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Bernie Madoff Essays (Examples)

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Madoff S Ponzi Scheme Lessons to Be Learned
Words: 708 Length: 2 Pages Document Type: Essay Paper #: 93042598
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Madoff and the Ethics of Business

The author's viewpoint is objective and factual: it relates the episode in history regarding Bernie Madoff's "ponzi scheme" and shows how he was able to pull it off for so long, essentially lying to all of his clients, regardless of their individual worth and/or fame (Stanwick, Stanwick, p. 258).

The major issue presented in this case is the lack of transparency that Madoff showed (a major ethical issue) and the too-good-to-be-true promise of returns that no one else in the investment sector was able to give. Another issue was his closed trading system as well as the fact that there was no correlation between Madoff's reported trade volume and the volume of the S&P options market -- someone was lying. Why the SEC failed to find any evidence of wrongdoing for so many years on Madoff's part should raise questions about the credibility of…


Durden, T. (2016). Everyone Jumping On The Bandwagon: BofA Says To Stay Long

Gold Until $1,375, "$1,550 A Possibility." ZeroHedge. Retrieved from 

Stanwick, P., Stanwick, S. (2014). Understanding Business Ethics. NY: Sage.

Madoff S Ponzi Scheme and How it Could Have Been Prevented
Words: 951 Length: 3 Pages Document Type: Paper #: 31375976
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Business Ethics - Contemporary Case 2: Madoff's Investment Firm

The investment Ponzi scheme of Bernie Madoff and his hedge fund for wealthy clients was a major violation of ethics by Madoff, as he showed a severe lack of transparency (hiding his actions and never divulging how his trades were profitable) and a consistent habit of lying to clients by using one's fund to pay off another. Madoff's investment firm was essentially based on deception: he promised extraordinarily high returns on investments made the world's wealthy elite -- and so long as they did not all attempt to withdraw their investment at the same time, and so long as new investors continued to come to the firm, Madoff had enough capital on hand to pay out the promised returns. The fact that he did not actually make profitable investments with his clients' money, however, while claiming that he did so, is…


Schultz, K., Greenbert, D. (2009). Bernie Madoff's Billionaire Victims. Forbes.

Retrieved from

The Greatest Ponzi Scheme
Words: 1237 Length: 4 Pages Document Type: Essay Paper #: 86511100
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Madoff Securities case occurred because of fraudulent investment schemes due to lack of regulation as well as insufficient oversight of specific financial intermediaries along with dismissal of opportunistic behavior. To understand why such an incident happened in the first place, it is important to identify the kind of scheme led by Madoff. It is called a Ponzi scheme. In a Ponzi scheme, an unsustainably big pool of investors must be maintained to keep it afloat. It begins with a simple promise to a few investors of doubling an amount they decided to invest. Rather than investing that money and doubling it, the person involved in the scheme takes money from a successive round of investors and the scheme continues (Knapp, 2011). The formula is ROI-R-I.

The reason why the Ponzi scheme went unnoticed for so long was partly because of Madoff's reputation and a huge regulatory hole. This major discrepancy…

International Business the Aftermath of
Words: 1509 Length: 5 Pages Document Type: Research Paper Paper #: 48604943
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Over the course of time, assertive laws are evolving which are supposed to deal with any issues quickly. This means that all financial firms will face higher costs and greater amounts of time in complying with these new guidelines. ("Dodd Frank")


Clearly, the Bernard Madoff scandal reshaped investor confidence and the regulatory environment. This is because many of his clients suffered tremendously from the firm's activities. In some cases, individuals were forced to sell their homes. While at other times, many nonprofits were forced into bankruptcy from being overly exposed. This resulted in the trustee utilizing aggressive tactics in recovering assets.

These actions set the stage for regulators, actuaries and fiduciaries to begin taking a more assertive stance when protecting the interests of the public. As a result, much stricter guidelines are being imposed. These areas are impacting the operating procedures of firms and how they are accounting for…


"$2.48 Billion." Daily Mail, 2012. Web. 4 Dec. 2012

"Dodd Frank." SEC, 2012. Web. 4 Dec. 2012

"The Securities and Exchange Commission." SEC, 2012. Web. 4 Dec. 2012

Kirtzman, Andrew. Betrayal. New York: Harper, 2010. Print.

Ethical Behavior of a Person or a
Words: 1086 Length: 3 Pages Document Type: Essay Paper #: 40994200
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Ethical behavior of a person or a corporation greatly affects the stakeholders with which that person is involved. Often, people and companies take serious consideration when it comes to those stakeholders, and they work to take good care of the people who are involved with them (Keller, 2002). There have been cases, though, where ethical behavior has been ignored in the name of profit. Eventually, most companies and people who ignore their ethics are caught and punished, but not before they end up harming the financial and emotional lives of many of their stakeholders. Plato once said that the nature and the origin of justice was that men who were capable of doing wrong to other people would often do so. He also said that men who did not have enough strength to keep themselves from being harmed by others would not do harm to other people.

