The first phase concentrates on business fundamentals, while the second one focuses on acquiring an expertise chosen according to the professional goals of the student. The unique structure of the curriculum enables students to acquire both an excellent grounding in general management and expertise in a specific field. We firmly believe this combination is the key success factor in training future leaders and making a lasting impact on the careers of our students.
Many of the biggest corporate accounting scandals in history happened during that time. Here's a chronological look back at some of the worst examples. Waste Management Scandal Company: Houston-based publicly traded waste management company What happened: Buntrock and other top executives; Arthur Andersen Company auditors How they did it: The company allegedly falsely increased the depreciation time length for their property, plant and equipment on the balance sheets.
How they got caught: A International accoutning CEO and management team went through the books. After the scandal, new CEO A. Maurice Meyers set up an anonymous company hotline where employees could report dishonest or improper behavior.
Enron Scandal Company: Houston-based commodities, energy and service corporation What happened: How they did it: Kept huge debts off balance sheets.
Turned in by internal whistleblower Sherron Watkins; high stock prices fueled external suspicions. Lay died before serving time; Skilling got 24 years in prison.
The company filed for bankruptcy. Arthur Andersen was found guilty of fudging Enron's accounts. WorldCom Scandal Company: Telecommunications company; now MCI, Inc. Underreported line costs by capitalizing rather than expensing and inflated revenues with fake accounting entries.
How he got caught: CFO was fired, controller resigned, and the company filed for bankruptcy. Ebbers sentenced to 25 years for fraud, conspiracy and filing false documents with regulators.
Within weeks of the scandal, Congress passed the Sarbanes-Oxley Act, introducing the most sweeping set of new business regulations since the s. Tyco Scandal Company: New Jersey-based blue-chip Swiss security systems.International Journal of Accounting Information Systems is an academic journal that strives to publish leading edge research that advances basic theory and provides guidance to practice.
The journal publishes thoughtful, well-developed articles that examine the rapidly evolving relationship. Search CareerBuilder for Accoutning Jobs and browse our platform.
Apply now for jobs that are hiring near you. The Executive MBA is a transformational experience which offers senior managers and executives from all around the world the opportunity to select one of the 8 majors that take place in 14 international locations, and also to take classes in any of its different tracks in France or Qatar.
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