Bigger Than Enron - 751 Words

Lobbing of commercial and political interests in the establishing of the standards is a fact, which leads to believe that there might be large groups of the financial information users, who are interested in the particular way of reporting. If it is beneficial to them and to the market without compromising any ethical issues related to the financial reporting, if the market gains from such interests, than the standards should be formed under such influence. The question is who is going to decide if there are benefits. I guess, this is the area where the real politic starts. At this level of decision making, I think there should be people free of any political or economic pressure. However, more often commercial and political interests do†¦show more content†¦In the Enron case, The Securities and Exchange Commission (SEC) and Congress conducted an investigation into Enrons collapse. The authorities re-examined the roles of corporate watchdogs, including corporate boards of di rectors, auditors, investment banks, credit rating agencies and lawyers. It could be that the watchdogs had too tight relations with the companys executives. That is why no one questioned the Enrons aggressive accounting strategies. To prevent such collapses, someone needs to look into the possible conflict of interest. The dilemma is that auditors should perform in the interests of the investors, but they are paid by the audited company, which makes it more difficult for them to exercise tough decisions. The auditors should not perform some particular consulting services for the firms that they audit. Another belief is that there should be more severe consequences for those committing financial crimes and causing fall of the companies. Accountants should always carry out the public responsibility, meaning they have a responsibility to ensure that the accounting functions are performed to the highest possible standards and the information which an organisation provides for its stakeholders is true and accurate. To reach the goal of improving the performance of accountants, there might be several steps to undertake. There should be on-going education to keep abreast with the existing and emergingShow MoreRelatedEnron Scandal1477 Words   |  6 Pagesï » ¿Current issue: Scandals in auditing Enron Scandal 1. Introduction Accounting scandals are political or business scandals which arise with the disclosure of financial misdeeds by trusted executives of corporations or governments. These days, not too often, these scandals are splashed as headlines across media. Why? Because there are complex groups of stakeholders who might be seriously affected by the scandals. Enron scam was the most remarkable scandal in 20 centuries by their institutionalizedRead MoreWhy Enron Collapsed?1143 Words   |  5 PagesWhat are the reasons why Enron collapsed? * Investments Enron dealt in energy. According to Infinite Energy, the first and main cause of Enrons collapse was failed investments. Enron invested money in fiber-optic networks, a power plant in India and water distribution in the United Kingdom, to name a few. While a company the size of Enron could afford occasional losses, the mounting, failed investments added up and created a plethora of debt. * Hidden Losses Infinite Energy states thatRead MoreCorporate Culture Of Enron And Bankruptcy1327 Words   |  6 PagesIntroduction The case study is about Enron and about their biggest failure that lead the company towards bankruptcy. Enron got bankrupt to the extent that was no point of returning back and reversing its wrong doings. The only thing that the company had to think about was how to return the losses of its creditors. Enron Corp. was left with $12 billion in assets which was to be distributed among more than 20,000 creditors. Around 80% of creditors of Enron backed the long-awaited reorganization planRead MoreThe Sarbanes Oxley Act Of 20021525 Words   |  7 Pagesat which the Enron Corporation filed for bankruptcy in December 2001, and the accounting firm of Arthur Andersen was sentenced impediment of equity for its activities in shredding Enron-related reports. In 2001, questionable accounting practices bordering fraud surfaced at the Enron Corp and its accounting company Arthur Andersen. Because of these sketchy practices Enron documented an extensive liquidation case and its share costs diminis hed from $90 an offer to minor pennies. Enron Corp bookkeepingRead MoreEnron Case1075 Words   |  5 PagesMINI CASE: THE FILURE OF CORPORATE GOVERNANCE AT ENRON 1.Which parts of the corporate governance system, internal and external, do you believe failed Enron the most? In the evaluation of the Enron’s case; by trying to see the very big picture, it is not only about that the internal part of the corporate governance system was failed or but also the external part of the corporate governance system was also failed. As noted on the last paragraph of the mini case, many people from different positionsRead MoreEnron : A Model Of The Innovative Company1684 Words   |  7 PagesEnron Enron began in July 1985, and its headquarters were in Houston. It started from a small regional energy supplier. However, Enron was dissatisfied with the traditional way of doing business, so it began to look toward energy security. Enron s management believed that the creation of derivative securities market for any commodity was possible, so Enron developed energy commodity futures, options, and other financial derivatives. Energy deregulation brought this company great commercial opportunitiesRead MoreCompany Into The Water Industry1432 Words   |  6 PagesShe decided to venture