Wall Street Journal. We have both current 1982- present and historical 1889-1990 ... OR within ABI/Inform, click on publications, then search for Wall Street Journal ...
Discuss in general the ethical issues when employees are tempted to defraud their employer or when companies defraud the public. What sort of situations can lead to this behavior? What are the costs of fraudulent behavior?
ACC 201 Week 2 Assignment FASB Paper Go to the website of the Financial Accounting Standards Board, www.fasb.org. Write a paper, in at least 400 words, that describes the mission of FASB, how it is organized, how it functions, and who grants the authority of FASB to issue accounting standards. Also, research the most recent accounting issues that FASB is taking into consideration.
In recent months there have been many news stories in the press about executive compensation with stock options. This type of compensation occurs when an executive is granted the “option” to purchase the company’s stock at a certain price sometime in the future. The theory is if the executive is effective his management skills will lead to a higher stock price.
Read ATC 7-5 in Chapter 7. This situation is very similar to what a company called Enron did several years ago. Use the internet or the university library to research exactly what Enron did in their accounting procedures and what eventually happened to the company.
Read ATC 6-5 of Chapter 6 and answer part a. Additionally, given what you have learned about financial accounting so far, think of as many ways that you could “adjust” the financial records to make your company look better yet still follow GAAP and ethical guidelines. (Hint: think of the choices that can be used in the various accounting methods you have learned: i.e., inventory valuation methods.)
Read ATC 9-3 in Chapter 9 and post your analysis of Whirlpool’s acquisition of Maytag. Respond to at least two other students with critiques and challenges to their assertions by the end of Day 7.
• How many employees in how many departments? • Who heads these departments and who do they report to? • What kinds of decisions are made at the corporate headquarters and what kinds of decisions do they make at the dealership?