Matching Items (35)
Filtering by
- Member of: Theses and Dissertations
- Member of: Barrett, The Honors College Thesis/Creative Project Collection
- Status: Published
Description
An ethical dilemma is not a matter of “right” versus “wrong,” but rather it is a situation of conflicting values. A common ethical dilemma is that of honesty versus loyalty—is it better to tell the truth, or remain loyal to the company? In the Japanese culture, truth is circumstantial and can vary with different situations. In a way, the Japanese idea of honesty reflects how highly they value loyalty. This overlap of values results in the lack of an ethical dilemma for the Japanese, which creates a new risk for fraud. Without this struggle, a Japanese employee does not have strong justification against committing fraud if it aligns with his values of honesty and loyalty.
This paper looks at the Japanese values relating to honesty and loyalty to show how much these ideas overlap. The lack of a conflict of values creates a risk for fraud, which will be shown through an analysis of the scandals of two Japanese companies, Toshiba and Olympus. These scandals shine light on the complexity of the ethical dilemma for the Japanese employees; since their sense of circumstantial honesty encourages them to lie if it maintains the harmony of the group, there is little stopping them from committing the fraud that their superiors asked them to commit.
In a global economy, understanding the ways that values impact business and decisions is important for both interacting with others and anticipating potential conflicts, including those that may result in or indicate potential red flags for fraud.
This paper looks at the Japanese values relating to honesty and loyalty to show how much these ideas overlap. The lack of a conflict of values creates a risk for fraud, which will be shown through an analysis of the scandals of two Japanese companies, Toshiba and Olympus. These scandals shine light on the complexity of the ethical dilemma for the Japanese employees; since their sense of circumstantial honesty encourages them to lie if it maintains the harmony of the group, there is little stopping them from committing the fraud that their superiors asked them to commit.
In a global economy, understanding the ways that values impact business and decisions is important for both interacting with others and anticipating potential conflicts, including those that may result in or indicate potential red flags for fraud.
ContributorsTabar, Kelly Ann (Author) / Samuelson, Melissa (Thesis director) / Goldman, Alan (Committee member) / WPC Graduate Programs (Contributor) / W.P. Carey School of Business (Contributor) / School of Accountancy (Contributor) / Barrett, The Honors College (Contributor)
Created2018-05
Description
Financial statements are one of the most important, if not the most important, documents for investors. These statements are prepared quarterly and yearly by the company accounting department, and are then audited in detail by a large external accounting firm. Investors use these documents to determine the value of the company, and trust that the company was truthful in its statements, and the auditing firm correctly audited the company's financial statements for any mistakes in their books and balances. Mistakes on a company's financial statements can be costly. However, financial fraud on the statements can be outright disastrous. Penalties for accounting fraud can include individual lifetime prison sentences, as well as company fines for billions of dollars. As students in the accounting major, it is our responsibility to ensure that financial statements are accurate and truthful to protect ourselves, other stakeholders, and the companies we work for. This ethics game takes the stories of Enron, WorldCom, and Lehman Brothers and uses them to help students identify financial fraud and how it can be prevented, as well as the consequences behind unethical decisions in financial reporting. The Enron scandal involved CEO Kenneth Lay and his predecessor Jeffery Skilling hiding losses in their financial statements with the help of their auditing firm, Arthur Andersen. Enron collapsed in 2002, and Lay was sentenced to 45 years in prison with his conspirator Skilling sentenced to 24 years in prison. In the WorldCom scandal, CEO Bernard "Bernie" Ebbers booked line costs as capital expenses (overstating WorldCom's assets), and created fraudulent accounts to inflate revenue and WorldCom's profit. Ebbers was sentenced to 25 years in prison and lost his title as WorldCom's Chief Executive Officer. Lehman Brothers took advantage of a loophole in accounting procedure Repo 105, that let the firm hide $50 billion in profits. No one at Lehman Brothers was sentenced to jail since the transaction was technically considered legal, but Lehman was the largest investment bank to fail and the only large financial institution that was not bailed out by the U.S. government.
ContributorsPanikkar, Manoj Madhuraj (Author) / Samuelson, Melissa (Thesis director) / Ahmad, Altaf (Committee member) / Department of Information Systems (Contributor) / School of Accountancy (Contributor) / Barrett, The Honors College (Contributor)
Created2016-05
Description
For students on a college campus, many courses can present challenges to them academically. Some universities have taken an initiative to respond to this by offering tutoring opportunities at a central location. Generally this provides help for some struggling students, but others are left with many questions unanswered. Two primary reasons for this are that some tutoring services are broad in scope and that there may not be sufficient one-on-one time with a tutor. With the development of a mobile application, a solution is possible to improve upon the tutoring experience for all students. The concept revolves around the formation of a labor market of freelancers, known as a gig economy, to create a large supply of tutors who can provide their services to a student looking for help in a specific course. A strategic process was followed to develop this mobile application, called Tuzee. To begin, an early concept and design was drafted to shape a clear vision statement and effective user experience. Planning and research followed, where technical requirements including an efficient database and integrated development environment were selected. After these prerequisites, the development stage of the application started and a working app produced. Subsequently, a business model was devised along with possible features to be added upon a successful launch. With a peer-to-peer approach powering the app, monitoring user engagement lies as a core principle for consistent growth. The vision statement will frequently be referred to: enhance university academics by enabling the interaction of students with each other.
