Financial Management, Data Analysis, and Decision-making
Not what you're looking for?
The discussion topic is financial scandals. At the most basic level, Enron, Worldcom, and other scandals were the result of the manipulation of financial reporting. What can be done to prevent these problems from happening again? Have you ever heard of or experienced any of these problems in your own career? What would you do if you did, and your manager told you to look the other way?
Purchase this Solution
Solution Summary
This solution thoroughly discusses financial scandals. Professional examples are also included.
Solution Preview
There have been several steps implemented post-2000s scandals that have been somewhat successful. The Sarbanes-Oxley Act (SOX) has been implemented, and with any regulations, there are certain costs. In this case, the cost of compliance to SOX has been so extreme that many companies have actually taken their stock off the market to become private companies. While many things can be done, this illustrates the fact that there are typically costs associated with any form of compliance. The line then must be drawn over the level of protection for investors and the public ...
Purchase this Solution
Free BrainMass Quizzes
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Basics of corporate finance
These questions will test you on your knowledge of finance.