quora
Nobody downloaded yet

Accounting fraud - Coursework Example

Comments (0) Cite this document
Summary
The case of Enron helped me understand the intricate delicacies that revolve around the sole aspect of business. Independent Audit forms an important component of the lessons that I have…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.9% of users find it useful
Accounting fraud
Read TextPreview

Extract of sample
"Accounting fraud"

Download file to see previous pages The aspect of Fair Value Accounting is being used differently all over the world but it was wrongly used in Enron because it was not being checked upon by the relevant authorities. It becomes necessary for the regulation bodies to keep a check upon any such activity that is being carried out by the different companies. All these examples will help me in avoiding these issues while pursuing my career so that these kinds of fraudulent activities are completely eradicated from the society.
In my view accounting fraud is related to any act that conceals the facts relating to the finances of the company. This concealment of facts can lead the potential buyers to be interested in the company and hence the shares of the company. Another example of accounting fraud can be taken in the case of companies who deliberately delay their financial bookings to an appropriate time in the future where they may balance out the profits. This specifically means that the company would cross out the transactions that are decreasing their total worth. This transaction can later on be put to the journals when the company has enough to overshadow the losses. This can help the company to gain shares and increase their market value as Enron was able to do and achieve higher profits than they actually deserved. In other words this practice can co-relate to the accounting frauds that can easily take place in the absence of the regulatory bodies.
I believe that the companies can take different measures to avoid fraudulent activities that are being conducted. This revolves around the hierarchy of the company and the management is primarily responsible for any type of fraudulent activity that is taking place in the company. The managers should be held responsible for any omission or suppression of the transactions in the journals. This way the managers would be careful when handling their employees ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Accounting fraud Coursework Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/finance-accounting/1672670-accounting-fraud
(Accounting Fraud Coursework Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/finance-accounting/1672670-accounting-fraud.
“Accounting Fraud Coursework Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/finance-accounting/1672670-accounting-fraud.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The Changing Interaction of Finance, Information and Technology
The act was designed mainly on account of several giant corporate firms losing billions of investor’s money by cooking up fake financial transactions. The Sarbanes Oxley Act has a greater impact on the IT department because, the storage of data, its monitoring is all concerned with the IT department.
4 Pages(1000 words)Coursework
Accounting information systems
1. The supervisor of the receiving department was the owner and operator of a small boutique carrying many of the same labels as he chain store. The chain stores general manager was unaware of the ownership interest. Ans. Indicator of fraud, or likely to lead to
5 Pages(1250 words)Coursework
Business Financial Crime
As a result it becomes difficult for the investors to choose the right investment which would provide them with maximum returns and their cause are
10 Pages(2500 words)Coursework
Planning the Audit
In addition, the paper also investigates the potential implications of these risks for accounting firms and how they have prompted auditor sensitivity to strategic risk of fraud. According to the author, this is
2 Pages(500 words)Coursework
Fair value accounting
Under this kind of accounting method, corporations are liable to report loss in their balance sheets when fair of liabilities increases and that of assets decreases. Inclusion of such losses results
10 Pages(2500 words)Coursework
Week 3
the board if they can prove that it is not working in the interest of the shareholders and also this increases the independence of the board members. This Act was the government intervention after corporate scandals like WorldCom and Enron and touches on ethical issues such as
5 Pages(1250 words)Coursework
Finance accounting solution
Also, the goods sold must match the descriptions given and be of satisfactory quality. If this is not so, the customer has the right to return the goods. Hence, the actions of the student are inappropriate, and they display her dishonesty. If the suits met the student’s
1 Pages(250 words)Coursework
Accounting Disclosures In Context Of Corporate Governance
The industrial revolution played a great role in the evolution of accounting in the business world. People were more interested in engaging in good business practices evidenced this. Hence, there was a need to separate between the owners and managers of businesses. Its main aim was to safeguard the interests of the shareholders.
3 Pages(750 words)Coursework
Corporate Governance
An attractive theme of corporate governance is its mechanisms that try to avoid the principal-agent problem. In recent years, especially after the collapse of American corporate giants like Enron, WorldCom, and Parmalat, organisations have been vehemently working to improve their corporate governance.
6 Pages(1500 words)Coursework
An Organizational Ethical Dilemma
They reported that the company had a higher revenue than it actually had and at the same time funneled this extra money into their own private accounts (Kercheval, 2002). Grass was also accused of “authorizing guaranteed corporate loans… altering and backdating documents…” and “withholding lucrative compensation awards from proxy statements” (Kercheval, 2002).
3 Pages(750 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Coursework on topic Accounting fraud for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us