ContributorsArcaro, Daniel James (Author) / Ahmad, Altaf (Thesis director) / Sopha, Matthew (Committee member) / Department of Information Systems (Contributor) / WPC Graduate Programs (Contributor) / Department of Management and Entrepreneurship (Contributor) / Barrett, The Honors College (Contributor)
Created2018-05
Description
Executive compensation is broken into two parts: one fixed and one variable. The fixed component of executive compensation is the annual salary and the variable components are performance-based incentives. Clawback provisions of executive compensation are designed to require executives to return performance-based, variable compensation that was erroneously awarded in the year of a misstatement. This research shows the need for the use of a new clawback provision that combines aspects of the two currently in regulation. In our current federal regulation, there are two clawback provisions in play: Section 304 of Sarbanes-Oxley and section 954 of The Dodd\u2014Frank Wall Street Reform and Consumer Protection Act. This paper argues for the use of an optimal clawback provision that combines aspects of both the current SOX provision and the Dodd-Frank provision, by integrating the principles of loss aversion and narcissism. These two factors are important to consider when designing a clawback provision, as it is generally accepted that average individuals are loss averse and executives are becoming increasingly narcissistic. Therefore, when attempting to mitigate the risk of a leader keeping erroneously awarded executive compensation, the decision making factors of narcissism and loss aversion must be taken into account. Additionally, this paper predicts how compensation structures will shift post-implementation. Through a survey analyzing the level of both loss- aversion and narcissism in respondents, the research question justifies the principle that people are loss averse and that a subset of the population show narcissistic tendencies. Both loss aversion and narcissism drove the results to suggest there are benefits to both clawback provisions and that a new provision that combines elements of both is most beneficial in mitigating the risk of executives receiving erroneously awarded compensation. I concluded the most optimal clawback provision is mandatory for all public companies (Dodd-Frank), targets all executives (Dodd-Frank), and requires the recuperation of the entire bonus, not just that which was in excess of what should have been received (SOX).
ContributorsLarscheid, Elizabeth (Author) / Samuelson, Melissa (Thesis director) / Casas-Arce, Pablo (Committee member) / WPC Graduate Programs (Contributor) / School of Accountancy (Contributor) / Barrett, The Honors College (Contributor)
Created2018-12
Description
The Wish List is a website that allows users to input URLs of products that they like into a wish list, much like Amazon's Wish List. The website also connects users to their Facebook friends who also use the application, so that users can view their friends' wish lists and "claim" products that they've purchased. This makes the Wish List like a registry as well. This report documents the functionality and the structure of the website, but the website itself is not yet released to the general public.
ContributorsChesley, Bryana Renee (Author) / Ahmad, Altaf (Thesis director) / Prince, Linda (Committee member) / Barrett, The Honors College (Contributor) / WPC Graduate Programs (Contributor) / Department of Information Systems (Contributor) / School of Accountancy (Contributor)
Created2014-05
Description
In the modern world of business, access to information can mean the difference between thousands of dollars. Executives at any corporation, large or small, would probably agree that they need to know everything and anything at the drop of a hat. As software has become more prominent in the business world so has the demand for an ever faster representation of business data. While traditional desktop applications have been used for decades to record, store, and display data, they do have their limitations. One such limitation being location—that is, they reside on a desktop. Remote access services have alleviated some of the pain that comes from location but there is still a need for faster access to data. Thankfully, the internet offers itself as ideal platform for fast, reliable, data retrieval. An ERP (Enterprise Resource Planning) application manages several departments of a business. Most sophisticated applications handle accounting, marketing, ordering, invoicing, etc. plus other business operations processes. One such ERP is Evosus, a system designed for the pool industry. While Evosus is an effective ERP system, it does suffer from the same limits that any traditional desktop application has—namely fast remote access. Evosus is an application that stores all of its data in a Microsoft SQL Server Database. MSSQL Server is known for being flexible, secure, and easy to use. The use of MSSQL Server alone allows Evosus to be more flexible than many competitors. With a few simple programming commands, all of the data stored in the Evosus database can be effectively displayed in web format. Therefore, the limitations brought on by location no longer exist. Using the Microsoft product stack, a web application has been developed to display Evosus data on the web. ASP.NET MVC is used to help with the Separation of Concerns (SoC) that accompanies all web development. The website, called EvosusConnect, is used to demonstrate how, in a real world scenario, instant access to crucial business data can benefit a company, no matter how large or small.
