Arthur Anderson & Co. was also to blame as they were the accountants for Enron. They were the ones with the expertise who should have known better and looked to fully explain and disclose what they knew. Anderson’s commitment is to the shareholders‚ not to their client and they needed to act in a way and present the statements fairly so that a user could make an informed decision and that the statements presented fairly. Enron is also to blame. They were focused on profits – which is not necessarily
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Evolution of Guy Montag The novel Fahrenheit 451 is an acclaimed depiction of a dystopian world that employs firemen to destroy literature and the printed word. The protagonist‚ Guy Montag‚ faces internal as well as external conflicts during the novel. His character is constantly evolving throughout the course of the text. Fahrenheit 451 is essentially a bildungsroman due to the fact that the protagonist is so dynamic in character and continually changing. A bildungsroman is a novel in which
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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
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CASE 4-1: Bessrawl Corporation Reconciliation of net income from U.S. GAAP to IFRS 2011 Net Income according to U.S. GAAP attributable to equity holders of Bessrawl Corporation ………… $1‚000‚000.00 IFRS adjustments: Add: Reversal of inventory cost written down to replacement cost….. 10‚000.00 Less: Additional depreciation of building after 2011 revaluation……..
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Case summary – Enron Corporation’s Weather Derivatives Steve Haik‚ Dan Sleker and Bas van Bellegem – March 2003 Background In October Mary Watts‚ CFO of Pacific Northwest Electric (PNW) reviewed the forward plan for PNW’s 200-2001 season. PNW’s has been experiencing nearly no EPS growth since 1995 due to deregulation and warmer-than-average winter climate. The stock price had suffered accordingly‚ but there maybe a way to hedge the weather risk via a new “weather derivative” being proposed by
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Snatch Illegal boxing‚ pikeys and gangsters – this may all sound confusing‚ but after watching this movie it will all make perfect sense. Snatch is a fast-paced action movie‚ directed by Guy Ritchie‚ which first of all deals with the robbery of a huge diamond‚ which everyone is of course interested in getting their hands on. All of the movies characters desire this diamond‚ perhaps except Mickey – the so-called pikey‚ who just wants a new caravan for his mom. Mickey is dragged into the illegal
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The collapse of Enron case study Q1. The key stakeholders involved in‚ or affected by the collapse of Enron are: employees and retirees‚ thousands of them lost their jobs and the investment; the executives: Kenneth Lay‚ Jeffrey Skilling and Andrew Fastow they sold significant blocs of company stock‚ have conflicts of interests; government figures‚ Lay had close personal tie with the Bush family‚ Enron’s efforts influence policy making; regulatory authorities: Commodities Futures Trading Commission
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I open my door to bedroom the‚ smell hits me like a freight train‚ it knocks me to the floor. Turning my head I witness the clothes I wore last week morph into hills and mountain ranges on my floor. Old lollipops with their wrappers dangle from the stem like trees sway the in the breeze. Mold on an old PB&J turns into mushrooms while the dust from the floor turns into clouds and lightly shadows the rising mountains while the rolling hills surround it. As I walk through the deep forest the trees
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The first thing I have chosen to talk about as something I hate most is adverts. Whether its adverts on the television or in a magazine‚ they are all greatly irritating and I think many people will agree with me. I am going to talk about tele advertisements. GCSE WRITING TO ARGUE‚ PERSUADE AND ADVISE An extract from this essay... Reece Buckle Humiliation‚ corruption and exploitation are just a few of many which all question: just how honourable and acceptable are these terrible talent shows
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Enron: Questionable Accounting Leads to Collapse The Enron Corporation was established by integrating two major gas pipelines in 1985. The Company provided products and services related to natural gas‚ electricity‚ and communications and it was one of the world’s leading organizations at these sectors with claimed revenues of nearly $101 billion in 2000. Throughout the 1990s‚ Chair Ken Lay‚ chief executive officer Jeffrey Skilling and chief financial official officer Andrew Fastow transformed
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