Thursday, December 26, 2019
WorldCom and The Mississippi Scheme Scandals Essay
WorldCom and The Mississippi Scheme are both large financial scandals that have occurred. WorldCom was a telecommunication company that overstated their cash flow by reporting $7.6 billion in operating expenses as capital expenses. WorldCom is the largest accounting scandal in US history as of March 2002. The Mississippi Scheme was a business scheme that destroyed the economy of France during the 1700ââ¬â¢s. The scheme involved the loss of paper moneyââ¬â¢s purchasing power as a result of asset inflation. Both WorldCom and The Mississippi Scheme were frauds involving manipulation to create higher stock prices and dubious practices within the organizations to keep the public unaware. Bernie Ebbers was the founder and CEO of WorldCom. Heâ⬠¦show more contentâ⬠¦Buford Yates Jr. was the accounting director of WorldCom. He instructed the accountants to adjust financial records as the company was failing. He was acting on orders from his superiors. Betty Vinson was the director of management reporting at WorldCom. Troy Normand was the director of legal entity accounting. They made some of the fraudulent entries. They did this because they were pressured by there superiors. The Duke of Orleans became the Regent of France in 1715 and served as the ruler while the heir to the throne was a minor. Regent knew of John Laws financial expertise and asked for his advice and assistance in straightening out Frances financial mess left over from years of uncontrolled spending under Louis XIV. The Regent approved Lawââ¬â¢s scheme and allowed it to happen. John Law was the founder of the Mississippi Scheme. He was the Controller General and Superintendent General of Finance which gave him control of all of Frances finances and money creation. He also controlled the company that handled all of Frances foreign trade and colonial development. The scheme he came up with was a bank that would pay off the national debt, increase the reveà ¬nue, and at the same time diminish the taxes. His bank would receive deposits of all the coin and in exchange give its bills. The bills were worth set value, earning interest, and were payable on deà ¬mand. The bills would take the place of coin and were to be a better and moreShow MoreRelatedAccounting Scandals Of Enron Company1070 Words à |à 5 PagesBaasit Kazi Ms. Bogert College Accounting 1-1B 28 April, 2015 Accounting Scandals Reflection Enron was founded in July of 1985. Enron was an electricity and natural gas company which was a fortune 500 company and it was ranked the sixth largest energy company in the world. Enronââ¬â¢s stock went from a peak of $90.75 to $0.67. This was very detrimental to stockholders. Enronââ¬â¢s top executives sold their stock a long time before the stock price fell. A lot of lower level employees could not sell theirRead MoreCorporate Background Of Worldcom Company Essay1322 Words à |à 6 PagesCorporate Background WorldCom, now known as MCI, began humbly as an obscure long distance telephone company, LDDS Communications, in 1983, and rose to the second largest long-distance phone company in the United States and one of the largest companies handling worldwide Internet data traffic, with an aggressive corporate strategy of growth though acquisition (Moberg, and Romar. ââ¬Å"WorldComâ⬠¦Ã¢â¬ ) With its corporate headquarters located in Clinton, Mississippi, WorldCom consisted of an employee base ofRead MoreWorldcom Creative Accounting4601 Words à |à 19 Pagesto indulge in these practices is anticipation of rewards which may include higher share prices, improved credit rating resulting in lower borrowing costs, higher incentive compensation for executive management etc. Some of the creative accounting schemes perpetrated by companies include improper revenue and expense recognition, faulty accounting in connection with business combinations, and wrongful use of off- balance-sheet arrangements. . Listed companies engage in creative accounting practicesRead MoreWorldcom Case Study16775 Words à |à 68 PagesAn Ethical Dilemma at WorldCom: A case study of Cynthia Cooper The Scenario One May afternoon, while sitting in his cubicle at WorldCom Inc. headquarters located in Clinton, Mississippi, Gene Morse was stunned to find an accounting entry for $500 million in expenses, which was not accounted for with any invoices. He immediately reported this entry to his boss, vice president of internal audit Cynthia Cooper (Pulliam Solomon, 2002). Little did they know at the time that this discovery would beginRead MoreContemporary Issues in Management Accounting211377 Words à |à 846 Pagessatisfy the remaining constraint, equation (2), it would be suYcient to pay the agent an amount s such that U (s) à ¼ U à ¾ V (a). On the other hand, if the agent is self-interested and the constraint in equation (3) cannot be dropped, the above payment scheme might not satisfy equation (3) and, therefore, might not be suYcient to motivate the agent to take the principalââ¬â¢s desired action choice. 