ContributorsHoward, Carson J (Author) / Prince, Linda (Thesis director) / Ahmad, Altaf (Committee member) / Department of Information Systems (Contributor) / Barrett, The Honors College (Contributor)
Created2014-05
Description
Veelog is an Android application created to monitor and track data regarding maintenance for an individual's personal vehicles. For instance, most car owners change their oil every 10,000 miles or so. The application will help track this data, allowing users to identify their own range of how often a service needs to be completed and provide helpful information when the need comes around. The goal of the application is to provide a platform for individuals to record, use, and save information relevant to themselves as the owner. By ensuring that there is space for the data to be recorded and properly tracked, car owners can take initiative in providing preventative maintenance for their vehicles. The idea for the application originally came from observing many individuals who keep a notebook in each of their vehicles for recording and keeping track of maintenance schedules manually. Veelog is a solution that keeps all maintenance manuals in one place, with the additional benefit of calculating upcoming services automatically. Veelog users can also make customizations to their profiles including custom services that are specific to their own needs. The target users for Veelog are individuals who want to be proactive in servicing their vehicles. The application requires frequent checking and regular updates to stay current and provide accurate information for upcoming services. Being proactive about vehicle maintenance provides long term benefits such as preventing serious car trouble, which ultimately results in saving money and staying safe and makes the application worth the extra attention. Ideally, individuals who have not previously been proactive about vehicle maintenance will also be encouraged by the convenience that Veelog provides.
ContributorsKnorr, Jeremy Joseph (Author) / Ahmad, Altaf (Thesis director) / Olsen, Christopher (Committee member) / Department of Information Systems (Contributor) / Barrett, The Honors College (Contributor)
Created2016-12
Description
The results in this research study shows that experience with corruption affects a person's behavior, although it does not impact their attitude towards corruption. Condemnation to both corruption and bribery is widespread amongst citizens of both countries; however, more Angolan citizens experienced bribe demands and confessed paying more bribes than Brazilians did. This paper studies the effect of corruption towards citizens by analyzing a sample of 200 surveyed Brazilians and Angolans. The surveys questioned participants about their (i.) experience with corruption by looking at the number of bribe demands, (ii.) attitudes by identifying their values or views towards corruption and bribery and finally (iii.) their behavior through their actions.
ContributorsFernandes, Domingas Manuela Da Fonseca (Author) / Samuelson, Melissa (Thesis director) / Kaplan, Steve (Committee member) / School of International Letters and Cultures (Contributor) / School of Accountancy (Contributor) / Department of Information Systems (Contributor) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)
Created2018-12
Description
Blockchain is a sophisticated and complex technology that will have a massive impact on the public accounting industry. Currently there is concern surrounding how blockchain may impact the industry as a whole. Auditors and accountants are worried that this technology has the potential to replace the responsibilities they fulfill. However, blockchain technology will not replace accountants and will enhance their daily activities by eliminating menial tasks, providing increased transparency, and allowing time to be spent in areas that require more consideration. This will change the role of accountants and professionals, requiring them to be more technologically proficient and analytically minded. This paper is organized as follows. There will be an initial explanation of the technology to inform the reader of what blockchain is and how it works. Then there will be a discussion regarding how blockchain technology relates to, and can be utilized by, public accounting firms as well as the implications of blockchain on the public accounting industry. These implications will be discussed followed by why they are extraneous, and how to combat them in both the assurance and advisory practices. In conclusion, recommendations will be provided for public accounting firms on how to effectively utilize the technology to their benefit.
ContributorsLomsdalen, Stephen A (Co-author) / Charen, Stephanie (Co-author) / Samuelson, Melissa (Thesis director) / Garverick, Michael (Committee member) / School of Accountancy (Contributor) / WPC Graduate Programs (Contributor) / Barrett, The Honors College (Contributor)
Created2018-12
Description
This thesis analyzes the connection between introversion and success in public accounting by looking at traits introverts need to develop in order to do well in this field. The paper begins by giving a background on both public accounting and introversion and why the relationship between these two needs to be studied. It discusses how introversion is not the norm in business, but how the traits outlined in the paper give introverts a strong opportunity for success. The first trait looked at is one-on-one skills and how the ability to communicate well in small groups helps introverts in public accounting to build solid relationships with their clients and coworkers. Next, the paper talks about public speaking and how introverts need to lean into their ability to prepare thoroughly in order to avoid speaking anxiety, which likely plagues them. After that, the paper looks at networking and how an introvert's ability to create deep connections outweighs some natural setbacks they may face in this endeavor. The final trait analyzed is creativity and how introverts possess a unique aptitude in this area because of the differences in how they think and process information. For public accounting, this is a useful skill, especially when it comes to problem solving. The last section of this thesis examines the importance of self-awareness for introverts to understand themselves and be understood by others while working on teams. The conclusion of this paper outlines the main ideas on how introverts can succeed in public accounting by leaning into these traits, owning who they are, and contributing from their unique perspective.
ContributorsSanders, Mikayla Ann (Author) / Samuelson, Melissa (Thesis director) / Huston, Ryan (Committee member) / W. P. Carey School of Business (Contributor) / School of Accountancy (Contributor) / WPC Graduate Programs (Contributor) / Barrett, The Honors College (Contributor)
Created2017-12