1. Define the problem(s) Enron failed to record some of its transactions. Arthur Andersen did not allow the LJM financial statement to stay unconsolidated. 2. Analyze the situation - again‚ take a "lessons learned" approach. You might use the following questions as guides: A. What important internal controls were ignored when LJM1 was created? LJM1 ignored some of Enron’s entries in the books that were missing. Outsiders owned less than 3% of the Special Purpose Entities equities. There was
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University of Phoenix Material Responsible Borrowing Worksheet Many students acquire federal student loans to pay for college. The goal of this assignment is to help you learn how to borrow responsibly‚ which may mean that you do not borrow at all or that you borrow only what you truly need. To borrow responsibly‚ you must understand your options and establish a financial plan for your entire program. With that plan in place‚ you can focus on your courses and make connections with instructors
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of ethical issues raised in the movie “Enron-the Smartest Guys in the Room” but the four I am going to focus on are listed below. Art Anderson‚ Ken Lay and all of the other executives did a number of unethical things which ultimately brought down Enron and affected thousands of employees and their futures. The bottom line was that each and every one of them acted out of greed for the almighty dollar. 1- Encouraging employees to invest and buy stock in Enron when they knew the truth about the lack
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Is Eating Meat Morally Permissible? It has been argued that meat has high sources of energy‚ minerals‚ and proteins in the human diet. It is rich in proteins which have shown to have a high energy unit as compared to other food types. Proponents of meat consumption support its consumption as it has a greater nutritional value and is good to the test buds. Apart from the nutritional reasons‚ it is also thought meat consumption maintains the ecosystem at equilibrium. If meat consumption was to stop
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IS WAR NECESSARY? The greatest catastrophe that can happen to human is war. It comes with death and destruction‚ disease and starvation‚ and poverty. Looking at the havoc caused in Hiroshima and Nagasaki in Japan not many years ago‚ from this we can estimate the destructive effects of war. From history‚ war has been a recurrent phenomenon in many nations‚ there are wars lasting for a year even more than that (world word 2 lasted for six years). Moltse‚ the famous German Field Marshal‚ declared war
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Abortion Morally Right or Wrong Kirstyn Fletcher PHI 103 Informal Logic Anthony Biduck October 26‚ 2011 What About it is Considered Moral or Unmoral? This subject is probably one of the top five most controversial subjects in the world today. Is it immoral to kill an unborn child? Do we have the right to choose what grows in our bodies before it becomes a citizen in America? Will God punish you for killing a person? So many questions go into this type of situation of what’s morally right or
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“Plagiarism is morally reprehensible. dicuss” David Zucker SSCI E-100b Dr. Nadiya Kravets September 4‚ 2013 Both Dr. Kravets and Lee Jones make the important point that good essays require good definitions. It is‚ in my opinion‚ equally‚ and perhaps more important that both the essayist and his reader are clear as to the question that is under discussion and how the essayist plans to address that question. When the choice of
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Running head: Enron and Ethics Enron: An Ethics Case StudyEnron: An Introduction The previous decades have seen the birth and meteoric rise of several corporate giants such as Microsoft and Apple‚ both of which have all but become household names in this day and age. Neither achieved their level of success overnight‚ especially not since they have long been known to be in direct competition with each other. On the contrary‚ both of them have had their share of scandals and controversies
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“To egalitarians‚ having more wealth than someone else is morally permissible only to the degree that the person guilty of having more wealth continually apologizes for it and self-sacrificially works to eliminate the disparity” (Ari Armstrong‚ 2014). Egalitarians do not believe in a difference between men and women. They are mostly against traditional gender roles and believe that people should be treated as equals from birth therefore any egalitarian would stand in a position that favors equality
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Behavior and the Failure of Enron Germaine Washington LDR/531 February 13‚ 2012 James Kaczynski Organizational Design and the Failure of Enron This is an analysis of how the application of specific organizational-behavior theories could have predicted the failure of Enron. Although there are many types of core topics of organizational behavior‚ the focus of this study will be on how leader behavior and power‚ and motivation contributed to the bankruptcy of Enron. In addition‚ a comparison
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