ALL INDIA MANAGEMENT ASSOCIATION

A
SYNOPSIS ON

“ACCOUNTING SCANDAL
(CASE STUDY OF
LEHMAN BROTHERS HOLDING INC 2008)”

SUBMITTED BY

NAME :

ENROLLMENT NO :

NODAL CENTRE CODE:

ADDRESS FOR CORRESPONDENCE:

Submitted in partial fulfillment of the requirements for qualifying

Post Graduate Certificate in Management (Public Accounting)

2021

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 CONTENTS OF SYNOPSIS

CONTENTS PAGE NO.

1. Working Project Title………………………………………….…………...3

2. Introduction to topic...……………………………………..…………..…...4

3. Objectives and Scope of the study……………….………………………….5

4. Research Methodology …………………………………………………….6

5. Proposed contents of Dissertation…………………………………………. 7

7. Work Plan……………………………………………………………………8

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 1. WORKING PROJECT TITLE

“ACCOUNTING SCANDAL
(CASE STUDY OF
LEHMAN BROTHERS HOLDING INC 2008)”

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 2. INTRODUCTION TO TOPIC

Accounting scandals
Accounting scandals have served as reminders of the low points in corporate
history. These scandals involve cheating investors, duping stakeholders, and
rendering many people jobless while trying to maintain the brand name and
goodwill of the company. They are intentional manipulation of accounts.

The basic purpose of preparing financial statements of any organization is to

represent or portray its true financial position and health. Accounting
transactions are recorded as per the accepted accounting standards of that
particular nation.
The financial statements should reflect the accounting position of the
company. Also, it is the auditor’s duty to ensure that the books are maintained
in a fair manner―the company does not intend to mislead its stakeholders.

A carefully planned accounting fraud looks out for loopholes in laws, or

simply uses accounting gimmicks to present financial statements that are
completely misleading. Fake and fabricated accounts, fake expenses, assets,
or income to show that the company is in good financial condition is simply
done to maintain the company’s brand name in the financial market, and
increase its stock prices. It is saddening to know that big giants with good
reputation have been involved in such frauds.

Financial statement
Financial statements are meant to represent the true and fair state of company
financial position and performance at a particular point of time. They are used
to convey the written records of activities of company. It helps the user
determine the financial health of the company. Financial statements are
prepared by management in accordance with a particular framework usually
general purpose framework such as GAAP or IFRS.

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OBJECTIVES AND SCOPE OF THE STUDY

OBJECTIVES
1. To analyze the company financial statements and Auditors Report.

2. To study the Accounting fraud of Lehman Brothers Holding Inc.2008

3. To study and analyze the transactions or misstatements involved in the

case.

4. To study the regulations or law implemented after the debacle.

SCOPE

My study is confined to investigate theoretically the accounting scandal that

took place in Lehman Brothers Holding Inc in 2008. Analyse the financial
statements of the company and determine the correct financial position of the
company.

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 5. RESEARCH METHODOLOGY

METHODOLOGY : Secondary Data

EXPLANATION OF THE METHOD:

Research methodology in a way is a written game plan for conducting research.

Research methodology has many dimensions. It includes not only the research methods
but also considers the logic behind the methods will be used in the context of the study and
complains why only a particular method of technique will be used. Descriptive research
procedure will be used for describing the recent situations in the organization and
analytical research to analyze the results by using research tools.

STASTICAL TOOLS: MS-EXCEL will be used to prepare pie- charts and graphs and
MS-WORD will be used to prepare or write the whole project report.

METHOD YOU WILL USE TO CLASSIFY DATA:

Secondary Data:
Secondary Data are those which have already been collected by someone else and
which have already been passed through the statistical process. Secondary data will be
collected from the reports of the company, books, journals, and internet. It is gathered
from annual reports, official records and standing orders of the units here will be done the
analysis on basis of secondary data, which include:
a) Balance Sheet of the company
b) Profit and loss A/C of the company

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 6.PROPOSED CONTENTS OF DISSERTATION
1. Introduction
2.Objective of the study
3.Review of Literature 
4.Methodology (Details of methodology will be used in studying and collecting the data
and issue will be described) 
5.Data analysis and interpretation
6.Findings and Recommendation
7.Conclusion
8. Limitations of the study
References
Appendix

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 7. WORK PLAN
Study of the concept 1days
Framing of objective and scope 1 days
Conducting the Survey 30 days
Organizing the data 2days
Data analysis, Suggestion & Conclusion 2 days

Reporting 1 days

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