Enron Corporation Question 1‚ In my point of view‚ the parties are most responsible for the “crisis of confidence” on the part of the public in the accounting profession as following. • The parties who create these auditing standard rules‚ such as SEC‚ Auditing Standard Board. They should publish the Sarbanes-Oxley Act earlier. They should be considered the non-auditing services for auditing clients is a serious issue earlier. • The auditors of the Andersen firm. They didn’t do their
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Q 1: Evaluate Enron profit and cash flow performance during the period 1998 – 2000? Profitability Measures Enron’s reported net income grew from $703 million in 1998 to $979 million in 2000‚ totaling 35.1% profit growth for the three-year period. Enron was among the leading of “high performing” companies by sustaining a high earnings growth insight. However‚ as Table 1 indicates‚ Enron’s reported profits were microscopic relation to revenues. Net income did not grow at anything near the same
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E. Boos – Week 2 – Assignment February 17‚ 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay Bank because outside investors were not found. Because of this‚ they restated activities of JEDI and Chewco SPEs so they could be retroactively consolidated into Enron’s accounts. The SPEs
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The Firebake Cookie Company proposes to introduce a unique new product in the Kansas City area‚ and this report provides a macro-environmental analysis to predict the cookie’s profitability. The “Firebake Cookie” is a new concept in outdoor cooking marketed towards hikers‚ campers‚ and other outdoor enthusiasts. Utilizing political‚ economic‚ sociological‚ technological‚ legal‚ and environmental analysis (PESTLE)‚ the “Firebake Cookie” concept has potential to be a profitable endeavor.
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My FAVORITE Chocolate Chip Cookie It’s the "not so secret" secret recipe from Jacque Torres tried this at home. I’ve been making this recipe countless times‚ and have found that the following tips make this cookie absolutely perfect: - Don’t substitute the pastry and bread flours w. AP flour. I really believe that the combination of the pastry and bread flours give the cookie a nice slightly crunchy exterior giving way to a really tender middle. - Hand chopped chocolate chunks‚ NOT premade chips
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Enron is frequently given as an example of creative accounting. It is also given as a good example of accounting fraud and insider trading. This is a good example of creative accounting taken too far - not many would disagree that it was accounting fraud‚ although some would say they were just unlucky to get caught. after all‚ the auditors were Arthur Anderson‚ at the time one of the most respected auditing firms. Creative Accounting – Example 1 – Creating multiple trading entities The creative
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Case Report: Kristen’s Cookie Company Do Tra My – Section 24 1. Process Analysis: The flow chart is included in the Appendix Task Order Entry Wash+Mix Spooning Setting Baking Cooling Packing Accepting Payment Total Resource None You You Roommate + Oven Oven None Roommate Roommate Cycle Time (mins/dozen) 0 6 2 1 9 5 2 1 26 Capacity (dozens/hour) Infinity 10x3=30 30 60 6.67 12 30 60 Flow Time (mins) 6 2 1 9 5 2 1 26 Table 1: Process Analysis Assumptions: Order is for a full box (a dozen cookies)
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1. Can you identify examples of decision about each part of the mix that are being made in the cookie program? Yes‚ the decisions made on the cookie program is the Four Ps. Product what is being sold is the top selling girl scout cookies (thin mint‚ do-si-dos‚ trefoils‚ samosa‚ lemon chalet cream‚ and tagalongs Place the girl scout have to go to places that are very populated such as shopping center where there is a lot of people and money is being spend. Promotions are commercial the Girl Scout
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. Following parties are believed to be the most responsible for the crisis. With any big organization going so bad‚ the blame starts with the top level executives‚ there was no different in this case. For Enron the blame started with Enron’s
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Canopic Jars are from the ancient Egyptians who had a strong religious belief that when a person died they would return to an ‘afterlife’ that was almost the same as the life they had when they were alive.Canopic Jars were created to contain people’s organs that were taken out of them.Then‚they were put into special chest that was placed in the tomb of the person that had died.If there wasn’t a chest to put the jars into‚they kept all four jars together and put them close to the mummy. On the top
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