Wednesday, August 26, 2020

Quantitative Methods for Computing Assignment Example | Topics and Well Written Essays - 1500 words

Quantitative Methods for Computing - Assignment Example This paper includes conversation and investigation of a survey completed in joined realm on their view on reception of close to versatile innovation by the banks and other money related foundations (NFC discussion 2011). A portion of the organizations which are completing trials on the utilization of close to handle innovation into the standard use are: NOKIA, SAMSUNG and GOOGLE. Anyway appropriation of this innovation has accompanied a few issues as far as downsides, however this innovation come a few too which will be portrayed in this paper. This paper will examine the geniuses and disadvantages of this innovation in UK and help banks which are endeavoring to increase the value of their center business work through the appropriation of this innovation. In view of a few meetings, this paper gives a few proposals to directors wishing to exploit the business advantages of NFC innovation (rose 2012). This innovation is ISO-put together and will in general form with respect to radio-re currence distinguishing proof (RFID) correspondence convention and furthermore consolidates norms utilized in different contactless card innovation (NFC gathering 2011). Contactless installments includes the utilization of gadgets that make utilize radio-recurrence ID to make secure installments, these include: charge and Visas, savvy cards and key coxcombs. The RFID chip and recieving wires empowers clients to wave the card or coxcomb over the peruser when making installments. The utilization of NFC innovation in United Kingdom was begun in the year 1997 by Mobil service stations yet money related foundations like banks received the innovation in 2008 which includes the utilization of ace card. These banks are; Citibank, American Express bank, Barclays bank, HSBC and the illustrious bank of Scotland gathering. Barclaycard was the primary establishment in UK to offer contactless cards in 2008. The utilization of NFC innovation in United Kingdom was started by the orange cell phone f irm when it cooperated with Barclaycard in 2010. Cell phone with contactless innovation was started in United Kingdom in 2011; these telephones had ace card paypass and visa Paywave, these administrations were allocated to the installed secure component and SIM card. The quantity of these safe telephones is expanding in joined realm however at first they were accessible in little scale(carton et al. 2012). The Near field correspondence innovation has been fused in contactless card standard thus making it conceivable to utilize gadgets which are NFC-empowered rather than credit and platinum cards subsequently lessening the weight to clients, For example, there has been a prooval of various NFC †empowered cell phones to be utilized with Paywave, NFC-empowered makes it feasible for clients to make installments by utilizing their telephone gadgets in the spot of credit or charge cards (visa 2012). Technique A poll containing a few inquiries which concentrated on the money related i ndustry in UK was structured. These inquiries were intended to survey on the perspectives on brokers and other budgetary foundation administrators on the reception of NFC innovation in banking concentrating for the most part on the confinements and favorable circumstances of NFC innovation. The examination was about contactless innovation in UK however a great deal of accentuation was put on NFC innovation. Thirty individuals were given the polls and were given a time of two days to fill them. The examination guaranteed none of the addressed could associate with the other since it was conveyed in various piece of United Kingdom. The inquiries posed are