24 BAIMAN To better understand the trade-oVs in the hidden action problem when the agent is selfinterestedRead MoreProject Mgmt296381 Words à |à 1186 Pagesdirectly support the organizationââ¬â¢s long-run mission. They frequently are directed toward increasing revenue or market share. Examples of strategic projects are new products, research, and development. For a good, complete discussion on classification schemes found in practice, see Crawford, Hobbs, and Turne. The strategic value of a proposed project must be determined before it can be placed in the project portfolio. Under rare circumstances, there are projects that ââ¬Å"mustâ⬠be selected. These complianceRead MoreManagement Course: MbaâËâ10 General Management215330 Words à |à 862 Pagesundergraduate. His commitment to social reform already was deep, and his experiences were broad. Raised in a devout Catholic family, he had worked in rural Mexico for a church relief organization and had taught in a school for black children in Mississippi. He was proud, cocky, and defiant. It was his ability to articulate his rage, (continued) 80 HughesâËâGinnettâËâCurphy: Leadership, Fifth Edition I. Leadership is a Process, Not a Position 2. Interaction between the Leader, the FollowersRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words à |à 1573 Pagesof North Texas Mary Saunders, Georgia Gwinnett College Andy Schaffer, North Georgia College and State University Elizabeth Scott, Elizabeth City University Mark Seabright, Western Oregon University Joseph Seltzer, LaSalle University John Shaw, Mississippi State University John Sherlock, Western Carolina University Daniel Sherman, University of Alabama, Huntsville Heather Shields, Texas Tech University Ted Shore, California State University at Long Beach Stuart Sidle, University of New Haven Bret
Wednesday, December 18, 2019
Mystery of Who Killed John F Kennedy - 1483 Words
Due to the vast speculations of the assassination of John F. Kennedy on November 22, 1963 in Dallas, Texas the mystery of what really happened still lies amongst us today. From theory to theory there is no telling what the true motive in killing the President really was. Among the various theories are those that involve the Chicago mafia, Lee Harvey Oswald attempting the murder by himself, and the left and right wing factions of the U.S. government. After several investigations, there is no real proof, for any one of these theories. On November 22, 1963, Kennedy rode in an open limousine, accompanied by his wife Jacqueline Kennedy. Texas governor the Connallys were seated in front of the Kennedys, with the governor sitting in front ofâ⬠¦show more contentâ⬠¦According to many, it was previously believed that the Chicago mobsters might have orchestrated the plan to assassinate President Kennedy (Latest JFK Theories 3). On one hand, JFK critically used the mob to win the election as well as to take care of business or to do the Presidents dirty work. On the other hand, JFK employed Robert F. Kennedy as Attorney General to prosecute and get rid of the mafia leaders. Although the Chicago mafia might have been responsible for ordering the hit on JFK, it is still unclear to see whether they were influenced or assisted by some members of the CIA or some other sort of government agency (Lasted JFK Theories 1). So who killed JFK? As soon as the President passed speculations of Lee Harvey Oswald being responsible , the Presidents death rose among Americans. When people started to get suspicious about the mystery involving the murder, President Lyndon B. Johnson dispatched the Warren Commission. This was commanded to investigate and silence all doubts concerning the mystery around the murder of JFK. The Warren Commission established a single bullet theory. This stated that two of the Presidents wounds, and all five of Governor Connallys were caused by a magic bullet, The commission proposed that a single bullet fired from the depository building struck President Kennedy in the base of the back of his neck, exited from his throat, and then passed downward through governor Connallys back, chest, wrist, andShow MoreRelatedEssay on The