make profit. To make problems worse‚ Andrew Fastow‚ the former Chief Financial Officer of the company‚ created ‘’separate business entities that were not reflected in the main company´s financial statements. Despite auditing Enron´s books‚ Arthur Andersen did not disclose this fact to investors at the time’’‚ hence initiating the very downfall of the once successful company; allegedly only to its façade. (Jason Reeher‚ n.d.) Downfall According the Michael Staton’s article about ENRON’s pitfall
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Review 22.3 (2001): n. pag. Business Source Premier. Web. 18 Feb. 2013. 9.3 (2012): 7-16. Business Source Premier. Web. 18 Feb. 2013. Construction." JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT (2011): 698-706. Business Source Premier Andersen‚ Arthur‚ and C.J McNair. "Tools and Techniques for Implementing Integrated Performance Management Systems." Institute of Management Accountants (2009): 1-34. Business Source Premier. Web. 18 Feb. 2013. Duke‚ Joe‚ Udono‚ and Ekpo Nya. "A New Paradigm
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Manpreet Arora The Smartest Guys in The Room BAT4M Patel The Enron Scandal‚ one of the most controversial events to ever take place in the corporate world. Enron was once one of the top ten corporations in the world‚ but by committing unethical practices and numerous accounting violations‚ Enron became worthless in a matter of months. Enron was a Texas based energy company‚ providing products and services like electricity‚ natural gas‚ communications‚ and pulp and paper.
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Enron is a U.S. company that was formed in 1985 by Kenneth Lay‚ an economist. On the 2nd of December 2001 the company had been filed for bankruptcy as a result of a great accounting fraud. Enron had been expanded by borrowings of money to buy up other companies which lead them to a 75% debt capital. To help encounter this problem‚ Jeffrey Skilling was appointed as head of Enron’s finance department. As the U.S. government deregulated energy prices‚ the price of gas became very unstable. Skilling
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“There are fewer drunk driving traffic accidents and fatalities in many countries with a minimum drinking age of 18” (18 Interesting Pro…). So why does the United States keep the age that you can have libations at 21? There has been a debate going on whether the drinking age should be 21 or 18. People have brought up statistics on the amount of wrecks and the amount of money going back into the economy. So the United States needs to change the drinking age‚ the drinking age should be 18 because
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Cited: Andersen‚ Margaret L and Howard Francis Taylor. Sociology: understanding a diverse society. Belmont: Thomson Learning‚ 2008. Berns‚ Roberta. Child‚ family‚ school‚ community: socialization and support. Belmont: Cengage Learning‚ 2010. Brinkerhoff‚ David B
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ORGANIZATIONAL STRUCTURE OF CARREFOUR ----------------------- Daniel Bernard CEO and Chairman of Carrefour Daniel Bernard CFO of Carrefour Bruce Johnson Director of Organization and Systems William Andersen Director of Merchandise and Marketing Joel Saveuse Director of Europe Zone Philippe Jarry Director of America Zone René Brillet Director of Asia Zone Expanded Committee Javier Campo Director of DIA International
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Nationalism and Patriotism One of the factors that contributed to the difficulty of solving national issues in the Philippines (today) is the absence of nationalism and patriotism in the hearts and minds of the Filipino youth. According to Benedict Andersen in a thesis presented by April Herrera and Jayvee Robias (2010)‚ nationalism is on the verge of crossing its boundaries and it is not only confined to the nation state alone. Unfortunately‚ the Filipinos especially the youth today do not know the
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Dramatherapy Vol. 34‚ No. 2‚ July 2012‚ 92–100 CLINICAL COMMENT A research interview: dramatherapy and cross-cultural awareness Downloaded by [The University of British Columbia] at 21:37 23 February 2013 Mandy Carra* and Madeline Andersen-Warrenb a Freelance Dramatherapist; b Northern Trust for Dramatherapy The following interview is based on research by Mandy Carr in 2009‚ for a ‘top up’ MA at Roehampton University‚ London‚ entitled ‘An investigation into the importance of raising
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Case Study: Enron Corporation Accounting Scandal 1. What is Enron Scandal? Formed in 1985 from a merger of Houston Natural Gas and Internorth‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial contracts linked to the value of energy
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