What Is a Reportable Segment? A reportable segment is a phrase that relates to international accounting procedures. An exploitable segment is a portion of a business that generates its own revenues and expenses and has its own assets and liabilities. A reportable segment is an exploitable segment that makes up at least 10 percent of the overall business’s revenues or assets. In effect‚ a reportable segment is like a business within a business. International accounting standards require that public
Premium Generally Accepted Accounting Principles Financial ratios
Imane Malihi Prof. Fred Friend BLW411/511 March 27‚ 2014 The Downfall of Enron Corporation “Ethics and integrity are at the core of sustainable long term success … Without them‚ no strategy can work and‚ as Enron has demonstrated‚ enterprises will fail. That’s despite having some of the ‘smartest’ guys in the room.” by Richard Rudden. As the quotation states‚ ethics and integrity play a key role in the success of any corporation; through these principles‚ companies can ensure their compliance
Premium Enron
Introduction 2 2. History 3 a. Formation 3 b. Operations 3 c. The Success 4 d. All that glitters is not gold 4 e. The Fraud 4 3. Products 5 4. Enron Scandal – The Company Fraud 8 f. What Happed? 8 5. Techniques used in the Company Fraud 9 g. Revenue Recognition 9 h. Mark-to-market accounting 9 i. Special Purpose Entities 10 j. Executive
Premium Enron
HP has tried to spread and institutionalize this concept by wide exposure in company publications‚ meetings and training sessions and by the example of upper management. HP feels it’s the best use of people which aids the coordination of the design‚ manufacturing‚ and distribution process. For getting the best out of its employees‚ HP has used a competitive performance appraisal and salary administration process. In this system‚ “wage curves” for various levels are
Premium Hewlett-Packard Management
Hundreds of Mysterious Tunnels Were Discovered in Brazil…Experts Are Amazed and Confused! Hundreds of mysterious tunnels that are older than 10 thousand years were discovered in Brazil. On the walls of these amazing tunnels there are mysterious claw marks. According to geologists‚ there are not known geological processes that can create such long tunnels with elliptical and circular cross sections that rise‚ fall and branch. Moreover‚ there are no tunnels that have claw marks on their walls. There
Premium Armadillo Geology Scientist
Question 1) Understand the main legislation‚ guidelines‚ polices and procedures for safeguarding children and young people. 1.1 There is no single piece of legislation that covers child protection in the UK‚ but rather a collection of laws and guidance that are continually being amended‚ updated and revoked. Laws are amended by new legislation passed by Westminster‚ the Welsh Assembly Government‚ the Northern Ireland Assembly and the Scottish Parliament. This is known as statutory law‚ but laws
Premium Sex offender Children's rights in the United Kingdom Childhood
Current issue: Scandals in auditing Enron Scandal 1. Introduction Accounting scandals are political or business scandals which arise with the disclosure of financial misdeeds by trusted executives of corporations or governments. These days‚ not too often‚ these scandals are splashed as headlines across media. Why? Because there are complex groups of stakeholders who might be seriously affected by the scandals. Enron scam was the most remarkable scandal in 20 centuries by their institutionalized
Premium Enron Arthur Andersen
governance in the United States. Enron was a company that was ranked as seventh out of the five hundred leading companies in the United States and is the largest U.S. energy company that went bankrupt leaving debts amounting to nearly U.S. $ 31.2 billion. In instance with the case of Enron known occurrence of moral threat behavior such as manipulation of financial statements with a record 600 million dollar profit when the company suffered a loss. Manipulation of profits caused by the desire companies
Premium Enron Enron scandal
very rotten in the state of Enron.” This quote by Michigan Senator Carl Levin is a twist of words from a famous playwright‚ Shakespeare’s Hamlet; “Something was very rotten in the state of Denmark.” From the play‚ this was recited because there was a lot of corruption in Denmark from the betrayal in royalty. In comparison to Levin’s quote‚ there was betrayal of Enron leaders to their employees‚ as well as the company itself. Between the years of 1979 and 2001‚ Enron was known for the largest market
Premium Enron
Enron: Leadership without Ethics and Practical Execution Enron‚ once one of the largest energy public companies globally‚ achieved a $65 billion asset volume but only took 24 days to go bankrupt. Initially‚ its main service is extracting natural gas and manufacturing energy-using products‚ but the excessively aggressive and benefit-oriented type of operation makes the company create lots of so-called "innovative" investment department and financial products. All these activities played as the
Premium Enron