into the water industry with the existing expertise of natural gas that Enron had already acquired. She started the Wessex Water Co. which was headquartered in Bath, England. Enron purchased Wessex in July 1998 for a price slightly under $3 billion. The venture into the water industry was a good idea as water treatment requires a good deal of energy which was one of Enron’s specialties. Moreover the water industry was a regulated utility and the possibility of a deregulationRead MoreEnron Smartest Guys On The Room1573 Words   |  7 PagesThe movie ENRON smartest guys in the room is about one of the biggest corporation corruptions in the United States. In 1985, ENRON Corporation, was a company that delivers pipeline for natural gas and electricity, while mergering with Houston Natural Gas and Internorth. ENRON quickly grew into a reputable company that generated enormous profits. In a short period of time ENRON was considered one of the top global trading company for natural gas, commodities, and electricity. According to the statistic;Read MoreThe Downfall of Enron1573 Words   |  6 Pagesï » ¿Enron: The fallout from the accounting scandal Determine the primary factors that contributed to the downfall of Enrons financial practices Corporate managers are expected to maximize investor returns while complying with regulatory standards, avoiding principal-agent conflicts of interest, and enhancing the reputational capital of their firms (Patrick Shearer 2002). Before its demise, the energy company Enron was envied for its burgeoning balance sheets. However, gradually it emerged thatRead MoreModern White Collar Crime : A Modern Or Postmodern Crime1079 Words   |  5 PagesSociety has made many individuals question Enron scandal in regards to what is a modern or postmodern crime. Modern white collar crime focuses primarily on agriculture, productive activity, hand-tool technology, and farming villages as a community or family unit. While, postmodern white collar crime deals with more advanced technology such as computers, virtual communities, television/computer link-ups, and telephone communication. Overall, those who seek a career in criminology must navigate terminology

Emerging Technologies and Architecture - 4011 Words

Running Head: Technologies and Architecture EMERGING TECHNOLOGIES AND ARCHITECTURE STUDENT NAME: PROJECT NAME: COURSE NUMBER: COURSE NAME DATE: OS Processor and Core 3 Hypotheses 3 The null hypothesis for this study / research is: 3 This is tested against the alternative hypothesis; 4 A summary of current operating system in use 4 Benefits of up grading an Operating system utilizing a multi-processor, multi-core configuration 4 Up grading the processor and core 5 Requirements supported for the upgrade processor and core 5 Conclusion 5 The null hypothesis 5 Scheduling Algorithms 5 First-Come, First-Served Scheduling 6 Benefits and Challenges Presented by FIFO 6 Round robin scheduling 7 Benefits and†¦show more content†¦Secondly, if need be you will have to upgrade the processor core VRMs. The third step is to upgrade the system BIOS and BMC firmware. The next step after up grading the BIOS and BMC firmware involves upgrading the operating system to add support for multi-core processors. Lastly, install the new processors. Requirements supported for the upgrade processor and core The requirements supported for the upgrade are one; compatibility test must clearly justify that the operating system supports the processor and core being up graded. Also, the hardware part must be in line to support the upgrade. Other components will also be upgraded to balance the process i.e. VRMs, BIOS and the BMC firmware. Conclusion The null hypothesis HO: As a result of the upgrading the multi- processor, multi-core Operating system, there will either be no significant difference in supporting distributed / virtual environment or there will be a significant increase. The null hypothesis is true. Scheduling Algorithms The environment I am currently using is a non-virtual environment. It is a laptop Compaq brand, 3.1GHz, 3 GB DDR and 300 GB HDD. It has one operating system installed i.e. Windows XP. The operating system is the single-processor and single-core Operating System. This operating system supports a single-core processor. The single-core processor has only one execution core i.e. itShow MoreRelatedFi-Wi Technology1692 Words   |  7 PagesFi-Wi TECHNOLOGY (Fiber Wireless Network Architecture) Gande Kiran Kumar, IT Department, MallaReddy Inst of Eng Tech(MRIET) , Maisammaguda, Secunderabad. kirangande92@gmail.com 8099225308. ,Gajula Vijay Kumar , IT Department, MallaReddy Inst of Eng Tech(MRIET) Maisammaguda, Secunderabad Shivavijay06@gmail.com 8125746522. Abstract— The ultimate goal of Fiber Wireless (FI-WI) networks is to convergence of various optical and wireless technologies under a single infrastructureRead MoreCloud Architecture Personal Statement Examples1095 Words   |  5 Pagesall architectures including but not limited to: cloud architecture, systems architecture, service-oriented architecture, application architecture, web-based solutions, data architecture and security architecture. I possess extensive experience and skill in developing and implementing mobile solutions, big data, business intelligence and e-commerce. I have the ability, knowledge and skill to understanding and implement future trends and the ability to drive innovation justifying technology investmentsRead MoreWork Experience Essay921 Words   |  4 Pagesother opportunities) AccuPrep Consulting - Remote, United States Positioning organizations to leverage market disruptions and maintain their competitive