In other words,…


Anderson, A.A. (1999). Downsizing and the Meaning of Work. Babson College Business Ethics Program.

Keller, K.W. (2002). What does a business owe the community? The Signal.

Paranoia and Thomas Pynchon Bleeding Edge
Words: 1740 Length: 6 Pages Document Type: Research Paper Paper #: 29515259
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Thomas Pynchon, Bleeding Edge

One hallmark of postmodern literature is a willingness to mingle high and low registers, and to subvert popular and recognizable genres of literature with material that might seem foreign or that frustrates customary expectations. By any standard, Thomas Pynchon is one of America's pre-eminent postmodern novelists, and his 2013 novel Bleeding Edge follows both of these customary procedures. I hope to demonstrate that Pynchon's purpose in Bleeding Edge is twofold: he is engaged in "historical fiction," but of a peculiar sort -- writing about the very recent past, in a novel that covers the events of September 11, 2001 -- and he is also writing a postmodern detective novel. In both ways, Pynchon is able to indulge a crucial theme which critics have identified as being central to his work as a whole: the idea of paranoia.

On the surface, Bleeding Edge would appear to be…

Hedge Fund Regulation the Purpose
Words: 4816 Length: 18 Pages Document Type: Research Proposal Paper #: 47922899
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In the first-round survey, a majority of investors cited diversification as their main objective in allocating to hedge funds. Among the second-round interviewees who were planning to increase their target allocations by 10% or more, half named diversification as the motivating factor. Among the approximately one in ten who were planning to decrease allocations by at least 10%, concern with a lack of transparency was the most frequently cited reason.

(4) Institutions are thinking and acting as long-term investors. While almost a quarter of second-round interviewees said they have liquidated some investments or plan to do so, overall the investors surveyed showed no inclination toward a long-term exodus from hedge funds. This is understandable, considering that 93% of all interviewees said they make hedge fund investments with a time horizon of at least three years, and more than half have a time horizon of five years or more.

(5) Investors…


Cumming, Douglas and Dai, Na (2008) Capital Flows and Hedge Fund Regulation. SSRN Journal. Online available at: .

Dawn, Ralph and Young, Chuck (2009) Testimony before the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises before the House of Representatives (2009) Orice M. Williams, Director of the Financial Markets and Community Investment. GAO Report. Online available at: 

Glovin and Scheer (2008) Madoff Charged in $50 Billion Fraud at Advisory Firm. Online.

Hedge Funds Under the Microscope: Examining Institutional Commitment in Challenging Times. Greenwich Associates. Online available at: HFs%20Under%20Microscope_Overview.pdf

Economic Crash Can Be Viewed From a
Words: 1487 Length: 5 Pages Document Type: Essay Paper #: 62861911
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Economic crash can be viewed from a number of perspectives ranging from causes and effects to the 2008 Crash's resemblance to the Crash of 1929, which began the Great Depression. This paper will consider the 2008 recession from the standpoint of the financial banking industry, which, according to economic journalists like Matt Taibbi (2010), played a major and significant role in the crumbling of the nation's economy -- just like it did in the Lawless Decade also known as the oaring Twenties.

Big Banking Meets Big Government

What has now become known as the Era of De-egulation actually had its beginnings in the 80s decade known just as much for its rampant excess as the early 20s were known for their unbridled lawlessness. Yet, while the latter enjoyed the snubs-to-the-law bootlegging speakeasies, the former enjoyed the merging of the financial sector with the political -- which began during eagan's tenure…

Reference List

AP/HuffPost. (2011). Charles Ferguson's Oscar Speech Rips Wall Street: 'Inside Job'

Director Levels Criticism During Acceptance. HuffPost Business. Retrieved from 

Sann, P. (n.d.). The Lawless Decade: A Pictorial History of the Roaring Twenties.

Retrieved from

Christianity and Business
Words: 1680 Length: 5 Pages Document Type: Essay Paper #: 95311217
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Your Name
INDS 400-001
August 06, 2014
Business and Religion
IPS Integration Essay
Cognate/Career Synthesis Paper:
Incorporating a Christian orldview
Presented in Partial Fulfillment
EDU 400: Capstone
Your Name
John Doe
EDU 400-001
06 August 2014
Business and Religion Synthesis:
Incorporating a Christian orldview
Incorporating a more Christian worldview would be largely beneficial to a range of careers as such a perspective can help guide all endeavors along a more moralistic path. The last decade or so has brought us some of the most staggering corporate scandals that the human race has ever known. These were scandals which crippled the economy and which brought the nation to untold amounts of financial struggle and unhappiness. To this day, the government and private businesses are still working manically hard to dig the country out of a completely destructive great recession. The more we understand how such corporate scandals were started and…

Works Cited
Cornwell, Lisa. Son of Madoff\'s accountant kills himself in Ohio. 18 November 2012.

