collaboration with major banks‚ SPEs borrowed money‚ often with direct or indirect guarantees from Enron. The cash was used to benefit Enron‚ but was not necessarily transferred to Enron. Enron did not report debt on its financial reports. It did not disclose the contingent liability for the debt as required by GAAP. Various methods described next were used to transfer the cash and further manipulate financial reports. Enron had investments in companies (which were not SPEs) that it consolidated or reported
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second issue is SPEs. By following the accounting rules‚ if a company consolidate SPE‚ it should put the assets and liabilities into its own balance sheet‚ and if unconsolidated SPE‚ the balance sheets should be reported separately. In Enron’s case‚ the management team use SPE crafty. Enron sold their asset and shares to SPE. What Enron did is they reported the SPE’s gains‚ for example the gain from their own stock’s increase‚ in Balance Sheet‚ but they did not record the debts of SPE in their Balance
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Gillette will deal with the lawsuit in an appropriate way. Waverly doesn’t have to worry about this. American International Group Case Key agents: American International Group‚ a multinational insurance corporation. PNC‚ which wants to use AGI’S SPE service. Ernst&Young‚ PNC’s audit firm. Michael Joseph‚ a partner of Ernst&Young Overview: AIG started a new
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Abstract Zimbardo’s Stanford Prison Experiment (SPE)‚ investigating the effects of roles in a simulated prison environment‚ significantly impacted the psychological understanding of role conformity. However‚ recent evidence suggests results from this seminal experiment are less reflecting of role conformity‚ with findings alternatively attributed to demand characteristics. This critique is constructed as further examination of SPE revealed participants were able to predetermine the experimental hypothesis
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Gustavo Valencia SPE-226 12-08-2014 Kimber Underdown Educating Special Needs Students A good dedicated passionate teacher is the one who thinks that all students can succeed. With this belief‚ teachers can inspire themselves to find any route possible to help the students in having a successful life in school and anywhere else. When it comes to special education‚ this belief really needs to be a true one because special education teachers will have to deal not only with behavioral students or students
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Laser Perforations" (pdf 461 KB) GTI Document No. GTI-05/0243‚ GasTIPS‚ 11‚ No. 4 (Fall 2005)‚ pp. 18-21. 3. Gahan‚ B.C.‚ Batarseh‚ S.‚ Watson‚ R.‚ Deeg‚ W. 2005. "Effect of Downhole Pressure Conditions on High-Power Laser Perforation‚" SPE Paper 97093‚ SPE Annual Technical Conference and Exhibition‚ Dallas‚ TX‚ October 9-12. 4. Gahan‚ B.C. "Processing Rocks‚" Industrial Laser Solutions‚ Sept.(2005):16-18. 5. Gahan‚ B.C. "Fiber Laser Offers Fast Track to Clean Perforations" (pdf 277 KB)‚ GTI
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My Joys and Pains in my SPES Summer job 2012 School year ends‚ different plans comes our way. Vacation here‚ gimmicks there‚ or even party everywhere. These are few of the things which drive the satisfaction of students when school is over. But practical students have better idea of spending their vacation wisely and this is to apply for a summer job. Special Program for the Employment of Students or better known as the “SPES Summer job Program” is a program spearheaded by our ever-dynamic Governor
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Valinda Hinkey SPE 226 April 15‚ 2012 Betty Cokeley Educating the Exceptional Learner Introduction An observation was completed on a 2nd grade student who has two different types of visual disorders. The first disorder is dyslexia and the second disorder is a visual disorder which requires the use of an overhead projector with instructions being written in fluorescent colors. The observation was a math activity which involved counting‚ identification of colors‚ simple addition‚ and graphing
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Wikipedia and “In the Beginning” in SPE: Wikipedia states‚ “The term ‘affirmative action’ was first used in the United States in Executive Order 10925 and was signed by President John F. Kennedy on 6 March 1961‚” while SPE negatively mentions‚ “In 1972‚ affirmative action became an inflammatory public issue.” Similar remarks continue throughout the encyclopedias. However‚ Wikipedia’s coverage of this topic is more restricted. In terms of inclusiveness and granularity‚ SPE contains more examination‚ details
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Enron History Special Purpose Entities (SPEs) were used and often abused by most large corporations in the late 1990’s. Enron was likely the corporation that abused the accounting treatment the most‚ but certainly not the only one. The Enron SPEs were not hidden from the auditors or the investing public‚ but were so extensive‚ invasive‚ and complex that no one‚ including primary architect‚ Andrew Fastow‚ was able to understand the total implications. The 2000 financial statements for Enron included
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