Essay about Instructor: Enron and Ethical Issue

Submitted By bfitte
Words: 700
Pages: 3
Open Document
Ethical Issues in Management
BUS 265
Instructor:

CASE REPORT OUTLINE
Your Name
BUS 265 Case Report
Date

TITLE AND TAG LINE

Company Name Here
Name of Company: Use the proper corporate name–no nicknames i.e. Enron Corporation
Tagline Here
Tagline for your report: Create a short (7 words or less) descriptive tagline i.e.
An Effective Ethics Audit Could Have Prevented the Collapse of Enron

EXECUTIVE SUMMARY
In five (5) sentences provide a brief overall summary of your report. The summary should include elements of your report including the ethical issue or problem, the key stakeholders affected, the executive management responsible for an ethics program, and your recommendation.

INTRODUCTION
Briefly describe the company and the relevant history that lead to the specific ethical issue of your case. Get to the heart of the issue with a minimum of 3 sentences – maximum of 5 sentences.

STAKEHOLDERS
List and describe the key stakeholders of your case. Describe the stakeholders specifically to your case – examples follow:

Employees (The 1400 plus employees of Enron were subjected to fear tactics such as the company’s “rank and yank” policy, which put their jobs constantly at risk. Delivering bad news at Enron could result in “death” of the employee messenger so problems were covered up. Etc.)
Shareholders (Enron shareholders included institutional investors such as pension funds for retired utility workers, as well as private investors who lost “tens of billions $” in value. This loss affected their monthly income. Etc.)
Key Players (Name and describe individuals, if there are any, in your case. i.e. CEO Jeffrey Skilling was perceived as Enron’s mastermind, but was also the most difficult to prosecute because…… Etc.)
Suppliers, Customers, Board Members, Etc. List and describe specifically any relevant stakeholders to your case.
List and describe, as many as you think are important. It is more important to be specific and thorough about the KEY stakeholders, than to list every possible stakeholder.

THE ETHICAL ISSUE / ETHICAL CONCERNS AND/OR PRACTICES

Part 1.
Describe the specific activity or activities, practice, wrongdoing, or situation that is at the center of your case. Use business (QUANTIFY) terminology and ethical issue terminology that we have studied through the course.

For example: Enron’s bankruptcy of $1.2 billion loss of stockholder equity and $400 billion of bankruptcy claims, severely hurt its stakeholders and was the largest US corporate bankruptcy in history. Enron’s scheme centered around its practice of using false partnerships, called “special-purpose entities”. SPEs were used to conceal huge financial losses. Thus, deceiving stakeholders and authorities.

This section should answer the question: What specifically were/are they doing that is producing an undesirable outcome?

Part 2
Using terminology from the language of our ethics course describe the condition that was present, or absent that lead to the ethical issue of your case.

For example: Enron’s corporate
Show More

Related Documents: Essay about Instructor: Enron and Ethical Issue

The Responsibility Project Essay

Instructor The Responsibility Project Ethical principles are something that can address any organizations issues. How to use these ethical principles are what we will address in this article. From the website “The Responsibility Project”, we will see how ethical principles are important in any organization, and how they can shape and change them. From the website, we will be reviewing the film “Good Vibrations”. Why are the issues in the film important? Good Vibrations…

Words 926 - Pages 4

Article Review Format Guide

University of Phoenix Material Article Review Format Guide MEMORANDUM UNIVERSITY OF PHOENIX DATE: December 17, 2013 TO: Instructor FROM: Student RE: SEC Charges Accountants and Firms with Sarbanes-Oxley Violations ARTICLE SYNOPSIS 69 accounting firms and partners were charged by the Securities Exchange Commission with violating the Sarbanes-Oxley Act of 2002 by auditing companies without first registering with the Public Company Accounting Oversight Board…

Words 325 - Pages 2

Mgmt Accounting Ethics Essay

Ethical Standards for Management Accountants By Tom Parnelle Instructor: Dr Earl Godfrey Course: Managerial Accounting December 11, 2011 Ethical Standards for Management Accountants Introduction In today’s economy, it is important to make informative business decisions. Profit margins are shrinking, labor and material costs are rising and global pressure on our markets continues to tighten (Sider Group 2009). To be competitive in a global or even local market, managers must understand the financial…

Words 2670 - Pages 11

Business: U. s. Securities and Exchange Commission and Sarbanes Oxley Act Essay example

Assignment 5: Sarbanes Oxley Act of 2002 Instructor: Bradley Johnson BUS 592: Financial Accounting & Analysis May 20, 2013 Abstract summary: The Sarbanes Oxley Act of 2002 which was enacted into law based on the recent scandals of a major companies who reported falsified accounting, understating expenses, overstating assets or understating liabilities, use of fictitious and fraudulent transactions and direct falsification of financial statements to give a…

Words 2053 - Pages 9

Explain The Objectives Of Financial Reporting

financial disclosures. 2. Search, interpret and apply relevant standards when facing a reporting issue. 3. Characterize and account for investing and financing activities according to current GAAP standards. 4. Evaluate a firm’s financial reporting environment. 5. Effectively work and communicate in a team environment similar to the professional accounting environment. 6. Make sound ethical decisions. “Rules are not necessarily sacred, principles are.” --- Franklin D. Roosevelt (1882-1945)…

Words 4235 - Pages 17

Study Guide Essay

BAM 411 Human Resource Management Text: A Framework for Human Resource Management ISBN-13: 978-0-13-257614-7 Author(s): Gary Dessler Publisher: Pearson 925 North Spurgeon Street, Santa Ana, CA 92701 Phone: 714-547-9625 Fax: 714-547-5777 www.calcoast.edu 10/14 Study Guide Seventh Edition, 2013 BAM 411 Human Resource Management Message From the President W elcome to California Coast University. I hope you will find this course interesting and useful throughout your career. This course…

Words 25132 - Pages 101