Financial Practice
Words: 677 Length: 2 Pages Document Type: Essay Paper #: 47133413
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working on financial practice problems can help students to apply key concepts and principles.

Understanding various financial practice problems will help all students to ensure that they have a foundation for knowing how money and the world of finance works. This is important because, it will serve as foundation that will allow everyone to be prepared for: objectively evaluating their business, personal finances and investments. Once this takes place, it means that we can make more prudent financial decision by: avoiding common mistakes. As, these tools will help everyone in: identifying potential frauds and it will give us a sense of reality. This is the point that these ideas will prevent us from making critical errors that could have a dramatic impact upon: our net worth and the kinds of decisions that will have an effect on our future.

A good example of individuals who were never able to learn…


Madoff Used Multiple Compliance Techniques. (2010). Dave Manuel. Retrieved from: 

The Madoff Affair. (2009). PBS. Retrieved from:

Business Ethics Corporate Accountability
Words: 1902 Length: 6 Pages Document Type: Research Paper Paper #: 97154684
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Corporate Accountability

The corporate scandals of the last fifteen years have brought the issue of corporate accountability to new light, adopting at times a center-stage discussion. When the Bernie Madoff scandal broke, many professionals turned to the accounting department at Madoff Securities along with the auditors who had audited the firm before. Madoff was the one who admitted to stealing $50 billion dollars during the decades that his firm was open -- even though his firm hadn't purchased securities in over 13 years. Such an admission of guilt demonstrates that without strict and enforceable tenets of corporate accountability, $50 billion dollars really can just disappear. Thus corporate accountability is something that needs to be fostered both internally and externally: if it is only enforced and fostered in one way, then this imbalance is doomed to create failure along with other ethical sunsets.

In order to properly enforce corporate accountability, it…


Boehme, D. (2009, March). From Enron to Madoff: Why Many Corporate Compliance and Ethics Programs Are . Retrieved from 

Davidson, P. (2013, September 26). N.Y. accounting exec arrested in Madoff fraud. Retrieved from (2013, May). Corporate accountability. Retrieved from 

Jennings, M. (2006). The Seven Signs of Ethical Collapse. New York: St. Martin's Griffen.

Business Corporations and Problems That Exist
Words: 2247 Length: 7 Pages Document Type: Term Paper Paper #: 27260908
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corporate form of "the business corporation," its structure, prerogatives, and procedures, leads to ethical problems arising, or being difficult to resolve. Ethics in business has always seemed to be a struggle, because the main purpose of a business is to turn a profit, and for some businesspeople, that may be at any cost. However, after scandals such as Enron, WorldCom, and Bernie Madoff, among others, business ethics has emerged as an important part of a healthy business environment. The smart business corporation knows ethics and corporate social responsibility (CS) are an important aspect of their daily operations, and yet, businesses still seem to overlook that ideal at the most inopportune times.

The Business Corporation

What is a business corporation? To begin a discussion on ethics, it is important to first define a business corporation. A business corporation is a company doing business that enjoys certain legal protections as a corporation.…


Bomann-Larsen, Lene and Oddny Wiggen, eds. (2004). Responsibility in world business: Managing harmful side-effects of corporate activity. Tokyo: United Nations University Press.

Dilenschneider, R.L. & Salak, J. (2003) Do ethical communicators finish first? Walking the straight and narrow information path. [Online]. Available at:;col1  [Accessed 17 June 2009].

Duska, R.F. (2006). Contemporary reflections on business ethics. New York: Springer.

Grace, Damian. 2006. For business ethics. Australian Journal of Management 31, no. 2: 371+.

Business Ethics This Is a
Words: 2140 Length: 7 Pages Document Type: Thesis Paper #: 9616459
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Those discretionary areas include sales and negotiating. These are open to flexibility, argument, discussion -- all within boundaries. The boundaries that fence them in are the non-discretionary functions of the business, those areas where the lines must not be crossed.

The non-discretionary areas have very firm guidelines, rules, and even laws and regulations that guide what can and cannot be done. It is when we violate those guidelines, that we cross ethical and/or moral standards whether or not we actually violate the law. There is no compromise in the non-discretionary areas. usiness ethics can be a very personal function rather than organizational (Cagle, Glasgo, & Holmes, 2008).

