The Scandal Of Healthsouth Corporation Scandal - 1391 Words

Organizational misconduct is the chief cause behind corporate accounting scandals. The trusted executives of the corporation participation in actions during a scandal are corrupt and illegal. In the United States, the Securities and Exchange Commission (SEC) is typically the government agency that investigates such scandals. One of the most notorious corporate accounting scandals in the United States is the HealthSouth Corporation scandal of 2003. HealthSouth Corporation is one of the United States largest health care providers with locations nationwide. A deeper inspection of the HealthSouth scandal is needed to understand how it transpired by assessing how it was executed, the accounting issues and root of the issue, how it was exposed, the results to the company and its officers, and warranted ramifications as an outcome of the scandal. Scandal Overview In 1984, Richard Scrushy founded HealthSouth in Birmingham, Alabama. Scrushy was the company’s Chairman and Chief Executive Officer (CEO) when the company went public in 1986. HealthSouth grew quickly over the next several years. Shortly after HealthSouth went public, it is alleged that Scrushy instructed senior staff to materially inflate the company’s earning to match expectations. In 2002, the first sign of troubles occurred when Scrushy sold $75 million of HealthSouth stock days before HealthSouth announced a large loss. After this the SEC began to investigate if any insider trading laws had been violated. In 2003,Show MoreRelatedThe Scandal Of Healthsouth Corporation Scandal1419 Words   |  6 Pagesthe chief cause behind corporate accounting scandals. The trusted executives of the corporation participation in actions during a scandal are corrupt, unethical, and illegal. In the United States, the Securities and Exchange Commission (SEC) is typical ly the government agency that investigates such scandals. One of the most notorious corporate accounting scandals in the United States is the HealthSouth Corporation scandal of 2003. HealthSouth Corporation is one of the United States largest healthcareRead MoreCase Study: Healthsouth Corporation Scandal1521 Words   |  7 PagesAnna James Case Study: HealthSouth Corporation Scandal Week3 Forensic Accounting: Ethics and Legal Environment Professor Erskine Hawkins HealthSouth Corporation is a large, public healthcare company that operates 93 inpatient rehabilitation hospital, 49 outpatient rehabilitation satellites, six long-term acute care hospitals, and 25 home health agencies. According to the company websites, it is â€Å"one of the nation’s largest healthcare providers specializing in rehabilitation†.5 The companyRead MoreHow Corporate Scandals Crush the Company, Investors, and Economy1333 Words   |  5 PagesTracing back the history of accounting scandals, major corporate scandals not only hurt the economy but also crush investors’ confidence on investing in companies. For example, the Enron scandal, the WorldCom scandal, and so on. The majority of corporate scandals are created by greedy corporate senior officers. One way to create a scandal is â€Å"cooking the books†. Cooking the book is an accounting term which means making false financial statements in order to meet the number that investors or banksRea d MoreThe Accounting Scandal of Healthsouth - Essay912 Words   |  4 PagesThe Accounting Scandal of HealthSouth HealthSouth Corporation is based in Birmingham, Alabama, it is the largest provider of rehabilitative health care services. It operates in 26 states in the United States of America and in Puerto Rico. HealthSouth provides rehabilitation hospitals, long term heightened care hospitals, outpatient rehabilitation satellite clinics and home health agencies. HealthSouth was found by Richard Scrushy in the year 1984 and was calledRead MoreThe Sarbanes Oxley Act Of 20021423 Words   |  6 PagesThe audit world was transformed more than ten years ago due to a series of accounting scandals. This change took place when The Sarbanes–Oxley Act of 2002, otherwise known as SOX, was passed affecting not only business entities but also the firms that audit those companies (Thomas). One of the companies whose fraud was unmasked by the passage of SOX was HealthSouth Corporation. A company in the healthcare industry who had overstated about $2.7 billion dollars in earnings since 1996. The company’sRead MoreHealthsouth1309 Words   |  6 PagesINTRODUCTION HEALTHSOUTH Corporation (HEALTHSOUTH) began its rise in 1984 when Richard Scrushy, Aaron Beam, and other close associates formed the HEALTHSOUTH Empire with venture capital from New Enterprise Associates of Baltimore. In the beginning, Richard Scrushy was the chief executive officer (CFO), Aaron Beam was named the chief financial officer (CFO) and William Owen, an accountant from Ernst and Young, assumed the position of comptroller. HEALTHSOUTH went public in 1986 and began rapidlyRead MoreHcs 4051142 Words   |  5 Pagesaudit conducted by PricewaterhouseCoopers