Checking out the weather report is a daily activity for many of us. At the very least‚ we want to know how hot or cold it will get‚ or whether there will be rain or snow. Some of us live in places where severe weather can produce dangerous conditions -- flooding‚ tornados‚ blizzards or fogs‚ so we pay attention to weather related warnings. And these days‚ weather reports are getting more sophisticated‚ with pollen counts and particulates for allergy sufferers‚ and UV indices to tell you whether you
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ENRON: A FINANCIAL REPORTING FAILURE? Anthony H. Catanach Jr.1 Associate Professor 610-519-4825 anthony.catanach@villanova.edu and Shelley Rhoades-Catanach Associate Professor Both at Villanova University College of Commerce and Finance Department of Accountancy INTRODUCTION The dramatic collapse of Enron Corporation‚ following a series of disclosures of accounting improprieties‚ has led many to question the soundness of current accounting and financial reporting standards. Within Enron’s reported
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electric storms‚ hurricanes‚ blizzards and heat waves‚ just to name a few. Who would have thought that in beyond our atmosphere‚ in outer space‚ there is also weather occurring? It is true. Although the space weather does not occur in the ways in which most people‚ those that are not scientists or astronauts‚ would think of. Space weather is the “turbulent and dynamic” outputs from the Sun. These outputs can be in the form of light or particles that are electrically charged. Our magnetosphere
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based on acceptance of new influences. The Salsa community has the principle of inclusiveness on the dance floor; this is the main reason why Salsa dancing has become so popular. The attitude on the dance floor is always accepting no matter how advanced and intimidating the dancers are. The following excerpt is from an interview with Cynthia Harper a UCLA dance teacher. The Salsa floor is a unique community because there is always someone who will dance with you no matter what your skill level
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Module 1500 120 60 100 50 5 3 Currency Derivatives: A Beginner’s Module 1500 120 60 100 50 5 4 Equity Derivatives: A Beginner’s Module 1500 120 60 100 50 5 5 Interest Rate Derivatives: A Beginner’s Module 1500 120 60 100 50 5 6 Commercial Banking in India:A Beginner’s Module 1500 120 60 100 50 5 7 Securities Market (Basic) Module 1500 105 60 100 60 5 8 Capital
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answer that describes the differences between weather and climate. Weather and Climate both take the same measuring elements of the environment and atmosphere (Temperature‚ humidity‚ pressure‚ wind speeds‚ precipitation‚ etc.). According to Sturman & Tapper (2006)‚ weather is “the state of the atmosphere at a particular point in time within a defined areas.” This in turn is opposed to Sturman & Tapper’s (2006) take on climate which is “the synthesis of weather observed over a period of many years.” As
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Chapter 3: Insurance‚ Collars‚ and Other Strategies FINA0301 Derivatives Faculty of Business and Economics University of Hong Kong Dr. Tao Lin Chapter Outline Options and basic insurance strategies Spreads and collars: bull and bear spreads; box spreads; ratio spreads; collars Speculating on volatility: straddles; butterfly spreads; asymmetric butterfly spreads 2 Long / Short Call / Put Options 3 Strategies: Based on Price Directions & Volatility Movements The simple call and
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Enron: The Smartest Guys in the Room / Lack of Ethics Enron at one time was a Fortune 500 company‚ but in truth it was just a fallacy and a lie for what it truly was‚ an ethically bankrupt company that eventually became a bankrupt company. Henry Taylor‚ a 19th century statesman wrote “Falsehood ceases to be falsehood‚ when the truth is not expected to be spoken”. Enron senior management gets a failing grade on truth and disclosure. The purpose of ethics is to enable recognition of how a particular
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1.What are the main reasons that Enron collapsed? I think the reasons for the collapse are three fold. Firstly Enron’s accounting practices(mark to market accounting- companies estimate how much revenue a deal is going to bring in and state that number in their earnings the moment the contract is signed) Its managements goal was to maintain the appearance of value by always having rising stock prices rather than focus on creating real value for the company. Secondly its reliance on Special
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Current issue: Scandals in auditing Enron Scandal 1. Introduction Accounting scandals are political or business scandals which arise with the disclosure of financial misdeeds by trusted executives of corporations or governments. These days‚ not too often‚ these scandals are splashed as headlines across media. Why? Because there are complex groups of stakeholders who might be seriously affected by the scandals. Enron scam was the most remarkable scandal in 20 centuries by their institutionalized
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