As an example, safety is non-discretionary. Safety procedures must be enforced and employees have to follow them. There is no negotiation or flexibility. If the company does not establish proper safety standards but no one gets hurt, is it a violation of business…


Cagle, J., Glasgo, P., & Holmes, V. (2008). Using ethics vignettes in introductory finance classes: Impact on ethical perceptions of undergraduate business students. Journal of education for business (peer-reviewed) (AN35201100), 76-83, Vol. 84, Issue 2.

Crane, A., & Matten, D. (2007). Business ethics: managing corporate citizenship and sustainability in the age of globalization - (peer-reviewed). Oxford, England: Oxford University Press.

DeGeorge, R.T. (2005, February). A history of business ethics. Retrieved June 15, 2009, from Santa Clara University: 

Harvard Law Review. (2009). Go directly to jail: White collar sentencing after the Sarbanes-Oxley act. Harvard Law Review (peer-reviewed), 1728 (21) (GALE Doc. #A198185467).

Consumer Spending Declines in a
Words: 1796 Length: 6 Pages Document Type: Thesis Paper #: 16585922
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What needs to happen is that economic stimulus aimed at savings and investment, not necessarily nationalization of financial institutions, needs to occur. There is a difference, and with nationalization there is the assumption of risk by a government which will naturally be one of the most risk-averse, and therefore unable to capitalize on economic growth mindsets there are. A financial strategy of seeking to infuse greater levels of trust in financial institutions by tighter regulations on them and the development of programs to get the most critical of resources, oil and gas, free form inflation, is essential for a recession to not be prolonged due to inflation. Stabilizing these two factors, GNP and controlling inflation, are what can restore trust in an economy and help it to turn around. There are no quick fixes to a recession, rather the gradual spiral that creates one need to be used to get…


Abberger, K., & Nierhaus, W.. (2008). HOW TO DEFINE A RECESSION? CESifo Forum, 9(4), 74-76.

Bernard, C., & Boyle, P.. (2009). Mr. Madoff's Amazing Returns: An Analysis of the Split-Strike Conversion Strategy. Journal of Derivatives, 17(1), 62-76,5.

Berry, S., Williams, R., & Waldron, M.. (2009). Household saving. Bank of England. Quarterly Bulletin, 49(3), 191-201.

Chamberlin, G.. (2009). Economic review: October 2009. Economic & Labour Market Review, 3(10), 6-14.

Plato Application of Theory to
Words: 3468 Length: 10 Pages Document Type: Research Proposal Paper #: 82930471
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Too many leaders today do not see much as necessarily bad or good, and they simply go through their life without realizing there is so much more out there to be done and seen, just like the people in Plato's Cave. They have blinders on -- some of which are part of society, and some of which are self-inflicted. If only they would break out of the chains which enslave them in that Cave they could climb up into the light where they could truly see, and they would be aware of all the beauty and wonder in this world.

Unfortunately, the people in the Cave choose not to make an attempt at going outside, and because they do not strive to see more and to learn more, they do not teach the children to see more and to learn more. The cycle simply perpetuates, and this is the case…


Anderson, Albert a. (1999). Downsizing and the Meaning of Work. Babson College Business Ethics Program.

Donaldson, Thomas, and a.R. Gini. (1984). Case Studies in Business Ethics. 2nd ed. New Jersey: Prentice-Hall.

Giardina, Denise. (1999). Saints and Villains. New York: Ballantine Books.

Guthrie, W.K.C. (1986). A History of Greek Philosophy: Volume 4, Plato: The Man and His Dialogues: Earlier Period. New York: Cambridge University Press.

Hedge Funds Suitable for Retail
Words: 2447 Length: 7 Pages Document Type: Essay Paper #: 43461532
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Unfortunately, determining which fund to go with for a retail investor is difficult, as there are many unscrupulous fund managers who might seek to take advantage of the fact that they are playing with other people's money and making (at least) the management fee. This can lead even scrupulous hedge fund managers to take unnecessary risks.

The danger of hedge funds being mismanaged truly cannot be overstated. For example, Bernie Madoff ran a large exclusive fund and while it was a Ponzi scheme, which while illegal and with "fantasy returns," that sophisticated investors most certainly should have realized were not realistic, Madoff continued to be able to bring in investors. However, Madoff's investors were all relatively financially sophisticated people with huge assets. While his scheme caused them financial damage, the damage was manageable and it was confined to a group of people with assets that greatly outstripped those of the…


Agarwal, V 2009. "Hedge funds for retail investors? An examination of mutual funds," Journal

of Financial and Quantitative Analysis, vol. 44, no. 2, pp. 273-305. Available from:

. [27 February 2012].