Saturday, August 22, 2020

Speaker Presentation Response Papers Assignment

Speaker Presentation Response Papers - Assignment Example He was extremely powerful in his clarification of his vocation chart and clarified how he tasted the satellite TV business at better places moving from Portland to Miami to Phoenix to Houston to Washington DC in a multi year time frame. In this timeframe he delighted in different posts, for example, local chief for promoting, project lead and so forth. As per Bob Thomson, â€Å"He got a decent taste of Cable TV world over through this†. He consistently advanced all through his vocation and by 1998 he was made the Vice President of Fox Sports International. As per Bob Thomson, Fox Sports International by then included different channels over the US, for example, Fox Soccer, a Spanish assistance for Fox just as diverts in Latin America, Central America, Middle East and Eastern Europe. Under his administration, they had additionally begun selling FOX rights to individuals all through the world. These were the absolute greatest achievements in his vocation. He was made the CEO in 1999 and President of FOX Sports Network by 2000. He got drained by 2009 and he resigned. Weave Thomson figured out how to make the crowd smother a few snickers as he talked about his retirement in 2009. He keeps up that he despite everything accomplishes some work for FOX sports, for Direct TV link systems and Yes TV. At the point when Thomson had left the organization the working benefit was 1.1 billion dollars and the income was 3.2 billion dollar and has a total assets of 18 billion dollars today. How Sports changed throughout the years? Thomson proceeded onward to clarify how TV has changed throughout the years. He started with the hour of World War II. By then, sports was being communicated by a couple of channels onlyâ€CBS and Dumont. Sports was being utilized as a way to propogate the selling of TV hinders at that point however today Thomson clarified, it is utilized as a way to sell memberships world over. Thomson was sound on his insight as he drew correlations between what happened at that point and what happened today. In those days, he clarified the majority of the shooting would occur in the sun as there would not be sufficient lights around evening time. The cameras used to be huge. Thomson said they are enormous today however they were significantly progressively large by then. The sets were nonexistent and there was non idea of rights at that point. Thomson raised a substantial measurement in regards to how in those days the all out no of TV sets in United States were just 10 billion while today there are upwards of 110 billion TV sets. This as I would like to think raises an admirable statement with respect to the developing incorporation of TV world over. 1960s and 1970s: The 1960s and 1970s as clarified by Bob Thomson, I feel were a significant time in the realm of Sports Television. He named this period as the beginning of â€Å"explosion of sports programming†. A significant purpose of this time, I felt was the developing busine ss nature of publicizing. By the 1960s, there was not, at this point one support however different backers were brought in. This was to benefit from promoting revenew. Sponsors tried to target 19-54 male populace through these games channels. The difficulties that emerged: By 1980, the genuine difficulties for Sports TV began rising. This was when specialty channels and non sports programming channels, began removing viewership from standard systems. This was an extremely vital period in Sports TV programming. Customary games supports started moving their publicizing dollars into different regions as systems attempted to raise promoting rates. A significant point raised by Thomson was the significance of

