To Identify the Perception of Accounting Students in the University of Puerto Rico, Rio Piedras Campus, Towards the Accounting Profession After Enron.

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Table of Content

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Executive Summaryvi

I – Introduction1

A. Statement of the problem1

1. Scope1

2. Limitations1

B. Factor of the problem1

C. Background to the problem1-3

1. Security Exchange Commission4

D. Limitations4-5

II – Methodology 5

A. Sample5

B. Instrument5

III – Report Findings 5

A. Analysis of findings5-6

B. Interpretation of findings7-8

IV – Conclusion & Recommendations 8

A. General conclusion8

B. Personal Opinion8-9

C. Recommendations 9

V – Appended Parts10

A. Appendix A: References11

B. Appendix B: Instrument16

C. Appendix C: Charts & Graphs18

D. Appendix D: Answered Questionnaires22

E. Appendix E: Tally Sheet26

Executive Summary

Conclusions drawn from this study suggest that the Security Exchange Commission (SEC) should take in consideration the following recommendations: Protect more efficiently multinational companies, add and request more restraints on financial reports. Supporting there recommendations are the following findings and conclusions drawn from the investigative study of accounting students in the University of Puerto Rico, Rio Piedras Campus. The data show that the perceptions of accounting students towards the accounting profession have not changed. The last question on the questionnaire asks this question directly, out of 75 students 30 answered no, that’s 40%. The other 33.33% (25 students) answered yes and 26.67% (20 students) abstained for answering. Investigating which entity was most affected by this 40% (30 out of 75 students) of the students surveyed agreed on multinational companies. The other 26.67% (20 students) think that all where affected by this case (multinational & local companies, government & personal businesses). The people working where thought by 20% (15 students) of the students to be the most affected, 13.33% (10 students) believe personal businesses where. Trough the survey was asked if you thought this case had a positive, negative or both impact on the accounting profession. An overwhelming 73.33% (55 students) agreed it has had a negative and positive impact. The other 13.33% (10 students) think it has had a positive impact, 6.67% (5 students) believe on a negative impact and 6.67% abstained from answering. To identify the perception of accounting students in the University of Puerto Rico, Rio Piedras Campus, towards the accounting profession after Enron.

Introduction
The problem statement that I choose as mentioned before is: “To identify the perception of accounting students in the University of Puerto Rico, Rio Piedras Campus, towards the accounting profession after Enron.” The scope for my statement problem can be all the Universities in Puerto Rico that teach accounting in their facilities, by I choose to limit my investigation to the accounting students at the University of Puerto Rico, Rio Piedras Campus.

The factors for my problem statement that I’m going to select are: Enron history, accounting standards development, the future of accounting and students and professionals points of view towards the future of the profession.

As I decided to study the Enron case, I decided to educate myself a bit more about their background. I found that Enron Corporation, in a matter of fifteen years, went from being a small corporation of gas in Texas to the seventh larges company in the United States. To understand how this happened, I decided to do some research about their history and here are some of the important dates and facts that I found:

In July 1985, Houston Natural Gas merges with InterNorth, a natural gas company based in Omaha, Neb., to form the modern-day...
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