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The Accounting Scandal Of Enron

What the heck is Enron? Let me tell you. Enron formed through a merger in 1985 between two energy companies, yeah that’s what it was by the way, an energy company. It was founded by a man named Kenneth Lay, you might want to remember that name. Enron was a fantastic company and very attractive for investors. In 2000 they were thought of being one of the world’s leaders in business, for example, how we see Apple and Google nowadays....
1 Page 539 Words

The Meaning of Justice as Equity

The word justice is associated with many aspects of society today; social justice, criminal justice and environmental justice just to name a few. However, all of these subsections have one thing in common, a societal outlook past individual gratification or concern. All of these groups or movements seek changes within their communities to reach a state of justice from a societal standpoint. Justice may only be achieved when all aspects of society are in fact made to be just. As...
3 Pages 1591 Words

The Prerequisites, Reasons And Consequences For Enron Scandal

Overview Energy corporation Enron was one of the largest players in corporate America. The company grew at a rapid state and was highly favoured by analysts and investors. Although Enron’s forecasts and financial reports for the late 1990s and early 2000s guaranteed stakeholders of continuous growth, this was not the case and it eventually played out to be the biggest accounting scandal in corporate America. Recent changes in the company’s management have brought on a slew of accounting practices that...
10 Pages 4628 Words

What are Ethics and their Importance in Global Banking and Business Today?

Ethics is a meaning that can change from one person to another. What could be ethic for one individual could not be for others. Ethics is a moral principle that rules over an individual’s behavior or judgment. Basically, ethics is about a person’s judgement about right or wrong, how they evaluate the decisions, and how they can react in a determine moment. Ethics is a very complicated subject because people think in different ways in different scenarios. Usually, ethics in...
1 Page 465 Words

Corporation and Ethics: Banks and other Financial Institutions

Introduction On 11th of February 2019 the Royal Banking commission presented its final report on the misconduct of banking and financial sector, revealing sickening behaviour of the financial industry. The investigation was on going since Dec 2017, highlighting unethical behaviour of banking, superannuation, mortgage and other financial industries and spotlighted some shocking facts about the big corporations. The need for the Royal commission surfaced after years of scandals and sharp decline in consumer’s trust in country’s financial services but on...
5 Pages 2167 Words

Satyam Scandal: India’s Enron

ABSTRACT From Enron scandal to Satyam scandal, many ‘false creative accounting practices’ have been created. Corporate frauds are now becoming a center of attention like Tyco, Worldcom, Freedie Mac. According to researchers, these frauds are hindering public confidence by producing fake reports. This report analyzes the India’s major corporate fraud-‘Satyam Scandal’ and what auditing issues arose in that scandal. The Satyam Scandal bought light to the code of ethics when its CEO falsified the accounts and auditors chose to remain...
4 Pages 2106 Words

The Peculiarities Of Enron’s Scandal

Since Ethics is a fundamental part of management, it is very important for the managers and directors to know the language of ethics. Also to understand how it is impossible to separate or escape from the language of business. Any decision made in business can follow a rule or break a rule and norms, and its consequences and effects can be seen on stakeholders. Any business decision is made for the corporation is reflected by the character of managers and...
3 Pages 1541 Words

The Usage Of Artificial Intelligence In Banking

Artificial Intelligence and Banking As global technology has evolved over the years, we have moved from Landline phone to Mobile, Television to Internet and Branch Banking to Mobile Banking and today we are smoothly and gradually adopting Artificial Intelligence (AI). It was John McCarthy who introduced the word AI to the world in 1956. It involves process automation of robotics to the actual process of robotics. AI is very popular today among large companies owing to the data handled by...
5 Pages 2309 Words

Major Players Of Enron Scandal

Enron corporation was a very successful American energy, commodities and services company. Founded in 1985 and Headquartered in Houston, Texas. It was a merger between Houston Natural Gas and InterNorth, which were both small regional companies. The company used to sell and trade in more than 30 different products, but when it first got started it mainly produced natural gas and electricity. But then Enron wanted to Introduce new ways of doing business by integrating the laws of supply and...
3 Pages 1369 Words

Enron Scandal: Fraud, Losses And Solutions

Company Profile Enron Corporation was an American vitality, items, and Service Company situated in Huston, Texas. It was established in 1985 by Kenneth Lay as the aftereffect of a merger between Houston Natural Gas and Inter-North. Enron Corporation was one of the main providers of Natural Gas, communications, pulp and paper. Enron utilized around 20,000 staff with guaranteed incomes. The organization's director and CEO is Jeffery skilling, previous President, and COO Andrew Fas-tow, previous CFO Rebecca Mark-Jusbasche , previous Vice...
2 Pages 774 Words