Friday, August 21, 2020

Book Riots Deals of the Day for October 6th, 2019

Book Riot’s Deals of the Day for October 6th, 2019 Sponsored by Flatiron Books These deals were active as of this writing, but may expire soon, so get them while they’re hot! Todays  Featured Deals Confessions of a Funeral Director by Caleb Wilde for $1.99. Get it here, or just click on the cover image below. An Unnecessary Woman: A Novel by Rabih Alameddine for $1.99. Get it here, or just click on the cover image below. Lark and Termite by Jayne Anne Phillips for $1.99. Get it here, or just click on the cover image below. In Case You Missed Yesterdays Most Popular Deals The Secrets Between Us by Thrity Umrigar for $1.99. Get it here,  or just click on the cover image below. The Iron King by Julie Kagawa for $3.99. Get it here,  or just click on the cover image below. Previous Daily Deals That Are Still Active As Of This Writing (Get em While Theyre hot!): Unexpected Stories by Octavia E. Butler for $1.99 The Andromeda Strain by Michael Crichton for $1.99 The City in the Middle of the Night by Charlie Jane Anders for $2.99 A Dead Djinn in Cairo by P. Djèlí Clark for $0.99 The Star-Touched Queen by Roshani Chokshi for $2.99 The Lady from the Black Lagoon: Hollywood Monsters and the Lost Legacy of Milicent Patrick by Mallory OMeara for $1.99 Odd One Out by Nic Stone for $1.99 The Dark Descent of Elizabeth Frankenstein by Kiersten White for $1.99 Fatal Remedies by  Donna Leon for $1.99 The Ascent to Godhood (The Tensorate Series Book 4) by JY Yang for $3.99 Dear Martin by Nic Stone for $1.99 The Perfect Nanny by Leila Slimani for $1.99.  Get it here Ghost Wall by Sarah Moss for $2.99. Lets Pretend This Never Happened by Jenny Lawson for $1.99 Glutton for Pleasure by Alisha Rai for $3.99 Bibliophile: An Illustrated Miscellany  by Jane Mount for $1.99 Bad Day at the Vulture Club by Vaseem Khan for $0.99 The Frangipani Tree Mystery by Ovidia Yu for $3.99 The Female Persuasion by Meg Wolitzer for $1.99 We Sold Our Souls by Grady Hendrix for $1.99 Labyrinth Lost  by Zoraida Cordova for $3.82 The Book of Dust: La Belle Sauvage by  Philip Pullman for $2.99 Bäco: Vivid Recipes from the Heart of Los Angeles  by  Josef Centeno and Betty Hallock for $1.99 The Gurkha and the Lord of Tuesday by Saad Z. Hossain for $3.99 The Black Tides of Heaven (The Tensorate Series Book 1) by JY Yang for $3.99 Let it Shine by Alyssa Cole for $2.99 The Banished of Muirwood for $3.99 Let Us Dream by Alyssa Cole for $2.99 A Curious Beginning (A Veronica Speedwell Mystery Book 1) by Deanna Raybourn for $2.99 Romancing the Duke: Castles Ever After by Tessa Dare for $2.99 The Murders of Molly Southbourne by Tade Thompson for $3.99 Feel Free by Zadie Smith for $3.99 Mapping the Interior by Stephen Graham Jones for $3.99 Shuri (2018 #1)  by Nnedi Okorafor for $1.99 The Only Harmless Great Thing by Brooke Bolander for $1.99 The Black Gods Drums by P. Djèlí Clark for $1.99 Gods, Monsters, and the Lucky Peach by Kelly Robson for $1.99 My Soul to Keep by Tananarive Due for $0.99 All Systems Red: The Murderbot Diaries by Martha Wells for $3.99 Jade City by Fonda Lee for $2.99 Silver in the Wood by Emily Tesh for $3.99 Storm Front  by Jim Butcher (Book One of the Dresden Files)  for $2.99 Guapa  by Saleem Haddad for $1.99 Hogwarts: an Incomplete and Unreliable Guide  by J.K. Rowling  for $2.99 Short Stories from Hogwarts  by J.K. Rowling  for $2.99 The Paper Magician by Charlie N. Holmberg for $1.99 The Girl with the Red Balloon by Katherine Locke  for $1.99 Half-Resurrection Blues by Daniel José Older for $2.99 Cant Escape Love by Alyssa Cole for $1.99 Leaves of Grass by Walt Whitman for $0.99. The Haunting of Tram Car 015 by P. Djèlí Clark for $3.99 A Quiet Life in the Country by T E Kinsey for $3.99 Empire of Sand by Tasha Suri for $4.99 Life and Death in Shanghai by Nien Cheng for $4.99 Binti  by Nnedi Okorafor for $1.99 Binti: Home  by Nnedi Okorafor for $2.99 Binti: The Night Masquerade by Nnedi Okorafor for $3.99 Instant Pot ®  Obsession: The Ultimate Electric Pressure Cooker Cookbook for Cooking Everything Fast by Janet A. Zimmerman for $2.99 Tell the Truth Shame the Devil by Lezley McSpadden with Lyah Beth LeFlore for $0.99 Magic Bites by Ilona Andrews for $2.99 Once Ghosted, Twice Shy by Alyssa Cole for  $1.99 Whatever Happened to Interracial Love? by Kathleen Collins for $3.99 In Search of Lost Time: Volumes 1-7  by Marcel Proust  for $0.99 Prime Meridian  by Silvia Moreno-Garcia for $3.99 The Mirror Empire by Kameron Hurley for $2.99 Soy Sauce for Beginners by Kirstin Chen for $3.99 Silver Phoenix by Cindy Pon for $2.99 George by Alex Gino for $3.99 Destinys Captive by Beverly Jenkins for $1.99 A Rogue By Any Other Name by Sarah MacLean for $1.99 The Price of Salt by Patricia Highsmith Sign up for our Book Deals newsletter and get up to 80% off books you actually want to read.

