Description
- From the Activity, examine ethical behavior within firms in relation to financial management. Provide two (2) examples of companies that have been guilty of ethics-based malfeasance related to financial management, and determine why their comeuppance was deserved.
- From the scenario, recommend two (2) actions that TFC could take in order to raise capital that will, in turn, enable it to reach its expansion goals. Defend your response. Support your recommendation with two (2) real-world examples of successful implementations of these actions.
Search the Internet for an article that supports your position and post the link in your thread for everyone to read. Then post to at least one (1) of your classmate’s posts.
Explanation & Answer
Attached.
Running head: WEEK 1 DISCUSSION
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Week 1 Discussion
Name
Institution
WEEK 1 DISCUSSION
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Week 1 Discussion
Question One
From the activity, two companies will be focused here, which are Goldman Sachs
Company and the accounting cover-up of Arthur Andersen. The commission of security
exchanges charged Goldman Sachs with a fraud (Shanahan & Seele, 2016). It was because the
firm had developed as well as marketed a collateralized system of debts that was artificial.
By at around 2007 in October, misstatements and omitted facts defrauded the investors
that caused the degrading of approximately 83 percent of the total RMBS in the portfolio of
ABACUS and on this 17% had a negative watch. The security exchange commission, therefore,
charged the Goldman...
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