Mystery of the JFK Assassination816 Words à |à 4 PagesThe Mystery of the JFK Assassination The assassination of JFK affected the lives of many that were alive during his presidency and forever impacted history. His assassination is shrouded in mystery, and to this day no one knows exactly what happened. He was the youngest elected president, and the youngest president to die in office. JFK was many things. Among these, he was the youngest president, youngest president to die in office, and the first Roman Catholic president (Merriam Websters). SinceRead MoreThe Mystery of the JFK Assassination744 Words à |à 3 PagesÃ¢â¬Æ' The Mystery of the JFK assassination The assassination of JFK affected the lives of many that were alive during his presidency and forever impacted history. His assassination is shrouded in mystery, and to this day no one knows exactly what happened. He was the youngest elected president, and the youngest president to die in office (The White House) JFK was a civil rights activist, because this was well known he had made enemies with many southerners in that time period. Despite these enemiesRead MoreThe Kennedy Assasination Mysteries Essay1401 Words à |à 6 PagesThe Kennedy Assasination Mysteries The Kennedy assassination was a huge part of the 1960s. It still is today due to the lack of information. This lack of information has caused the real truth to become hazy. There are numerous books, web sites, and reports that are filled with stories of conspiracy and lies that were supposedly involved in the Kennedy assassination. This is one of those papers. However, this paper is committed to the research of the truth. The truth being that Lee HarveyRead MoreJohn F. Kennedy Assassination1618 Words à |à 7 PagesJohn F. Kennedy Assassination Was John F. Kennedyââ¬â¢s assassination a single shooter or was it a conspiracy? Since November 22, 1963 people around the world have wondered who it was that shot President Kennedy, and what for. So many questions have formed around this event, not just about who the shooter was, but also questions like what might the world have been like today if the shooting didnââ¬â¢t happen? The Kennedy assassination has been a mystery for many years. A lot of people hear about the differentRead MoreThe Assassination Of The War And Formation Of Civil Rights1550 Words à |à 7 Pagesbeyond the person who is killed. Assassinations have been rampant across the globe for ages and these assassinations do cause lots of political instabilities in a country especially when key personalities such as heads of states are the victims. In this essay, we shall discuss some of the major assassinations which occurred in history. These personalities include John Fitzgerald Kennedy, Martin Luther King, Abr aham Lincoln, Julius Caesar and Robert F. Kennedy. John Fitzgerald Kennedy At the timeRead MoreA Look into the Assassination of JFK981 Words à |à 4 PagesJohn Fitzgerald Kennedy was born on May 29th, 1917 in Brooklyn, Massachusetts. He was named after his grandfather, John Francis Fitzgerald, who happened to also have a career in politics as the mayor of Boston, Massachusetts. He had 8 siblings, three brothers and five sisters. His parents were Patrick Joseph Kennedy and Rose Kennedy. His early life in Massachusetts helped shape him into one of the greatest presidents America has ever had. Kennedy was an especially bright young man with many talentsRead MoreKennedy s Conspiracy Conundrum By John F. Kennedy1504 Words à |à 7 PagesKennedy s Conspiracy Conundrum Ask not what your country can do for you, ask what you can do for your country. These few words are some of John F. Kennedy s most famous; they were given in his Inaugural Address on January 20, 1961. He would serve, as some say, the most difficult presidential term, enduring the Cuban Missile Crisis and the Bay of Pigs. He would also pass some of the most beneficial laws such as housing for the public, minimum wage policy, and social security. Unfortunately, hisRead MoreAssassination Of John F. Kennedy1168 Words à |à 5 PagesAssassination of John F. Kennedy In the city of Dallas, Americaââ¬â¢s thirty-fifth and first Catholic president of the United States died from two bullet shots to his skull, on November 22, 1963. John Fitzgerald Kennedy had not even served a full term of presidency when the assassination took place, and was in the middle of campaigning for a second term. Near the beginning of JFKââ¬â¢s presidency, back in 1961, he saw greatness in the new generation, as they were the key to improving America. Kennedy wanted toRead MoreAssassination Of Jfk. In