accounting and budgeting

1. Pick up a company that committed financial accounting manipulation and fraud. There are many cases that goes back over the centuries as well as modern-day examples, discussed in the class, such as Enron, WorldCom, Tyco International, Freddie Mac… Follow the content below: 1. Start with company introduction (history, company structure, main business, stakeholders)
2. Highlight the fraud commited by the company (make an accent on the consequensec to all shareholders)
3. Try to investigate why the fraud accrued using the Fraud Triangle Analysis (Opportunity, pressure and rationalization)
4. Offer your suggestions what ethical aspects of financial accounting should be integrated and improved in order to minimize the future probability of same cases.

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