Enron: The Smartest Guys in the Room Extra Credit for Accounting II By: Grace Lindley ENRON: The Smartest Guys in the Room is the story of one of history’s greatest business scandals‚ in which top executives of America’s seventh largest company walked away with over one billion dollars while investors and employees lost everything. Based on the best-selling book The Smartest Guys in the Room by Fortune reporters Bethany McLean and Peter Elkind‚ and featuring insider accounts and
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Throughout our nation’s history‚ we have taken part in many unethical means of gaining information or knowledge. Some of the more famous cases include‚ The Milgram Obedience and Authority experiment‚ The Stanford Prison experiment‚ and of course the Abu Ghraib scandal involving our own U.S. soldiers. While two of these instances were not intended to cause physical harm‚ they were all branded unethical due to the extent of not only the physical abuses that took place‚ but the painful psychological
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Enron is frequently given as an example of creative accounting. It is also given as a good example of accounting fraud and insider trading. This is a good example of creative accounting taken too far - not many would disagree that it was accounting fraud‚ although some would say they were just unlucky to get caught. after all‚ the auditors were Arthur Anderson‚ at the time one of the most respected auditing firms. Creative Accounting – Example 1 – Creating multiple trading entities The creative
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Wk2 Assignment: The Enron and WorldCom Scandals Student Name ACC/260 Date Instructors Name[Page Break] 1. Which segment of its operations got Enron into difficulties? The guaranteed loans that were intended to bridge the financing for investments from outside investors that could not be found would be the segment of operations that caused Enron difficulties. 2. Did Enron’s directors understand how profits were being made in this segment
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issues debated. (i.e. online articles or journals‚ company websites‚ pamphlets‚ newspaper snippets‚ interviews) – EVIDENCE 6. Guidelines: 1. Introduction of the company. 2. Ethical Issues : • Identify the unethical actions • Causes of Unethical Behavior • Is the action illegal? Does the action violate any laws? • Do laws take any action towards the company? • Does the action violate company or professional standards? • Does the company make any reparation
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2.2.1 Impact on Stakeholders This kind of unethical way of branding to rip off the best sellers‚ employees will be directly affected in terms of creativity and the job performance. It is because Tesco branding could lead to all the employees to be less creativity towards their products and eventually lowered down the job performance badly (Gong‚ Huang & Farh‚ 2009). All the products they produced is almost similar to those bestselling brands‚ they just refer and create a similar one and label
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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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business ethics in the workplace. I have carefully analysed the range of moral issues and values that arose in the various business contexts. However‚ the three videos are used in my assignment were: - 1) MR ETHICAL VS MR UNETHICAL 2) Business Ethics: Resolving an Unethical Situation 3) BUSINESS ETHICS Note: - All the above mentioned topics are all you tube videos which I carefully studied‚ evaluated and gave my own perception of what I felt like was the most ethical and most moral thing to
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Abortion “Ethical or Unethical” In my paper I will argue on why I feel that abortions are unethical and why they should not be allowed. As you are reading this paper I really hope that I don’t start to contradict myself. Let me begin by saying there are several different reasons why abortions should be prohibited. The first reason why I feel that abortions should be prohibited is because of religious laws. The bible says that “thou shall not kill”. By aborting babies we are disobeying god and
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UNETHICAL ISSUES STIRRED UP BY ALCOHOL COMPANIES The most severe and significant unethical act by Carlsberg is its marketing strategy. Over here‚ we will analyse and interpret a string of unethical marketing activities by Carlsberg. By definition‚ alcohol advertising is one-sided and presents alcohol consumption as a safe and problem-free practice‚ de-emphasizing the potential health risks and negative consequences. • Targeting the young drinkers In 2006‚ Carlsberg spent about US$2
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