Part 3 The bankruptcy of Enron not only significantly impact the employment and pension of workers‚ but also the relevant major financial institutions‚ including investment Banks‚ commercial Banks‚ pension funds and mutual funds. On Feb. 14th‚ 2002‚ the international accounting standards foundation chairman and former Federal Reserve chairman Paul pointed out that the obvious problems in accounting and auditing profession has formed a kind of crisis after a long-term period of existence. A typical
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In the context of the years 1815 to 1917 to what extent was the collapse of Tsardom caused by the spontaneous upsurge of the political masses? To fully understand the collapse of Tsardom‚ the condition of Russia in 1917 must be analysed‚ along with 1815 to 1917. The Russian revolution and the subsequent collapse of Tsardom are perceived to be caused by the spontaneous upsurge of the political masses by some Historians however‚ it is also seen to be the result of a century of general discontent
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Question : Critically analyse whether the implementation of responsible tourism principles makes better business sense than traditional mass tourism. While responsible tourism is fast becoming a global trend nowadays‚ some may wonder if it makes better business sense than traditional mass tourism. By defining the words “business sense” from Cambridge dictionary‚ it means an understanding of the ways in which business works successfully and/or if something makes good business sense‚ it will help
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In his lifetime Shirer wrote many incredible novels‚ but he was famous for his nonfiction. He wrote‚ “Berlin Dairy”‚ “The Sinking of Bismarck”‚ “The Collapse of the Third Republic” any many others. But it was “The Rise and Fall of The Third Reich” is the one that won him the National Book Award and a special Sidney Hillman Foundation award. His “The Rise and Fall of the Third Reich‚” is still read by many people and is being cited in scholarly works for many years. The book is based on Shirer’s own
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“United States vs. Enron” Enron Corporation was one of the largest global energy‚ services and commodities company. Before it was filed bankruptcy under chapter 11‚ it sold natural gas and electricity‚ delivered energy and other commodities such as bandwidth internet connection‚ and provided risk management and financial services to the clients around the world. Enron was established in 1930 as Northern Natural Gas Company and joined with three other companies to undertake this industry. The four
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The Causes for Colony Collapse Disorder Bees play an integral part in daily human life. Bees pollinate $14 billion in US crops per year‚ which includes apples‚ coffee‚ and almonds (Danforth‚ 2007). Unfortunately‚ they have gone through a rapid decline in population in recent years; managed honey bee population has decreased by one-fourth in Europe between 1985 and 2005‚ and by more than one-half in North America between 1947 and 2005 (Christen‚ Fent‚ & Mittner‚ 2016). The economic value behind bees
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University of Phoenix Material Responsible Borrowing Worksheet Many students borrow federal student loans to pay for college. The goal of this assignment is to help you learn how to borrow responsibly‚ which may mean that you do not borrow at all or that you borrow only what you truly need. To borrow responsibly‚ you must understand your options and establish a financial plan for your entire program. With that plan in place‚ you can then focus on your classes and making connections with instructors
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something that determines the way in which we behave‚ whether because we submit ourselves to it voluntarily‚ as would be the case with moral rules‚ or because it is enforceable in some general way‚ as would be the case with laws. Many rules are neither morally binding‚ nor do they ultimately have the force of law attached to them. Nevertheless‚ they are necessary and generally adhered to because of the context in which they operate. Rules might also come about through custom or practice‚ and involve the
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CASE STUDY – UNIT 1 1. Andrew Fastow is a key person responsible for the downfall of Enron. When he became the CFO in 1998‚ he came up with the plan to make the company appear in great shape by using the mark-to-market accounting practice. The company would build an asset‚ such as a power plant‚ and immediately claim the projected profit on its books‚ even though it hadn’t made one dime from it. If the revenue from the power plant was less than the projected amount‚ instead of taking the loss‚ the
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‘God is responsible for everything that happens in the universe’ Discuss. God is known as the creator of the universe as he can be seen to have created the world through intelligent design. Therefore it can be elucidated that he should be responsible for everything that happens in the universe. Some people would say that he is responsible for everything in the universe such as‚ Christians because they believe he created the world through ‘creatio ex nihilo’‚ this means created the world out
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