concluded that HealthSouth Corporation s cumulative earnings were overstated by anywhere from $3.8 billion to $4.6 billion, according to a January 2004 report issued by the scandal-ridden health-care concern. HealthSouth acknowledged that the forensic audit discovered at least another $1.3 billion dollars in suspect financial reporting in addition to the previously estimated $2.5 billion. The scandal s postmortem report f ound additional fraud of $500 millionRead MoreThe Sarbanes Oxley Act Of 20021530 Words   |  7 Pagesthe Enron scandal the government had created a new law called the Sarbanes-Oxley Act of 2002. This law was put into place to put more responsibility onto the public accounting firms and not letting company executives violate any information for investors (Larry Bumgardner). The law also allows the Securities and Exchange Commission to oversee more corporate governance of company’s financial records. The Securities and Exchange Commission was given the power to freely investigate corporations or accountingRead MoreThe Anatomy Of Corporate Fraud Essay845 Words   |  4 Pagescomparative Analysis of High Profile American and European Corporate Scandals. The abstract discusses the analysis conducted on the three major American accounting scandals; Enron, WorldCom, and HealthSouth, and compares to the three major European accounting scandals; Parmalat, Royal Ahold, and Vivendi Universal. Bahram Soltani (2014), also discusses within the abstract the different areas reviewed regarding why the accounting scandals occurred; ethical climate, tone at the top, bubble economy and marketRead MoreEthical And Legal Perspectives, What Do You Feel Business? Learned From The Scrushy Situation?972 Words   |  4 Pagescheating happening and who is heading the deception? Behind every crime, there is a ringleader or a group of individuals calling the shots. In this case, Scrushy was the one who told his family meeting members to fix financial records, so HealthSouth to meet or exceed the business financial goals. A person from the beginning may have the objective to cheat; others get sucked into the whirlpool of white-collar crime. Corporate fraud is rampant, and it is becoming a part of our culture. We expect

Isolation And Its Effects On Its Victims - 3562 Words

Introduction Isolation has been portrayed in numerous texts for hundreds of years and is still a common theme in literature today. Isolation is not only portrayed in literature but also occurs in real life situations . The effect of isolation on its victims is that they try to overcome their state of isolation by finding a way to obtain some sort of companionship, whether it is with an inanimate object, imagination or with an animal. One does not require to be all alone to be isolated as there are different types of isolation, and one that is quite common today is being socially isolated. The four texts that portray one of these subtopics are ‘Cast Away’ directed by Robert Zemeckis, ‘I Am Legend’ directed by Francis Lawrence, ‘Miss Brill’ by Katherine Mansfield and ‘The Bath’ by Janet Frame. Connection One: Victims that are in state of isolation try to overcome it through obtaining some sort of companionship Those that are absolutely secluded from human civilisation tend to mentally change from their previous lifestyle to a new lifestyle as they try to overcome the state of isolation. They do it by trying to obtain some sort of companionship with inanimate object or animals to avert from teetering on the edge of insanity. This idea is conveyed through the films ‘I Am Legend’ directed by Francis Lawrence, ‘Cast Away’ directed by Robert Zemeckis and also in the short story ‘Miss Brill’ by Katherine Mansfield. In ‘I Am Legend’ â€Å"A deadly virus burned through† humanShow MoreRelatedThe Effects Of Social Media On Teenagers Essay1259 Words   |  6 PagesAlexsandra Rodriguez Professor Alexandra Dragin Rhetoric 102 November 15, 2016 Prompt #1 The Negative Effects Social Media has on Teenagers Social media is defined as â€Å"forms of electronic communication (as Web sites for social networking and micro blogging) through which users create online communities to share information, ideas, personal messages, and other content.† (Merriam-Webster, 2004). Social media sites such as Facebook, Twitter, Instagram, and YouTube have the attention of millions ofRead MoreSocial Characters In Of Mice And Men By John Steinbeck947 Words   |  4 Pagesexist, Of Mice and Men describes of the horrendous effects that isolation has on the lives of the migrant workers living near the Soledad river. The author, John Steinbeck, suggests that when migrant workers experience the excessive isolation to the degree of the characters, they become malicious and aggressive individuals who set out to stigmatize interpersonal relationships, tarnish individual reputations, and distort realities to make isolation become a social norm. Throughout the story, SteinbeckRead MoreEssay on Why Is Bullying a Social Issue?662 Words   |  3 