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
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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
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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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“The first years of the People’s Republic of China under the CCP Rule 1949-1962” Question 1: “The changes the CCP initiated in the period 1949 to 1958 were of benefit to the peasants and to China” Between 1949 and 1958‚ Chairman Mao Zedong implemented large scale changes to China in hopes of rapidly transforming the country from an agrarian economy into a modern communist society. Inevitably‚ the changes that Mao implemented in this period of time had a significant impact on both China and
Free People's Republic of China Mao Zedong Deng Xiaoping
unless they don’t finish their work in class. Homework isn’t just boring‚ but it causes behavior problems and also it’s time consuming. If teachers didn’t give out homework you know how much stress would be released from kids? They would be able to do more activities after school also. One reason that kids should not have homework is because it causes behavior problems. Homework can cause kids to have a lot of pressure on them which could cause stress according to Winconek. Knowing that you have to
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of affective empathy and cognitive empathy‚ and the pros and cons of both in his article‚ “The one thing that could save the world: Why we need empathy more than ever.” Krznaric provides factual and scientific evidence after every point‚ leaving a greater impact on the reader. Furthermore‚ his references to powerful and influential people make his article all the more persuasive. Krznaric quotes a Yale psychologist‚ Paul Bloom‚ with whom I strongly
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Ayusarita Satriani 311368 – IUP BUSINESS UGM Financial Management ENRON Resources: http://en.wikipedia.org/wiki/Enron_scandal ; http://news.bbc.co.uk/2/hi/business/1780075.stm; http://finance.laws.com/enron-scandal-summary Enron is an energy company that successfully grew from nowhere to be America’s seventh largest company‚ which has 21‚000 staff in more than 40 countries in 15 years. It was one of the world’s leading electricity‚ natural gas‚ communications‚ and pulp and paper companies
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So far‚ in the book Best foot forward by Joan Bauer‚ Jenna finds out that Mrs. Gladstones greedy son‚ the head of the company‚ was hiding the fact that the shoes were being produced in a sweatshop and the people making the shoes were children working in terrible conditions and only making $1.20 an hour. Soon‚ the public finds out and Elden‚ Mrs. Gladstone’s son‚ wants to tell the public that the children working in the sweatshop are lucky to even make any money‚ but Mrs. Gladstone had another idea
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The poconos is the greatest place to spend summer vacation! From swimming to camping‚ and from roasting marshmallows to singing sweet songs around the fireplace. What is your ideal place of a PERFECT summer vacation? In my opinion‚ The Poconos is the perfect place. So first we go on to swimming. Wouldn’t the cool refreshing water sooth you down after being in the sun all day long? I bet it would. So camping is a great way to bond with the entire family. You all can tell stories around the
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Hofstede’s cultural dimensions theory is a framework for cross-cultural communication. Hofstede developed his original model as a result of using factor analysis to examine the results of a world-wide survey of employee values by IBM in the 1960s and 1970s. The theory was one of the first that could be quantified‚ and could be used to explain observed differences between cultures. The original theory proposed four dimensions along which cultural values could be analyzed: individualism-collectivism;
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