Part 3 The bankruptcy of Enron not only significantly impact the employment and pension of workers‚ but also the relevant major financial institutions‚ including investment Banks‚ commercial Banks‚ pension funds and mutual funds. On Feb. 14th‚ 2002‚ the international accounting standards foundation chairman and former Federal Reserve chairman Paul pointed out that the obvious problems in accounting and auditing profession has formed a kind of crisis after a long-term period of existence. A typical
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1. Define the problem(s) Enron failed to record some of its transactions. Arthur Andersen did not allow the LJM financial statement to stay unconsolidated. 2. Analyze the situation - again‚ take a "lessons learned" approach. You might use the following questions as guides: A. What important internal controls were ignored when LJM1 was created? LJM1 ignored some of Enron’s entries in the books that were missing. Outsiders owned less than 3% of the Special Purpose Entities equities. There was
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International Coastal Clean-up Reaction Paper Ocean Conservancy’s International Coastal Cleanup is the world’s largest volunteer effort for ocean’s health. Each year‚ thousands of volunteers from around the globe participate‚ clearing tons of trash from coastlines‚ rivers and lakes and recording every piece of trash collected. On a beautiful‚ hot‚ sunny and a little bit rainy Saturday‚ we participated in the Annual International Coastal Cleanup at Freedom Island near the Manila-Cavite Expressway
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Reaction Paper 2 In the 4th chapter of “The Land Looks After Us” Martin starts by talking about a weather doctor that the tribe turned to for guidance after a total eclipse blocked out the sun. Though he was ill he helped and went into a trance which allowed his soul to find out what was going on. What he ended up seeing was a vision of god and all that neat stuff. After he became a prophet‚ I think what martin was trying to address with this story was that religion was not only spreading but
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Feminist Therapy Reaction Paper Brittany Rhodes Mississippi College Abstract Feminist Therapy focuses on empowering women and helping them discover how to break the stereotypes and molds of some traditional roles that women play that may be blocking their development and growth. This type of therapy grew out of influences of the women’s movement in the late 1960’s. Feminist therapy is more focused on strengthening women in areas such as assertiveness‚ communication‚ relationships‚ and self
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Nick Schnelle 9/13/12 Mr. McSwiggan SCALE CRJ 9/11 Reaction Paper This movie documented a horrific day in American history‚ September 11‚ 2001. It was a beautiful day in New York City clear sunny skies‚ until 9:47 A.M when the 1st hijacked and plane crashed into one of the World Trade Center Towers. At first people thought it might have been an accident; but‚ at 10:31 A.M‚ another hijacked plane struck the other
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Reaction Paper According to the film‚ it seems that the U.S influence in a lot of different ways. They influence us in terms of speech‚ sense of style and clothing‚ food we eat‚ the movies we watch and even how we think and decide. Our government does not give attention in our education‚ from colonial education to neo education means to maintain the control of U.S in our education. They want us learn based only on their books‚ they are making the young ones like robotic children “don’t ask
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Reaction Paper — Fiction: Short Story “The Jilting of Granny Weatherall” is a small story written by Katherine Anne Porter‚ the American writer. It was published in 1930 along with other short stories alike‚ as part of story collection called “Flowering Judas”. The reaction to this fiction story from a reader’s point of view I’m going to express in this short essay. The whole setting of this story is drawn around the bed of Ms. Weatherall‚ where she is spending the last moments of
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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
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Alissa L. Munez Dr. Trinidad MBA- Colegio de San Juan de Letran Portfolio Management Reaction Paper Natural Disasters and the Philippine Stock Exchange Index: A Garch-M Analysis by Adrian P. Gallido‚ Ph.D. and Martites A. Khanser‚ D.B.A This study examines the effect of earthquakes‚ tropical cyclones and volcanic eruptions on the Philippine Stock Exchange index (PSEi) over the period of 2 January 1985 to 30 December 2010. In the context of the Philippine Market‚ the composite index can be seen
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