acct305s08

by Ryan Wentling

Award Nominee

Jerome Kerviel was a junior trader at Societe Generale, France’s second largest bank. This quiet man bet $74 billion on European stock market indexes, which was 50% more than the company was worth. In the midst of a market plunge, Societe Generale sold the shares at a loss of $7.2 billion. Kerviel, for the time being, will be known as the architect of the largest trading scandal ever. I will discuss this scandal’s relation to accounting, including tax, auditing, and financial reporting.

France’

by Elissa Yorgey

Award Nominee

The subprime mortgage crisis is affecting many people across many areas of the economy, especially consumers, realtors, and banks that offer mortgages. Find out how these entities deal with accounting issues that surface due to refinancing mortgages. Also gain an understanding of how accounting standards and rules may be changed in the future as a result of these issues.

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