Erin Brockovich Accounting Values

In: Film and Music

Submitted By apollo
Words 1058
Pages 5
For this assignment, I chose to write about the ethical dilemma presented in the movie Erin Brockovich. In this movie, Erin Brockovich, played by Julia Roberts, is a single mother who recently lost a law suit against a doctor from a recent car wreck. She has gone through a period of bad luck and marriage problems, and early on the movie it seems like Brockovich may have hit the hardest point in her life. From her persistence, Brockovich’s lawyer Edward Masry, played by Albert Finney, helped her out by extending her a job offer in his office as a file clerk. Brockovich slowly adapts to her new life in the office, and as she is working she discovers files detailing medical records involved from a Pacific Gas and Electric real-estate purchase. Brockovich begins to venture down a twisted and controversial path to get to the bottom of what she believes is a major cover up. As she helps to bring to light the facts surrounding the situation, Brockovich becomes one of the most famous whistleblowers in history. Brockovich’s journey sees her dealing with major adversity as she brings a lawsuit which resulted in the largest direct action lawsuit settlement in the United States. As Erin Brockovich becomes settled at her new job in at the law firm, she is able to stumble upon information about Pacific Gas and Electric detailing the purchasing of a house owned by Donna Jensen in Hinkley, California. Looking at these details further, Brockovich notices the frequency of some strange illnesses in Hinkley. Brockovich travels to the town to make sure she is following the right path. Brockovich eventually meets a man who says he was supposed to cover-up Pacific Gas and Electric’s wrongdoings by destroying some documents, but prevalent medical conditions harming workers of surrounding ponds motivated him to disobey his orders. All of these incidents lead Brockovich to using a…...

Similar Documents

Erin Brockovich Movie Clip

...Erin Brockovich movie clip I have chosen to choose the film Erin Brockovich and the scene where Erin gets rehired. In this scene her ex-boss, Ed, comes to her door to ask about the information that has come to him. Erin tells him that if he rehires her then she will tell him. He then rehires her and they talk about what has been happening with some of the people that are living where they have been affected by the hexavalent chromium. She extorts Ed for a raise and benefits. Erin gets her information about PG&E from the water board by flaunting herself. “The Director of this movie is Steven Soderbergh. The Producers are Carla Santos Shamberg, Danny DeVito, and Stacey Sher. The Cinematographer is Edward Lachman. The Editor is Anne V. Coates. The Costume designer is Jeffrey Kurland. The Screenwriter is Susannah Grant (http://movieclips.com/N4kHP-erin-brockovich-movie-erin-is-re-hired/)”. “The Production Design is by Philip Messina and the Art Direction is by Christa Munro (http://www.imdb.com/title/tt0195685/fullcredits )”. The Director has a very important role. "The director is the one that is responsible for the whole film. The director is the one that interprets the script into their own vision and then decides the final look of the whole film with the production designer and cinematographer. The director will also be the one that is directing the actors as well as the action while it is being shot (Goodykoontz, 2011, Ch. 7)." "The directors are not only the ones......

Words: 1893 - Pages: 8

Fair Value Accounting and Ethics

...Fair Value Accounting and Ethics Presented by: Unit 6: AC504 04.12.2011 Executive Summary Over the past 15 years fair value accounting has been building in popularity. It is now widely used by International Financial Reporting Standards (IFRS) and US GAAP. It is thought that adapting to fair value accounting will make financial statements more relevant and reliable. Currently the majority of assets are recorded under historical cost. Under historical cost the asset is recorded under the price it was purchased at and then depreciated over its useful life. However, this concept has proven to be not as reliable since it does not take into account changing appreciation and depreciation of the asset. Under IFRS and fair value the asset must be annually checked for impairment making it more reliable and relevant. Over 120 countries currently use IFRS (AICPA, 2011). It is anticipated that more countries will begin encouraging it as global competition becomes more prevalent. The SEC is also allowing companies that trade stock within the US to report under IFRS. This is largely due to IFRS sharing many common principles with US GAAP. The main difference is that GAAP provides specific guidelines in how to report, while IFRS is principle based. This allows creators to adapt the standards in a way that would better fit their industry and needs. In order for fair value accounting to be successful, an ethical culture must be established. First a code......