Pagessurveillance which not only means that there is more bullying but the bullying is much worse, it is more likely to be physical, vicious and continuous. The main issues associated with bullying are self-harm, poor mental and physical health and social isolation. There are many forms of playground bullying, one of these being indirect bullying (Stanford, 2008). This involves repeatedly hiding another’s belongings, leaving people out and spreading malicious rumours. For example, in Queensland a group ofRead MoreAbnormal Perceptions Of Reality : The Bell Jar, And Cullen s Columbine1187 Words   |  5 Pagesof Reality Isolation causes people to spiral into a dark hole of dramatic loss of self worth and often times, the loss of their will to keep living. Humans are social beings, they are not meant to be isolated and feel alone in the world. In Huxley s Brave New World, Plath s The Bell Jar, and Cullen s Columbine, characters suffer from various types of isolation. The three types of isolation are, self-inflicted, social, and forced isolation. Although self-inflicted and social isolation cause individualsRead More Domestic Violence in Canada1662 Words   |  7 Pagesevery minute that passes Canadians come face to face with certain acts of violence they may not have previously encountered (citation). Although, violence is not a subject that one can escape, women and children have unfortunately become the prime victims of violent acts. The media glorifies violence in other countries around the world it fails to address the presence of violence within Canada. Although violence is usually associated with gangs and guns, Canada experiences more violence related toRead MoreNegative Effects Of Social Media Essay805 Words   |  4 Pages The Negative Effects of Social Media Instagram, Snapchat, Facebook, Twitter, you name it. A form of social media created for communicating with others. Social media, first created by Mark Zuckerberg in 2004, launched the first real form of social media, now known as Facebook. Since then, social media has grown and is now used daily by people across the globe. But in reality, how healthy is social media for us? Social Media, the interest of today’s societyRead MoreOf Mice And Men Isolation1219 Words   |  5 Pages Isolation, or loneliness, is a prevalent feeling shared by many individuals in societies of older generations and future generations. It is commonly misunderstood that every individual has someone to talk to, someone to express themselves to, however, that is a misconception. There are many who suffer from the pain that isolation brings forth. In addition, there are several divisions in society that cause an emptiness in certain individuals. In society, categories such as race, gender, age, andRead MorePhysical and Psychological Effects of Domestic Violence on Women1593 Words   |  7 Pagesbusiness productivity helped facilitate government intervention towards addressing domestic violence, and encouraged laws protecting victims of this type of abuse. When most people think of the long-term effects of domestic violence, usually psychological problems come to mind. While psychological disorders are extremely common in women who are victims of domestic violence, it is also important to recognize that women who are abused also suffer long-term physical problems. In thisRead MoreThe Power Of Love By Sue Johnson1457 Words   |  6 Pagesfrom a successful relationship with strong confident bonds (Johnson, 2016, p.13).The same can be said though for people with orientated and problematic relationships with harmful side effects like decreased life, excessive amounts of cortisol, and uncontrollable weight gain (Schaeffer, 2009, p.24). All the side effects shown and more have been proven with multiple researches and experiments throughout the years that support the claim; relationships can affect different aspects of a person’s life. 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Assessments Are Essential Within Education - 989 Words

Assessment Assessments are essential within education because the role of assessments is to measure students’ progression. They provide evidence of students’ prior knowledge, thinking, and understanding and should be created to meet the needs of every student because every student is different and learns differently, as well as at a different pace. Assessments should reflect the objectives of the lesson being taught and the frequency of those assessments should be considered. Assessments can also help teachers to improve student learning. How assessments affect students should also be taken into consideration because assessments can create winners and losers, which is not the goal. Everyone should be a winner. Assessments must reflect the objectives of the lesson being assessed. Students should be given objectives prior to every lesson on what they are expected to learn. It is the teacher’s job to make sure that the assessment reflects those objectives. The frequency of assessments makes a huge difference in