Wednesday, October 31, 2007

Final Stretch

The IMPACT! proposal is now in near completed form. We first compiled all of our notes to create a rough outline of what needed to be included in the proposal. Next we wrote out all the text as a word document. After the text was typed, we created a Microsoft Publisher file to better make it look like a professional proposal. Once all the text was in place, we added pictures and further formatted the text to be aesthetically pleasing. The proposal was then turned into Angela Rogers to be reviewed.

We have now made the recommended changes, and are reviewing the proposal once again. This will ensure the best possible proposal will be shown to the University.

Monday, October 22, 2007

Contact Made

We have now established contact with the athletic department regarding the implementation of a 5k race. They will look at the proposal once it is complete and give their input.

Friday, October 19, 2007

Progress

We have discussed a schedule for the rest of the semester regarding the IMPACT 5k proposal. It is as follows:
  • Tailoring last semester's proposal relevant to Clemson University
    • Colin will describe IMPACT- the purpose, processes, and goals
    • Angela will research teen pregnancy in South Carolina to provide relevant support
    • Data is due 10/26/07
  • Organizations to contact to take over the implementation of the 5k next semester
    • Redfern Health Center
    • Service Sorority
  • Entry Fee for participants
  • T-shirts
    • Design- IMPACT logo on the front
      • due 11/5/07
    • Price- to be determined
    • Sponsors- names on the back of the shirt
      • Creating a list of suggested businesses to visit
  • Flyer
    • brainstorming a design and catchy phrase
    • Due 11/5/07

Monday, October 8, 2007

Business Ethics, or lack thereof...

Inclass Exercise:

In the past few years, more corporate scandals have been publicized causing Americans to question the ethical principles of the corporate world. Accounting scandals have been the most highly publicized and far-reaching, with the Enron scandal being the most popular. Another major accounting scandal involved the WorldCom corporation and was discovered just after the Enron scandal.

All of the scandals involved what some call "creative accounting," or "cooking the books." The accountants and auditors for the companies manipulated the accounting books to create an artificial representation of the company. They made it so the company appeared in a much better financial situation than it actually was. The Enron scandal was the first on the map and appeared in 2001. In 2002, the WorldCom scandal unravelled along with a slew of other scandals.

In response to these scandals, in 2002 Congress enacted legislation in an effort to minimize the possibility of scandal. It was called the Sarbanes-Oxley Act, or SOX for short. This was the first time in a long time that the government enacted legislation that had a major effect on the way business is done in America. The Sarbanes-Oxley Act helps keep Corporate America in check by requiring numerous sign-offs on financial statements, including personal responsibility being placed on CFOs and CEOs.


Sources:
http://en.wikipedia.org/wiki/Accounting_scandals
http://www.forbes.com/2002/06/26/0626topnews.html
http://www.worldcomfraudinfocenter.com/information.php
http://www.time.com/time/business/article/0,8599,263006,00.html
http://en.wikipedia.org/wiki/Enron_scandal
http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act