Words: 2591 - Pages: 11

Ethical Issues in Erin Brockovich

...Ethical Issues in Erin Brockovich Erin Brockovich is in a car accident that is not her fault and hires attorney Ed Masry to defend her. He gave her the impression that she would be getting a good settlement, but she lost the case. She is a single mom of three, has no money and is unable to find a job. She blames him for losing the case (due to lack of preparation) and forces her way in to a job at his law firm. Because of the way she dresses and acts, nobody takes her seriously and treats her with respect. She is given a real estate pro-bono file to open involving the purchase of Donna Jensen’s home by Pacific Gas & Electric Company (PS&E). As she read through the documentation, she found it confusing that there was medical information included in the file. Erin becomes suspicious and asks to further investigate the case. After talking with Donna Jensen, as well as other residents of Hinkley, she became aware that they all had similar medical problems. As she digs deeper, she realizes that PG&E was at fault because they were dumping a toxic waste (chromium 6) in the town water and it was poisoning the people in Hinkley. At first, the residents are hesitant to jump on board and go against PG&E because they believe the company has done a lot of good for the community. Erin made it her mission to convince the people and once she did, she was determined to do whatever necessary to make this large corporation pay for what they had done and the lives......

Words: 1602 - Pages: 7

Erin Brockovich (Movie Review)

...Erin Brockovich The movie Erin Brockovich is based on a true story of a heroic paralegal, who uncovers that a California utility company, Pacific Gas and Electric Company, polluted the groundwater around Hinkley, California. Pacific Gas and Electric Company used Hexavalent Chromium to control corrosion in their cooling tower. The wastewater dissolves the Hexavalent Chromium from the cooling towers and then discharges to unlined ponds at the site. This wastewater went into the soil and contaminated the groundwater. As the story unfolds, Erin is using a direct approach with her appearance, dedication, kindness and hard work to unveil a massive water contamination cover-up. Also, there are a few ethical issues arising in this movie about her appearance and the approach that she is choosing to find the truth. She is convincing her attorney Mr. Masory to take the risk and fight against the big corporation. She utilizes her sexuality at the water board to achieve her target. On the other hand, a professionally qualified paralegal would have represented her firm in her manner and appearance. Other than that, in order to obtain the same information’s and documents, a professional paralegal would have sent a subpoena through her law firm. The families who lived in that area had no suspicion that their illnesses were the result of the water contamination. Erin became a paralegal by forcing her way to Mr. Masory’s office to extort a job from him. In order to get a job at Mr....

Words: 628 - Pages: 3

Fair Value Accounting

...Questions for Fair value accounting case 1. What is fair value accounting, what are its advantages and disadvantages 2. How is it different from historical cost accounting 3. What are level 1, 2, 3 assets 4. Give a simple example of level 1, 2, 3 assets 5. Suggest 3 ways to improve reporting fair value assets. ------------------------------------------------- QUESTION 1: Fair value accounting is method of accounting the value of assets, liabilities and shareholders’ equity in rational and unbiased manner by taking into consideration several objective and subjective factors. The objective factors include but are not limited to acquisition/ production/ distribution costs, replacement costs, or costs of close substitutes, actual utility at a given level of development of social productive capability supply versus demand. Certain subjective factors include risk characteristics, cost of and return on capital, perceived utility, etc. Advantages of fair value accounting: 1. Timeliness: The valuation reflects the most up-to-date and market value as of reporting date. The impact of fair value measurements—whether positive or negative on a company—is the result of market forces. 2. Transparency: Investors benefit when companies disclose their views on the impact of market illiquidity in their financial reporting. Investors and other users have greater insight into management’s views as to ultimate settlement amounts. 3. Relevancy: the......