The Assassination Attempt On John1345 Words à |à 6 PagesAssassination of JFK In the assassination attempt on John F. Kennedy, the 35th President of the United States of America, on 22 November 1963 in Dallas, Kennedy (1917-1963) was fatally shot by Lee Harvey Oswald. As a suspect, Lee Harvey Oswald (1939-1963) was arrested and killed two days later by the nightclub owner Jack Ruby (1911-1967) in police custody. Kenny s successor, Lyndon B. Johnson, the Warren Commission concluded that Oswald was the only culprit. A later convicted investigativeRead MoreThe Legacy Of John Fitzgerald Kennedy1748 Words à |à 7 PagesInaugurated in January of 1961, John Fitzgerald Kennedy (or ââ¬Å"JFKâ⬠) was the youngest president to ever hold office, as well as the first catholic. Following a heroic tour in the Navy during World War II, with the backing of his fatherââ¬â¢s immense wealth JFK abandoned a career in journalism to fulfill his deceased brotherââ¬â¢s dream of becoming the first catholic president (Freidal and Sidey). After writing two best-selling books and rapidly advancing through political offices, Kennedy ran for president in the
Tuesday, December 10, 2019
Mental Illnesses Essay Example For Students
Mental Illnesses Essay There is a wide range of problems considered psychological disorders. Each is very different, and very complex in its own rite. Over 20 million Americans suffer from some sort of mental disorder, such as depression, anxiety disorders, OCD, and schizophrenia (Roleff 50). Most people understand that these disorders are quite difficult to live with, and indeed misfortunate. However, there simply is not enough known about Mental Illnesses Essay to make the public acutely aware of how serious these disorders really are. Each disease is very different, with different causes, different symptoms, and different treatment needed, but far too often the mentally ill are lumped into a singular category as crazy and left to rot. Fewer and fewer of the mentally ill are being hospitalized, which is the only solution for some (Roleff 72). Did you know that, in a survey conducted toward normal people only a few years ago depicted: 43% of people belive that mental illness is brought on by the sufferer. 71% of those surveyed believe mental illness is caused by emotional weakness. 65% believe that mental illness is caused by bad parenting. (Sheilds 9) No wonder some scientists blow off mental illness as just a way to escape consequences to your actions (Roleff 42). . We need to stop trying to place blame and work on getting more help for people who need it. In order for those afflicted with mental illness to be better understood and treated, we need to be more aware of an illnesses causes, symptoms, and special needs. There are two major categories of mental illnesses-those which affect solely the mind, and those which have bodily repercussions. Examples of mental illnesses with severe mind effects are clinical depression, schizophrenia (Hebephrenic and paranoid), and mania. Examples of disorders with mental as well as physical consequences are catatonic schizophrenia, eating disorders, and another very serious disease called Fragile X Syndrome. This disease causes severe mental problems during young childhood, and eventually leads to brain degeneration. It starts in the mind and begins to eat at the body (Bishop B4). This disease has a definite cause, however newly discovered- one in 10 males has a weak X chromosome, which can break off during very early fetal development, causing genetic information to be lost. This disease can be tested for early in pregnancy, and sufferers as well as carriers can be easily identified (Angier 22A). Soon after this discovery, a large number of males found to have fragile X syndrome were found in psych wards. Now that there is a definite cause for such a disease, there is much hope for a definite cure. But thats only one disease.. On top of all this, each person handles a disorder differently. For some people, depression is something they see a doctor and take medication for, and they are able to live their lives with minimal anguish. However, other people lay in bed, day after day, with each prescription taking place of the last in the line to numb the pain, as they contemplate death by their own handjust to stop the mental hurt (Young 44). Without excluding either side, there must be a happy medium reached, where everyone can get the help they need. The causes of mental illnesses are largely mysterious, that is, noone can ever tell for sure, since the disease is of the mind, not a physical part of the