Company Stock Project Write-Up Southwest is one of the most growing domestic airlines along with JetBlue Airways and United Airlines. Southwest airline was first established in Texas in 1967. In the start of its business‚ southwest focused only in the Southwest region (that’s where the name came from). With 45 years of service‚ Southwest expands its company to the whole country with more than 3‚400 flights each day. Southwest currently has a total capital of 10‚991 million dollars. In 2011
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entertainment (Enron‚ the Smartest Guys in the Room‚ 2005) Introduction There is a proverb “too good‚ to be true”‚ and it means the same‚ that some things are too great‚ to be real. In business world‚ it is often used to describe market conditions or companies under unbelievable success. Although‚ there were not too many companies that would fit the saying Enron was one of them. In a period of sixteen years‚ Enron’s value grew from 10 to 70 billion dollars making it the seventh biggest company in the
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Enron: The Smartest Guys in the Room I. Review of the documentary Enron: The Smartest Guys in the Room is a documentary that was produced in 2005 as a reflection of the 2003‚ bestselling book with the same name. The documentary was written by Bethany Mclean and Peter Elkind. The film‚ produced by Alex Gibney is an explicit demonstration of how reputable corporations can tumble down because of illicit financial management. The film is about the Enron Company‚ which experienced enormous financial
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1 Auditing issues in Enron case Independent Needed for the Houston office of Andersen‚ an audit partner that understands the role of being a "public watchdog" with "ultimate allegiance to the creditors and shareholders" . Arthur Anderson abandoned its roles as independent auditor by turning a blind eye to improper accounting‚ including the failure to consolidate‚ failure of Enron to make $51million in proposed adjustments in 1997‚ and failure to adequately disclose the nature of transactions with
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Course Subject: Accounting for Decision-making Course Code : GSM5301 Group : 8 Case Study : Prestige Telephone Company Background of Case Study In April 1997‚ president of Prestige Telephone Company (PTC)‚ Daniel Rowe‚ was making arrangements to meet with its computer data service subsidiary Prestige Data Services’ (henceforth PDS) manager Susan Bradley. This subsidiary performs data processing for the telephone company and sells computer services to other companies. In 1994‚ Rowe suggested
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What is the evil What could be consider as evil? What do you understand for evil? Would if you tell your wife you have a meeting and you will be home late‚ but in fact you went to a bar instead could be consider as evil? In “the nature of evil” Eagleton gives a definition for evil as “evil is not something positive but a kind of lack or defectiveness‚ a sort of nothingness or negativity‚ an in ability to be truly alive”(Eagleton1). Which means evil is some action due to lost confidence to live well
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ENRON: THE SMARTEST GUYS IN THE ROOM Kenneth “Ken” Lay‚ the founder of Enron Corporation grew up from a poor family. His father was a Baptist ministry. Ken Lay works many jobs at the same time. He was aiming to make wealth for himself and for his family. From his childhood‚ he learned the value of hard work to earn a living and to achieve his ultimate goal (to be rich). He actually did work so hard‚ been working with different companies and upgraded his skills and education in obtaining Ph.D. degree
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Q 1: Evaluate Enron profit and cash flow performance during the period 1998 – 2000? Profitability Measures Enron’s reported net income grew from $703 million in 1998 to $979 million in 2000‚ totaling 35.1% profit growth for the three-year period. Enron was among the leading of “high performing” companies by sustaining a high earnings growth insight. However‚ as Table 1 indicates‚ Enron’s reported profits were microscopic relation to revenues. Net income did not grow at anything near the same
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What is a Policy? A policy is a guiding principle used to set direction in an organization. It can be a course of action to guide and influence decisions. It should be used as a guide to decision making under a given set of circumstances within the framework of objectives‚ goals and management philosophies as determined by senior management. But is it? There are really two types of policies. The first arerules frequently used as employee policies. The second are mini-mission statements frequently
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1961. Elster‚ J. 1989. Nuts and Bolts for the Social Sciences. Cambridge: Cambridge University Press. Elster‚ J. 2007. Explaining Social Behavior. More Nuts and Bolts for the Social Sciences. Cambridge: Cambridge University Press. Frank‚ M. 1984. What is Neostructuralism? trans. Sabine Wilke Gray‚ foreword by Martin Swab Garfinkel‚ H. 1967. Studies in Ethnomethodology. Cambridge: Polity Press‚ 1984. Giddens‚ A. 1976. New Rules of Sociological Method. A Positive Critique of Interpretative Sociologies
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