FratFiles

• Save Paper

The Oil Reserves of Royal Dutch Shell

"Initially there is simply a business problem. Then people start messing with the numbers to cover it up." Christian Leuz, Wharton

Aim

I will look into how Royal Dutch Shell (hereafter only Shell) has accounted for their oil reserves as a practise of looking for grey areas in Finacial Accounting.

I choose Shell because when the news broke out, the international financial press was quick to label it "Europe's Enron" and after reading about Parmalat and the US scandals it was interesting with a European one. As the media rage over corporate wrongdoing grows louder, it could be likely that Europe might see its own version of corporate governance reform, comparable to the legislations in the US?

Christian Leuz, a professor of accounting at Wharton, has done research which incorporates information from some 8,000 companies in 31 countries to support his contention that insiders use discretion in financial reporting to boost......

View the rest of this paper...

Approximate Word Count: 1984
Approximate Pages: 8 (250 words per double-spaced page)

Similar Essays

1. Royal Dutch Shell
   

   Royal Dutch Shell. The Oil Reserves of Royal Dutch Shell "Initially there
   is simply a business problem. Then people start messing ...

2. Royal Dutch/Shell: Human Rights In Nigeria
   

   Royal Dutch/Shell: Human Rights in Nigeria. Brief background Shell was exploiting
   the natural reserves of oil and gas from the Nigerian ...

3. Intermediarires For Shell And Bp
   

   ... Full-size organizations like Royal Dutch Shell and BP will employ
   intermediaries for more than just legal or financial necessities. ...

4. Management
   

   ... Overview The Royal-Dutch/Shell groups of companies is an Anglo-Dutch group, the
   holding companies who own the group being The Shell Transport and Trading ...

5. Shell Case Analysis
   

   ... 1. INTRODUCTION_____ _____ Royal Dutch/Shell officially
   opened an oil extraction facility on June 19 ...