brain (Roleff 45). However, for each disease there are a number of proposed causes, and therapy is based upon these. Schizophrenia, a disease characterized by multiple personalities but no real personality of ones own, is one of the most serious mental illnesses known to scientists. There are different divisions of schizophrenics, as well, such as hebephrenics, who have childlike behavior and very silly attitudes but no real thinking, and catatonic schizophrenics, who are comatose but strike strange, statuesque poses and freeze for any amount of time (Young 40). This disease is said by psychologists to be caused by dysfunctional relationships between very young children and their mothers, while doctors tend to lean towards a more medical explanation: babies with low birth weight are more predisposed to schizophrenia (Preboth 2). 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Monday, December 2, 2019
Tourism Industry in India free essay sample
This gave India the fifth rank among countries with the fastest growing tourism industry. India has a large medical tourism sector which is expected to grow at an estimated rate of 30% annually to reach about ? 9,500 crore by 2015. In the year 2011, there were nearly 6. 29 million foreign tourist arrivals in India, up by over 8% from the year 2010 when 5. 78 million foreign tourists arrived in India. Domestic tourist visits to all states and Union Territories numbered 747. 70 million. The majority of foreign tourists come from the United States (16%) and the United Kingdom (12. %). In 2011 Maharashtra, Tamil Nadu and Delhi were the most popular states for foreign tourists. Domestic tourists visited the states Uttar Pradesh, Andhra Pradesh and Tamil Nadu most frequently. Chennai, Delhi, Mumbai and Agra have been the four most visited cities of India by foreign tourists during the year 2011. Worldwide, Chennai is ranked 41 by the number of foreign tourists, while Delhi is ranked at 50, Mumbai at 57 and Agra at 65. We will write a custom essay sample on Tourism Industry in India or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The Travel amp; Tourism Competitiveness Report 2011 ranked the price competitiveness of Indias tourism sector 28th out of 139 countries. It mentions that India has quite good air transport (ranked 39th), particularly given the countryââ¬â¢s stage of development, and reasonable ground transport infrastructure (ranked 43rd). Some other aspects of its tourism infrastructure remain somewhat underdeveloped however. The nation has very few hotel rooms per capita by international comparison and low ATM penetration. The Indian government has identified a shortage of 150,000 hotel rooms, with most of the undersupply in the budget sector. The Ministry of Tourism designs national policies for the development and promotion of tourism. In the process, the Ministry consults and collaborates with other stakeholders in the sector including various Central Ministries/agencies, state governments, Union Territories and the representatives of the private sector. Concerted efforts are being made to promote new forms of tourism such as rural, cruise, medical and eco-tourism. The Ministry also maintains the Incredible India campaign. Indias rich history and its cultural and geographical diversity make its international tourism appeal large and diverse. It presents heritage and cultural tourism along with medical, business and sports tourism. ABSTRACT Tourism today is the most vibrant tertiary activity and a multi-billion industry in India. Traditionally known largely for its historical and cultural dimensions, tourism today is highlighted for its immense business opportunities. With its lucrative linkages with transport, hotel industry etc. , the potential and performance of Indiaââ¬â¢s tourism industry needs to be gauged in terms of its socio-economic magnitudes. This paper traces the progress made by Indiaââ¬â¢s tourism industry in the planning era, and the emerging issues (like alternative tourism) under globalization. It examines the problems and challenges of the country as well as the pitfalls in tourism planning in India. The paper also makes some policy suggestions to address the constraints in promoting sustainable tourism in India. The Indian governments Incredible India tourism campaign and the information technology growth in India have been attracting millions of foreign tourists and business tourists to India. Medical tourism has also recently mushroomed in India. Tourism industry is a big foreign exchange earner in India, yet the industry still is hampered by Tourism development has always has been an integral part of the countryââ¬â¢s five-year plans. Initially allocations were meager: Rs. 3. 