advantage by adopting a business-outcome-driven EA approach that strategically embraces emerging technologies. In consistently navigating successful engagements, demonstrated the following core competencies: †¢ Accountability – In clearly defining realistic expectations, taking appropriate actions to ensure goals are met or exceeded. †¢ AdaptabilityRead MoreModernism Movement : High And Low Modernism1277 Words   |  6 PagesIn this melting pot of diverse cultures, various forms of art and design had been constituted by the influences of the preceding movements, revolutions, eras and a variety of history events. Human technologies and industrializations are one of the key factors that pushed the society one step forward to every new milestone. However, how did the historic background and social circumstances provoke the artists and designers with inspirations of new ideas and philosophy towards art and design? How didRead MoreEssay On Emerging Technologies866 Words   |  4 Pages Emerging Technologies and Architectures The 3 emerging technologies that come to mind, and have a big potential of positively impacting the requirements of Vital Blue Company are Cloud Computing, Grid Computing, and Mobile Computing. The areas of probable impact as identified by the company are Enterprise Resource Planning (ERP), Geographic Information Systems (GIS), Data Warehousing, and Productivity Applications, which are applications for office use like Microsoft Office and Open Office. CloudRead MoreConcept Of Enterprise Architecture ( Ea )960 Words   |  4 PagesThis article shows you a review about the concept of enterprise architecture (EA), and its importance of being integrated within the modern organizations in order to improve and proper document the organizations’ process. Organizations function in an operational environment that is enough complex, governed and globalized, as well as the need to maintain high levels of competitiveness. In addition, companies must manage the complexity of its information systems; they should keep active updated systemsRead MoreComputer Architecture : The Terminal Server Architecture947 Words   |  4 PagesThe first famous business applications architecture that was used in the 1950s until 1990 was the terminal server architecture. Mainframe architecture: At the beginning of the application architecture world, we had mainframes that executed all the applications logic in a centralized manner and the mini computers as terminals that just displayed the applications screens to the users and captured user’s inputs. The main advantage of this architecture was that deployment was easy to perform. The mainRead MoreEnterprise Architecture, Questions and Answer 1754 Words   |  7 Pagesissues in the practice of Enterprise Architecture. Enterprise Architecture continues to grow and expand with the growth and widespread integration of enterprise systems. With this progress there are consistently new problems which arise regarding Enterprise Architecture and its applications. Three of the major current issues which are faced by majority of Enterprise Architects are that Architects have no control over organisational changes, Enterprise Architecture is enormously time consuming, andRead MoreBusiness Strategy Towards Global Education1234 Words   |  5 Pagesapproximately forty thousand employees with one-third located in emerging markets (SEC, 2015). The company officially shifted the corporate strategy towards global education and by streamlining technology in 2013 (Radjou Pradhu, 2013; Pearson, n.d.a). 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Renaissance Causes Effects Essay Example For Students

Renaissance Causes Effects Essay Renaissance Causes Effects The Renaissance or otherwise known as the Rebirth was the mark of a new era of a way of life. It had taken place from the 14th to 16th centuries (or from 1350 AD to 1 550 AD) and was a phase of changes which were more evident in culture and not a political event. The Renaissance had many causes from events occurring around Medieval Europe and in other parts of the world such as the Middle East and Asia. Some of those causes would be the Crusades, the Decline of Feudalism, the Rise of he Mongol Empire, and the Roles of Rulers, Nobles, Popes, and the Middle Class but the two most important causes are the Crusades and the Decline of Feudalism. During the Crusades, Crusaders brought in new thoughts and beliefs, which replaced the old thoughts and beliefs of other well known groups. They had also brought in new ideas and materials from other people in the Middle East such as scientific books of Aristotle, the Arabic numerals, mariners compass, and paper. These were all brought into Europe and helped the hold of Christianity which was the starting point of the Renaissance. When it came to the Renaissance flourishing, it was only able to flourish because of the decline of Feudalism. The decline of Feudalism was when the middle class started to show support to the king. This started the promotion of the Renaissance which had then started the decline. Although it had many causes the Renaissance had many effects to it as well. There were three types of effects; social effects, economic effects and political effects. Some social effects of the Renaissance were manners and etiquette, the development of literature and fine arts, and scientific inventions and discoveries. Economic effects were the development of trade and commerce and Colonialism. Lastly the political effects were the rise of strong monarchies and a change in warfare. All these effects of the Renaissance play their own part in their own category they were placed under.

