The President Budget Comment Writing Assignment Paper - 550 Words

The President Budget Comment Writing Assignment Paper (Essay Sample) Content: /watch?v=0O2Rq4HJBxwfeature=youtu.belist=PLD69712B84F998857NameInstitutional AffiliationDateKayla StrezsakKayla Strezsak argues that the the Presidents budget for the fiscal year 2015, will affect the country in a number of ways. The budget stated that there would be little funding for the military operations in countries like Afghanistan and the others CITATION Ann14 \l 1033 (Blyberg Hofbauer, 2014). According to me, I feel that this would threaten the national security of the state to some extent given the roles that the military plays in protecting the country. An increase in the transportation programs by the president would be added advantage given problem of infrastructure that is being experienced in the country CITATION Coh15 \l 1033 (Cohen, 2015). The budget is a good guide towards understanding everything that has been written in the document.The budget will have an impact on national security and the rate of national building of the country. The balance is well balanced since an increase in one of the factors can result to a decrease in the other factor CITATION Con17 \l 1033 (Congressional Budget Office, 2017).References BIBLIOGRAPHY Blyberg, A., Hofbauer, H. (2014). Government and Budgets. Article 2.Cohen, Z. (2015, July). The F-35: Is the world's most expensive weapons program worth it. Retrieved from /2015/07/16/politics/f-35-jsf-operational-costs/Congressional Budget Office. (2017). An Analysis of the Presidents 2015 Budget.Dustin TuckerThe document shows that there are many issues that arise as a result of the estimates that are included in the proposal of a budget CITATION Mat16 \l 1033 (Levin, 2016). The document contains deficits in the budgetary allocations meaning that the resources were calculated differently. The effect of the budget on the homeland security lies on the Customs and Border Patrol agencies CITATION Llo16 \l 1033 (Lloyd, 2016). According to the budget the President may change the discretionary spendin g into mandatory. As a result some of the DHS would therefore fall under new mandatory spending CITATION Pha15 \l 1033 (Phattarasaya Aussadavut, 2015). This will affect the budgeting process of the DHS and it would necessitate that they reorganize their agencies to fit the new budgetary allocations.References.Levin, M. (2016). By the numbers: Analyzing the governor's budget. Cal Matters.Lloyd, T. (2016, December). Forty Years of Price Transmission Research in the Food Industry: Insights, Challenges and Prospects. Journal of Agricultural Economics.Phattarasaya, T., Aussadavut, D. (2015). Effect of Trade Promotion in Centralized and Decentralized Supply Chain:. International Journal of Innovation, Management and Technology .Brian JohnsonThe Heads of Departments play a big role in the Homeland Security Budgeting CITATION Ann14 \l 1033 (Blyberg Hofbauer, 2014). They are the ones who struggle to make sure that the funds have been increased for the good of the employees. It would als o ensure that they use modern technology .All the levels of government spend most of their finances in the purchase of defense tools CITATION Coh15 \l 1033 (Cohen, 2015). A good example in the budget is the replacement of stealth fighter fleet. It costed the government a total of $200 billion. It was very difficult for the government to abandon the project and therefore they kept allocating money to the project until it repairs itself CITATION Mat16 \l 1033 (Levin, 2016).

