desk of Richard Anderson To: HR Staff Hello everyone‚ the last few weeks have been very intense but very productive. We have completed two of our three objectives 1) getting the team chosen and placed‚ 2) growing them by starting the training‚ and 3) the final phase‚ the important step where we are now ‚ developing an attractive compensation plan to keep
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to scheduling. Advance America requires center level employees to be available from 8am-8pm everyday and provide their own reliable transportation (www.advanceamerica.net). The hourly employees have a variety of benefits‚ health‚ dental‚ vision‚ 401k‚ Paid time off‚ The next level of employment is the divisional and regional directors of operations. These employees are salaried and receive an average salary of $49‚000 to $60‚000 for Divisional Director and $118‚000 to $126‚000 for Regional Director
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