Words: 1011 - Pages: 5

Fair Value Accounting in Crisis

...Fair value accounting and financial stability The recent financial crisis gave boost for intense policy discussion over fair value accounting among US Congress, the European Commission, and banking and accounting regulators all over the world. Critics state that fair value accounting had significant impact on the financial crisis and over exaggerated its force for financial institutions around the world. On the other hand, there those who oppose that fair value accounting was just a measurement tool of measuring assets. Currently both Financial Accounting Standard Board (FASB) and International Accounting Standard Board (IASB) escalated their efforts towards establishment of a single source of guidance for all fair value measurements and clarification of the definition of fair value and related guidance. The IASB is aiming to complete all phases of replacement of IAS 39 Financial Instruments: Recognition and Measurement by IFRS 9 Financial Instruments by 30 June 2011, which would apply to financial statements for annual periods beginning on or after 1 January 2013. In this essay I will provide different opinions for fair value accounting and whether those arguments give potential for further research. First, the essay will provide genesis of fair value accounting and reviews researches dedicated to this issue. Second, the paper will comment on FVA role in the financial crisis and its contribution to it. Third, the essay will analyze historical cost accounting and show......

Words: 275 - Pages: 2

Negotiation Scenario for Erin Brockovich

...Negotiation Scenario for Erin Brockovich Cassandra E. Schumacher Argosy University The scenario I will be using for the bases of this paper is a clip from "Erin Brockovich". I do not know the plot of this movie but what I can tell from this clip is there is some kind of law controversy about a family who has gotten lots of illnesses where they live because of the surrounding area and they want money for all their medical bills. The lawyer from the opposing side offers the $250,000 and says he is firm about it. They then tell him that is not enough money and they start listing all the illnesses that have happened. The opposing lawyer states that these things could of happened because of lack of health, genes, poor high genes, etc. They bring up the fact that they are supposed to be negotiation a fair price for what has happened. The lawyer tells the opposing that he will bring it up to his clients but he knows it will not be enough. The opposing lawyer then says "do you know who we are?" and goes on to say they are part of some billion dollar corporation, pretending like he has some power over the other lawyer because of it. They basically just laugh at him and proceed to walk out. I believe that the first communication issue was truthfully non-verbal. The defending lawyer was very calm and sat properly so his non-verbal showed confidence. As for the opposing lawyer his non-verbal was the problem. He sat though he had some type of power over the defending lawyer and......

Words: 2284 - Pages: 10

Fair Value Accounting

...Did Fair-Value Accounting Contribute to the Financial Crisis? Christian Laux and Christian Leuz I n its pure form, fair-value accounting involves reporting assets and liabilities on the balance sheet at fair value and recognizing changes in fair value as gains and losses in the income statement. When market prices are used to determine fair value, fair-value accounting is also called mark-to-market accounting. Some critics argue that fair-value accounting exacerbated the severity of the 2008 financial crisis. The main allegations are that fair-value accounting contributes to excessive leverage in boom periods and leads to excessive write-downs in busts. The write-downs due to falling market prices deplete bank capital and set off a downward spiral, as banks are forced to sell assets at “fire sale” prices, which in turn can lead to contagion as prices from asset fire sales of one bank become relevant for other banks. These arguments are often taken at face value, but evidence on problems created by fair-value accounting is rarely provided. We discuss these arguments and examine descriptive and empirical evidence that sheds light on the role of fair-value accounting for U.S. banks in the crisis. While large losses can clearly cause problems for banks and other financial institutions, the relevant question for our article is whether reporting these losses under fair-value accounting created additional problems. Similarly, it is clear that determining fair values for......

Words: 14541 - Pages: 59

Leadership - Erin Brockovich

...Erin Brockovich Leadership Review MSA 601 Organizational Dynamics and Human Behavior Submitted by: Tabitha McDaniel Project Instructor: Kenneth Lynch November 11, 2014 Erin Brockovich “Leadership always comes down to a question of character.” - Management expert Warren Bennis (Judge,1999) Being a good leader is done by making the correct choices and inspiring people to complete their tasks and work together as a team. In order to be a great leader you need to think outside the box and travel the road that is seldom or never traveled. A great leader will use their inspiration and determination to complete the tasks no matter what hurdles or problems they may be faced with. They believe in what they do and will go above and beyond to complete their job. The movie Erin Brockovich gives one of the best examples of one person’s determination and drive as she takes on a large corporation who was covering up the fact they were contaminating the water supply in a town. By doing this she displays all the qualities of being a great leader, brings down a corrupt corporation and helps an entire town of families. Erin is a single mother with three children and is relatively broke. She is twice divorced and doesn’t have a college degree. With all of these attributes you wouldn’t think she is the ideal candidate for being a great leader but she turns out to be a great example that leaders can come...

