Category: Accounting

ASSIGNMENT: watch the documentary entitled, Enron
Brief Overview of the Movie:
Enron, The Smartest Guys in the Room tells the inside story of the spectacular rise and fall of one of the most scandal-ridden corporations in American history. Based on the best-selling book of the same name, this film takes a look at the collapse of the once seventh-largest company in the United States, where executives misappropriated billions of dollars, leaving investors scrambling and ruining the life-savings of thousands of employees.
Through insider accounts and corporate recordings, the documentary follows the birth of Enron in 1985 to its zenith in 2000, becoming the largest natural gas merchant in North America. Its rise is plagued by unethical and underhanded business practices, including profiteering on the California energy crisis at the expense of the public. The company’s collapse is heralded by the extravagant and outrageous spending of its top executives, who leave the company and its employees in a sinking ship. Two different sources (you may find another, if you like)
https://search.yahoo.com/yhs/search?p=enron+the+smartiest+guy+in+the+room&fr=srp-dd-share&fr2=p:s,v:w,m:KgMoviesYKC,ct:copy-link
The Enron Scandal Questions
Who were the main leaders in this documentary and what role/position did they hold in the company. Who were the accountant?
Some of the accounting firms were making $1 million per week. Do you think they knew about the frankness? explain your answer
Contrast Enron’s code of ethics with the events that unfolded. Did the code of ethics have any influence on the day-to-day operations? If not, what is the point of having this document?
There are several people in the film who had positions of power within Enron but allowed the deception to continue. Of everyone, who do you think was most at fault for the Enron scandal? Why do you think it was able to grow as large as it did?
In 2001, when Enron filed for bankruptcy, it was the seventh largest business in the country and had $63.4 billion in assets. How is it possible that a company this large was such a scandal? Do you think there are still corporations like Enron today, where their finances are overblown?
What do you think about the information presented about the board of directors? Do you think they were actually innocent in the scandal?
At the end, Skilling went before Congress and claimed that the events were not actually as scandalous as they seemed, but that the problem was that the assets of Enron were tied up. Given Skilling’s history, is this believable?
Jeff Skilling was sentenced to 24 years in prison for the Enron scandal. Is this a just punishment? If not, what do you think would have been a better punishment?
Imagine that you had stock in the Enron Corporation. In 2000, the shares reached a value of $90.75 each, but by November 2001, they were worth less than a dollar. How would you feel if your finances or hopes for retirement were tied up in this?
Agree or disagree with the following statement and justify your answer: ”When investing in the stock market, there is an assumed risk. People who lost even hundreds of thousands of dollars should have assumed that risk when they invested.”
What surprised you most about this film?
The film shows the reach of destruction from the Enron scandal. Thousands of people lost money, workers in the company lost jobs, executives were sentenced to prison and other’s defamed their names and there was even suicide.
With this in mind, what are your thoughts about the role that accountants plays in corporations? On greed?
Is money the root of all evil?
What place does the pressure to succeed have in the Enron scandal?
Although many of the decisions made by Enron executives were illegal,
there were still financial decisions they made that were scandalous but technically legal. Should private companies and the stock market be more regulated to prevent this from happening or would that interfere with the main ideas of capitalism?

The question/problem due this week is a case study worth 40 points:
Case 9-1 (page 292) – Protecting Privacy of Tax Returns: Address the required aspects of the case as listed at the end of the given fact pattern.
Submit your assignment in a Word file upload.
I will upload case 9-1(page 292) and Book of the class for reference on the assingment. 

Please follow the instructions attached.
I have attached the two articles needed for this assignment.

Group 21: Why is the LIFO assumption considered to be in conformity with the matching principle? Please explain and provide example.

I need research papers according to the structure below:
Abstract (200 words)
-introduction
– Literature Review
– Methodology
– Research Objectives and Activities
– Findings and Analysis
– Discussion & Conclusions
– References.
– I need professional work such as independent and dependent variables, standard deviation, statistical analyses, etc.
– Target companies (Big 4).
– Sources from international journals ( scopus & WoS).

Background: This case is intended to help students in a graduate cost or managerial accounting course gain an in-depth knowledge of budgeting by developing and using a multi-product, multi-period master budget. The case consists of two segments that can be used in conjunction or separately. The first segment allows students to create a master budget. The second segment allows students to use their budgets to make recommendations for improving company performance. Only a portion of the first segment will be required in this course. The use of multiple products and introduction of incentives to improve company performance add a degree of complexity above that found in most budgeting problems. Working on this type of case provides you with a greater understanding of both the flexibility of a master budget and of the information, such a budget can provide to decision-makers. In addition, the case illustrates the incentives for budget padding, providing an opportunity to conduct a discussion of ethical budgeting and potential consequences in a rich context.
Read, analyze, compute, and review the data contained in the narrative.
Format: The assignment will be completed in Excel on your computer. Submit the assignment using an Excel XLSX workbook. Each budget schedule is to be contained on a separate spreadsheet tab. You are to utilize the power of Excel for totaling and referencing/linking amounts contained in other spreadsheets. Your grade is based upon the accuracy and formatting of each spreadsheet. Cells must be referenced (aka linked) between cells and tabs; this is how you will show your work and demonstrate comprehension of the use and purpose of budgets. The Signature Assignment will be assessed a 25-pt deduction if cells are not referenced/linked.
What is Graded? In addition to the spreadsheet tabs, you are expected to provide a narrative recommendation for improving performance. This recommendation will be the last tab in your Excel file. Use Word Wrapping, Alignment, and punctuation for readability. The following spreadsheet tabs will be graded:
Assumptions
Sales
Collections
Production

Please see the rubric and details of the report. This will also include a slideshow presentation. The company that i have been assigned to is Under Armour Ticker UA-Nasdaq

Please use the Rubric attached and pleae read carefully. I Topic of this SEC-10K should be based off of Cisco Systems-CSCO-NASDAQ

1-4. What are the Required financial statements for
nongovernmental not-for-profit organizations?
1-7. What is the primary financial reporting objective for
not-for-profit organizations? How does this differ from the primary financial
Reporting objective for a government?
2-7. What is meant by the terms deferred outflows of
resources and deferred inflows of resources? When are these accounts used?
Where are they reported on the financial statements?
2-9. Identify the governmental fund balance classifications
and give an example of what might be included in each classification
identified.
2-18. Match the exercise attached.

Create balance sheet state for hospital abc. See attached template. Use available PowerPoint for guidance shows examples. Using excel is reccommended.