Gross, P 2012. Narayan Naik looks at hedge funds and investment portfolios. Available from:

Ponzi Schemes and Making Decisions
Words: 728 Length: 2 Pages Document Type: Essay Paper #: 57569032
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Judgment in Managerial Decision Making: The Ponzi Scheme

Everyone makes decisions, both good and bad, throughout their lives. ecently, there has been quite a bit of talk about the bad decisions that businesses and their executives have made. Issues like the stock market and sub-prime mortgage issues have financially devastated some people, as have Ponzi schemes. These types of schemes create fraudulent investments that seen to offer great rates of return (Dunn, 2004). Instead of investing, though, the person running the scheme is using the investment money from new investors to pay the "dividends" of previous investors. More and more money is needed to sustain the scheme, but by the time everything collapses the original person running the scheme has pocketed and/or spent a huge amount of money (Dunn, 2004). Many people have been jailed for Ponzi schemes, as most people do not get away with them for very long…


Dunn, D. (2004). Ponzi: The incredible true story of the king of financial cons (Library of Larceny) (Paperback). New York: Broadway.

Frankel, T. (2012). The Ponzi scheme puzzle: A history and analysis of con artists and victims. USA: Oxford University Press.

Human Conduct the Study of
Words: 1182 Length: 3 Pages Document Type: Term Paper Paper #: 72955790
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This was despite the fact that he had the title as the "King of Rock and Roll" and was one of the most recognizable personalities in the world. Over the course of time, one could argue that because of his celebrity status and vast wealth that no could tell him to fix his life. Instead, he was surrounded by people who only told him what they thought he wanted to hear. At which point, the lifestyle choices that he made had a dramatic impact upon his health. In this situation, one could argue that critics of Pojman's ideas are wrong, where the life of Elvis was a rags to riches story that went astray. Instead, one could argue that the proponents of the theory would have an accurate interpretation of the situation, based on the fact that the overall levels of goodness within Elvis' soul would change over time. As…


Blaine, C. (2010). Bernie Madoff a Prison Star. Retrieved June 14, 2010 from MSN website: 

DeRoche, C. (2009). Capital Punishment. Retrieved June 14, 2010 from Socyberty website: 

Dvorin, a. (nd.). Elvis Presley. Retrieved June 14, 2010 from Morbid Curiosity website: 

Smith, S. (2008). Common Misunderstanding in Philosophy. Retrieved June 14, 2010 from Associated Content website:

Ethical Behavior by Corporations Would
Words: 696 Length: 2 Pages Document Type: Term Paper Paper #: 78358626
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On the subject of shareholders and adverse publicity, in the book Corporate Ethics and Corporate Governance, the authors mention how much investors / shareholders "hate" surprises, in particular when the surprises are caused by the "unethical behavior of senior managers…" (Zimmerli, et al., 2007, p. 155). In today's mass media environment it is a sure thing that some blogger, local newspaper reporter or national cable news talking head is going to find out that company X has hired a lobbying firm to basically bust the competition. hen this story hits the 24-hour news cycle -- and the media today is extremely competitive, so it is a given that several media outlets will dig deeper into the story and be less than objective in their reports -- the shareholders will be hit with the surprise they did not want to be hit with.

An embarrassing public relations disaster like this…

Works Cited

Baglini, Norman a. (2001). Ethical Behavior, Corporate Culture and Financial Services. The Geneva Papers on Risk and Insurance, 26(3), 367-372.

Zimmerli, Walther Christoph, Zimmerli, Walther C., Richter, Klaus, and Holzinger, Markus.

(2007). Corporate Ethics and Corporate Governance. New York: Springer.

Penn State Joe Paterno
Words: 1531 Length: 5 Pages Document Type: Term Paper Paper #: 8305842
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e. Paterno - would not have had the centralized power that he possessed. Instead of him being the lone arbiter of the team's interests and performance, he would have been controlled by the necessary third objective party that Paknis insisted should have been there to investigate each and every aspect of the team's functioning. Paterno would have been simply an actor within a larger democratic system of individuals objectively interested in the team's good and in their ethical performance. These would have included an objective and large area of stakeholders such as citizens, groups, elected representatives, and other appropriate institutions. In this way, Paterno would have been held in check and his mythical presence controlled by objectively elected representatives and citizens who would have taken great care to ensure that public interest, rather than personal interest, prevails. It is the leader's responsibility to enhance the team's reputation not to destroy…


Huf Post.Sports (11/16/11) Penn state scandal: Matt Paknis, former graduate assistance, says Joe Paterno knows everything. 

