Question
In: Accounting
Satyam Computer Services Scandal, India 1. Historical background, profile of the company (e.g. nature of business,...
Satyam Computer Services Scandal, India
1. Historical background, profile of the company (e.g. nature of business, products)
2. The ethical issue involved (recommended to be discussed in chronological order, wherever relevant)
Solutions
Expert Solution
1. It was an indian information technology services company based in Hyderabad, India that offers software development, system maintenance, packaged software integration and engineering design services.
2. It was a Rs 7,000-crore corporate scandal in which chairman Ramalinga Raju confessed that the company's accounts had been falsified.
On January 7, 2009, Ramalinga Raju sent off an email to SEBI and Stock Exchanges, wherein he admitted and confessed to inflating the cash and bank balances of the company. India's National Stock Exchange has announced that it will remove Satyam from its S&P CNX Nifty 50-share index on 12 January. The founder of Satyam was arrested two days after he admitted to falsifying the firm's accounts.
In April 2009 Mahindra Group's IT arm, Tech Mahindra, purchased a major stake in the company and in June 2009 the company renamed itself Mahindra Satyam. Mahindra Satyam merged with Tech Mahindra on 24 June 2013.
On April 2015, India subject Byrraju Ramalinga Raju isn't in prison now. The judge further ruled that Raju and his brother pay one tenth of their outstanding fine within four weeks of their release or else default to their original sentence.
ekkarill92 answered 1 year agoRelated Solutions
Ethical Issues of Satyam Computer Services Scandal, India (recommended to be discussed in chronological order, wherever...
Ethical Issues of Satyam Computer Services Scandal, India
(recommended to be discussed in chronological order, wherever
relevant).
What is the nature of business networks in India? Analyse the relationship between ownership patterns and...
What is the nature of business networks in India? Analyse the
relationship between ownership patterns and networks.
On October 1, 2018, Santana Rey launched a computer services company, Business Solutions, that is organized...
On October 1, 2018, Santana Rey launched a computer services
company, Business Solutions, that is organized as a corporation and
provides consulting services, computer system installations, and
custom program development. Rey uses the calendar year for
reporting purposes and expects to prepare the company’s first set
of financial statements on December 31, 2018. Oct. 1 S. Rey
invested $48,000 cash, a $27,000 computer system, and $8,500 of
office equipment in the company in exchange for its common stock. 3
The...
On October 1, 2017, Santana Rey launched a computer services company, Business Solutions, that is organized...
On October 1, 2017, Santana Rey launched a computer services
company, Business Solutions, that is organized as a proprietorship
and provides consulting services, computer system installations,
and custom program development. Rey adopts the calendar year for
reporting purposes and expects to prepare the company’s first set
of financial statements on December 31, 2017.
Oct.
1
S. Rey invested $50,000 cash, a $24,000 computer system, and
$12,000 of office equipment in the company.
3
The company
purchased $1,400 of computer supplies...
1) Sathyam Computer Scandal in 2009 a) Give a brief overview of the company? b) What...
1) Sathyam Computer Scandal in 2009
a) Give a brief overview of the company?
b) What were the sources, schemes, and motivation of the
financial statement fraud?
c) What were the factors that contributed to the fraud?
d) What was the form of Financial Statement Fraud?
e) How was the fraud detected and were there Red Flags?
f) What was the outcome of the fraud and what investigative
methods were used and how were the findings communicated?
g) How could...
How would you describe the international business strategy of Philips? What is the historical background that...
How would you describe the international business strategy of
Philips? What is the historical background that lead to such a
strategy? Discuss the pros and cons of such a strategy.
On October 1, 2017, Santana Rey launched a computer services company called Business Solutions, which provides...
On October 1, 2017, Santana Rey launched a computer services
company called Business Solutions, which provides consulting
services, computer system installations, and custom program
development. Rey adopts the calendar year for reporting purposes
and expects to prepare the company’s first set of financial
statements on December 31, 2017. The company’s initial chart of
accounts follows.
Account
No.
Account
No.
Cash
101
Common Stock
307
Accounts Receivable
106
Dividends
319
Computer Supplies
126
Computer Services Revenue
403
Prepaid Insurance
128
Wages...
On October 1, 2019, Santana Rey launched a computer services company called Business Solutions, which provides...
On October 1, 2019, Santana Rey launched a computer services
company called Business Solutions, which provides consulting
services, computer system installations, and custom program
development. Rey adopts the calendar year for reporting purposes
and expects to prepare the company’s first set of financial
statements on December 31, 2017. The company’s initial chart of
accounts follows.
Account
No.
Account
No.
Cash
101
Common Stock
307
Accounts Receivable
106
Dividends
319
Computer Supplies
126
Computer Services Revenue
403
Prepaid Insurance
128
Wages...
Find a good beneficial company, historical background such as: destinations, financial information overall on the company....
Find a good beneficial company, historical background such as:
destinations, financial information overall on the company. Could
be big, little, domestic, international. What is the name od this
company, address, CFO name. Why was it selected?
Title: British Business Opportunities in India 1 Abstract: This video explores the opportunities in India for...
Title: British Business Opportunities in India 1
Abstract: This video explores the opportunities in India for
British firms and discusses the advantages and disadvantages of
doing business in India.
British Business Opportunities in India - 5:03
Key Concepts: foreign market entry, exporting, culture,
international strategy, globalization, international marketing
Notes: Business is booming for one British frozen food maker.
The company, which makes samosas and pork pies among other things,
sells its products in the United Kingdom and across Europe, and...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- You have invested 30 percent of your portfolio in Jacob, Inc., 40 percent is Bella Co.,...
- Parallel Arrays This question is in MindTap Cengage Summary In this lab, you use what you...
- 5. You have invested 30 percent of your portfolio in Jacob, Inc., 40 percent is Bella...
- JAVA Write a test program that prompts the user to enter a series of integers and...
- (2) Cite an example on how organizations like Google, Facebook, Youtube etc collect data for image...
- The legal landscape is perpetually changing. Psychologists must remain abreast of these changes to avoid potentially...
- We are evaluating a project that costs $1.68 million, has a six-year life, and has no...
ADVERTISEMENT