THE JOURNAL OF ACCOUNTING ANAN Volume 1‚ No 1‚ March 2009 Published by: Nigerian College of Accountancy‚ Jos Postgraduate Professional College and Training Arm of ANAN ...Advancing the Science of Accountancy EDITORIAL BOARD Prof. Edet Robinson Iwok‚ Ph.D‚ FCNA Prof. A. A. Okwoli‚ Ph.D‚ FCNA Prof. Abimaje Akpa‚ Ph.D‚ FCNA Prof. B. C. Osisioma‚ Ph.D‚ FCNA Prof. Edet B. Akpakpan‚ Ph.D‚ FCNA‚ Prof. A. C. Ezejulue‚ Ph.D‚ FCNA Prof. A. S. Mikailu‚ Ph.D‚ FNIA Chairman‚ Education‚ Training
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The Accounting Scandal Enron Corp. Collapse and WorldCom Accounting Scandal 11/18/2020 The Enron Corp. collapse Formed in 1985 from a merger of Houston Natural Gas and Inter-north‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial
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History of the Accounting Profession? By an eHow Contributor ? Accounting has been around for centuries. The Romans had a modern tax system complete with sales tax‚ land tax and a flat rate citizen tax. The Roman Empire employed tax collectors that kept track of collections through a rudimentary accounting system. Today‚ accounting is a career. Most U.S. colleges and universities offer tax or accounting degrees at the bachelor’s‚ masters and doctorate levels. Double-Entry Accounting
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ETHICS IN ACCOUNTING PROFESSION RESEARCH METHOD Despite of significant learning on ethics especially for future accounting profession‚ 50 respondents were randomly selected from Bachelor of Accounting students‚ International Islamic University Malaysia (IIUM). The student sample was equal to 50 (N= 50) consists of accounting students from the first to fourth year of study between the ages of 20-25 years old. Students from IIUM had been exposed to some general ethic values in class. This
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industrial machinery and equipment manufacturer with several production departments. The company employs automated and heavy equipment in its production departments. Consequently‚ Dinteman has a large repair and maintenance department (R&M department) for servicing this equipment. The assistant controller has proposed that a formal work order system be implemented for the R&M department. With the new system‚ the production departments will submit a service request to the R&M department for the repairs
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(HS)2 and the impact it has had on me Cianne‚ here are my edits. I went through each paragraph mainly because your essay is too long. Don’t think it’s because its not a good essay! I think you have some really great points in this essay and I like the topic. You just need to work through it to decide what you find to be most important. Things to remember while editing: Show don’t tell and this essay is about YOU and not just the program or what Colorado has to offer. Great work so far. Keep editing
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assigned to work on an audit team with one senior auditor Frankie Small. The audit they were to perform was on the top paying client of Viccio and Martin‚ Models Inc.. Jane had spent time working for the firm while finishing her academics‚ and had been present for many other audits. This left her excited to show her employer all she had learned during this first assignment. Jane was away at school when the yearend inventory count was made for Models Inc.‚ so she decided to brush up before the audit began
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ENRON Enron shocked the world from being “America’s most innovative company” to America ’s biggest corporate bankruptcy at its time. At its peak‚ Enron was America ’s seventh largest corporation. Enron gave the illusion that it was a steady company with good revenue but that was not the case‚ a large part of Enron’s profits were made of paper. This was made possible by masterfully designed accounting and morally questionable acts by traders and executives. Deep debt and surfacing information about
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|Francis Marion University | |Exposure of the Accounting Profession To Increasing Liability | |Response of the Profession | |
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In 2001‚ Enron was the fifth largest company on the Fortune 500. Enron was also the market leader in energy production‚ distribution‚ and trading. However‚ Enron ’s unethical accounting practices have left the company in joint chapter 11 bankruptcy. This bankruptcy has caused many problems among many individuals. Enron ’s employees and retirees are suffering because of the bankruptcy. Wall Street and investors have taken a major downturn do to the company ’s unethical practices. Enron ’s competitors
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