AIG accounting scandal (2005) - Income Statement report Essay

AIG bookkeeping embarrassment (2005) - Income Statement report - Essay Example hese embarrassments, posthumous outcomes demonstrate nearness of an innovative bookkeeping process, a marvel described by complex strategies for reserves diverting and abuse just as exaggerated incomes and inappropriate detailing of costs and liabilities. As indicated by Roddy (2011, pp 34), the most noteworthy embarrassment of the most recent decade included Tyco, HealthSouth, Enron, WorldCom, and AIG among others. This paper targets investigating the bookkeeping outrage that influenced American Insurance Group in 2005. American Insurance Group (AIG) is a worldwide protection enterprise. It is viewed as the World’s biggest insurance agency with more than 90,000 laborers and workplaces in more than 130 nations. The organization is likewise engaged with different types of business including airplane renting and resources the executives in numerous pieces of the world. During this season of the outrage, the organization was driven by Maurice Greenburg, the long-lasting serving pioneer, having driven the organization since 1968. He was named as the individual associated with the outrage, and inevitably constrained to step down in 2005. The organization went under investigation first in 2001 after it was understood that a customer organization had been helped to fortify their monetary record falsely. Examinations were begun and in 2003, a punishment of $10 Million was passed by SEC to settle the issue. The company’s pay smoothing items were explored in 2004 and an offer gear protest documented. Kay (2005) composed that the organization confessed to having directed ill-advised bookkeeping works out. At the point when the organization at long last discharged the 2004 yearly profit, it was found that re-protection manages GenRe were not represented in the stores. A rehashing of this came about to a lessening in the income by $1.32 Billion. As indicated by Martin and Wesley (2005), a few claims were recorded against AIG beginning with one by the Attorney General concerning deluding bookkeeping which Greenberg excused as political war. Others were documented by the government office prompting