Paknis, M. (11/8/11) Absolute Power Corrupts Absolutely, Building Teams & Leaders

Accounting Systems Assessing the Current and Future
Words: 1344 Length: 5 Pages Document Type: Essay Paper #: 64927331
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Accounting Systems

Assessing the Current and Future State of The lifeblood of any business is the revenue it generates while managing costs, ensuring profitability of the business, and its long-term survival and growth. The catalyst of managing a business effectively is the use of accounting information, financial analysis, and increasingly in the 21st century, the use of real-time financial analytics on key performance indicators (KPIs) used to manage a business (Ferguson, Seow, 2011). Accounting systems continue to be the foundation of managing businesses to profitability while mitigating potential risks though insightful and real-time use of financial data. The future of accounting systems will be increasingly influenced by the real-time reporting and analysis as the Securities and Exchange Commission (SEC) has required the largest publically traded corporations in the U.S. To report their results through the extensible Business eporting Language (XBL) protocol (Tribunella, Tribunella, 2010). The SEC is setting a very…


Ferguson, C., & Seow, P. (2011). Accounting information systems research over the past decade: Past and future trends. Accounting and Finance, 51(1), 235.

Gill, R.. (2011). Why Cloud Computing Matters to Finance. Strategic Finance, 92(7), 43-47,1.

Salah A Hammad, Ruzita Jusoh, & Elaine Yen Nee Oon. (2010). Management accounting system for hospitals: a research framework. Industrial Management + Data Systems, 110(5), 762-784.

Tribunella, T., & Tribunella, H.. (2010). Using XBRL to Analyze Financial Statements. The CPA Journal, 80(3), 69-72.

Business Ethics Case Study --
Words: 590 Length: 2 Pages Document Type: Essay Paper #: 53332105
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Michael has no moral "right" to undermine their loan evaluation process even if he genuinely believes that the lender will not be harmed by the deception. After all, beliefs are always subjective and people in Michael's position can be very sure about what they genuinely believe but still be wrong.

One need look no further than the .S. housing market in 2007 to see what can happen when peoples' beliefs about the value of property and about the ability of borrowers to pay back loans are wrong. Therefore, Michael is acting unethically to misrepresent information to the lender that the lender intends to use to determine whether or not the loan to Kokomo is safe enough to issue. Michael probably believes (honestly) that the lender simply does not understand enough about Kokomo's business processes and competitive situation to make the "right" decision. He probably feels morally justified in lying for…

Undoubtedly, Michael believes that his deception will not actually cause harm to anybody. On that level, his approach to securing the loan is only unethical "technically" because the lenders are entitled to use whatever criteria they want to decide how to make lending decisions. Michael has no moral "right" to undermine their loan evaluation process even if he genuinely believes that the lender will not be harmed by the deception. After all, beliefs are always subjective and people in Michael's position can be very sure about what they genuinely believe but still be wrong.

One need look no further than the U.S. housing market in 2007 to see what can happen when peoples' beliefs about the value of property and about the ability of borrowers to pay back loans are wrong. Therefore, Michael is acting unethically to misrepresent information to the lender that the lender intends to use to determine whether or not the loan to Kokomo is safe enough to issue. Michael probably believes (honestly) that the lender simply does not understand enough about Kokomo's business processes and competitive situation to make the "right" decision. He probably feels morally justified in lying for that reason.

The more ethical approach to the same situation and the one that I would prefer would be to devote the necessary effort to teach the lender about Kokomo's position and to present all of the facts that might not be apparent from the traditional information requested on the loan application. Michael should create a presentation to educate the lender so that the lender can understand that the poor past profits recorded for Kokomo are simply not a reliable indicator of the security of the loan. Michael should illustrate why the loan will enable Kokomo to become profitable and repay the loan instead of relying on unethical deception to get the loan.

Level-Six Leader Are You a
Words: 2103 Length: 6 Pages Document Type: Research Paper Paper #: 76621815
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Firstly, in Piagetian manner, the subject is confronted with a moral dilemma, that is, a short story in which two or more moral principles oppose each other. He or she is asked to make a choice. Secondly, the interviewer uses intensive probing, that is, why-questions, and questions which stimulate the respondent to consider varying situational contexts. Thirdly, stage scoring of interview is based on well conceived and meaningful measurement units.Through the confrontation with moral dilemmas, the subject is stimulated to consider moral norms rather than merely technical knowledge of solving a problem (most people suggest a technical solution first, which seems an appropriate strategy in most every-day decision making).(Kolhberg)


There are six levels of leaders, according to the combined works of Jean Piaget, Lawrence Kohberg, and obert Kegan. esearch shows the majority of leaders are level four leaders or level five leaders. Level four leader 'Achiever' is categorized as…


Cherry, Kendra.(2012) guide. Kohlbergs Therory of Moral

Development.Retrieved from website: 

Gerard Duveen

Business Ethical Practice in Business
Words: 652 Length: 2 Pages Document Type: Essay Paper #: 22701393
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Had the Saints not engaged in corporate social responsibility, they likely would have abdicated a significant proportion of their market base.