Words: 987 - Pages: 4

Erin Brockovich

...December 7, 1987 officials from PG&E Company advised the State of California they had detected levels of chromium 6 in a groundwater monitoring well north of the compressor station's waste water ponds. These levels were 10 times greater than the maximum amount allowed by law. Known as a cancer-causing agent since the 1920s, chrome 6 is seriously dangerous to the lungs. Since many of the Hinkley residents were reporting respiratory problems, chrome 6 contamination seemed possible. After PG&E reported the pollution to the government, company officials started a program to buy every piece of land in the community thought to be affected by the pollution. This is what medical records had to do with real estate transactions and led Erin Brockovich, a paralegal, to discover the illegal actions of PG&E. It wasn't long before PG&E had 75% of those houses and buildings demolished. The company reported that it was merely responding to vandalism in the area. PG&E distributed flyers discussing the company's use of chromium which one could build a strong case that carefully selected words were deliberately misleading stating that chromium is found in vitamins. Reading these words, one could reasonably think PG&E's hexavalent chromium was good for your health. Failure to properly identify the dangerous "chromium" they had dumped into the environment wasn't PG&E's only omission. The flyer implied that detection of contamination at the compressor station......

Words: 1350 - Pages: 6

Erin Brockovich

...The movie Erin Brockovich is based on a true story of a heroic paralegal, who uncovers that a California utility company, Pacific Gas and Electric Company, polluted the ground water around Hinkley, California. Pacific Gas and Electric Company used Hexavalent Chromium to control corrosion in their cooling tower. The wastewater dissolves the Hexavalent Chromium from the cooling towers and then discharges to unlined ponds at the site. This wastewater went into the soil and contaminated the ground water. The families who lived in that area had no suspicion that their illnesses were the result of the water contamination. Everything started when Erin gets some medical records from a real-estate file. As the story unfolds, Erin is using a direct approach with her appearance, dedication, kindness and hard work to unveil a massive water contamination cover-up. Also, there are a few ethical issues arising in this movie about her appearance and the approach that she is choosing to find the truth. She is convincing her attorney Mr. Masory to take the risk and fight against the big corporation. Erin Brockovich took an unconventional path to her profession, uses her fabulous looks to persuade, all while maintaining the professional conduct. First of all, Erin became a paralegal by forcing her way to Mr. Masory’s office to extort a job from him. In order to get a job at Mr. Masory’s office, her path was to act like a new staff member. Next, Erin starts to research and......

Words: 815 - Pages: 4

Erin Brockovich Ethical Review of the Movie

...ERIN BROCKOVICH (2000) Cast: Julia Roberts, Albert Finney. Directed by: Steven Soderbirgh Screenplay: Susannah Grant The motion picture titled ‘Erin Brockovich’ is written by Susannah Grant and directed by Steven Soderbirgh and is based on true events between the years 1993 and 1996. Released in the year 2000, this Hollywood movie revolves around two characters: Erin Brockovich an American environmentalist and paralegal official. The other character is the US based power and gas firm ‘Pacific Gas and Electric Company’ (PG & E) which is responsible for providing gas and electricity utilities to almost 2/3rds of the northern Californian population. The events surrounding a much publicized and broadcasted case involving PG & E and residents of Hinkley, California expose a plethora of business and general ethical issues that form a sumptuous academic feast  for any business student. Before exploring the central characters of this story and inspecting the varied moral and ethical positions adopted by them in the movie, we must engage ourselves in creating a brief background study of the people and the institutions that play a pivotal role in this intriguing drama of business ethics and it’s relation with human psyche and actions. Main Characters:  a. Erin ‘Patty’ Brockovich: Erin is a thirty three years old - twice divorced single mother of 3 children by the name of Matthew, Katy and Beth who age 8 years, 6 years and 9 months respectively in the beginning...

