Key Pieces of Term Paper Writing Service

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Enron scandal Example

Essays on Enron scandal Article 1) What kind of industry was Enron in? Enron was a public corporation in the energy industry. 2) What did Enron do wrong? The Enron scandal involved an accounting fraudulent scheme in which the company was cooking up the books. 3) When did Enron file for bankruptcy? Enron filed for bankruptcy on December 2, 2001 (History). 4) List the names of the Enron employees that went on trial for the accounting fraud: CEO, COO, CFO, and Treasurer. The names of the top four executives of the company are: CEO – Kenneth Lay COO – Jeffrey Skilling CFO – Andy Fastow Treasurer – Ben Glisan 5) Who was the Public Accounting firm performing the annual financial statement audit for Enron? The public accounting firm that audited the Enron financial statements was Arthur Anderson. 6) What did the Accounting Firm do wrong? Arthur Anderson colluded with the executive management team of Enron to hide the fact the company was cooking up the accounting books. 7) What other popular accounting scandal was the Accounting Firm involved with? The accounting firm was found guilty of faulty audits of other companies including WorldCom, Sunbeam, and Waste Management. 8) Is the Accounting Firm still in existence? Arthur Anderson is no longer in business. 9) What congressional act was the result of the Enron and WorldCom scandal? In the aftermath of the Enron scandal the Sarbanes-Oxley Act was passed in 2002. 10) What would you do have done differently if you were the Accounting firm? If I was Arthur Anderson I would have revealed to the SEC the wrongdoings of Enron. The Enron debacle was one of the biggest accounting scandals in the 21st century. The bankruptcy the company filed on December 2, 2001 represented the largest bankruptcy in Unites States history. The executive management team of the company cooked up the accounting books of the company in order to receive multi-million dollar bonuses. A year before the company revealed the truth about its true finances the Enron common stocks were valued at over $90 a share. A year later the company’s common stock became a penny stock. The deception and fraud the company was able to achieve was incredible considering the fact that during the late 1990’s Enron was named the most innovative company by the Fortune Magazine for five consecutive years. Two of the key accounting practices that the company used to defraud the public was market to market accounting and off balance sheet liabilities. The market to market accounting practice allowed the company to estimate future earnings. The managers and accountants of the company inflated earnings astronomically. In 2000 the company recognized over a billion dollars in earnings when in reality the company did not make any money. The executive management team of the company colluded with its auditors, Arthur Anderson, to hide the true accounting position of the company for years. The revelation of the Enron scandal scared a lot of investors. As a consequence the U.S. Congress passed the Sarbanes-Oxley Act of 2002 in order to raise investor confidence in the financial markets. Thousands of investors lost millions of dollars including the employees of Enron which had a pension plan that was funded solely on the value of Enron stocks. Work Cited Page History.com. 2012. â€Å"Enron files for bankruptcy.† 21 February 2012. http://www.history.com/this-day-in-history/enron-files-for-bankruptcy

The Advantages and Disadvantages of Surfing the Internet free essay sample

The media is revolutionary. In less than a century, it conquered our Planet successfully, never reaching a peak, always improving for the better, making the rise of its â€Å"empire† a scandal. The internet is a medium that has changed our lives ever since it was invented. Just like its predecessors, it wasn’t warmly welcomed by everyone despite its ever-growing base but this little 40-year-old media â€Å"reinvention† will never stop shocking us so what are really the advantages and disadvantages of surfing the Internet? To browse the internet, all you need is a computer, an affordable machine that is now in almost every single house, and some money to subscribe monthly for the connection’s service; also affordable. It would be really unfair and simply wrong to describe what the internet offers but the words â€Å"everything† and â€Å"anything† might be enough as the net’s content is more than diverse so if you need to know anything about something, just â€Å"google† it! Google is a verb now; it means â€Å"search it on Google†, a domain motor that offers you help when you’re looking for something on the web. We will write a custom essay sample on The Advantages and Disadvantages of Surfing the Internet or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Internet is perfect for research; when a student is asked to prepare an assignment, a project, etc., it’s very helpful but parents need to be aware of that and not everything written on a website can be 100% true. Also, the internet can be fun thanks to websites such as YouTube, Flickr, etc., you can tune in to watch any videos or view any photo! Plus, social media is what made a star out of the net because it helps people connect wherever they are! However, social media like Facebook and Twitter kill the person’s privacy and a lot of people can have access on what they are doing but then again, wasn’t it their decision in the first place, to get on Facebook or start Twitter-ing? Therefore, parents need to limit their children’s surfing time and censure some rated R websites because Internet can become an addiction and offer inappropriate stuff. Already 40 but still a teenager, the internet, rebellious, shocking, not so typical and ever-changing, offers you everything you need even if inappropriate at times so it’s your choice to have access to it or not.

what i think about psychology Essays - Freudian Psychology

Psychology is one of my favorite courses that I am taking this semester. Before taking this course, I thought it was a course designed to teach people how to deal with patients with mental health issues. Needless to say I now know better. Chapter one was the most significant to me because it shed a whole new light into what I thought was Human Growth and Development. After each class, I see the reality of what I have just learned in class. Most of the chapters we studied were very interesting to me. Each of these chapters carried strange and different information that stimulated my thoughts about the future, past, and even what is taking place in my life right at the time I was learning. It was a reflection of all the biological, physical, cognitive, socio-cultural processes that have taken place in my life time and of which some, of the characteristics will stop, change, and fluctuate as I get older. The one thing that I would do to improve the way this course is taught is to go on class field trips to a mental ward at the hospital. The thing that I think would improve student interaction in this course is to have group class projects. The principle that I learned in this course I plan to apply is to try reading people situations and mental capacities a little better. Because at my job I encounter a lot of personalities and people with a lot of mental illness. The major that I pursuing is Computer Information System at Calhoun Community College. This course will help me in my computer field to adapt to a lot of stressful situations that I might encounter on the job. If I was a clinical psychologist in China I would have to understand that it might be against their religion to diagnosis a patient it might cause a family to become outcast in the city. So I wouldn?t do anything to cause a family grief or hardship while I?m treating their family member. Although I enjoyed all the chapters we have studied so far, chapter one is the chapter I will like to appreciate. In this chapter, I will throw more light on the Freudian stages of development. According to Freud, people develop through five psychosexual stages in which the focus of pleasure changes. These stages are Oral stage, anal stage, phallic stage, latency stage, and the genital stage respectively. Each of these stages has a unique region of the body that children focus on the mouth, anal stage; child pleasure focuses on the anus, phallic stage; child?s pleasure depends on the genital, just to state a few. This is very appealing to me because I have seen the truth of this statement to some extent in my two sons. Despite the fact this theory has been revised by a number of psychoanalytic theorists that came out with an analogy which state that Freud place more emphasis on sexual instinct without regarding cultural experience of an individual development. I still notice some pieces of truth in his theory in my sons. In conclusion, I am proud to say that this course has been more than a lot learning experience for me. It stimulated a new way of thinking in me and made me aware of my lack of intuitive and abstract thinking about the world and its inhabitants. At first it was difficult for me to understand why certain behaviors, characteristics are peculiar to a certain age group, degrees in sight, hearing in adulthood but with this course I have come to learn and appreciate these differences. It has provided me with information that will help me interpret and analyze situations that will come along in my life in a more reasonable manner than before. I really liked this class. I am still amazed and surprised at how relaxed and enjoyable and enriching the class has been for me.