Another example of corporate social responsibility is the recent campaign by Coca Cola to save polar bears, which are an endangered species. The polar bear effectively represents the mascot for the Coke brand, and so Coke has a (manufactured) affiliation with the species. By financially assisting the global effort to save polar bears, Coca Cola acts as corporate philanthropists while at the same time garnering positive publicity for their efforts. In this regard, good ethics are again equated with productive business (Burton, Goldsby, 2010).

Alternately, companies that disregard corporate social responsibility experience substantial corporate loss. For example, the Miami Marlins baseball team convinced the city of Miami to publicly fund their stadium, under the premise that they would spend ample amounts of money to field a competitive baseball team.…


Burton, K., Goldsby, M.G. (2010). The moral floor: A philosophical examination of the connection between ethics and business. Journal of Business Ethics, 91(1), 145-154.

Carroll, a.B., Shabana, K.M. (2010). The business case for corporate social responsibility: A review of concepts, research, and practice. International Journal of Management Reviews, 2(1), 85-105.

Public Policy and Service Currently I Work
Words: 2038 Length: 6 Pages Document Type: Research Paper Paper #: 39060074
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Public Policy and Service

Currently, I work on homeland security issues, with a focus on enforcing Federal egulations. My overall plan is to remain with the government with the likelihood of retiring from a governmental agency. My professional philosophy revolves around the nature of service, and I believe that my skills, enthusiasm and patriotism all combine in a better way by using my skills to help the United States.

Before this recent job change, I was a bank regulator. I transferred to Homeland Security because of its importance in the contemporary environment and its mission to protect America at home and abroad. When one stops to reflect a moment, we see that the world is a far different place than it was prior to the events of 9/11. In fact, as a direct response to the terrorist attacks on the United States in September, 2011, the Office of Homeland Security…


National Strategy for Homeland Security. (2002, November). Retrieved from

Connor, M., Pokora, J. (2012). Coaching and Mentoring at Work: Developing Effective Practice. New York: McGraw-Hill Education/Open University Press.

Department of Homeland Security. (2012, March). Get A Homeland Security Job. Retrieved from

Dunleavy, P., & Carrera, L. (2013). Growing the Productivity of Government Services. Northampton, MA: Edward Elgar Publishing.

Defiant to the End
Words: 1619 Length: 5 Pages Document Type: Essay Paper #: 26278675
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Skilling v. USA

The seminal court case that was Skilling v. The United States was an affirmation and confirmation that Jeffrey Skilling was rightly convicted and that he was not being railroaded. Much of this report will focus on the case itself but the aftermath will also be discussed. In the end, the case centered on the idea that Jeff Skilling asserted that he was wrong convicted, was not given a fair trial and that the entire proceeding was thus invalid as a result. The United States Supreme Court ruled against Skilling in all respects except one major one and he got a decade knocked off of his sentence as a result. This report will discuss the reason for that in detail. While guilty deserved to be punished for their crimes, they should be punished consistently with the intent, letter and actual verbiage of the law.

Case Summary

The analysis…


ABC-13,. (2015). Ex-Enron CEO Jeff Skilling will get out of prison in December of 2020 after getting sentence reduced. ABC13 Houston. Retrieved 18 May 2015, from 

Calkins, L. (2013). Enron's Skilling to Leave Prison in 2017 as Sentence Cut. Retrieved 18 May 2015, from 

Cohn, S. (2014). Enron's Skilling gets another break from the Feds. CNBC. Retrieved 18 May 2015, from 

Elkind, P. (2013). Enron: The real story behind Jeff Skilling's big sentence reduction. Fortune. Retrieved 18 May 2015, from

Jewish Ethics
Words: 2214 Length: 7 Pages Document Type: Paper #: 55107923
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The Scope of Jewish Ethics

When one thinks of the ethics of any religion, behavior of the individual often comes to mind initially. However, the behavior of the micro informs the macro, as the creators of the code of Jewish ethics are well aware. This paper will examine the scope of Jewish ethics as they pertain to the economic and health spheres, two arenas where there needs to be strong connections to ethical codes. The scope of Jewish ethics pertains to all arenas and subjects where the safety, wellness, happiness and potential of the individual and collective are concerned.

Dorff and Mackler discuss that the Jewish tradition acknowledges that there is a collective duty to care for one another; this duty only pertains to what is reasonably within human power (321). However, as the authors suggest, this naturally brings up the notion as to how much medical care do people…

Worldcom Case Took the Entire
Words: 1093 Length: 4 Pages Document Type: Term Paper Paper #: 76253551
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Madoff Investment Securities LLC (BLMIS) committed one of the greatest financial frauds in U.S. history. Investigations revealed that Mr. Madoff operated an elaborate "Ponzi Scheme" that started operating in 1980s.Even though Madoff was initially supposed to invest all of his clients' money in the securities markets, he never did so. Instead, he deposited the whole amount in a certain bank account that he held with the Chase Manhattan Bank. He therefore fulfilled his client's redemption requests using his own money. The fraud value was estimated at $50 billion and became a matter of public knowledge only after Madoff confessed to the crime. It can be regarded as the biggest financial fraud in U.S.'s history and it affected a large number of investors.The financial industry blamed the investors as well as regulators for neglecting the various warning signals that enabled Maddoff to continue with the fraud for several decades.

