Project accounting

The Company AIG was a company that had risen to the top through unethical procedures and acts. The company became a big financial giant in the insurance industry and later added the subprime mortgages to its portfolio that increased its profits into the billions. The company cut corners by aggressively lobbying for laws and rulings that would go in their favor (Thorne, Ferrell, & Ferrell, 2011). They came under investigation by the SEC because they thought they were reporting profits wrong.…

(2) Human resource activities that MNCs must face on international assignment According to paragraph (1), there are so many differences between international human resource management and domestic human resource management. Comparing HR activities between IHRM and DHRM, there is very less in similarities and so many differences. Among these differences, we will discussing two HR activities (1) staffing and (2) compensation and benefits for highlighting HR activities only need for IHRM and not…

world. Enron portrayed to be a profitable and unshakable company. However it later came to light that the majority of Enron's earnings were largely made of paper profit. The masters behind this scheme were traders and executives who executed expert accounting skills. Enron could no longer hide its deep debt when information of their actions surfaced. They had no choice…

Overview Fraud has become common occurrence in business world. And organizations lose considerable chunk of their hard-earned revenue to fraud. Prevention and Detection are two methodologies to handle a white-collar crime like business fraud. Wisest approach towards any illegal and inappropriate activity is to prevent it from occurring in first place. Prevention is the most economical way of tackling fraud. Barriers to Fraud Prevention Fraud prevention is challenged by several barriers which…

In the case scenario, Mr. Wu is a 55 years old accountant. He had sudden onset of left sided weakness and drooling. So he was admitted to the Accident & Emergency Department. After CT brain scan, Mr. Wu was found suffering from right middle cerebral artery ischaemic infarct. He was then transferred to the stroke unit for further management. Several health needs are identified after conducting health assessment to Mr. Wu. Left-side weakness and urinary incontinence are selected for…

According to Williamson, “A transaction occurs when a good or service is transferred across a technologically separable interface. One stage of activity terminates and another begins.” Transaction costs appear whenever there is “friction” at the point of interface. In other words, Transaction Cost Economics focuses on the organization of transactions that occur whenever a good or service is transferred from a provider to a user across a technologically separable interface. When transactions…

research draws attention to two uncertain events, Mr. George Lassiter faced. Firstly Mr. Lassiter has no idea in the number of people attending the concert and secondly about the percentage of attendees who would buy his shirts. George Lassiter is a project engineer for a major defense contractor and also an entrepreneur who manufactures and designs special events T-shirts. He has owned this lucrative T-shirt business for six years and designed T-shirts for “special events” such as rock…

The company I have chosen to write my case analysis on is the Hostess Brands. Hostess Brands is known for its iconic baked goods like Twinkies and Wonder Bread. In 2012, Hostess Brands sought bankruptcy in Federal Court due to labor issues and company costs. Hostess’ long history and product brand was coming to an end, due to hard choices the company had to make and the demands of the union. It was a situation that brought about the collapse of a long-standing company amidst the protests of…

contributions. They also eliminated dividends on preferred and common stock leaving the stock outstanding and continued payment on the debt instruments (Oesterle 2011). Finally in 2012, the U.S District Court dismissed the charges against the three Fannie Mae top officials ruling that there was no evidence to suggest that they intended to deceive anyone (Fiderer 2014). Effects and consequences According to Woiceshyn 2011, making an ethical or unethical decision is not a serious issue for…

For employee fraud case study, I chose the Nathan John Mueller’s embezzlement scandal. As an accounting manager of ING Reinsurance Corporation (a major financial service company) in Minnesota, Mueller stole almost 8.5 million dollars from the company from 2003 to 2007 (“Mueller Gets 8 years for $8.5 million ING Fraud”). The way he orchestrated the fraud was surprisingly rather simple. Mueller accidentally found out that ING gave him and another co-worker the authorization to request and approve…