Adelphia Communications Scandal Essay - 1375 Words

Adelphia Communications Scandal (Essay Sample) Content: Name:Institution: The Adelphia Communications Scandal was a set of frauds that involved mainly John Rigas the founder of the firm, his son Michael and Tim Rigas and former Adelphia Vice President Michael Mulcahey. Among other fraud charges are: waste of corporate assets, fraudulent conveyance and conversion of corporate assets. Violation of the RICO Act, breach of fiduciary duties and unjust enrichment were also evident. (Markon Frank, 2002, p. 1). Markon and Frank (2002) reported "The Management of Adelphia distorted accounts to meet audit expectations and enhance the stock priceà ¢Ã¢â€š ¬Ã‚ . (p. 1). Adelphia was used as a tool for personal dealings to create private partnerships. In this case, fund transfers were made through entries that gave Adelphia more debts and the Rigases multi-million dollar assets at no cost. The management committed Adelphia funds with family funds using Adelphia to drive projects out of the corporate boundaries such; Adelphia backed the Rigases in securing a personal loan of $2.3 billion.Real estate transactions such as purchase of Manhattan apartments for private use and purchase of land for private golf courses.$252 million to pay margin calls or asked cash loans placing the familyà ¢Ã¢â€š ¬s Adelphia stock portion as the collateral. Markon and Frank (2002) further explained that the family created a common account where all revenue from Adelphia subsidiaries and other businesses were banked. This account was purposely used to settle both the company and the family bills. (p. 2).There was no consolidation of the familyà ¢Ã¢â€š ¬s and the companyà ¢Ã¢â€š ¬s financial usage though Rigas family mixed its financial affairs with those of Adelphiaà ¢Ã¢â€š ¬s. Adelphiaà ¢Ã¢â€š ¬s line of credit was also used for personal purchases.The family created non-existing transactions and companies by doctoring financial records at Adelphia. These engineering of accounts was meant to inflate the companyà ¢Ã¢â€š ¬s stoc k price and to hide the large amounts of debts. Main ethical issues in the Adelphia Communications ScandalLying and betrayal of trustLying The Rigas family complicated their cash management so as to continue financing various private entities. This complex cash management system was also used to cover the fraud where they stole $100 million for themselves some of which belonged to the investors in their company. Michael Rigas was charged with massive wire transfers and conspiracy. He pleaded guilty to a charge on false financial report entries. These were the actions of the management and their goal was to conceal the state of their company until they could be righted and use the equity on debts. (Markon Frank, 2002, p. 2).The Rigas created bogus transactions and companies in order to misinform lenders and the public on the image and the companyà ¢Ã¢â€š ¬s performance yet it was riding in debts. 2. Discernment of trust In the suit, a testimony by one of the main investors in Ade lphia revealed how Rigas robbed cancer patients and an artist millions of dollars. During their case, attorney Ben Preziosi presented documents from board meetings on March6, 2002 and earlier that revealed how Adelphia guaranteed debt to fund Rigas securities purchases. During the hearing, a witness in the case confirmed that he identified securities purchases amounting close to Adelphia- guaranteed loans at a board meeting in Cancà ºn, Mexico on March 6, 2002. In response to questioning by Preziosi, the witness said that the family draws amounted to $429.06 million which were used to buy the total sum of securities amounting to $427.3 million. According to Markon and Frank (2002) "There were numerous misappropriation such as the case where John Rigas ordered two $60,000 Christmas trees flown to his daughter. He also ordered up 17 company cars and the company purchase of 3,600 acres of timberland at a cost of $26 million to preserve the pristine view outside his Coudersport homeà ¢Ã¢â€š ¬Ã‚ . (p. 2). Deontological ethics Deontological ethics or simply deontology is a normative ethical position of judging the morality in actions on the adherence of the actions to set rules. Ità ¢Ã¢â€š ¬s an obligation, duty or rule-based ethics. There many deontological philosophies but in our case were going to examine the main deontological formulation; The Immanuel Kantà ¢Ã¢â€š ¬s theory of ethics.Immanuel Kantà ¢Ã¢â€š ¬s theory of ethics is purely deontological because of a number of reasons. To begin with, Kantian ethics advocate that to acting in a moral right way, individual must act from duty. Secondly, He argues that the motive of the person doing the action is the platform of judging whether they are wrong or right and not the consequences of the action itself. Kant holds that a person has a good will when he acts in respect of the moral law and people have a duty to act in respect of the moral law. He emphasizes that the only thing in the world that is truly go od in itself is goodwill which is only possible when an individual chooses a thing because ità ¢Ã¢â€š ¬s his/ her personal duty. According to Kant, acting in a way that is morally right is all about doing thing purely from duty. He concludes by asserting that there is only one truly good thing in the society; "Nothing in the world, indeed nothing even beyond the world, can be conceived as good without qualification as good except goodwill.à ¢Ã¢â€š ¬Ã‚ Kant also developed another subject; comparative imperative that is the central philosophical concept in deontological ethic. Ità ¢Ã¢â€š ¬s an ethical system on unconditional moral law that applies to all moral beings in the world, and ità ¢Ã¢â€š ¬s not dependent on any personal motive or desire. The doctrine argues that individuals must act according to some universalized maxims that respect persons as end in themselves.He explains categorical imperative by developing some three significant formulations which include;People shoul d act in adherence to that maxim by which you can also wish that it would become a universal law.Act in a way that always treats humanity, whether in your own personal interest or in person of others.Every rational human being must act as if he were through his maxim as a legislating member of a universal kingdom of ends. Deontological framework of business ethics on the two key ethical problems in Adelphia communications The Adelphia communications scandal is splendid example that explains the price of unethical behaviors like lying and discernment of truth to a business organization. According to the deontological ethics of Kant, ethics of financial statement preparation must be followed to the letter to ensure trust of the shareholders and the general public in the business. The management of any company with a fraudulent motive can take an over or under presentation of financial statements presentation. These mispresentation can take the form of alterations of tax returns and di ary bookk...