Enron: Leadership without Ethics and Practical Execution Enron‚ once one of the largest energy public companies globally‚ achieved a $65 billion asset volume but only took 24 days to go bankrupt. Initially‚ its main service is extracting natural gas and manufacturing energy-using products‚ but the excessively aggressive and benefit-oriented type of operation makes the company create lots of so-called "innovative" investment department and financial products. All these activities played as the
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Enron’s collapse was the result of unethical practices; alas‚ such practices had a long‚ ignominious presence. The Enron story begins with CEO Kenneth Lay‚ who in 1986 combined his Houston Natural Gas company with several other entities. Until 1996‚ Enron primarily sold natural gas. Yet‚ in a sign of trouble to come‚ in 1987 Lay overlooked evidence of financial misdeeds in the company’s Valhalla‚ NY unit as executives Louis Bourget and Thomas Mastroeni greatly inflated profits while embezzling
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“DEVELOPMENT OF PAYROLL SYSTEM” A Thesis Presented To: Ms. Lorna T. Magalpoc By: John Mark P. Jalbuena Contents: Title: Development of Payroll System Proponents: John Mark P. Jalbuena School: Saint John Bosco I.A.S. Date: 11/17/13 Course: Information Technology Adviser: Ms. Lorna T. Magalpoc Introduction: Payroll consists of the process by which a business pays its employees for work performed during a specific period. A payroll system
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Enron entered the year 2001 as the seventh largest public company in the U.S‚ only to exit the year as the largest company to ever declare bankruptcy in U.S history. a) What were the business risks Enron faced and how did those risks increase the likelihood of material misstatements in the Enron’s financial statements? Enron faces most of the risk ordinarily faced by any energy company‚ including price instability and foreign currency risks. Enron operated in many different areas of the
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1.1 ABSTRACT Payroll System is the heart of any human resource system of an organization. The solution has to take care of the calculation of salary as per rules of the company‚ Income-Tax calculation and various deductions to be done from salary including statutory deductions like income-tax and provident fund deductions. Payroll can be classified into two (2) namely: Manual System and the Computer based system. In this study we used to developed computer based “Payroll System” to improve a
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PAYROLL NOTIFICATION SYSTEM VIA SMS JEROME F. COLLADO HOLY TRINITY COLLEGE OF GENERAL SANTOS CITY COLLEGE OF INFORMATION TECHNOLOGY EDUCATION GENERAL SANTOS CITY PAYROLL NOTIFICATION SYSTEM VIA SMS A Thesis Presented to the Faculty of the College of Information Technology Education Holy Trinity College of General Santos City _______________________________ In Partial Fulfillment Of the Requirements for the Degree Bachelor of Science in Computer
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One of the systems used by these business entities is the computerized payroll system. Computerized payroll system is a personnel data file and records of the companies’ employees that generates necessary information in connection to his salaries and wages. A computerized payroll system will not only resolve difficult problems but also it will provide fast process and accurate calculation of the salary. Unlike on manual payroll system‚ there are possible errors that may encounter because calculations
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it was the "Greed Factor" which drives Enron employees to increase the profits through unethical methods‚ and ultimately causing its downfall. But could it be the opposite? I mean‚ could it be that it was Enron ’s culture and Key Performance Indicators (KPIs)‚ which is to increase the profits and share price that "forced" Enron employees behave in an unethical manner? What circumstances caused them to be unethical‚ really? At first‚ the leader of Enron Finance Corp‚ Jeffrey Skilling recruited
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Ilocos Norte PAYROLL SYSTEM Submitted to: MR. REYNOLD VILLACILLO Submitted by: JAIZEL GAMAYO NOVIE MAE REMIGIO CATHLYN ANN VALDEZ October 13‚ 2011 Acknowledgement We would like to extend our sincerest thanks to all the people who help us and for being a partner in conducting this study. To our parents‚ who always there for their moral and financial support; To Hon. Arlene Monje Torralba;Municipal Mayor of Badoc‚ Ilocos Norte for allowing us to design a new Payroll System for
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ENRON Introduction Enron was the country’s largest trader and marketer for electric and natural gas energy. Its core business was buying energy at a negotiated price and later‚ selling the energy when prices increased. As an energy broker‚ Enron provided a service by allowing producers to negotiate a certain price while Enron took the risk that prices would fall below what it bought energy. Buyers of energy also benefited because Enron could ensure the supply of energy. In 2000 Enron was listed
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