Ethical Considerations Of Enron Scandal

INTRODUCTION This report discuses about the Enron scandal of Enron corporation which is an American energy company based in Houston, Texas. It was basically publicized in October 2001 which resulted in bankruptcy of the company and the defacto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. Also along with being the largest bankruptcy reorganization in American history it was also cited as the biggest audit failure. This report also discusses...
4 Pages 1821 Words

The Relation of Equity and Social Justice

Social justice has been part of the discussion within Scottish Parliament since it was established in 1999 with one of the first policy programmes focusing on social justice (‘Social Justice: A Scotland Where Everyone Matters -Scottish Executive, 1999). Social justice is concerned with socially marginalised groups and how society responds to this. Inclusion is education’s response to social justice and social justice can only be achieved through inclusive schools and teachers (Dyson, 1999). A key feature of social justice is...
1 Page 438 Words

A Critical Evaluation of the Competition Laws on the Zambian Banking Sector

1.1 Introduction The liberal policies in 1991 under the Movement for Multiparty Democracy (MMD) provided a platform for a competitive economy for Zambia which runs on a market economy. This type of economy thrives on the principle of demand and supply with respect to the market. The market is a factor instrument in the determination inter alia prices of goods and services. If any country is to see socio-economic development, the concept of competition becomes a factor, and further the...
6 Pages 2768 Words

Enron Scandal: Analysis Of Principles of Accounting

Assignment Question: In spite of a robust accounting system, we have seen lapses, leading to many famous corporates collapsing overnight. With reference to the Enron scandal, point out the entire case leading to the scandal and subsequent laws passed by The US congress to deal with such failures. Attempt Count: 1 Introduction: Enron`s collapse was one of the biggest collapses in the U.S. History. It shocked billions and affected the lives of thousands across the nation. Enron was considered to...
3 Pages 1339 Words

Enron Scandal: Role Of Business Morals

I. Abstract: 'Enron is famous Corp. was yank energy, services co. in the US. It had been fashioned in 1985, as a merge gas- Hoston and Inter-North, each comparatively little regional firms. Enron FAILURE, published ``Oct 2001``, diode a bankruptcy.' Additionally, the biggest bankrúptcy organization yank upon point, because the huge fail Co. It discovered Enron's rumored status and, noted since because the Enron scandal. Enron has since become a widely known example of willful company fraud and corruption. The...
6 Pages 2984 Words

Enron Scandal: Inauthentic Leadership

One of the biggest American companies, Enron, fell bankrupt due to a major accounting scheme resulting in the loss of revenue, employee 401(k) plans, and loss of funds from the shareholders (Semple, 2002). Enron was a popular energy company that did business with many other companies needing their expertise and information. At the peak of Enron’s success, their shares were worth $90.75 before the fall of the company in December of 2001. Enron was considered one of the most popular,...
2 Pages 802 Words

How Alexander Hamilton Tackled The National Debt

During the 1780s and early 1790s, the American debt was super high, both state debts which total 21.5 million dollars, and the national debt was very high. You’re probably going to say 21.5 million dollars are really not that much money anymore. You are correct today but back then in the late 18th century that was enormous. Money was worth little. Remember under the Articles of Confederation, each state could print its own money its own currency, so there were...
3 Pages 1284 Words

Sustainable Equity In Learning And Education

Just as human beings cannot survive without water and food, so too do they need to develop the ability to communicate their desires to access the basic needs of life. Thus, language serves as an essential tool not only to get meaning across, but also to learn and acquire knowledge and skills. Formal education in various subject areas has made it possible for human being to acquire such knowledge to ensure survival and hence personal and social development. Education was...
8 Pages 3710 Words

Concept Of Equity And Its Principles

Introduction Equity is accepted as a wonderful creation of court of chancery which expects the perfection of the justice for all, surpassing the boundaries of Common law and it came to ensure the fairness in Common law system where justice delivered through rigid and inflexible series of actions. The concept of equity derived from of natural justice because it mainly encompassed unbiasedness and equal access to the tribunal and documents cited as evidence enshrining fairness, reasonableness and the very idea...
4 Pages 1820 Words