the learning process. If students aren’t being assessed until the end of a lesson or the semester, then that is more information for them to have to remember for test purposes, which usually results in cramming. If students are assessed frequently they tend to do better because they would not be overwhelmed with huge amount of information to remember at one time. (Vega, 2014) There are different ways to assess students besides sitting students down and havingShow MoreRelatedHow Educators Use Assessments Within Their Classroom Essay1386 Words   |  6 PagesEducators in present education systems are constantly acquiring essential information about the academic strengths and weaknesses that their students possess. In order to gain information that will be beneficial for students’ learning, educators must evaluate the academic performance of their students as a means to improve learning in content areas. 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It is crucial understand that a good teacher does not just simply require advanced skills and knowledge in their subject area. it is essential that we are good role models to pupils and we must promote a good example of certain moral and ethical values as well as positive attitudes. â€Å"In addition to knowing what and knowing how, teachers must also be competent in knowing how and knowingRead MoreEssay on Common Core State Standards and Its Impact on Curriculum 1641 Words   |  7 Pagesthe knowledge and skills in the standards rests with our district, schools, administrators, and teachers (Center on Education Policy, 2011). Mississippi Department of Education (MDE) allows our school district the flexibility to decide how accomplish the goals outlined in CCSS. First and far most, our district had to hastily make changes to the curriculum, instruction, assessments, and professional development to align the curriculum with this new initiative. 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This curriculum plan aimed to develop the essential employability skills to the multitude client group which inc ludes the different age, gender and ethnic groups. This curriculum plan targeted to complete within the period of eight weeks with theoretical and practical sessions. In each session the progression of the plan with a close considerationRead MoreThe Professional Development Of A Teacher1631 Words   |  7 Pagesimportant to recognise that good teaching methods have a significant positive impact on how students lean. It is crucial to understand that a good teacher does not just simply require advanced skills and knowledge in their subject area but is essential that we are good role models to pupils, as well as promoting a good example of moral and ethical and positive attitudes. â€Å"In addition to knowing what and knowing how, teachers must also be competent in knowing how and knowing when† (CalderheadRead MoreCultural Influences On The Health Care Delivery System1482 Words   |  6 PagesOrganizational Culture Culture is shaped over generations through the beliefs, customs, and attitudes within a group. Additional elements also include race, language, and socioeconomic status. Given that culture influences daily behaviors and lifestyle patterns, there is clearly an impact on the well-being and health practices within various cultural groups (Riegelman, Kirkwood, 2015). These diversities influence patient interactions in the health care delivery system. 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The purpose of assessment can vary giving rise to the various type of assessment namely: 1.1.1 Initial assessment: Given prior to learner attending a class, helps to establish an agreed starting point for the learner. Derrick and Gawn (2010) assert that effective initial

Dissatisfaction and Complaining Behavior †Free Samples to Students

Question: Discuss about the Dissatisfaction and Complaining Behavior. Answer: Introduction Recently an electronic company has been receiving numerous customer complaints management which make sales and customer service representative (CSR) department sick of hearing angry customers voice. The marketing/sales manager requested for analysis of the customer complaints data to find out problems and come up with solutions. In this paper therefore we attempt to discuss customer complaints, product family, and types of customers. In business arena, customers are regarded as the Kings and Queens who deserve to be listened to. The handling of customer complaints is therefore a critical component aimed at providing superior customer performance. According to Albrecht (1995), there are three key aspects of handling customer complaints. The aspects are; acknowledging customer complaints, identifying customer complaints, and handling customer complaints. Data analysis The data in the spreadsheet is pulled out from Enterprise Resource Planning (ERP) system of the company which is active in the electronic industry. The ERP systems takes note of the date when the complaint was initiated, date