The Board…


Akhigbe, A., Martin, A., and Whyte, A., (2005). Contagion effects of the world's largest bankruptcy: the case of WorldCom. The Quarterly Review of Economics and Finance

45 (2005) 48 -- 64

Haque, F., Arun, T., and Kirkpatrick, C (2008) "Corporate Governance and Capital Markets: A

Conceptual Framework," 'Journal of Corporate Ownership and Control', 5(2)

Worldcom's Collapse and the Accounting
Words: 938 Length: 3 Pages Document Type: Research Paper Paper #: 12571352
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The reality was that a company which aspired to be "the No. 1 stock on all Street" was instead steadily bleeding money while claim growth in the billions.

The pressure placed upon accountants at ordCom was reflective of the pressure facing accountants throughout the economy during this period of widely absence securities oversight. Indeed, the relationship between regulation and accounting is essential, and this diminished link would have catastrophic implications for the profession as a whole. Such is shown by the Scott text, which tells that "efficient securities market theory has major implications for financial accounting. One of these is that supplementary information in financial statement notes or elsewhere is just as useful as information in the financial statements proper. Another is that efficiency is defined relative to a stock of publicly known information. Financial reporting has a role to play in improving the amount, timing, and accuracy of this…

Works Cited:

Kaplan, R.S. & Kiron, D. (2007). Accounting Fraud at WorldCom. Harvard Business School.

Scott, W.R. (2006). Financial Accounting Theory, 4th Ed. Pearson-Prentice Hall.

Skeel, D. (2005). Icarus in the Boardroom: The Fundamental Flaws in Corporate America and Where They Came From. Oxford University Press.

Criminal Profile Tyrell Tank Williams South Bronx
Words: 790 Length: 2 Pages Document Type: Case Study Paper #: 96278707
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Criminal Profile

Tyrell "Tank" Williams; South Bronx, New York City

When asked why people call him Tank, Tyrell Benjamin Williams responded, "because I'm huge and you can't stop me." This attitude is clearly represented in Mr. Williams' lifestyle of street crime and drug dealing. Tyrell was born in the Stuyvesant district of Brooklyn, New York on a cold morning in January of 1984. He spent his very early years in a traditional family in this relatively pleasant neighborhood. Though on the eve of Williams' entry into kindergarten, his father informed his mother than he had found another woman and he was moving out. Tyrell recalls this as one of the most traumatic experiences of his young life. He remembers looking up to his father and wanting to make him proud. When asked about his feelings directly regarding this experience Mr. Williams said he was "heartbroken."

After the separation of his…

Custom Research Cousteau's Decision to
Words: 1531 Length: 5 Pages Document Type: Thesis Paper #: 49211971
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hile it can be argued that auditors bear a degree of responsibility to evaluate management practices, Cousteau clearly took the view that on the whole the financial statements did accurately reflect the firm's circumstances; that the fraud did not constitute a widespread attempt to deceive the markets. Thus, evidence of fraud does not in and of itself render financial statements materially misleading. The nature and dollar amount of the fraud must also be taken into consideration, all within the context of the totality of publicly available information about the firm.

orks Cited:

Braun, K. (2001). The Disposition of Audit-Detected Misstatements: An Examination of Risk and Reward Factors and Aggregation Effects. Contemporary Accounting Research. Vol 18, No. 1 (Spring 2001), pp.71-99.

Shunglu, V.K. (1998). Role of the Auditor in Promoting Good Governance. International Journal of Government Accounting. Retrieved September 7, 2009 from

Babu, T.R.R. (2004). Audit Materiality. Oxford University. Retrieved…

Works Cited:

Braun, K. (2001). The Disposition of Audit-Detected Misstatements: An Examination of Risk and Reward Factors and Aggregation Effects. Contemporary Accounting Research. Vol 18, No. 1 (Spring 2001), pp.71-99.

Shunglu, V.K. (1998). Role of the Auditor in Promoting Good Governance. International Journal of Government Accounting. Retrieved September 7, 2009 from 

Babu, T.R.R. (2004). Audit Materiality. Oxford University. Retrieved September 7, 2009 from 

Sauer, R. (2007). The SEC's Materiality Standard Becoming Overly Vague and Excessively Onerous. Business Lawyer. Vol. 62, No. 2, pp 317-357.