Enron’s Questionable Transactions 1. The special purpose entities (SPEs) got Enron into trouble. 2. It is debatable whether Enron’s directors knew how profits were being made through the SPEs. Speculation is that they did have knowledge‚ but did not question the questionable procedures. Evidence that indicates the directors knew how profits were being made includes the following: • Andrew Fastow’s role in establishing the SPEs and falsely creating 3% independent investors in
Premium Enron Enron scandal
Runninghead: UNIT 3 – COMMERCIAL TRANSACTIONS (CONTRACTS) Victor McLaurin 28 February 2010 Abstract This week’s individual project will be in the form of an executive summary. The summary will be based on a series of questions concerning 1) the city of Bigtown’s advertising campaign (courtesy of the mayor)‚ 2) possible similarities of this promotion to a court decision and 3) possible repercussions that could be encountered if not executed with caution. The court decision concerning
Premium Contract Advertising
IEEE TRANSACTIONS ON INDUSTRIAL ELECTRONICS‚ VOL. 59‚ NO. 7‚ JULY 2012 2745 Efficiency-Optimized High-Current Dual Active Bridge Converter for Automotive Applications Florian Krismer‚ Student Member‚ IEEE‚ and Johann W. Kolar‚ Fellow‚ IEEE Abstract—An efficiency-optimized modulation scheme and design method are developed for an existing hardware prototype of a bidirectional dual active bridge (DAB) dc/dc converter. The DAB being considered is used for an automotive application and is made up
Premium Transformer Modulation Maxima and minima
Precedent transactions analysis just like comparable analysis‚ uses a multiples-based approach to develop an implied valuation range for a given company‚ division‚ business‚ or of collection of assets. The main criteria of performing precedent transactions is the selection of an appropriate universe of comparable acquisition. Once an initial set of comparable acquisitions is selected‚ factors such as market conditions‚ deal dynamics‚ motivations‚ etc. are being examined. 1)Market conditions refer
Premium Economics Stock market Price
SECURE ELECTRONIC TRANSACTIONS Introduction Secure Electronic Transactions (SET) is an open protocol which has the potential to emerge as a dominant force in the securing of electronic transactions. Jointly developed by Visa and MasterCard‚ in conjunction with leading computer vendors such as IBM‚ SET is an open standard for protecting the privacy‚ and ensuring the authenticity‚ of electronic transactions. This is critical to the success of electronic commerce over the Internet; without privacy
Premium Cryptography RSA Certificate authority
Enron Questionable Transactions Question 1 The question which segment of its operations got Enron into difficulties is simple to answer‚ everything. Almost every all segments of their operation were improper. First of all‚ they practice unethical and dishonest practices which victimized workers‚ consumers‚ taxpayers and stockholders. Enron created partnerships within their own organization which led to them creating new financial instruments‚ called SPE’s (special purpose entities) which was
Premium Enron
Introduction The conditions of doing businesses change dramatically for the past century and especially for the past 30 years. With the continuous improvement of the infrastructure marked by transportation‚ communications and technologies‚ as well as changing role played by the government and the financial markets‚ firms found new ways and equipped with new abilities to control their operations and interact with suppliers‚ customers‚ competitors and other stakeholders. Given the above infrastructure
Premium Apple Inc. Economics Transaction cost
1. “Accounting is ingrained in our society and it is vital to our economic system.” Do you agree? Explain. I agree because I think Accounting is part of our economic system specifically in business and we all know that in order to maintain the competitiveness of our economic system all over the world is to uplift the business society that’s why Accounting is vital to our economic system. 2. Identify and describe the steps in the accounting process. 1. Identifying the financial transaction
Premium Balance sheet Generally Accepted Accounting Principles Asset
Transaction cost theory states that the goal of an organization is to minimize the costs of exchanging resources in the environment and the costs of managing exchanges inside the organization. Transaction costs are defined as the costs of negotiating‚ monitoring‚ and governing exchanges between people Transaction costs result from a combination of human and environmental factors Transaction costs result from a combination of human and environmental factors: Opportunism
Premium Cost Transaction cost Costs
debit card number to complete the transaction. Payment Methods Typically‚ you must use either a credit or debit card to purchase items online. There are exceptions to this. There are sites that will accept checks‚ money orders or electronic wallets‚ such as PayPal. When you pay with a credit or debit card‚ note that the information you provide must match the information that the issuing bank has on file. If it does not‚ the bank will not approve the transaction. This safeguard exists to prevent
Premium Electronic commerce