This paper explores the ethics of accounting and why ethical behavior in accounting professions is important to different stakeholders in business. An accounting scandal will be examined for unethical behavior. New regulations and reforms that have been introduced to help combat unethical behavior will also surveyed. In closing this paper will consider the biblical implications of accounting. Ethics in Accounting Importance of The Accounting Profession Accounting is important in business so that
The first scene I am going to analyse shows one of Stratton Oakmont’s typical and excessive Office Parties, which are looking more like huge orgies, than a lunch break at a multi-million dollar company. The scene begins with a chapel playing march music and continues with a dozen prostitutes running towards each other. Simultaneously an edited version of the song “Smokestack Lightning”
tax reports. It has a unique characteristic which includes the public interest. Whilst acting in the public interest, a professional accountant has certain rules or code to act in accordance with. Ethical behavior is inherent in the practice of accounting due to responsibilities the profession has toward serving clients, the public and fellow practitioners. This ethical behavior is reflected in the code of conduct in diverse accountancy professional organizations. Hence, ethical behaviour is likely
The paper “Conservatism in Accounting Part 1: Explanation and Implications” is the first part of a two part series written by Ross L. Watts, where it seeks to examine conservatism in accounting. Part I of Watts’ paper “examines alternative explanations for conservatism in accounting and their implications for accounting regulators” (Watts 2003). Watts defines conservatism as “the differential verifiability required for recognition of profits and losses”. The conservatism adage: “anticipate no profit
1. Briefly compare and contrast job costing with process costing. Provide an example of process costing. Because job order costing, in accounting as we know it, uses a method where the costs are "gathered by job or order."(Walther, 2017), and thereby meaning that costs are accumulated per job. Companies that use job order costing would be firms that have a variety of different products or services (e.g. specialized services, custom orders, etc.); one example of such a company would be that of music
fraud. In the work “Financial Shenanigans”, Enron is given the “As Bad as It Gets” award for Most Imaginative Fabrication of Revenue. Enron purposely misstated its revenue to look richer than it was. Enron became synonymous with the term massive accounting fraud in the fall of 2001 with its collapse and bankruptcy. Enron ranked number seven in Fortune magazine’s list of the 500 largest companies in 2000, having in just five short years miraculously increased its revenue by 10, from $9.2 billion in
New Century, Critical Criminology, Pg 117, Para 2). First of two another notable cases was WorldCom, which topped over 11 billion dollars resulting in the company to file for bankruptcy in July 2002, the scandal is now referred to as the biggest accounting scam ever. The second case was Global Crossings, which was accused of falsifying financial reports to hide their losses. The founder, Gary Winnick was not prosecuted for company indiscretions for causing Public Employees Retirement System of Ohio
I have always enjoyed reading and writing, however, writing, never came so naturally for me. It has been ten years since my last English, or writing class. The extent of my writing today is limited to emails between co-workers, or simply texting on my cellphone. In the military you are trained to get straight to the point. Stop and think before you speak, and when it comes to writing, whether memos or emails, the same applies but the goal is to get to the point to obtain a quick straight forward
We recently wrapped up reading Ray Bradbury 's novel Fahrenheit 451, and looking back I can honestly say that although we are now done with the book, it is no way done with me. The topics and warnings discussed in this book are innumerable - it holds messages involving speed, technology, materialism, truth, knowledge, the importance of people, of literature, and how we can be surrounded by people and still be isolated. All of these are valuable things to reflect on, and if you are curious I highly
Writing stories is an art. To be a successful story writer, one needs to be creative minded. But only being a creative minded person does not make you a perfect story writer. For this, you must learn the art of writing, which includes the selection of topic, selection of characters and most importantly environment or more precisely, the place where your story is going to happen and so on. How To Write A Horror Story With A Twist Writing a horror story is even a trickier game that needs some extra
One of the important thing that I do here in the class of UNIV 1301 is that now I am writing more essays, more feelings, and more importantly more opinions. This class gave me the chance to write whatever I got from the three different articles. Most of the articles that I read where interested because they talk mostly about how the school system are working, one reader do not agree in how the student are being teach and another writer is talking about how the student need to have their mind and
Dear future student of Dr. Papadopoulos’s EN101 course, it is my utmost pleasure to be writing this letter to you in order to better prepare you for this English course. College Composition helps you better understand how to truly write an essay, and the many “ingredients” it takes to put all together and form one. This skill will not only help you succeed in English courses to come, but it will help you form better essays throughout your college career. I will be explaining the process of creating
The question of what exactly is literature comes up every time something is written or read. This question forms many of the English classes that students take all around the world, and this question dominates the literary community. So what exactly is literature and why is it so important? Literature is non-factual, with sensuous language, about particular people or events that have significance. Literature is often figurative and appeals to the emotions. During the early colonial times of America
Towards becoming a writer -------------------------------- I promised myself that I will learn a new skill this year. I resolve to learn how to write with purpose. My mission is to figure out how to express myself with conviction. I refuse to write limp sentences but instead I will write sentences that pack a punch. I find other people’s writing impressive. I want to write impressively as well. Most of all, I want to write sentences that make me proud to have penned them. Nowadays every one is a
Everything I never told you Before I talk about the serious things happened in this story, I must tell that “Everything I Never Told You” is one of the best novel which I road since 2016. There are a lot of descriptions in the stories, and those descriptions are really detail and exquisite. I enjoy reading this book so much. The most favorite sentence for me is “Morning sun fills the house, creamy as lemon chiffon, lighting the insides of cupboards and empty closets and clean, bare floor.” From
“I knew I was going to be a writer.” This is what S.E. Hinton, author of The Outsiders, said in here Dear Readers page. She is meant to be a writer. In this classic story, greasers fight in a verbal and physical war with the Socs. What makes this book a classic, is that it uses many techniques to give more information to the reader, to make the story more compelling. S. E. Hinton uses multiple writing techniques such as symbolism, emotion in dialogue, and flashbacks. Symbolism is one of the key
Who you grow up to be, inspires what you will achieve. Margaret Atwood was very different from kids her age, she loved to write and explore the world rather than play with dolls. Her knowledge as she grew up helped her become a wise and profound writer. The way she lived and who she became because of how different her life was from other children’s made her want to achieve the most. Nature was one major thing that changed her life in a good way. Margaret Atwood 's family being involved in nature
The usage of the right type of language is extremely crucial while writing. If used correctly, it sets the mood of the storyline, it causes readers to get lost in the pages of the writing. Language is an extremely powerful weapon authors use to get into a reader’s mind. Like so, Yann Martel, the author of “Life of Pi” uses a beautiful form of language to tell us about Pi’s journey to survive alongside a Bengali tiger in the Pacific Ocean. The theme of this story is that Man’s inner evil, although
Today, I will be presenting a character as a candidate for an award. I’ve been studying this character ever since I first read this novel. The character I greatly admire every time I read this book. I read this novel over and over, just to study this character. My character, Jay Gatsby appears in F. Scott Fitzgerald’s historical fiction novel, The Great Gatsby. I believe, Mr. Gatsby should win the award for “The Most Determined Person.” By determined, I mean he is steadfast in achieving a goal despite
“Everyday Use” by Alice Walker Literary genius is a term thrown around often in this day and time. Many might say that the literary world has been diluted. However, if there is one who deserves that title, it is Alice Walker. It is especially so for her piece, ‘Everyday Use’. The short story was first published in 1973 as part of the author’s short story compilation. The collection was aptly named ‘In love and trouble’. The Pulitzer Prize winner uses the book to interrogate how black women deal