Sunday, May 24, 2020

The Significance Of The Civil War - Free Essay Example

Sample details Pages: 2 Words: 647 Downloads: 4 Date added: 2019/05/17 Category History Essay Level High school Tags: Civil War Essay War Essay Did you like this example? The American Civil War is the first real modern war in America. Most of the technology and weaponry used in the Civil War can be traced back to the Industrial Revolution era. The Industrial Revolution was a time of profound transformation that resulted in new manufacturing processes. Don’t waste time! Our writers will create an original "The Significance Of The Civil War" essay for you Create order It was a time of intense change that occurred in new manufacturing processes. By the mid-19th century, mass production industries have been developed mainly in the North, which led them to control a majority of the factories. In 1860, most of the southerners worked in agriculture. The cotton industry was also booming in the southern region. The differences between the two were enough to separate each other into two sides. The issue with slavery is what set the stage for conflict between the North and South. The industrial technologies transformed from peacetime to war. The war started in April of 1861. The first battle took place at the Fort Sumter, and the south ultimately won the fight. However, three days after the Confederate attack, President Lincoln called upon the right states to supply more than 70,000 soldiers to suppress the rebellion. (466) In the same month the state of Virginia, North Carolina, Tennessee, and Arkansas joined the Confederacy. West Virginia decided to split apart from Virginia to stay with the Union. In America: The Essential Learning Edition, David Shi and George Tindall state the main reason the North gain victory in the following quotation: The Union produced 97 percent of the firearms and 96 percent of the railroad equipment. (468) Using these resources, it gave the North an advantage in weaponry and in transportation, which led them to win the Battle of Rich Mountain. The Bull Run took place in Manassas of July 1861 and ended up giving victory to the South. This victory is where the nickname Stonewall was given to T homas Jackson. Jackson was a commander of a Confederate brigade at Bull Run, he then later died due to friendly fire. By this time, the North realized that this war was going to be serious business. Continuing from September, President Lincon issues the Emancipation Proclamation. Increasingly, President Lincoln came to see that winning the war required ending slavery. He justified the Emancipation Proclamation of 1862 as a military necessity because it would deprive the South of its captive labor force. Although the Emancipation Proclamation proclaimed the intention of eliminating slavery, it saved only those in regions still under Confederate command. The Union government proved much more capable with finances than did the Confederates. Through a series of tariffs, income taxes, bond issues, and banking reforms, the Union was able to absorb wars souring costs. The Unions victories at the Battles of Vicksburg and Gettysburg in July 1863 were a significant turning point of the war. The methods of the war were defined. The Southerners were primarily optimistic once the war began. The Confederates had a geographic advantage and were fighting a defensive battle on their territory. Confederate diplomacy conjointly anticipated tremendous support from Britain and France, support that never materialized The Union, however, held strong advantages regarding population and industrial development. The Union began a campaign to take the Confederate capital in, Richmond, Virginia in wishes for a fast victory. The Union then chose the Anaconda Plan, that concerned imposing a naval blockade on southern ports. The significance of the Civil War was important. The Civil War involved the largest number of casualties of any American war. The Unions victory changed the course of development in the nation. Most important, the Civil War brought about the destruction of slavery. Not only did the power of the federal government increase as a result of the war, but the center of political and economic power shifted away from the South and the planter class. The Republican-controlled Congress enacted many pieces of legislation favored by northern voters that would drive the national economic development for the rest of the century.

