7/22/2013 ACCT 90004 Accounting for Decision Making Brad Potter Room 7.064‚ 198 Berkeley Street Tel: 8344 4989 bnpotter@unimelb.edu.au 1 1 7/22/2013 Subject Overview Introduction • This subject provides a broad introduction to the accounting process‚ accounting information systems and the language of accounting. • It is designed to enable you to become an informed preparer and user of accounting information. • Successfully completing this subject will also assist you
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CHAPTER 1: ACCOUNTING AND THE BUSINESS ENVIRONMENT Objective 1 - Use accounting vocabulary. Accounting is a system that measures business activities‚ processes that information into reports‚ and communicates the results to decision-makers. There are many users of accounting information. Individuals use accounting information to make decisions about purchases and investments and to manage their bank accounts. Businesses use accounting information to set goals for their businesses and to evaluate
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the Enron Debacle: An Ethical Perspective Blackwell Oxford‚ Business BASR © 0045-3609 O 1 110 BUSINESS CULPAN riginal 2004 Center UK Article and and Publishing‚ and TRUSSEL Society for SOCIETY Business Ltd. Review REVIEW Ethics at Bentley College REFIK CULPAN AND JOHN TRUSSEL INTRODUCTION W e examine the infamous Enron debacle from an ethical perspective by defining its theoretical underpinnings and analyzing the unethical conduct by top executives at the company in the areas of accounting‚ finance
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being raised concerning the collapse of Enron. The aftermath of Enron’s fall has brought review of the actions that took place prior to the collapse. Many of these questions may be left unanswered. The company’s executive management‚ board of directors‚ and auditors hold the responsibility for the ultimate collapse of a once dominant force in the energy industry. Team A developed several options in a plan that could have possibly helped Enron avoid their demise. The plan is designed to discuss the
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Reichstag‚ depended on percentage of votes gained in elections. This caused‚ that in Reichstag were 29 parties represented and therefore we couldn’t speak about compact and solid government‚ because these parties were different oriented so they often couldn’t concur. Next problem of constitution’s weakness was Article 48‚ which was enacted in 1919. This article gave president so-called sole power whenever he want. President could use this article in emergency situation and have law of veto. So if president
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Bethlehem Steel’s Demise Founded in 1857‚ Bethlehem Steel was America’s second largest steel producer and largest shipbuilder. It was the backbone of the first blasting furnaces‚ coal‚ nuclear reactors‚ warships‚ cargo vessels and other major infrastructural accomplishments. Bethlehem Steel was headquartered in Pennsylvania dominating the economy and small city of Bethlehem with 7200 people. It had been around for over hundred years but now is a piece of American history disappeared forever declaring
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human society. This was evident from the era in which the author of this quote‚ the famous Greek poet Sophocles‚ lived until modern times. In my opinion‚ the famous sayings “honesty is the best policy” and “the truth shall set you free” are invaluable and should be followed by everyone. This pertains to all facets of life and the code of ethics should be practiced and applied by all in the world of politics‚ sports‚ science‚ and business. In the complex world of finance and accounting‚ the importance
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swings like crazy . I’ll be happy one minute ‚ laughing hanging out with my friends . Than all of sudden my whole demeanor changed the person I’m talking to can be talking about a certain topic over and over again repeatedly. Or talking to loud like were on a football field an I’m on one side and there on the other side of the field ‚ in other words yelling. That switches my mood to irritated an annoyed. My mind starts to shut off not hearing anything there saying ‚ but thinking of an excuse to leave
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In this paper‚ the writer will evaluate the planning function of management within Arthur Andersen. Specifically‚ the paper will discuss at least one legal‚ ethical‚ and social responsibility issue that impacts Arthur Andersen. Additionally‚ this paper will analyze the impact these factors have on Arthur Andersen’s management planning. Finally‚ this paper will analyze at least three factors that influence Arthur Andersen’s strategic‚ tactical‚ operational‚ and contingency planning. The firm
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MINI CASE: THE FILURE OF CORPORATE GOVERNANCE AT ENRON 1.Which parts of the corporate governance system‚ internal and external‚ do you believe failed Enron the most? In the evaluation of the Enron’s case; by trying to see the very big picture‚ it is not only about that the internal part of the corporate governance system was failed or but also the external part of the corporate governance system was also failed. As noted on the last paragraph of the mini case‚ many people from different positions
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