Finance 350 Essay

532 words - 2 pages

Financial Analysis (called Security Analysis on Wall Street) can be less than totally objective. How big a problem do you think this is? What can be done to manage potential conflicts of interest? Maybe we just have to live with it and search out the hidden agendas. What do you think? How do you react to Sarbanes Oxley? Does regulation work? If you think it does, how did Madoff happen, or ENRON? Before you post you might want to re-read the "Finance in Action" item on page 68.I'm not professing to be an expert at this subject but I do believe this is a huge problem in the economy. Big corporations have internal auditors that report the information given on the financial statement. They also can have external auditors that are paid to assess their corporation. However, they are not seen as objective and/or truthful. In fact, the outside auditors have been threatened that if they don't cushion the numbers, they will never work for the corporation again. (Block, 68) The same type of corruption has happened with arbitration. If the representatives don't rule in the business's favor, they most likely will never have a job with them again.I don't feel we should have to 'live with it'. This is corruption that contributed to the huge financial crisis in the mid 2000's. It's unacceptable and America should stand for honesty. I think people are afraid of these companies because we are not near as experienced with the inner financials of a huge corporation. A little commoner like me can't take down a company I feel may be involved in illegal activities. Because of this, I feel the...

Find Another Essay On FINANCE 350

Managing Financial Resources and Decisions Essay

3418 words - 14 pages Diploma in Management StudiesTable of ContentsPagesIntroduction 3-3Report ContentTask 1, Sources of FinanceIdentify the sources available to the Business 4-4Implications of different Sources of Finance 5-10Choosing the appropriate source of finance for the business 10-10Task 2, Finance as a Resource2.1 Assessing and comparing the cost of selected sources of Finance 11-122.2 Importance of Financial Planning 13-132.3 Information needs of different

Contagion Effect among Financial Institutions and Sovereign Credit Default Swap of Pakistan; State Dependent Sensitivity Analysis Value at risk Ap

4087 words - 17 pages impulse response function (IRF) shows that the shock of one standard deviation persists around 350-400 days. << Figure 1,2 and 3 about here >> << Table V about here >> 4. Conclusion and Recommendations: This paper deploys set of four financial institutions as a system of two-stage quantile regression using daily data. Depending on the state of markets, uncover the magnitude and length of contingent effect amongst financial sector that varies

Business Plan for a Nightclub

1612 words - 6 pages will be characterized by the elaborate dance club situated in a spectator setting which comfortably accommodates 350 guests. The area will offer two private sky boxes and one banquet room which can be combined for use in a conference or private party setting. Also these rooms are intended for special events and daily use. In order to reach and maintain a unique image of quality, LEVEL 3 will provide attentive and friendly service through a high

Campaign Finance

1834 words - 7 pages provisions of the FECA violated freedom of political speech, as it pertains to the First Amendment. Since then, the financing of Congressional campaigns has evolved toward "soft money", unregulated money that goes directly to state and local parties. Soft money has, in effect, changed the way campaigns are financed and the role of interest groups in campaigns (Berry p. 161, '97).Today, campaign finance is a hot issue. In the twenty years since the

FInancial and Banking Systems

1237 words - 5 pages coverage of ratio of cashes over liquid assets, the more likely is that a business will be able to pay debts to financial institutions as they became due while still funding the remaining operations. Deposits of local customers and finance (in general) in terms of GDP per capita in Vietnam rose in 2003-2012 by 23% and 37% respectively, proving the sustainability of financial system and reduced intervention measures of government. Despite the

Central New Mexico Organizational Scan

1196 words - 5 pages , and the Bookstore. The Student Services department employees over 350 employees, who functions are to assist the student with everything outside of the classroom. This includes the following departments; Academic Advisement, Assessment Services, Call Center, Enrollment Services, Financial Aid, Student Health Office, Id Services, Student Life & Student Discipline, Veteran Support Services and Security (Figure 1.1) There are two other vice

Economic Challenges

1258 words - 5 pages appropriated funds for Florida educational operating budgets are $20 billion dollars. That $20 billion comes from three different sources: $14.8 billion from the general revenue fund, $1.3 from the lottery, and $3.9 billion from other trust funds (2008). The grades K-12 have a budget breakdown within the Florida Education Finance Program (FEFP): $147.5 million for teacher pay, $116.9 million for reading instruction, $12.5 million supplemental

Warren Buffett

949 words - 4 pages reconditioned pinball machine for $25 each and put them in the local barbershops where he was soon making about $50 dollars per week (Train). In high school, Buffett and a friend bought a 1934 Rolls Royce for $350 and rented it out for $35 per day. When he graduated high school at sixteen, Warren had already saved up over$6000 (which would worth $60,000, today), which helped to finance his college tuition. In his senior year at the University of

Securities Exchange Commission Case Study

704 words - 3 pages are hesitant in challenging prominent figures, and interagency rivals (pp. 350-351). Shafritz identifies the reasons the SEC failed to investigate Ponzi scheme tips however it neglects to account for other variables, in addition to agency capture and interagency rivals, such as resource allocation and inefficient technology to analyze tips. Perri & Brody (2011) asserts that investigating Madoff’s fraud scheme requires the devotion of too many

Adaptive Clothing Company Business Plan

917 words - 4 pages Adaptive clothing founders are seeking $ 3.8 million in equity investment capital for this thrilling company (Kugler, & Thomas, 2006). These monies will be used to maintain overhead expenses, form corporate offices, fund project sales budgets, finance multi-faceted promotion and marketing budgets. Therefore, a staged infusion of funds over the period of the first ten months of operation will offer the Adaptive clothing with crucial financial

silk industry in africa

730 words - 3 pages many other European countries. The second largest producer of the silk has been for many years India. The year 2011 and 2012 has been excellent year for the silk production in India and all the sectors of the silk production have shown a positive growth over previous years. However, India is still importing the large percentage of silk from China. Just recently in the current Budget 2013, decision has been introduced by finance ministers to

Similar Essays

Structured Finance Essay

651 words - 3 pages instruments of choice were contracts for the future delivery of oil or gas for which Enron received its payment in advance delivery. In 2001, Enron made several desperate last-minute attempts to make those of its third quarter 2001 numbers look good using aggressive accounting and the tools of modern finance. A case in point is the "structured finance" transaction which took place on September 28, 2001, by which Enron was able to hide a $350 million six

Microcredit: A Lifeline For The Poor

2326 words - 9 pages India, "Micro Credit is defined as provision of thrift, credit and other financial services and products of very small amount to the poor in rural, semi-urban and urban areas for enabling them to raise their income levels and improve living standards."Many bankers, economists, and governmental officials assume that the informal commercial credit market works efficiently, satisfies demand, and helps the poor. Widespread use of informal finance

Managing Financial Resources Essay

1845 words - 7 pages British Institute of technology and E-CommereceUnit 2Managing financial Resources and DecisionsLevel: Level 4 - HNC and Level 5 - HNDTask 1Introduction:The business world is currently facing a plethora of pressures in terms of finding credit to finance their business. Currently there is a great short fall in money in the markets. As a result most companies and fighting to stay afloat. The business world is facing the biggest credit crunch since

Networked Updates & Patton Medical Building Structure

1287 words - 6 pages is used to connect this equipment to other equipment. Each workstation in this department contains a twenty inch monitor display, 2 gigabytes of RAM, a single core processor that runs at 2 Gigahertz and an interesting concept to include a 350 Megabyte hard drive at every workstation (which might be enough for some people [in other words some people may be able to perform many actions with 350 megabytes]). The RIS Data Center contains a 48