Wednesday, May 13, 2020

Prince Of The Red Death - 1384 Words

After the Red Death had demolished the country, Prince Prospero invited one thousand of his friends to a masquerade, in order to escape the Red Death, ...and while the pestilence raged most furiously abroad, that the Prince Prospero entertained his thousand friends at a masked ball of the most unusual magnificence (Poe 1). Poe indicates that Prince Prospero shielded his noble friends, as the Red Death continued to decrease the population. Prince Prospero and his fellow nobles were among the upper class and lived an affluent life in the court. 2.) In Prospero s abnormally designed castle, there were seven rooms that each had a different color, for example, in blue--and vividly blue were its windows. The second chamber was purple in its ornaments and tapestries, and here the panes were purple. The third was green throughout, and so were the casements. The fourth was furnished and lighted with orange-- the fifth with white-- the sixth with violet. The seventh apartment was close shrouded in black velvet tapestries that hung all over the ceiling and down the wall (Poe 1). The color of each of the seven rooms represents several main ideas relating to the story. The blue room depicts a new beginning, as it starts from the eastern wing of the castle. While the purple room illustrates wealth and nobility, the green room represents growth, as it can relate to the outburst of growing grass. As the colors red and yellow mix to form orange, the orange room portrays Poe s use ofShow MoreRelatedMasque Of The Red Death Analysis804 Words   |  4 Pages Death is a terrifying prospect for most people , imagine being face to face with it. In Edgar Allan Poe’s â€Å"Masque of the Red Death†, the revelers were in this very situation. Prince Pospero’s country was devastated by the Red Death. A plaque that resulted in a painful, gruesome, death. Prince Pospero being the selfish uncaring man he is, locked himself and a thousand of his lighthearted friends in his abbey to hide from the Red Death. After 6 months of seclusion Prince Pospero throws a masqueradeRead MoreComparative Essay- Rachel Orbach In â€Å"The Masque of the Red Death† by Edgar Allan Poe, and â€Å"To900 Words   |  4 PagesComparative Essay- Rachel Orbach In â€Å"The Masque of the Red Death† by Edgar Allan Poe, and â€Å"To Build a Fire† by Jack London, both authors use similar protagonists who unwillingly have to face their death. Prince Prospero, in â€Å"The Masque of Red Death†, is avoiding a deadly plague by hiding in his castle with his kinsmen, and the man in â€Å"To Build a Fire† is traveling in the freezing weather trying to abstain from hypothermia and death. Prince Prospero and the man, while different from one another,Read MoreThe Death Of The Red Death By Edgar Allan Poe1633 Words   |  7 Pages Prince Prospero in Masque of the Red Death written by Edgar Allan Poe is a Prince of his kingdom who escapes and eludes the Red Death sweeping throughout his kingdom killing all it comes into contact with. Prospero s fight or flight reaction, a built in mechanism inside all humans and his reaction to fear of his own death ultimately lead to his downfall and instead of keeping him alive prove unable to beat the elutable and all mighty red death. Picture a scenario where you are put to the testRead More The Masque of the Red Death879 Words   |  4 Pages â€Å"The Masque of the Red Death† is an extraordinary story of many elements that can grasp any readers attention. This story targets more of the emotions and actions of the characters, creating more of a fathom. Edgar Allan Poe wrote this story from his own perspective and perhaps succeeded in getting the reader to some what relate to the characters focusing on the feelings. The point of view Poe wrote this in makes a cl ear understanding. The point of view Edgar wrote this in is very effectiveRead More Use of Contrasts in Poes The Masque (Mask) of the Red Death569 Words   |  3 Pagesof the Red Death  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   There were buffoons, there were improvisatori, there were ballet-dansers, there were musicians, there was beauty, there was wine. All these and security within. Without was the Red Death. (Poe, 209) In the short story, The Masque of the Red Death, Edgar Allen Poe uses the sanctity within the abbey walls to juxtapose the harshness and inescapable nature of the Red Death. The author uses the contrasts between the abbey and the Red Death to revealRead MoreMy Favorite Work of Edgar Allen Poe Masque of the Red Death Essay630 Words   |  3 Pagesâ€Å"The Masque of the Red Death,† I found that the â€Å"Masque of the Red Death† was my personal favorite. In this story, Edgar Allan Poe enthralled the reader with his entire concept, symbols, and the way he infused history into the interesting and haunting story. I believe that Edgar Allan Poe did a wonderful job of portraying the effects of the horrible disease Red Death. Poe used a concept everyone knows of, a party, to display how sneaky and powerful the death was. Prince Prospero was the protagonistRead MoreEssay on The Masque of the Red Death: Symbolism1419 Words   |  6 Pagesillusion or misdirection keeps the reader is suspense throughout this story called The Masque of the Red Death. Symbolism such as the colored rooms, the impressive clock, the feeling of celebration being at a party all makes this story feel like a fairytale. Poe used this fairytale style and converts it into a nightmare in disguise. In the Masque of the Red Death, the first sentence, The Red Death had long devastated the country, sets the tone for the whole story. Poe describes the horrors ofRead MoreThe Pit And The Pendulum And Masque Of The Red Death1573 Words   |  7 PagesMasque of the Red Death† October 16, 2014 On my honor as a Brentwood Academy student, I have neither given nor received help on this assignment. I pledge that the work and ideas in this paper, unless otherwise cited, are mine alone. X_______________________________________________________ Purpose Statement: To write a 900 word analytical essay over Edgar Allan Poe’s short stories, â€Å"The Pit and the Pendulum† and â€Å"The Masque of the Red Death† Outline I. Introductory Paragraph A. Death is an importantRead MorePowerless to Evade the Grip of Death in Poes The Mask of the Red Death621 Words   |  3 PagesIs it possible to evade death during a massive plague that is killing millions? Edgar Allan Poe uses setting, theme and plot in the â€Å"Mask of the Red Death† to illustrate that no one can escape death. Death is everywhere either someone dies or experiences a loss in there lifetime. The mask of the red death is an allegory, which means that is a short story with two meanings. The short story uses literal elements such as plot and the colors of the room. It also has a large philosophical meaning likeRead MoreSymbolism In The Masque Of The Red Death708 Words   |  3 PagesDeath is something everyone frets on a daily basis. Edgar Allan Poe stresses how death is an unavoidable reality in his short story â€Å"The Masque of the Red Death†. Prince Prospero, a lying, cowardly, untrustworthy leader pretends to be helping his town as people are sud denly dying off from the Red Death, when he is actually just protecting himself and leaving his town helpless. This story is shown through the use of many symbols and events. Ultimately Poe utilizes symbolism in order to convey the

