November 2002 - in the news for November, 2002. See also: Israeli-Palestinian conflict - War on Terrorism - U.S. plan to invade Iraq - terrorist incidents Stock market downturn of 2002 - Corporate accounting scandals - South American economic crisis of 2002 - debate over US steel tariffs UK Firefighter strike 2002 Afghanistan timeline November 2002 Table of contents showTocToggle("show","hide") 1 November 30, 2002 2 November 28, 2002 3 November 27, 2002 4 November 26, 2002 5 November 25, 2002 6 November 24, 2002 7 November 23, 2002 8 November 22, 2002 9 November 20,2002 10 November 19, 2002 11 November 18, 2002 12 November 17, 2002 13 November 16, 2002 14 November 15, 2002 15 November 13, 2002 16 November 12, 2002 17 November 11, 2002 18 November 10, 2002 19 November 8,.
Accounting scandals - Accounting scandals In 2002, a wave of accounting scandals broke in the United States. A number of leading companies have admitted to mis-stating their accounts, giving a misleading impression of their status. In public companies, this type of creative accounting can amount to fraud, and a series of investigations have been launched by the U.S. Securities and Exchange Commission. In several cases, the sums involved are in the billions of dollars. Reported accounting scandals in 2002 to date: Computer Associates -- Enron -- Kenneth Lay, WorldCom -- Bernard Ebbers Global Crossing -- Tyco -- Xerox Halliburton -- Dick Cheney, Bristol-Myers Squibb Qwest Communications ImClone Systems Harken Energy / Published report 10-9-2002 Kmart Lucent Technologies HealthSouth Freddie Mac list others here Some scandals in 2003 involving non-US.
List of accounting topics - List of accounting topics This is a list of topics which are relevant to Accountancy. Articles exist for some of these topics, others need to be written. Accounting information system Accounting reform Accounting scandals Accounting software Accrual basis accounting American Institute of Certified Public Accountants Amortization Annuity Arthur Andersen Asset Assurance Audit Big Five auditors Big Four Bond Book value Cash-basis accounting Cash flow statement Certified Management Accountants Certified Public Accountant Common stock Comprehensive income Cost accounting Cost of goods sold Creative accounting Credit Current asset Current liability Debit Debt Deficit Deloitte and Touche Depreciation Diluted income per share Dividend Double-Entry Booking EBITDA Ernst & Young Expense Financial Accounting Standards Board Financial accountancy Financial reports Financial statements Forensic accounting Gain Goodwill Governmental Accounting Standards Board Income Income.
Corporate crime - Corporate crime Corporate crime refers to criminal practices by presidents, CEOs. managers, directors and chairmen of corporations and companies. These can regard fraud, damage of the environment, corporate manslaughter, exploitation of people for labour, and more. Corporate accountability refers to the laws governing corporations, specifically regarding these corporate crimes. See also Anti-globalization movement, Accounting scandals. Michael Moore - American campaigner for corporate accountability. Mark Thomas & Billy Bragg - British campaigners for corporate accountability and manslaughter laws. Enron - main offenders. External Links Corporate Accountability Project Centre for Corporate Accountability U.S. President on Corporate Responsibility Business Ethics Magazing This article is a stub. You can help Wikipedia by fixing it..
Creative accounting - Creative accounting Creative accounting refers to accounting practices that deviate from standard accounting practices. They are characterized by excessive complication and the use of novel ways of characterizing income, assets or liabilities. This results in financial reports that are not at all dull, but have all the complication of a novel by James Joyce, hence the appellation "creative." Sometimes the words "innovative" or "aggressive" are used. In some cases, the term is used in professional humor, as when accountants poke fun at each other's more esoteric accountancy practices. In this usage the use of the term "creative accounting" has quite complex connotations: a good laugh, trying to encourage more honest practices, and sometimes despair at ever cleaning up the mess. The term is used more seriously and.
Bechtel Corporation - World War II After the Hoover Dam, Bechtel's reputation was soaring. However, Stephen Bechtel wanted the company to become more than just a construction firm. He pushed the W.A. Bechtel Company to undertake more complex engineering projects and oil contracts. In 1936, Bechtel built the 8-mile long San Francisco-Oakland Bay Bridge. In 1937, Bechtel became joined forces with John McCone's engineering company to form an engineering/construction firm called Bechtel-McCone Company. On July 19, 1940, President Roosevelt signed the Two-Ocean Naval Expansion Act, which authorized the construction of two huge fleets in both the Atlantic and Pacific theaters. The U.S. Maritime Commission selected Bechtel to build a new shipyard for the Pacific fleet. The Bechtel Shipyards were constructed in Sausalito, California and produced hundreds of cargo ships and oil tankers for the.
