Enron The collapse of Enron Corporation an American energy‚ commodities and services based Company in Houston‚ Texas reinforces why unethical business practices are not the foundation for an enduring and sustainable enterprise. Good business practices is rewarding because it builds sustainable company‚ trust‚ integrity and organizational growth. In the article Enron ethics: Culture matters more than codes‚ reminded us that before the scandal‚ Enron appeared to have the best organization
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Enron and How it Affected the Accounting Industry Enron once was one the United States largest energy company and was ranked Fortune’s seventh richest corporation in the United States. When Enron had a filed for Chapter 11 bankruptcy in 2001 it unraveled to be one the biggest accounting scandals in United States history. There are many factors that contributed to Enron’s demise but their aggressive and unethical accounting practices were the key component. As a result‚ the accounting industry
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collapse of Enron had substantial and far-reaching ramifications throughout the financial investment field‚ tax compliance professions and the accounting profession. Intense Congressional scrutiny resulted in a new era of transparency in financial reporting‚ stricter reporting standards as provided in Sarbanes-Oxley and substantial penalties for failure to comply with new financial reporting and tax compliance standards in the Internal Revenue Code (Bottiglieri et. al.‚ 2009) Enron Assignment
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The Enron Kaiwing Ho Ethics‚ Governance & Accountability BU.135.301.U2.FA12 Professor Crain November 21‚ 2012 Enron Since Enron Corporation has been bankrupt there were 20‚000 employees lost their jobs‚ medical insurance and average severance pay was only $4500. However‚ the top executives were paid bonuses totaling $55 million. In 2001‚ employees lost $1.2 billion in retirement funds and retirees lost $2 billion in pension funds. Yet‚ Enron’s top executives cashed in $116 million
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UVA-F-1299 Rev. Feb. 8‚ 2011 This document is authorized for use only by Mattia Tenaglia at Tecnologico de Monterrey. Please do not copy or redistribute. Contact permissions@dardenbusinesspublishing.com for questions or additional permissions. ENRON CORPORATION’S WEATHER DERIVATIVES (A) Everybody talks about the weather‚ but nobody does anything about it.1 In October 2000‚ Mary Watts‚ the chief financial officer of Pacific Northwest Electric (PNW)‚ a utility servicing the Pacific Northwest
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Enron: The Smartest Guys in the Room Importance of Accounting Accounting is important because it manages the checkbooks of company which are important to analyses and determine the success of the business by looking through the different account statements and translating the company documents. An accountant or accounting firm starts and maintains auditing of a company. Accounting is also important because it offers a great assistance in planning the future investments as well as being able
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The Blue Jar The Blue Jar contains a variety of important elements in terms of prose fiction. With a unique plot structure‚ manner of symbolism‚ theme‚ and depiction of characters‚ Dinesen develops an interesting work of fiction that seeks to instill certain ideals in the reader. The point of view is that of an omniscient narrator. The Blue Jar’s plot follows the track of exposition‚ rising action‚ climax‚ falling action in a unique manner with a “double plot” mechanism. Also‚ it isn’t solely
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THE LANGUAGE-BASED MODEL Literary Texts : The Jar of Tassai and The Big Day Grammar Lessons/Points : a. Prepositions/Prepositional Phrases b. Tenses of Verbs (Simple Past Tense) A. Prepositions/Prepositional Phrase * A preposition is a word that shows the relationship of a noun or a pronoun to some other word in a sentence. Rule : A preposition always introduces a phrase. The noun or pronoun that ends a prepositional phrase is the object of the preposition which introduces
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The presentation and significance of moments when light and dark imagery are brought to the fore. Light is a motif encountered in The Bell Jar and Thérèse Raquin‚ used to illuminate true human nature. In The Bell Jar‚ Sylvia Plath’s use of mirrors conveys Esther dissociated identities; the mirror is a reminder of her inability to understand herself‚ and presents the difference between her inner self and the person she exhibits to the outer world. Similarly‚ Emile Zola uses light in Thérèse
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Paola Jimenez Mrs. Williams Reading 3 November 5‚ 2012 “A Smart Cookie” The passage “A Smart Cookie‚” from The House on Mango Street is about a mother who made a choice early in her life which negatively impacted her future. All of us make choices that set the course of our lives. This statement means that the decisions that we make determine our future because there are consequences for our actions which follow us‚ for a lifetime. First of all‚ the statement “all of us make choices that
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