directors he was able to misled the investor which bring about Enron filing for bankruptcy in 2001. In early‚ 2002 criminal investigation was open by US department of Justice into Enron’s collapse. The Security exchange commission (SEC) also opened the investigation into Arthur Andersen as well because they destroy and hide evidence of Enron’s financial statement. The role of the auditing giant Arthur Andersen in the collapse of Enron is incomprehensible to some. The accounting firm overlooked significant
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Introduction A sand casting or a sand molded casting is a cast part produced by forming a mold from a sand mixture and pouring molten liquid metal into the cavity in the mold. The mold is then cooled until the metal has solidified. In the last stage the casting is separated from the mold. There are six steps in this process: (see sketch below): 1. Place a pattern in sand to create a mold. 2. Incorporate a gating system. 3. Remove the pattern. 4. Fill the mold cavity with molten metal
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Case Study: Enron Corporation Accounting Scandal 1. What is Enron Scandal? Formed in 1985 from a merger of Houston Natural Gas and Internorth‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial contracts linked to the value of energy
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Case 9 Enron: Questionable Accounting Leads to Collapse How did the corporate culture of Enron contribute to its bankruptcy? The corporate culture at Enron was centered on a twisted lack of ethical behavior based on greed and profit seeking. Top management set a tone in the workplace that encouraged risk and rule breaking in the name of revenue. Employees were compensated for unethical behavior that brought money into the company and terminated if they did not reach the monetary levels of
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Khristle Joy Hutalla BSBA 2301 Questions 1. In the case study‚ we referred to the systems being developed and used as decision support systems. However‚ we also identified various artificial intelligence (AI) technologies. How can a decision support system incorporate and use AI technologies such as pattern recognition? - Artificial Intelligence (AI) tools and techniques can aid in the diagnosis of disease states and assessment of treatment outcomes‚ so AI can be used by a decision support system
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The Enron Controversy: Techno-Economic Analysis and Policy Implications Girish Sant and Shantanu Dixit PRAYAS Subodh Wagle CEEP‚ University of Delaware‚ USA The Enron Controversy‚ Prayas‚ Sept. 1995 4 Ÿ The Enron Controversy Contents Summary 1. Power Purchase Agreement (PPA) Between Dabhol Power Company and Maharashtra State Electricity Board: Structure and Implications 2. The Enron Deal: Why the First Stage Should Be Cancelled 3. The Enron Controversy: Alternative Options For
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recommendation is based on understanding the basic nature of disruptive technologies‚ and their future impact on the steel industry. Kappmeyer is currently making the decision based on short-term gains. With this proposal USX will have 2.6M ton capacity which 3 times greater than Nucor’s 0.8 M ton but the conventional method is not sustainable on a long term basis. CSP technology currently does not fit in Kappmeyer’s upgrade of the Mon Valley plant due to physical locations‚ feasibility‚ quality and other
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CONTENTS: PAGE NO 1. INTRODUCTION…………………………………………........ 2 2.1 Introduction to Study…………………………………………… 3 2.2 Objective of Study……………………………………………… 3 2.3 Scope of Study………………………………………………….. 3 2.4 Study Methodology……………………………………………... 4 2.5 Introduction to Steel Industry…………………………………… 5 2.6 Executive Summary…………………………………………….. 8 2. COMPANY PROFILE………………………………………….. 9 2.1Growth & Evolution……………………………………………
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Enron Case Study XXXXX XXXXXXXXX State College Enron Case Study Enron was a corporation founded in 1985‚ when a merger combined Houston Natural Gas and InterNorth (Thomas‚ 2002). Throughout the first five years of Enron’s existence‚ they had many struggles. According to Salter (2005)‚ the first years had many “near death” experiences. Eventually Enron was able to prevail over their many “near death” experiences. In 1989‚ “Enron locked in its first fixed price contract to supply natural
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ENRON: The Idiocy and the Irony Introduction Red flags were blinding as Enron learned about possible corruption with Enron Oil Trading in Valhalla‚ New York. After the merger between HNG and InterNorth‚ the Valhalla office‚ originally established by InterNorth seemed all but forgotten until quarterly and annual reports were due. Supervisors Tom Harding and Steve Sulentic were rarely on-site‚ preferring the comfort of offices in Houston. Louis Borget who established and operated the trading
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