36 crore in the Second Plan,Rs. 5 crore in the Third Plan amp; Rs. 36 crore in the Fourth Plan. It was doubled in the Fifth Plan. The National Tourism Policy in 1982 gave a momentum to this sector. Expenditure rose from about Rs. 187 crore in the Seventh Plan to Rs. 95 crore in the Ninth Plan and further to Rs. 2900 crore in the Tenth five-year Plan. The Tourism Development Corporation, Tourism Finance Corporation, Hotel Management and Catering Technology Institutes, Food Craft Institutes, Indian Institute Tourism and Travel Management, India Tourism Development Corporation, Indian Association of Tour Operators, Travel Agents Association of India and a large number of hotel management colleges, s ports and adventure clubs, beach resorts etc have also contributed to the growth and development of this industry. Emphasis laid on HRD is clear. The first major effort to promote the industry was launched with the announcement of 1991 as the ââ¬ËVisit India Yearââ¬â¢. Enormous tourist resources were commercialized. The first ever Indian Tourism Day was celebrated on January 25, 1998. The year 1999 was celebrated as ââ¬ËExplore India Millennium Yearââ¬â¢ with a host of shows, exhibitions etc. The next decade saw the restructuring of the schemes of Integrated Development of Tourist Circuits, and Product/Infrastructure Destination Development. Additional schemes/incentives were announced for service providers. Upgrading of beaches, airports, tax incentives were also introduced. Besides creating an official website for the Tourism Ministry, now the calendar of events is planned. Even the new initiatives to encourage the NRIs and PIOs, through visit India programmes, Pravasi Bharatiya Divas celebration, Dual Citizenship to certain categories of diasporic Indians have given much fillip to tourism in India. Thanks also to the booming IT and outsourcing industry a growing number of business trips are made by foreigners to India, who will often add a weekend break or longer holiday to their trip. Foreign tourists, generally spend more in India than almost any other country worldwide. Tourist arrivals are projected to increase by over 22 per cent per year through till 2010, with a 33 per cent increase in foreign exchange earnings recorded in 2004. The Tourism Ministry has also played an important role in the development of the industry, initiating advertising campaigns such as the ââ¬Å"Incredible Indiaâ⬠campaign, which promoted Indiaââ¬â¢s culture and tourist attractions in a fresh and emorable way. The tourism industry has helped growth in other sectors as diverse as horticulture, handicrafts, agriculture, construction and even poultry. Indiaââ¬â¢s governmental bodies have also made a significant impact in tourism by requiring that each and every state of India have a corporation to administer support issues related to tourism. The tourism industry of India is based on certain core nationalistic ideals and standards which are: Swaagat or welcome, Sahyog or cooperation, Soochanaa or information, Sanrachanaa or infrastructure, Suvidha or facilitation, Safaai or cleanliness and Surakshaa or security. Commonwealth Games is the additional opportunity for the Travel Industry to gain some additional business, by offering special tour packages to the tourists. As per the reports, it is estimated that more than 3. 5 million tourists are going to reach India in 2010 to be a part of the eminent Commonwealth Games that are scheduled to be held in Delhi the capital city of India. It is the high time for the Indias Tourism Industry, as the foreign tourists will be heavily dependent upon them for the flight bookings, hotel reservations, travel itineraries and visas. The growth of India Tourism market is also equally beneficial for the several associated industries such as the aviation industry, medical tourism industry and hotel industry. However year 2008, sees a whopping rise in the arrival of eco tourists in the country. Recently a new concept Rural Tourism has been launched by the government in India, which is equally doing very well. It is believed that in the next few years India Tour Industry will gain new heights and the percentage of Indias share in the global tourism will grow 1. 5% by 2010. Industry is going to fetch maximum business from the Agra (Taj Mahal), Andhra Pradesh, Tamil Nadu, Kerala , Gujarat and Rajasthan, that are expected to receive maximum number of tourists.
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