of the Enron Scandal The Enron scandal is one that left a deep and ugly scar on the face of modern business. As a result of the scandal‚ thousands of people lost their jobs‚ some people lost their entire pensions‚ and all of the shareholders lost the money that they had invested in the corporation after it went bankrupt. I believe that Kenneth Lay‚ former Enron CEO‚ and Jeffrey Skilling behaved in an unethical manner without any form of justification‚ but the whistleblower‚ former Enron vice president
Premium Enron Kenneth Lay Jeffrey Skilling
Effects of the Enron Scandal (Kassie) The Enron scandal had a great effect on the United States‚ with an impact on individuals from the consumer level to those running the company as well as the stock market and investors. Throughout the scandal‚ 4‚500 employees lost their jobs and investors lost approximately $60 billion dollars within a few days. The loss of such a large sum of money meant the loss of old-age and retirement security for many of the investors who put their money and faith in the
Premium Enron Great Depression Enron scandal
of Enron were the large number of highly complex accounting entries. For example energy traders were required to book all the projected profits from a supply contract in the quarter in which the deal is made. Such accounting procedures are inherently risky as they make assumptions about price forecasts which can drastically affect earnings. Another inherent risk factor is the frequency of related party transactions. The special purpose entities Enron was trading with were created by Enron and
Premium Risk Enron
frequency diagrams: * Data used is usually continuous. * Sigmoid Curve (N.B. – Capital Sigma = Σ‚ Lower-case Sigma = ς) * Estimate - Q₁‚ Q₂‚ Q₃‚ P25%‚ P95% * Plot points at highest boundary of each class. * Cumulative Frequency taken from 0≤x≤"n" * Used for medians‚ means‚ inter-quartile range and percentiles. * Grouped data. * Step cumulative frequency. * Recognise this graph! * Allows you to see main differences between the points plotted * Step cumulative
Premium Standard deviation Median Arithmetic mean
1) How was ‘man’ able to reach North/South America‚ and what skills were needed to thrive towards a Civilization? (CH 1‚ SEC 1) Some scientists say that man came from Asia‚ like the Aztecs‚ Mayans and Incas. And when the came from Asia‚ they came on land‚ chasing big land animals like buffalo through a passageway called the Bering straight. Now that’s only one theory‚ another theory is man came by sea‚ passing through the Pacific Ocean sailing with land in view. When they arrived‚ they needed
Premium Mexico City Aztec Mesoamerica
Enron The affect of the unethical behavior of the profitability of Enron was that the third party “outside” independent auditors was not able to backup and have accounting financial statements‚ some of those auditors and financial institutions may have been misled by the corporation’s net income. If I was an accountant for this company I would have followed regulated federal security laws‚ and if failed to provide prove of documents or financial statements‚ I would admit to my mistakes but also
Premium Business Audit Enron
Samantha Mosqueda Chapter Outline 1&2 SUMMARY OUTLINE CHAPTER 1 1. Definition of sociology: The study of human Society and the social structure. a. Greater Understanding of the social world. Questioning whats natural or taken for granted. How or why things are the way they are . i. The way societies and cultures develop and change over time. ii. Sociologist are interested in the connection between individuals and the world they live in b. Social Structures:
Premium Sociology
Chapter 1 – New World Beginnings‚ 33‚00B.C – A.D. 1769 New World Beginnings – the human history of the new world began during the ice-age when‚ because of lower sea levels‚ Asiatic tribes were able to cross the Bering Strait and populate the Americas. Eventually‚ these peoples migrated and dispersed to form tribes and some advanced civilizations on almost every corner of these two continents. Bering Strait – a land bridge connecting modern-day Alaska and Russia. During the Ice Age‚ low ocean
Free United States Indigenous peoples of the Americas Americas
Section 8.1 - Beginning a New Job 1. How can you prepare to have a good first day on the job? Figure out how long it will take you to get ready for work. Then get up even earlier. Don’t make yourself more nervous by running late and then hurrying to get to your job on time. 2. What is a trick to try to help you remember people’s names? Repeat each person’s name out loud as you’re introduced. Then use the name again while talking to
Premium Employment Wear
10 Writing Hooks Writing Class Notes: Beginning Hooks - Strategies to use to catch your reader’s attention 1. Begin with a smile or a metaphor. My life has been a carnival. My family is like an open book. 2. Begin with a question. Who is the greatest athlete of all times? 3. Begin with a definition. Friendly is the best way to describe my personality: I am friendly and caring. Perfect is the best adjective to describe me: I am flawless in every aspect of my life. 4. Begin with
Premium English-language films Writing Literary theory