Commercialization of Education Essay

Microscopic organisms, Virus, and Parasites †Years prior, waterborne ailments represented a large number of passings. Indeed, even today in immature nations, an expected 25,000 individuals will bite the dust every day from waterborne sickness. Impacts of waterborne microorganisms can be prompt and pulverizing. Along these lines, microorganisms are the first and most significant thought in making water satisfactory for human utilization. As a rule, present day civil supplies are generally liberated from destructive living beings in light of routine cleansing with chlorine or chloramines and successive examining. This doesn't mean metropolitan water is liberated from all microscopic organisms. Those of us with private wells and little rustic water frameworks have motivation to be progressively worried about the chance of microorganism tainting from septic tanks, creature squanders, and different issues. There is a little network in California, where 4,000,000 gallons of pee hits the ground day by day from dairy bovines! Specialists state that in any event 4000 instances of waterborne sicknesses are accounted for consistently in the U.S. They likewise gauge that a significant part of the brief ills and ordinary gastrointestinal issue that go routinely unreported can be credited to life forms found in our water supplies. INORGANIC IMPURITIES: Earth and Sediment or Turbidity †Most waters contain some suspended particles which may comprise of fine sand, mud, soil, and encouraged salts. Turbidity is upsetting to take a gander at, can be a wellspring of food and housing for microbes, and can meddle with powerful sterilization. Absolute Dissolved Solids †These substances are disintegrated rock and different mixes from the earth. The whole rundown of them could fill this page. The nearness and measure of absolute broke down solids in water speaks to a state of discussion among the individuals who advance water treatment items. Here are a few realities about the results of more significant levels of TDS in water: 1. High TDS brings about bothersome taste which could be salty, harsh, or metallic. 2. High TDS water is less refreshing. 3. A portion of the individual mineral salts that make up TDS represent an assortment of wellbeing risks. The most dangerous are Nitrates, Sodium, Sulfates, Barium, Copper, and Fluoride. 4. The EPA Secondary Regulations instruct a greatest level with respect to 500mg/litter (500 sections for each million-ppm) for TDS. Various water supplies surpass this level. When TDS levels surpass 1000mg/L it is commonly viewed as unfit for human utilization. 5. High TDS meddles with the flavor of nourishments and refreshments, and makes them less alluring to expend. 6. High TDS make ice 3D shapes overcast, milder, and quicker dissolving. 7. Minerals exist in water for the most part as INORGANIC salts. Conversely, minerals having gone through a living framework are known as ORGANIC minerals. They are joined with proteins and sugars. As indicated by numerous nutritionists minerals are a lot simpler to acclimatize when they originate from nourishments. Would you be able to envision going out to your nursery for some soil to eat instead of a decent carrot; or drinking an entire bath of water for LESS calcium than that in a 8 ounce glass of milk? 8. Water with higher TDS is considered by some wellbeing backers to have a less fortunate purifying impact in the body than water with a low degree of TDS. This is on the grounds that water with low broke up solids has a more prominent limit of assimilation than water with higher solids. Poisonous Metals or Heavy Metals †Among the best dangers to wellbeing are the nearness of significant levels of harmful metals in drinking water †Arsenic, Cadmium, Lead, Mercury, and Silver. Most extreme cutoff points for each are built up by the EPA Primary Drinking Water Regulations. Different metals, for example, Chromium and Selenium, while fundamental follow components in our eating regimens, have limits forced upon them when in water in light of the fact that the structure wherein they exist may represent a wellbeing risk. Poisonous metals are related with nerve harm, birth abandons, mental impediment, certain malignant growths, and expanded weakness to sickness. Asbestos †Asbest os exists as tiny suspended mineral filaments in water. Its essential source is asbestos-concrete channel which was regularly utilized after World War II for city water supplies. It has been evaluated that somewhere in the range of 200,000 miles of this funnel is directly being used to move our drinking water. Since these channels are wearing, the fatal substance of asbestos is appearing with expanding recurrence in drinking water. It has been connected with gastrointestinal malignant growth. Radioactivity †Even however follow measures of radioactive components can be found in practically all drinking water, levels that present genuine wellbeing risks are decently rareâ€for now. Radioactive squanders drain from mining tasks into groundwater supplies. The best danger is presented by atomic mishaps, atomic handling plants, and radioactive waste removal locales. As compartments containing these burns through break down with time, the danger of debasing our aquifers’ develops into a poisonous time bomb. Natural IMPURITIES: Tastes and Odors †If your water has an unpalatable taste or smell, odds are it is because of at least one of numerous natural substances extending from rotting vegetation to green growth; hydrocarbons to phenols. It could likewise be TDS and a large group of different things. Pesticides and Herbicides †The expanding utilization of pesticides and herbicides in horticulture appears in the water we drink. Downpour and water system convey these lethal synthetic concoctions down into the groundwater just as into surface waters †There are in excess of 100,000,000 individuals in the US who rely on groundwater for sources entire or in part of their drinking water. As our dependence upon groundwater is raising, so is its defilement. Our own family utilization of herbicide and pesticide substances likewise adds to genuine pollution. These synthetic compounds can cause circulatory, respiratory and nerve issue. Harmful Organic Chemicals †The most squeezing and across the boar d water pollution issue is an aftereffect of the natural synthetics made by industry. The American Chemical Society records 4,039,907 particular substance mixes starting late 1977! This rundown just is involved synthetic compounds announced since 1965. The rundown can develop by around 6,000 synthetic substances for every week! 70,000 synthetic compounds may in any case be underway in the US. As of December, 1978, 50 synthetic substances were being delivered in more noteworthy amounts than 1,300,000,000 pounds for each year in the US. 115,000 foundations are engaged with the creation and circulation of synthetic substances, with the business being worth $113,000,000,000 every year. As indicated by the EPA, there are 77,000,000,000 pounds of perilous waste being created every year in the US. 90 percent of this isn't discarded appropriately. This would approach 19,192 pounds of risky waste arranged every year on each square mile of land and water surface in the US including Alaska and Hawaii!! There are 181,000 artificial tidal ponds at mechanical and civil locales in t he US. At any rate 75 percent of these are unlined. Indeed, even the lined ones will spill as indicated by the EPA. A portion of these are inside 1 mile of wells or water supplies. There is as yet an absence of data on the area of these destinations, their condition, and regulations. THIS IS A HORROR STORY OF THE MILLENNIUM. Synthetic concoctions end up in our drinking water from several unique sources. There are several distributions every year featuring this issue. The impacts of constant long haul presentation to these poisonous organics, even in minute sums, are incredibly hard to recognize. Sullied drinking water may look and taste splendidly typical. The users’ manifestations may incorporate repeating migraine, rash, or weakness †which are all difficult to analyze as being water related. The more genuine outcomes of drinking polluted water are higher malignancy rates, birth abandons, development variations from the norm, fruitlessness, and nerve and organ harm. A portion of these disarranges may go unnoticed for quite a long time!! Exactly how harmful these synthetics are might be delineated by taking a gander at two models: TCE is a broadly utilized concoction which routinely appears in water supplies. Only two glassfuls of TCE can debase 27,000,000 gallons of drinking water! One pound of the pesticide, Endrin can pollute 5,000,000,000 gallons of water. Chlorine †Trihalomethanes (THM’s) are shaped when chlorine, used to sanitize water supplies, collaborates with regular natural materials (for example side-effects of rotted vegetation, green growth, and so on.). This makes poisonous natural synthetic substances, for example, chloroform, and Bromodichloromethane. A further word about chlorine: Scientists at Colombia University found that ladies who drank chlorinated water ran a 44% more serious danger of biting the dust of malignancy of the gastrointestinal or urinary tract than did ladies who drank non-chlorinated water! Chlorinated water has likewise been connected to hypertension and iron deficiency. Weakness is brought about by the harmful impact of chlorine on red platelets.

September 23, 2014 Happy first day of autumn! COLUMBIA UNIVERSITY - SIPA Admissions Blog

September 23, 2014 Happy first day of autumn! COLUMBIA UNIVERSITY - SIPA Admissions Blog A wonderful way to learn more about the School of International and Public Affairs (SIPA) and its programs is by attending an information session. We offer in-person visits for those of you that will be in the New York area, as well as virtual sessions online. We invite you to get to know us this fall! For in-person information sessions, reservations are required so if you would like to attend, please let us know which date you would like to visit and we will reserve a space for you. Please call our office at 212-854-6216 or email us at sipa_admission@columbia.edu to make your reservation. For in-person information session dates this fall, please click here. Our fall virtual information sessions will be held on the following dates: Thursday, October 2nd: 11:00am-12:00pm Wednesday, October 15th: 9:30am-10:30am Tuesday, October 28th: 11:00am-12:00pm Thursday, November 20th: 12:00pm-1:00pm Tuesday, December 2nd: 12:00pm-1:00pm Wednesday, December 17th: 10:00 am-11:00am You are also welcome to come and stop by the office Monday through Friday between 9am and 5pm, excluding holidays, to meet with an Admissions counselor and discuss SIPA’s curriculum, application process, and any questions that you may have for us. Directions and travel information to our office may be found on the SIPA page. We look forward to meeting you! The beauty of Columbia in the fall Photo courtesy of the Morningside Post