Enron Corporation - Texas employing around 21,000 people (mid-2001). Fraudulent accounting techniques allowed it to be listed as the seventh largest company in America, and it was expected to dominate the trading it had virtually invented in communications, power and weather securities. Instead it became the biggest corporate failure in history, and emblematic of institutionalized and well-planned corporate fraud. After a series of scandals involving irregular accounting procedures bordering on fraud involving it and its accounting firm Arthur Andersen, Enron stood at the verge of undergoing the largest bankruptcy in history by mid November 2001. A white knight rescue attempt by a much smaller energy company, Dynegy, was not viable. The fall of the value of investors' equity per share in Enron during 2001 was from US$85 to 30 US cents. As Enron was.
Dot-com - on the Internet. The event was typically an extravaganza held annually in San Francisco, California, near the heart of Silicon Valley. The ceremonies mirrored the flashy dot-com lifestyle with costumed guests, modern dancers, and faux-paparazzi to make guests feel important. The event peaked in 2001 with thousands in attendance. In 2002, it was a more somber event with only several hundred guests and little of the excess of the late 1990s. In 2003, the awards were reduced to a virtual event because many of the nominees couldn't fly to San Francisco due primarily to corporate belt-tightening. During the boom, attendees could slip away from their work for a short time without fear of losing their jobs. Soaring stocks A stock market bubble in financial markets is a term applied to a.
Area code - codes. A short list of examples, set out in the officially approved (Oftel) number groups: (0)20 xxxx xxxx: London (0)28 xxxx xxxx: Northern Ireland (0)29 xxxx xxxx: Cardiff (0)13 1xxx xxxx: Edinburgh (0)13 82xx xxxx: Dundee, a typical area code History Area codes were first introduced in 1958, allowing a caller to call another telephone direct instead of via a manual telephone exchange, a process known as Subscriber Trunk Dialling (STD), although the process was not completed until 1979. The four-digit codes were originally assigned based on the first three letters of the respective place's name and the corresponding numbers on a telephone keypad. For example Aylesbury was given the STD code (0)296, where the letter (a) can be found on the number 2, the letter (y) on the number 9.
Economy of Russia - these political disputes would interfere with the application of privatization, leading to a new system of distorted prices, incentives for asset stripping, not wealth creation, the distortions associated with the lack of competition due to the lack of prior restructuring, and employee ownership, which in general keeps wages and employment at levels that were too high. Anticipating a backlash against reform, Yeltsin's government assumed that they had only a short time in which to act; they therefore needed to take steps that would have a large and immediate impact, making the reversal of reform prohibitively costly for their opponents. After parliament gave Yeltsin and his government the authority to enact privatization by decree in 1991, Russia combined two strategies of privatization, one emphasizing equity and the other emphasizing efficiency. For the.
A Hacker History - named Phiber Optik, feuded with Legion of Doomer Erik Bloodaxe and got tossed out of the clubhouse. Phiber's friends formed a rival group, the Masters of Deception. 1984 Chaos Computer Club forms in Germany 1984 The Comprehensive Crime Control Act gives the Secret Service jurisdiction over computer fraud. 1984 The hacker magazine 2600 begins regular publication, The editor of 2600, "Emmanuel Goldstein" (whose real name is Eric Corley), takes his handle from the main character in George Orwell's 1984. Both publications provide tips for would-be hackers and phone phreaks, as well as commentary on the hacker issues of the day. Today, copies of 2600 are sold at most large retail bookstores. 1985 the online 'zine Phrack is established 1986 In the wake of an increasing number of break-ins to government and.
Business ethics - product churning, unethical labour practices, retail price maintenance, environmental issues, collusion, grey marketing, patent and copyright enfringement, tort law, negligence, product liability, sexual harassment, accounting accountability, tax avoidance, numerous sales techniques, covert marketing research, product placement, planned obsolescence, business intelligence gathering, industrial espionage, undercover marketing, kick-backs, sex in advertising, spam, telemarketing, payola, pyramid schemes, black market, competitive raiding, corporate crime, union busting, preditory pricing, hostile take-overs, creative accounting, child labour, and whistle blowing. Business ethics is closely related to the philosophy of business which deals with the philosophical, political, and ethical underpinnings of business and economics. The philosophy of business asks questions like what the social role of business should be, if indeed it should have one at all, questions of individualism vs collectivism, freewill, enlightened self interest, “invisible hand theories”,.
Business philosophies and popular management theories - philosophies or popular management theories refers to a range of accounting, marketing, public relations, operations, training, labor relations, executive time management, investment, and corporate governance approaches claimed (by their proponents, and sometimes only by their proponents and selected clients) to improve business performance in some measurable or otherwise provable way. These management theories often have their own vocabulary. They are sometimes built around the business philosophy of a single guru. They rarely have the sophistication or internal consistency to qualify as a school of philosophy in the conventional sense - some resemble a cult religion. What they tend to have in common is high consulting fees to consult with the "business gurus" who have created the "philosophy". Only rarely is the capacity to teach others transmitted to any trusted students -.
