Enron Ethical Issue

ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES

ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES
Lecturer: DR SITI ZELEHA ABDUL RASHID

Prepared by: SAMIRA ALVANDI SHAHRZAD KARIMI HAMED KHAZAEI

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ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES

ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES

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ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES

Table of content:
Abstract……………………………………………………………………………..…...4 1. Introduction ……………………………………………………………………..……5 2. Literature review ……………………………………………………………….….....5 2.1 Accounting failure concept:……………………………………………….…..….5 2.2 Sample of accounting failure in organization………………………………....…6 2.2 Ethical issue concept………………………………………………………….….9 3. Research methodology…………………………………………………………..…...12 4. An insight Case Study Analysis: ENRON Corporation…………………………..….12 4.1 company background……………………………………………………………13 4.2 company vision …………………………………………………………………13 4.3 company mission ……………………………………………………………….13 4.4 company value…………………………………………………………………..13 4.5 Enron organization chart………………………………………………………...14 4.6 Enron`s and Main division of work,………………………………………….….15 5. Enron performance analyzing and finding………………………………………...…20 5.1SWOT analysis………………………………………………………………..….20 5.2 financial performance analyses…………………………………………….….…21 5.3 Non-Financial and Ethical Issues Analysis………………………………………27 6.0. Causes of Collapse...........................................................................................29 7.0 Enron`s collapse Improvement Proposal………………………………………….…32 8.0 Conclusion …………………………………………………………………………..36 References ………………………………………………………………………………38

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ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES

Abstract:
The purpose of this paper is to understand the cause and affect of accounting failure in an organization which ultimate to bankruptcy and propose solution to address these issues .The company that has chooses for evaluate and assessment of accounting failure names Enron company which was largest producer

References: 1.Coleman, R., & Wilkins, L. (2004). The moral development of journalists: A comparison with other professions and a model for predicting high quality ethical reasoning. Journal “of Mass Communications Quarterly”, 81(3), 511-527. 2.Enron annual report from 2000. Available at: http://picker.uchicago.edu/Enron/EnronAnnualReport2000.pdf. 3.Enron: The Fall from Grace/ The World’s Biggest Fraud available at: http://www.efham.net/Uploads/EfhamElborsa/Enron.pdf 4.Enron website, Available at: http://www.enron.com/index_option_com_content_task_section_id_1_Itemid_2.htm. Hamillton, Stewart. (2004). “The Enron Collapse”. 5.Frank Cavico, B. Mujtaba and C. Jones (2010). Business Ethics: A Cross-Cultural Comparison betweenHong Kong and the United States. Journal of Business, 2010. 6.George J Benston, Al L Hartgraves (2002). Enron: what happened and what we can learn from it Original Research Article. Journal of Accounting and Public Policy, Volume 21, Issue 2, Summer 2002, Pages 105-127. 7. Harold Bierman (2008)."ACCOUNTING/FINANCE LESSONS OF ENRON - A Case Study". Purplish by: World Scientific Publishing Co. Pte. Ltd.ISBN-10 981-279-030-6. PP.12-29. Available at: http://www.worldscibooks.com/etextbook/6706/6706_chap02.pdf 8. Lamming, R., 1993.”Beyond Partnership, Strategies for Innovation and Lean Supply”. Prentice Hall, New York. 9. Michael A. Crawford, D. Scot Loyd(2008). "CPA 's Multistate Guide to Ethics and Professional Conduct". publish by CCH, ISBN: 978-08080-9176-9. 37 ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES 10 .Michael T. Steffes and Scott Thompson(2011)."Impact of the Enron Implosion Short-Term Shame - Long-Term Pain". Online magazine, Available at:http://www.electricenergyonline.com/?page=show_article&mag=4&article=30 11 . Moran, michaeal. (June 2001). “Enron Corporation”. Partony, Frank. (January,24.2003). “Enron and a Derivatives World”. Sims, R.R. (2002). Teaching Business Ethics for Effective Learning. Westport, CT: Quorum Books. 12. Todd Haberly, 2002. "The Enron Bankruptcy" Available at:http://www.plu.edu/~enron/Haberly.pdf 13. “From collapse to convictions: a timeline” Available at: http://www.cbc.ca/news/background/enron . 14. “Privatization: Successes and Failures” Available at: http://cup.columbia.edu/book/978-0-231-14160-4/privatization 15.” Lessons from Enron: just say 'sorry ' “Available at: http://money.cnn.com/2006/10/25/magazines/fortune/pleabargains/index.htm 16 . “Top 10 accounting problems in organization” Available at: http://www.thomasandalex.com/articles/finance-accounting/top-10-accounting-problems-inorganization 38