Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Corporate Accounting and Auditing Mistakes (FIN101)
https://www.scirp.org/pdf/OJAcct 2017111715153275.pdf
The article’s main points are as follows:
The consequences of false financial information are enormous. MMG (Mohammad Al Mojil Group) stock was launched on the Saudi stock market for 20 dollars and is now 30 cents, while Etihad Etisalat, also known as (Mobily), was nearly 20 dollars in 2012 and is now nearly 5.3 dollars on January 12, 2017. Managers will occasionally strive to gain the most profit by providing incorrect information about a company’s financial performance and financial status.
Recent scandals have raised questions about how corporate governance principles are applied and if accounting is a tool for decision-making that benefits investors or a tool for promoting managerial greed by presenting misleading financial data. Users of financial information may be influenced by fraudulent financial information to make poor financial judgments.
Employees’ employment, retirement money, and share values were all destroyed as a result of Enron’s misdeeds. Ben Glisan, the former Treasurer, pled guilty to criminal conspiracy and was sentenced to prison as a result (Enron, 2006). Mr. Fastow, the CFO, also pleaded guilty to “fraud, money laundering, and conspiracy,” for which he was sentenced to ten years in prison and ordered to pay $24 million in restitution. Kenneth Lay, the former CEO of Enron, and about twenty other Enron employees have been charged with felonies.
Financial scandals in corporations have a detrimental impact on the value of companies that commit fraud.
3 marks for each question
Strengthening corporate governance, as well as imposing greater restrictions on management, can aid in recovering shareholder confidence, writes the author.
a. Do you agree with the above statement as a manager? Why?
b. Why is ethics a good topic for corporate finance students to study?
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Corporate Accounting and Auditing Mistakes |
Corporate Accounting and Auditing Mistakes