Capitalism - the 16th and 19th centuries, especially involving the formation and trade in ownership of corporations (see corporate personhood and companies) for buying and selling goods, especially capital goods (including land and labor), in a relatively free (meaning, free from state control) market competing (and contentious) theories that developed in the 19th century, in the context of the industrial revolution, and 20th century, in the context of the Cold War, meant to justify the private ownership of capital, to explain the operation of such markets, and to guide the application or elimination of government regulation of property and markets and beliefs about the advantages of such practices. Table of contents showTocToggle("show","hide") 1 Etymology 2 Capitalism as an economic system 3 Characteristics of Capitalist Economies 3.1 Economic Growth 3.2 Distribution of Wealth 3.3.
Chief financial officer - Finance Director is commonly a chartered accountant, it has become commonplace for non-accountants to become CFOs in the United States. Indeed, many CFOs have an MBA but no CPA or other accounting qualification. This has been criticised in some quarters as a contributory factor to the wave of accounting scandals seen in the US in 2002. The Sarbanes-Oxley Act of 2002 aims to address this by requiring at least one member of the company's Audit Committee to hold an accounting qualification. See also: company officer, board of directors, corporate title, chief executive officer, chief information officer, chief operating officer.
July 2002 - convicted of ten federal counts of corruption. July 23, 2002 Recent celebrity deaths: Chaim Potok, novelist dies of cancer at age 73 40 years ago today, Telstar transmits the first trans-Atlantic television signal. July 22, 2002 A few hours after the spiritual leader of Hamas, Ahmed Yassin, offered to halt all suicide attacks in exchange for full Israeli withdrawal from the West Bank and Gaza Strip, an Israeli F-16 jet dropped a bomb into a densely populated residential area of Gaza City. Fifteen people were killed, including Salah Shehade (the leader of Hamas's military wing, the Izz ad-Din el-Qasam Brigades), and more than 100 others were wounded. Nine of the dead were children, including Mohammed al-Huwaiti (aged 4), his brother Subhi (aged 3), Ayman Mattar (aged 1) and Dunya Rami Mattar.
Harken Energy Scandal - share value of Harken stock to rise, and senior Harken managers liquidated their shares. It is seemingly identical to the modus operandi of most recent US Corporate accounting scandals, though a Bush spokesperson denied any connection to Enron's practices, citing that Harken did not conceal its partnership with Harvard. George W. Bush formerly held several top positions at Harken Energy, primarily as Chairman and CEO..
Government of the United States - plus four joint permanent committees with members from both houses: Library of Congress, printing, taxation, and economic. In addition, each house can name special, or select, committees to study specific problems. Because of an increase in workload, the standing committees have also spawned some 150 subcommittees. The Congress has the responsibility to monitor and influence aspects of the executive branch. Congressional oversight prevents waste and fraud; protects civil liberties and individual rights; ensures executive compliance with the law; gathers information for making laws and educating the public; and evaluates executive performance. It applies to cabinet departments, executive agencies, regulatory commissions, and the presidency. Congress's oversight function takes many forms: Committee inquiries and hearings; Formal consultations with and reports from the president; Senate advice and consent for presidential nominations and for treaties;.
Guerrilla marketing - inexpensive. It is argued that if you use these guerrilla tactics, you will find your small size is an advantage. You will be able to obtain publicity easier than a large company. You will be closer to your customer and more agile. Although guerrilla marketing was originally crafted for small business, it can be applied to large businesses also. See Also: marketing guerrilla marketing warfare strategies marketing strategies publicity small business Finding related topics list of marketing topics list of management topics list of economics topics list of finance topics list of human resource management topics list of accounting topics list of information technology management topics list of business law topics list of production topics list of business ethics, political economy, and philosophy of business topics list of business theorists list.
Union of International Associations (UIA) - dignity, solidarity of peoples and freedom of communication; Facilitate the development and efficiency of non-governmental networks in every field of human activity, especially non-profit and voluntary associations, considered to be essential components of contemporary society; Collect, research and disseminate information on international bodies, both governmental and non-governmental, their interrelationships, their meetings, and problems and strategies they are dealing with; Experiment with more meaningful and action-oriented ways of presenting such information to enable these initiatives to develop and counterbalance each other creatively, and as a catalyst for the emergence of new forms of associative activity and transnational co-operation; Promote research on the legal, administrative and other problems common to these international associations, especially in their contacts with governmental bodies. To these ends, maintain contact with a wide variety of bodies in all.