Quasars Essays (1876 words) - Radio Astronomy, Physical Cosmology

Quasars Since their discovery, the nature of quasars has been one of the most intriguing and baffling problems as evidenced by the following quotations: the problem of understanding quasi-stellar objects? is one of the most important and fascinating tasks in all physics - G.Burbidge and Hoyle. The quasar continues to rank both as one of the most baffling objects in the universe and one most capable of inspiring heated argument - Morrison. The redshift problem is one of the most critical problems in astronomy today - G. Burbidge. Quasars still remain the profoundest mystery in the heavens - Hazard and Mitton. The conventional interpretation of the spectral lines observed in quasars is based on the redshift hypothesis. Three hypotheses have been advanced to account for the supposed redshifts: 1. Cosmological hypothesis; the redshifts are due to the expansion of the universe, 2. Gravitational hypothesis, 3 Local-Doppler hypothesis; in this hypothesis the redshifts are due to the Doppler effect, but the quasars are relatively nearby and have nothing to do with the expansion of the universe. Of these hypotheses, the first one is the most publicized one. One is led to attribute to quasars very many mysterious properties if one assumes the redshift hypothesis to be correct. A patient analysis of the data on quasars over the years has led to the conclusion that the real source of the trouble is in the assumption that the spectra of quasars have redshifts. In the early 1960's quasars were known as 'radio stars' because the method used to discover the first quasars was based on coincidences between a strong radio source and a point-like optical source. Since each radio source was associated with a star it was originally thought that quasars were objects within the galaxy hence the term 'radio stars'. Quasars or quasi-stellar radio source, from the method by which they where originally discovered: as stellar optical counterparts to small regions of strong radio emission. With increasing spatial resolution of radio telescopes the strong radio emission often seemed to come from a pair of lobes surrounding many of these faint star-like emission line objects. The initial method of selection was strong radio emission, and then later any object with blue or ultraviolet excess was considered a good quasar candidate. Very recent evidence from the near infrared portion of the spectrum indicates that a large fraction of quasars may in fact be brighter in the infrared than in other wavelength bands. Answering these basic questions may summarize much of the information regarding Quasar. What is the definition of a quasar? When radio telescopes were first turned on the heavens, point sources of radio waves were discovered (along with spread-out regions of emission along our Milky Way). Astronomers using ordinary visible-light telescopes turned toward these radio points and looked to see what was there. In some cases a supernova remnant was found, in others, a large star-birth region, in others a distant galaxy. But in some places where point sources of radio waves were found, no visible source other than a stellar-looking object was found (it looked like a point of a star). These objects were called the quasi-stellar radio sources or quasars for short. Later, it was found these sources could not be stars in our galaxy, but must be very far away as far as any of the distant galaxies seen. We now think these objects are the very bright centers of some distant galaxies, where some sort of energetic action is occurring, most probably due to the presence of a supermassive black hole at the center of that galaxy. (Supermassive - made up from a mass of about a billion solar masses.) What do quasars have to do with black holes? It is thought the infall of matter into the Supermassive black hole can result in very hot regions where huge energies are released, powering the quasar. How big are quasars compared to galaxies? Well, the region of intense visible emission is quite small compared to the rest of the galaxy that it is imbedded in. The visible emission only occurs very near the center of the galaxy. On the other hand, huge regions of radio emission, produced by the quasar, can stretch out to large distances outside the