Wednesday, May 6, 2020

Topics to Evaluate Secrets That No One Else Knows About

Topics to Evaluate Secrets That No One Else Knows About Getting the Best Topics to Evaluate Each dissertation these topics will let you create an original and ambitious dissertation that will donate to the present knowledge of your subject location. Since there are lots of objects and phenomena we can assess, an evaluation essay can be written on an array of topics. Where graduate students get completely free dissertation help. Don't opt for a trendy new French restaurant if you don't have any idea what French cuisine should taste like. It's also helpful to present the opposite perspective. It can be quite hairy to narrow down the list of likely future capabilities. You won't remember all the particulars. Topics to Evaluate - the Conspiracy Having said this, it might be asked to use an ideal title in the name. The name should remain right in the center of the internet web page. The title ought to be entered the font that's regular the exact same as all the other nations in the text. Evaluate the newest version of your favourite smartphone. Topics to Evaluate at a Glance The proportion of men and women who need to be very competent in mathematics has at all times been and will continue to be small, but nevertheless, it won't get smaller. The judges shouldn't be restricted to accepting or rejecting the idea. Find out how to write quality paragraphs so you get your point across. Consider the criteria you're likely to use to earn your judgment. In evaluation essays, the thesis should argue the worth or deficiency of value of your specific topic depending on the criteria you'll later establish. Anyhow, it's crucial, because it is due to plagiarism and discipline. The entire world can help you to answer your question or solve the issue. When you pick a topic, the banking step is to make an outline. If you really need to narrow your subject, you might write about a particular individual, like a musical artist who focuses on society or culture. Whether you wind up speaking about topics within this zone by strategy or by luck, you're in an outstanding place to succeed. These tips may helpful no matter your function in the discussion. Provide background information regarding your topic or subject before you get started evaluating. Each topic should have its own heading before continuing on to the next topic so the last paper can be read without difficulty. These topics are an indication of important topics of current interest within the field. Ideally, your sales people would play the part of customers and non-sales individuals would play the function of sales people. There are certain standards you expect from the phone based on just what the provider states the phone can do, and there are certain standards you expect from the service the business is offering dependent on the firm's own info. Your company shouldn't be implementing ideas which are likely to be costly failures. When choosing your subject, you're likely to want to concentrate on a particular company, product, policy, or business. It's also about reviewing ideas to be able to r ecognize those which are most likely to develop into successful innovations. Progress Registration field to indicate what type of progress you would like to record. Free range parenting because you can see, there are an excellent number of useful, informative and intriguing topics to write about and evaluate. The majority of the expressed terms will need to start with capitals. The Good, the Bad and Topics to Evaluate Elaborate guide about how to begin an essay After an instructor assigns an essay, among the very first questions that students ask is the best way to begin their essays. Such terms really ought to be italicized within the title and through the full essay. In the center of the introduction, you'll need to totally explain the statistic and the way that it applies to the remaining part of the essay, especially the thesis. You should name your organization in the introduction and the 3 topics you're writing about. An employee who takes ownership of assigned tasks and can determine ways to get things done is an excellent asset. For each employee, you want to think of performance standards and goals. If everyone receives the very same positive performance review regardless of what they do, employees are going to have little incentive to do their very best. The evaluation procedure will seem fairer to your workers if they've got an opportunity to share their concerns, too.

