Topic: Accounting-Related Scandals What is an Accounting -Related scandal? BAF3M-Accounting and Financial Management Accounting scandals are hospites scandals which arise from intentional manipulation of financial statements with the disclosure of (inancial misdieds by/trusted-neccutives-of-corporates or governments. __ It involves an employee account, or corporation itself and is misleading to investors and shareholders." (Wikipedia) Overview: Each student will prepare an investigative report on a recent corporate scandal that involved improper accounting practices. The scandals to be investigated are outlined below (one per student): 1. Waste Management Company 6. Freddie Mac 7. American Insurance Group (AIG) 8. Lehman Brother 9. Bernie Madoff 10. Satyam 2. Enron 3. Worldcom 4. Tyco 5. Heathsouth Additional Accounting Scandals: You can find an extensive list of other accounting scandals at https://en.wikipedia.org/wiki/Accounting scandals Requirements: Each PowerPoint presentation must include the following: an overview of the corporation (1 slide minimum) o Brief description of the corporation involved in the scandal. Product or service provided, number of employees, annual sales, stock value , etc. Basic description of the accounting misdeed that occurred and the basic purpose for this misdeed. (This is about as basic a description as one might find in a news article explaining the misdeed.) a summary of the scandal (1 slide minimum) a brief summary of what happened. This should only be a few sentences. You will elaborate more on the next slide a detailed description of the scandal methodology -explaining the specific accounting offense that occurred (2 slides minimum) o ccurred explanation of the illegitimate accounting practice. This section should provide details regarding the transactions and/or adjustments that were performed improperly, the accounts regarding involved, the GAAPS that were violated, and the financial statements that were effected an explanation of how the firm managed to hide their accounting improprieties (I slide minimum)

Question

Topic: Accounting-Related Scandals What is an Accounting -Related scandal? BAF3M-Accounting and Financial Management Accounting scandals are hospites scandals which arise from intentional manipulation of financial statements with the disclosure of (inancial misdieds by/trusted-neccutives-of-corporates or governments. __ It involves an employee account, or corporation itself and is misleading to investors and shareholders." (Wikipedia) Overview: Each student will prepare an investigative report on a recent corporate scandal that involved improper accounting practices. The scandals to be investigated are outlined below (one per student): 1. Waste Management Company 6. Freddie Mac 7. American Insurance Group (AIG) 8. Lehman Brother 9. Bernie Madoff 10. Satyam 2. Enron 3. Worldcom 4. Tyco 5. Heathsouth Additional Accounting Scandals: You can find an extensive list of other accounting scandals at https://en.wikipedia.org/wiki/Accounting scandals Requirements: Each PowerPoint presentation must include the following: an overview of the corporation (1 slide minimum) o Brief description of the corporation involved in the scandal. Product or service provided, number of employees, annual sales, stock value , etc. Basic description of the accounting misdeed that occurred and the basic purpose for this misdeed. (This is about as basic a description as one might find in a news article explaining the misdeed.) a summary of the scandal (1 slide minimum) a brief summary of what happened. This should only be a few sentences. You will elaborate more on the next slide a detailed description of the scandal methodology -explaining the specific accounting offense that occurred (2 slides minimum) o ccurred explanation of the illegitimate accounting practice. This section should provide details regarding the transactions and/or adjustments that were performed improperly, the accounts regarding involved, the GAAPS that were violated, and the financial statements that were effected an explanation of how the firm managed to hide their accounting improprieties (I slide minimum)

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accounting-related scandal involves the intentional manipulation of financial records, often by trusted individuals within a corporation or government, to create a misleading impression of the organization's financial health. This deception harms investors and shareholders who rely on the accuracy of these statements for decision-making. It differs from simple errors or omissions; a scandal implies deliberate and often large-scale fraud.

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