when the response was received, name of the customer, type of the complaint, family in which the product under complaint belongs to among other variables. A total of 719 complaints were received and this makes the basis of the analysis for this report. For efficient analysis and internalization, the data is broken down into various variable-specifics as below: Complaint types Table 1 below gives the total complaint types. As can be seen, majority of complaints management (n = 233, 32.4%) reported by customers was related to delivery followed by wrong quantity (n = 136, 18.9%). The least type of complaints recorded was other (unspecified) type of complaints (n =3, 0.4%) Table 1: Total complaint types Row Labels Count of Complaint Type Delivery 233 Wrong Quantity 136 Lost In Transit 127 Wrong Product 118 Packaging 36 Poor Response 33 Damaged 18 Quality of workmanship 8 Invoice Error 7 Other 3 (blank) Grand Total 719 The chart below illustrates the above information. Product family Next, we looked at the frequency distribution of the various product families. The complaints received were found to come from 15 different product families. Majority of the complaints (n = 60, 8.34%) belonged to the product family PF12. The product family PF6 had the lowest number of complaints recorded (n = 41, 5.70%). Row Labels Count of Product Family Percent PF12 60 8.34% PF10 55 7.65% PF2 54 7.51% PF8 49 6.82% PF14 48 6.68% PF3 48 6.68% PF7 48 6.68% PF1 47 6.54% PF15 47 6.54% PF4 47 6.54% PF11 46 6.40% PF5 44 6.12% PF9 43 5.98% PF13 42 5.84% PF6 41 5.70% Grand Total 719 100.00% The chart below illustrates the above information. Association between complaint type and product family We also conducted an association test to verify whether there is significant association between type of complaint and product family. The following hypothesis was tested; H0: There is no significant association between type of complaint and product family H1: There is significant association between type of complaint and product family Tested at 5% level of significance Chi-Square Tests Value df Asymp. Sig. (2-sided) Pearson Chi-Square 142.012a 126 .156 Likelihood Ratio 144.794 126 .121 N of Valid Cases 719 a. 90 cells (60.0%) have expected count less than 5. The minimum expected count is .17. A chi-square test of independence was performed to examine the relation between type of complaint and product family. The relation between these variables was insignificant, Problem definition The major problem as can be seen is the process of packaging till the products gets to the product management. This was established to be the major root cause of the various issues experienced by the customers. The companys organizations structure could also possibly affect the customer satisfaction levels. It seems there are few employees who have a lot of tasks put on them to accomplish. This affects the workmanship thereby resulting to some of the issues experienced-the few workers available are highly overworked to the extent that they get confused. In terms of the warehouse supervision, there are only two supervisors manning the warehouse and they are both in charge of the inbound and outbound supervisory work going on. The equipment and machinery used in the warehouse seems to be faulty thus brining issues such as wrong quantity packed as well as wrong product (Radovilsky Hegde, 2011). Response received also contributed as being one of the major complaints raised. This shows either the staff deliberately fail to acknowledge the customer complaint or they dont give a clear direction on how to handle the customers issue. Solutions and suggestions Most of the complaints raised by the customers are to do with human aspect (human errors). It is therefore imperative that all the staff in the warehouse to undergo serious training so that the can fully understand their roles and how to go about their duties in a more effective and efficient way. All customer service personnel should also be trained on how to handle various customer complaints effectively and being empowered to respond in a positive manner. The company should also ensure that the machines and equipment in the warehouse are up-to-date and in condition. One problem noted was failure by machines to package right quantities, this can be minimized by doing away any faulty machine at the warehouse(Yilmaz, et al., 2015). References Albrecht, K., 1995. At Americas Service: How Your Company Can Join the Customer Service Revolution. Davidow, M., 2014. The a-craft model of organizational responses to customer complaints and their impact on post-complaint customer behavior. , Dissatisfaction and Complaining Behavior. Journal of Consumer Satisfaction, Volume 27, p. 70. Radovilsky, Z. Hegde, V., 2011. Identifying and Analyzing Quality in Supply Chain. California Journal of Operations Management. 9(1), p. 5870. Yilmaz, C., Varnali, K. Kasnakoglu, B. T., 2015. How do firms benefit from customer complaints?. Journal of Business Research, 69(2), pp. 944-955.