The Effect Of Corporate Philanthropy On Customer-Based Brand Equity

Introduction Over the recent decades, the issue of the benefits and risks associated with Corporate philanthropy (CP) has been an evolving topic on shareholders and the society as they have developed stronger expectations of firms behaving in a socially responsible way. Houqe at el (2016) purport that society’s perceptions play an important raw in contributing to firm’s success in the current business environment. In addition, society’s perception over a firm act as a stimulus for the organisation to grow its...
6 Pages 2550 Words

Investor Risk Tolerance Detection

Abstract Risk tolerance can be defined as the maximum amount of risk by investment that an individual is ready to take. In this paper, we explore the relationship between demographic features and risk tolerance pertaining to an individual using the KMeans Algorithm. We also propose a novel architecture using graph embeddings in Graph Convolutional Networks (GCNs) to contrast the use of demographics and try to predict an outcome based on previous investments. Introduction Risk Tolerance can be different for individuals...
5 Pages 2190 Words

History Of Money And Banking

Money is any item or verifiable record that is generally accepted as payment of goods and services and repayment of debt such as taxes, in a particular country Banking in the other hand is an industry that handles cash, credit and other financial transactions as it is defined in Wikipedia. This essay will help us understand the history of money and banking. Money has close relationship with banking because money is the basis of banking. All banks do operate on...
2 Pages 1033 Words

Banking: Private And Public Sector

What is Banking? Banking can be characterized as the business movement of tolerating and defending cash possessed by different people and elements, and afterward loaning out this cash so as to procure a benefit. Nonetheless, with the progression of time, the exercises secured by banking business have broadened and now different administrations are likewise offered by banks. The financial administrations nowadays incorporate issuance of charge and Visas, giving safe guardianship of significant things, storage spaces, and ATM administrations and online...
3 Pages 1340 Words

Equity And Trusts: Evolution And Development

Equity refers to right doing, good faith, honest and ethical dealings in transactions or relationships between individuals. The ordinary conception of equity is,therefore, based on morality and is linked to what is normally exhorted in churches, mosques and other religious establishments. It is also captured by objective XI of the National Objective and Directive Principles of State Policy contained in the Constitution of Uganda 1995 which enjoins Government to take steps to realise balance development of the diverse areas of...
5 Pages 2188 Words

The Operational Differences Between The Concept Of Banking In The Muslim World And The Western World

Introduction This study will try and identify the differences between the Islamic and conventional banking from earlier days as well as today. While looking at the differences the study will identify the advantages and disadvantages for both sides equally. It will also talk about finances for both banking systems. This study is going to look at all the sources available such as: books, journals, newspapers, previous studies and internet. What is Islamic banking? Islamic banking is a new way of...
6 Pages 2904 Words

Drawbacks Of Home Equity Loan

A home fairness advance is an advance in which the lender use of his land as a security. If the investor is unable to repay the advance then his land can be captivated therefore he is liable to return back the amount. The lands possess of low-interest rates. The home equity loans Ottawa determines the value of the home along with the balance that needs to be availed. This scheme operates in a way where if the home costs 2...
1 Page 582 Words

Digital Banking Practices In Business

Abstract Online Banking is one of the major financial activities which will be carried out by any person who has a bank account. There are different activities that can be carried out once you log in to your bank account. Once a user logs in he or she can check the bank balance, check bank account transaction history or account summary, add beneficiary accounts, transfer funds to another account, download account summary. When we deal with a banking system main...
2 Pages 1070 Words

Online Banking Security

INTRODUCTION Banks global are organization that providing online and mobile financial, offering their clients a greater handy way to their banking affairs at the same time as at the identical time enhancing efficiency and saving on working prices. However, online banking has its drawbacks. Online banking account are often aimed by way of cyber criminals. Security issues remain a first-rate situation for customers and corporations alike. As a result, banks want to implement security features to guard themselves and their...
5 Pages 2326 Words

Racial Equity And Racial Equality

Before I started writing this essay I was very confused on the difference. I did not know what to write about because I did not know the difference between racial equity and racial equality. After researching racial equity, I started gathering notes until I understood the difference. Racial equity is when a race gets help or resources to get them equal to the other races. This may differ depending on how good or bad people are doing in life. Some...
2 Pages 826 Words

Equity And Equality: Similarities And Differences

In this essay I am going to be explaining the difference between both equity and equality, and I will also say what both words mean. Equity and equality are very similar but very different from each other. Both words are very detailed and have very strong meanings from each other. These definitions could be very a like but it could mean something very different. Equity means that you are being very fair to your surroundings like your peers and others....
1 Page 507 Words
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