Tuesday, May 5, 2020

Ethics in Accounting Essay Example For Students

Ethics in Accounting Essay EthicsinAccounting Assessing the Role of Ethicsin, and the Impact of Recent Issues on, the Practice of Accounting: An Analysis of Unethical and Illegal Practices Leading to the Downfall of Corporations and Companies By: October 12, 2016BAF3MUnit 19 20 (Accounting Careers and Ethics)Mrs. HruskaAn Analysis of Unethical and Illegal Practices Leading to the Downfall of Corporations and Companies The two main jobs of an accountant are to classify and record financial information and to provide useful financial information to assist in decision-making. This information is used by people around the world to make decisions that affect both the company the accountant works for and the person that makes the decisions in the first place. Through the accounting system, it is possible for an accountant or company to purposely change or fake information which could lead to a profit for the company. This practice is both illegal and unethical. In the past 20 years, numerous corporations and compan ies have been caught by auditors, almost always leading to the bankruptcy of said corporation/company. I will analyze the actions of ENRON, Adelphia Communications, andWorldCom that, in the end, caused significant losses or bankruptcy. Finally, I will discuss possible solutions for these problems, small steps businesses can take to avoid repeating the mistakes of the past. Enron was an American energy company founded in 1985. It was one of the biggest energy companies ever, claiming to have over 100 billion dollars of revenue. In 2001 it filed for bankruptcy. What went wrong? Well it turns out that Enron was actually hiding billions of dollars in debt in off-the-balance-sheet accounts, accounts that dont need to be shown on the balance sheet. The executives at Enron cooked the books, using loopholes in accounting and poor financial records which eventually lead to the public noticing. In 5 months Enrons stock fell from $90 to $1 and soon after Enron was bankrupt. This caused thousands of people their jobs. The government learned from this and new laws were put in place to make a second Enron scandal more difficult. Adelphia Communications was a cable television company in Pennsylvania. Founded by JohnRigasin 1952, it quickly became the fifth largest cable company in all of the United States.OvertimeRigas family started other businesses such as the Family-Owned farm, an interior design shop, and a private car dealership. In 2002, JohnRigaswas sentenced to 15 yearsinjail at the age of 78 for multiple accounts of fraud including violation of the RICO act, waste of corporate assets, breach of contract, conversion of corporate assets, among others. Soon after, Adelphia went bankrupt.Rigastransferred 2.3 billion dollars in funds from the company to himself. These were made through journal entries that gave Adelphia more debt and theRigasesmillions of dollars of cash or other assets at no cost at all. By manipulating the books to meet expectations of auditors, analysts and investors he was also able to inflate the stock price or the company. Revenues from Adelphia were taken from the company and used for the familys personal expenses.Rigasalso used the previously mentioned other companies to make fake transactions to his smaller companies that would then go directly to his personal account. For example,Rigasused his car dealership to lease vehicles to Adelphia atan inflated price; most of the time Adelphia wouldnt even receive the vehicles. On a balance sheet or incomestatement,the transaction would lookfine, perfectly legal and ethical. However, this transactionwas justa method to transfer money from the company to theRigasfamily and avoid detection from auditors. Even after all this,Rigasstill wanted more money so he would journalizetransactions with fake companies. Thereby keeping the accounts in balance; taking the money going to the fake companies for himself. .u2e8306352c63a85f1334d1f3313c9a35 , .u2e8306352c63a85f1334d1f3313c9a35 .postImageUrl , .u2e8306352c63a85f1334d1f3313c9a35 .centered-text-area { min-height: 80px; position: relative; } .u2e8306352c63a85f1334d1f3313c9a35 , .u2e8306352c63a85f1334d1f3313c9a35:hover , .u2e8306352c63a85f1334d1f3313c9a35:visited , .u2e8306352c63a85f1334d1f3313c9a35:active { border:0!important; } .u2e8306352c63a85f1334d1f3313c9a35 .clearfix:after { content: ""; display: table; clear: both; } .u2e8306352c63a85f1334d1f3313c9a35 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u2e8306352c63a85f1334d1f3313c9a35:active , .u2e8306352c63a85f1334d1f3313c9a35:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u2e8306352c63a85f1334d1f3313c9a35 .centered-text-area { width: 100%; position: relative ; } .u2e8306352c63a85f1334d1f3313c9a35 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u2e8306352c63a85f1334d1f3313c9a35 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u2e8306352c63a85f1334d1f3313c9a35 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u2e8306352c63a85f1334d1f3313c9a35:hover .ctaButton { background-color: #34495E!important; } .u2e8306352c63a85f1334d1f3313c9a35 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u2e8306352c63a85f1334d1f3313c9a35 .u2e8306352c63a85f1334d1f3313c9a35-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u2e8306352c63a85f1334d1f3313c9a35:after { content: ""; display: block; clear: both; } READ: Diabetes Essay During the 1980s, when the telecommunications industry was rising, WorldCom was founded and the corporation steadily increased in size, mainly because of the demand. However, in 2000, WorldCom (and its stock) suffered great losses when its proposed merger with Sprint was denied. To stop further losses CEO Bernard Ebbers decided to enhance the truth and increase WorldComs revenue so that the stock wouldnt go down.He inflated the revenues by adding bogus accounting entries so that it would look like the company is making ginormous profits.Another way Ebbers achieved his goal would be booking standard expenses as capital expenditures (allowing them to essentia lly be treated as small expenses over time). It is expected that this quickly accumulated to 11 billion dollars in inflated assets. After being found out, Ebbers was sentenced to 25 years in jail for fraud, conspiracy, and filing false documents. 30 000 jobs were lost and a total of $180 billion was lost from investors. Following theabovescandals, congress passed the Sarbanes-Oxley act, (a.k.a.Corporate and Auditing Accountability and Responsibility Act)introducing theexpanded set of laws governing accounting and the associated proper procedures while also adding a criminal penalty making it much easier to prosecute people in cases such as the ones previously discussed.This has also indirectly affected the accounting curriculum. An accounting student may find that they need to write essays like the one you are currently reading on ethical practice in accounting in an effort to prevent future accounting scandals by educating students about the topic. Finally,it is important for a modern-day business to be aware of ways to avoid accounting fraud; as well as accounting students and accountants so that they dont (knowingly or accidently) cause their company to go down in history as the next WorldCom. Firstly, a company should hire unbiased experts to review their records (like certified fraud examiners).Secondly, companies should have ananonymous reporting mechanismto report employee fraud. Lastly, it is imperative to follow internal control procedures and have a strong control system.A separation of duties allows accountants to essentially check each others work, making it difficult for any errors to be missed and fraud would be found quickly. Sources: The Worst Accounting Scandal of All Time.Accounting-Degree.org,http://www.accounting-degree.org/scandals/. Investopedia.Enron Scandal: The Fall of a Wall Street Darling.Investopedia, July 2016,http://www.investopedia.com/updates/enron-scandal-summary/. Nisen, Max. Watching For Fraud Red Flags Can Seriously Boost Portfolio Returns. Business Insider, Business Insider,Inc, 2013,http://www.businessinsider.com/corporate-fraud-red-flags-2013-6. Cfo.Adelphia,RigasFamily Settle Fraud Case -.CFO, 2005,http://ww2.cfo.com/accounting-tax/2005/04/adelphia-rigas-family-settle-fraud-case/. Tran, Mark.WorldCom Accounting Scandal.The Guardian, Guardian News and Media, Sept. 2002,https://www.theguardian.com/business/2002/aug/09/corporatefraud.worldcom2. CGMA, Stephen Reed CPA PSA.Six Strategies for Fraud Prevention in Your Business.Six Strategies for Fraud Prevention in Your Business,http://www.cgteam.com/blog/six-strategies-for-fraud-prevention-in-your-business.