Inside Obama's Presidency Essay Example | Topics and Well Written Essays - 500 words - 1

Inside Obama's Presidency - Essay Example The second challenge was the huge bonuses awarded as compensation to the banks; .the public was angry. When Obama met with the top banks C.E.O’s, most people expected that he would take on a hard approach against them, but this was not the case to the dismay of many. The banks seemed to have gotten it all on silver Plata. Another challenge was the reforms on the health care. Again he tried to take a bipartisan approach, but there came the problem; dealing with the congress that often slows down processes. The republicans were on his case: they did not vote for the motion. When faced with the issue of terrorism and handling Osama Bin Laden, he had to make the verdict to send U.S troops to Iraq. Leon Panetta, the CIA director, had information that Osama lived in a compound in Pakistan. The American troops went for the raid, and that reported that Osama had been killed. Another obstacle came which Obama had not foreseen. During the mid-term elections, his party lost to the republicans. Most of his supporters had been ousted, and he now had to take another approach to get things done. To take care of the debt crisis, he met John Boehner, who let him down when he needed him the most. To Obama it seemed that he had total confidence in his governance. He was so sure that his bipartisan approach would work. But if we would gauge his performance on this, I’d say that he was not successful. In all instances, he had to look for a second option. For example, looking at the stimulus bill, it passed without the votes from the republicans. Clearly, his promise to offer bipartisan solutions did not see the light of day. This was not because he was not willing to do so, but because the republicans were not ready to cooperate. From the first term’s performance, Obama tried too much to change how things worked: he had too many expectations that there wouldn’t be politics. He ought to have taken it as it is. In politics, everybody tries to be better

Conflicts In Earnings Management Essay Example | Topics and Well Written Essays - 4500 words

Conflicts In Earnings Management - Essay Example Empirical studies suggest that managers have the propensity to report earnings that exceed the forecast of analysts, precisely because negative earnings surprises tend to trigger adverse market responses and critical judgment of managerial ability and performance. This fact leads companies to implement strategies that reduce the likelihood of undershooting expectations of the analysts. Several authors have explained that companies may avoid reporting negative earnings in a number of ways. One of those ways is to apply discretionary accruals in order to manipulate earnings in the positive direction, which is also referred as accrual based earnings management (Badertscher, et al, 2009; Cohen, Dey & Lys, 2008). Another way is to adopt the real earnings management technique, where managers undertake actual economic actions so as to maintain accounting appearances. Although earnings management technique is employed only to meet forecast of the analysts, it entails a fair share of conseque nces when this technique abused. This fact leads the researcher to comment on accounting fraud, whose occurrences has plagued the world economy significantly.   Accounting fraud can be committed by individuals in the form of implementing earnings management techniques frequently or by abusing the creative accounting methods. There are a number of motives that might compel an individual to take such an action (Das & Kim, 2011). Firstly, companies might resort to account manipulation strategy.