Chapter 7 Reflection Paper Financial Accounting Buildings‚ machinery‚ equipment‚ furniture‚ fixtures‚ computers‚ cars and trucks are examples of assets that will last for more than one year‚ but will not last indefinitely. These are some examples of long-lived non-monetary assets. When these assets were acquired‚ the company has made an expenditure. If the company will benefit in the curret period‚ the cost of the goods are expenses. If the benefits are expected in future periods‚ the costs are
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Enron Case 10.8.2014 Melissa Becker Boya Du Sidi (Fiona) Chen Wei (David) Yu In June of 2001 Enron’s new CEO‚ Jeff Skilling‚ was heralded as the “No. 1 CEO in the entire country and Enron was saluted as “America’s most innovated company.”1 Just six months later‚ in December‚ Enron filed for bankruptcy. The failure shocked the public and angered investors. How could this have happened? Did no one see this coming? Where were the accountants? Where were the controls? Enron’s public troubles
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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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Enron Summery of Enron case The Enron scandal has far-reaching political and financial implications. In just 15 years‚ Enron grew from nowhere to be America’s seventh largest company‚ employing 21‚000 staff in more than 40 countries. But the firm’s success turned out to have involved an elaborate scam. Enron lied about its profits and stands accused of a range of shady dealings‚ including concealing debts so they didn’t show up in the company’s accounts. As the depth of the deception
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awards and accolades from award-giving bodies that acquaint the achievements in spreading the betterment of the environment and society. To further elaborate and understand this‚ there will be four examples of companies in the latter part of this paper that do CSR and how CSR really help them to be more established and well-known in the Philippines. In relation with the previous‚ in the Philippines‚ it is a mere fact that there are many companies that really do CSR‚ but what we are going to focus
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President Benigno Aquino the Third (aka‚ Noynoy) of the Republic of The Philippines made his State Of the Nation Address today. I will legitimately link to the whole thing at the end of this post‚ but for the moment‚ here are my impressions of his words and how things look like from my perspective on the country. Do I agree with what he’s been saying? Yes. And no. There are no overt lies and spinning in the President’s SONA‚ for even a malfunctioning democracy as ours does not need propaganda
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Analysis of Enron MBA 503 University of Phoenix 05/10/06 Describe the Situation "Enron is now officially out of the energy business. They are now in a new business: confetti." Jay Leno http://politicalhumor.about.com/library/blenronscandal.htm It is a shame that one of the most powerful companies has now gone out of business‚ had reputations destroyed and used millions of tax payers dollars on court costs; all due not having good business ethics. This paper will show
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Reaction Paper on School Etiquette Etiquette is a key of having peace and harmony‚ in every time and every place one should observe order and rules. Since we enter school we are bound to obey rules and regulations of the institution we are with. Badly some of us know the rules yet we do not obey it. Some of the etiquette we should observe is always be on time‚ as a student we should always be on time‚ we should practice not to be late. As a student we should not act like barbaric people‚ when
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The novel Our Guys‚ written by Bernard Lefkowitz‚ is a very dynamic story about the heinous actions of a dozen middle-class athletes‚ from a small New York suburb‚ against a defenseless mentally handicapped girl. Lefkowitz describes a brutal gang rape involving a baseball bat and broomhandle‚ which took place in this unsuspecting town‚ by these upstanding young group of boys‚ as the town would describe them. Lefkowitz looks at the incident which took place and then examines the "jock clique" sub-culture
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Reaction paper to the National Museum of the Philippines The outside architecture of the museum says it all. It was built really for a special reason. And that reason is to be a home to our country’s most phenomenal items like paintings made by our national artists‚ fossils of our great ancestors and many more. And as I tour the inside of it‚ the more I understand things my MAKABAYAN‚ SIBIKA‚ A.P. and HISTORY teachers are saying. It really helps a lot in my understanding. It’s like coming alive
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