UVA-F-1299 Rev. Feb. 8‚ 2011 This document is authorized for use only by Mattia Tenaglia at Tecnologico de Monterrey. Please do not copy or redistribute. Contact permissions@dardenbusinesspublishing.com for questions or additional permissions. ENRON CORPORATION’S WEATHER DERIVATIVES (A) Everybody talks about the weather‚ but nobody does anything about it.1 In October 2000‚ Mary Watts‚ the chief financial officer of Pacific Northwest Electric (PNW)‚ a utility servicing the Pacific Northwest
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Enron and How it Affected the Accounting Industry Enron once was one the United States largest energy company and was ranked Fortune’s seventh richest corporation in the United States. When Enron had a filed for Chapter 11 bankruptcy in 2001 it unraveled to be one the biggest accounting scandals in United States history. There are many factors that contributed to Enron’s demise but their aggressive and unethical accounting practices were the key component. As a result‚ the accounting industry
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This paper will first discuss briefly what ethics are and provide the definition for an ethical issue. An ethical leadership issue is identified and explained for this author’s practice area. We will then identify and discuss key strategies for leadership that are pertinent to the ethical issue. Next‚ empirical evidence which supports the strategies discussed will be analyzed. Then‚ the impact and importance of the strategies will be stated. The final step will be to provide a conclusion to
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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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useful tool used by law enforcement‚ while others believe it to be another way to discriminate against minorities. This paper sets out to examine racial profiling from its origin to present day‚ taking a look into both sides of the racial profiling issue to find what if any laws are in place to prevent racial profiling from taking place. Racial discrimination is not a new phenomenon it can be traced back over one hundred years to slavery times. Dark skinned individuals have always been seen as inferior
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Ethical issues in businesses today There are a million ethical issues in today’s businesses and unfortunately there is no perfect decision measurement for all these ethical issues in business. The ethical issues in international businesses are much more complicated and much more delicate‚ along with being tenfold in numbers. According to Wiley (1995)‚ “ethics is concerned with moral obligation‚ responsibility‚ and social justice.” She goes on to say that “ethics reflects the character of the
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essential common thinking processes used in nursing. So it’s very important to identify facts and evidence from opinions keeping a open mind while being a creative problem solver. For example‚ I use to work at this nursing home and we were having issues with not knowing if residents were having bowel movements. My director of nursing was trying to come up with an idea on what to do. That when I got an idea a BM chart! I had to think it out before I presented it to my director. Finally when I had
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This case study is extracted mainly from two major novels titled “What went wrong at Enron” by Fusaro P.C. and Miller R.M. and “The unshredded truth from an Enron insider” by Brian Cruver. The Vision Called Enron The history of Enron goes back to the 1920’s‚ when a pair of Houston pipeline companies was incorporated to carry gas along the coast of the Gulf of Mexico. In 1956 these companies merged under the name of Houston natural Gas (HNG). While these companies were working along the coast
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Case 1.4 AMRE‚ Inc. 1. Generally‚ ethics refer to moral principles and values. Random House Webster’s College Dictionary notes that ethics are “the rules of conduct recognized in respect to a particular class of human actions or governing a particular group‚ culture‚ etc.” An individual ’s ethics generally define what that individual believes to be right and wrong. Professional ethics are typically expressed by a code of conduct adopted by an organization that represents a profession. Professions
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Ethical Issues of Wal-Mart Wal-Mart was founded by Sam Walton. The first store was opened in year 1962 in Rogers‚ Ark. It is the place where people can shop variety of products for low prices and is leader in discount retailing. Wal-Mart is one of the biggest retailers in USA and has hundreds of stores worldwide. Being the lowest retail outlet Wal-Mart is always criticized by many groups. Community groups‚ Labour unions‚ religious organization and environmental groups had protested against Wal-Mart
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