Words: 3172 - Pages: 13

Erin Brockovich

...“Erin Brockovich” – Movie Overview By Eryn Pilla, Hamilton Onyeukwu & Jennifer Poff The movie “Erin Brockovich” starring Julia Roberts is loosely based on a true story. In the movie, Roberts plays a sassy single mom who is down on her luck and struggling to provide for her three children. She was involved in a car accident and sued the driver of the other car- a wealthy doctor who she felt deserved the blame for the accident. The lawsuit was spearheaded by her lawyer, Ed Masry who eventually lost the case and caused Brockovich to seek employment from him as compensation and charity. During her early time as a legal assistant, Brockovich stumbled across a pro bono file containing information about a case Masry was handling in which Pacific Gas and Electric (PG&E) was attempting to purchase property from the Jensen family. Interestingly enough, contained within the case files were medical records, wondering why those documents were included in the case files for the home purchase, Brockovich decided to investigate further. With the consent of her boss, Masry, Brockovich set out to meet the family and ask questions relating to their ordeal with Pacific Gas and Electric (PG&E). Upon speaking with Donna Jensen, Brockovich discovered that the gas company, Pacific Gas and Electric (PG&E) had provided doctors at their own expense to dismiss the claims of correlation between the sickness of the residents of Hinkley with the company’s chemical – Hexavalent Chromium...

Words: 802 - Pages: 4

The Erin Brockovich Story

...For this paper, I watched the movie Erin Brockovich because it represents numerous social problems. This movie was about a single mother who is trying to raise three young children, while trying to hold down a good job. She also had a very hard time finding adequate daycare for her children. One day, Erin Brockovich was filing papers at a lawyer's office when she came across this real estate document. This real estate document said that Pacific Gas and Electric (PG&E) was going to buy this family's house to build freeway ramp to their company. For some reason, this document intrigued Erin, and so she went to investigate it. She went and talked to the family whose house was in the process of being bought by PG&E and this family had numerous medical problems. Erin went and investigated some water documents about PG&E, and what she uncovered was a massive water contamination cover-up. This family had no idea that their illnesses were the result of water contamination or even that their illnesses had anything in common. PG&E paid them to see a doctor, and PG&E paid the doctor to say that their illnesses had nothing in common. In fact, all these illness were caused by Hexavalent poising. PG&E used Hexavalent Chromium to cool their towers down faster, and they discarded this water in holding ponds. These holding ponds were supposed to be lined, but they were not and the contaminated water seeped into the ground water supply. The holding ponds had been covered up with dirt since......

Words: 346 - Pages: 2

Erin Brockovich

...Erin Brockovich The film Erin Brockovich is relevant today given current environmental crises like global warming and municipal water system failures. The common theme of corrupt corporations seeking to make money at the expense of human health continues to play out on a national and global scale. Erin Brockovich sheds light on the public health issue of clean drinking water, something most view as a human right. It’s a film that many can relate to and can serve as a case study in Environmental Law and Public Health. Purpose of the Film The exact details which reveal why the film was made are unclear. Erin Brockovich mentions being approached by a writer and film studio in the 1990s, however, there is no mention of why they chose to tell her story. One can assume the writer and film studio felt the David and Goliath story of a small town legal secretary taking on a large corporation, was worthy of dramatizing. Their hunch was correct and the film was nominated for an Academy Award. Appropriate Audience This film would suit a wide range, from teens to the 60 plus crowd. There is some swearing so it's not appropriate for children; parents will have to decide if it's ok for their teenage children. Erin Brockovich is a great case study for those studying environmental law or public health. It’s also relevant to anyone studying business or ethics. The science has been called into question, yet the fundamentals of leading an inquiry into a community's drinking water......

Words: 1257 - Pages: 6

Watch movie | Koisuru Tenshi Angelique: Kagayaki no Ashita OVA English Subbed | Ch.191 : Although Their Expressions are the Same