Essay on Adelphia

The company is not in control of their expenses which we can observe from its Income Statement. The total expenses in the year 1998 were $18,912 which rapidly increased to $59,963 (317% of 18,912). The Income Statement of 1999 shows the item "Payroll taxes twice" with amount of 1,574. And the total of expenses is also miscalculated. These mistakes reveal the management's negligence on financial matters.

In terms of social goods, employees should sacrifice customers demands for seeking good and service of each company. Therefore, this makes it unethical due to the fact that he used to be an

Ethical theory will be outlined in relation to the example case with discussion on how the case poses an ethical dilemma in the workplace. Additionally ethical theory will be considered in light of the case with

Audit Research Introduction Accounting and management are the major pillars of an organization that contributes to the country’s economy. Introduction of AICPA Code of Professional Conduct helps in controlling the business operation especially in the accounting and management departments. Accounting and management fraud have been experienced whereby through corruption or other means, entrusted managers and accountants tend to be selfish in undertaking their duties. These factors are well addressed by the AICPA Code of Professional Conduct principles. Therefore, the study seeks to introduce two case studies whereby the management fraud have been experienced. Furthermore, the study will incorporate the use of AICPA Code of Professional Conduct in controlling the situation to ensure harmonious business operation in the management.

On the other hand, from a deontological point of view, the German philosopher Emmanuel Kant with his categorical imperative states that, “Act as if the maxim of thy action were to become by thy will a universal law of nature.” (Trevino & Nelson, 2014) We can presume that those people who commit crimes to gain financially value their lives based on the assumptions that they exert to achieve this profit for the business which can give them the funds to improve their lives. In regards to the individual’s rights, we have a duty to keep social responsibility in our work and personal lives even if to opposing unethical decisions made similarly in the Tax Fraud Case of Carl William. Correspondingly, there are central principles for accounting employees to help them understand, and comply with a certain sets of ethical standards identified in the

Ethical vs. Legal Business Issues This paper is composed for the individual assignment for week 2 of the MBA 633 Legal Issues in the Workplace course. The topic for this assignment consists of the differences between ethical and legal business issues. This paper will provide answers to questions

A quick growing company, gaining well over a couple million subscribers, in the eyes of many Adelphia Communication Corporation seemed to be headed to lead the industry very soon. In what seems to be the early 2000s, this is for Americans, this company and the world things drastically changed due to unethical behavior from some of the company’s top leaders within the organization. What will be revealed in this case study below, many people would not believe that all this happen over the course of a short time and how far people will go to gain what they believe is “success” at any cost.

“Unethical thinking is not just “bad business”; it is an invitation to disaster in business, however rarely (it may sometimes seem) unethical behavior is actually found out and punished” (Solomon, 1997:17) An ethical dilemma happens when an intricate circumstance which often originates from a struggle amongst the moral requirements of two persons.

Frank Addante founded his fifth venture together with Tim McQuillen. Again he had the mo-tivation of creating a business out of a new idea but this time Addante made sure that there is a market for his products. With reference to Frank Addante’s motivation of holding equity it can be said that he decided to keep himself motivated with an adequate stake of the venture’s equity. Firstly, Addante did not want to run his “Strong Mail” venture as the CEO because he wanted to concentrate on the holding company he had created before he founded “Strong Mail”. But after Frank detected a strong market for “Strong Mail’s” products he felt that he needed to jump in and lead the company. He also felt the motivation of working together with his friend and former employee Tim McQuillen, with whom Addante had worked together well in his former ventures.

The study is important because it examines the role of ethics in accounting. The research on identified problems is necessary due to vagueness of ethics concepts and its difficulty to

Records falsification was not the only illegal activity the Rigas family was wrapped up in. The family used company funds, unbeknownst to their investors, to finance personal endevours and interests. Examples include using corporate money to build a $12.8 million golf course on the Rigas property, using the company plane for personal vacation trips including a safari to Africa, and funding for two Manhattan apartments for his family (Markon, 2014). Not only this, but John Rigas purportedly used the company jet to fly a Christmas tree two times to his daughter in New York (Barlaup, 2009)! All of these incidents are just brief excerpts of the fraud and misuse of company funds that John Rigas and his family committed without any intention of ever paying back into the company. These actions, namely lying and stealing, prove to be the heart of the two moral issues that will be further analyzed.

In the first ethical problem selected, two separate books were kept by personnel in the Adelphia financial management department with the intent of deceiving external auditors; thus leading shareholders and the public to believe that the company was ultimately worth more than it was in actuality. In the second, the Rigas family frivolously dwindled away public money for personal selfish consumption which is clearly a violation of the public’s trust. In the weeks following the unraveling of events and divulgence of information, a number of townspeople and investors were concerned that the family was rather free with shareholder money and further believed corporate money was used to finance public generosity as previously discussed in this paper (Barlaup, Hanne, & Stuart, 2009, p. 10).

In this scenario Margret Weston, received a letter. In the letter she found out that Yossarian acquired 10% of the company’s stock. This aggressive move by Yossarian was motivated by the company management not doing their job to maximize shareholders wealth. Moreover, the managers were having issues with the hurdle rate, because it is just generally accepted, but not scientifically proven. On the other hand one TV Commentators opinion about Teletech Corp. is that “there is no way to have a hostile takeover in this sector, but for the Teletech Corp. there are many reasons to try.” Teletech Corp. has two major business segments, Telecommunication Services and both Product and System Manufacturing make up the other segment we will analyze.

Executive Summary: Today, employees can be considered as the greatest strength of the company. They are the ones who help build the reputation of the company, it is their job to ensure the success of the business, which is why it is very important to keep them satisfied. A recent statistic

Introduction The main story of the case Precista Tool AG is about the conflict in a family business, which showed in the following areas: (1) Parent-child conflicts & family dynamics; (2) Management succession problems; (3) Business-family complications and (4) The plight of women managers. Mr. Huebel and his daughter Greta have