transformed itself from an energy company to a risk management firm that traded everything from commodities to derivatives. The use of special purpose entities (SPEs) allowed Enron to operate wide-ranging undercover and risky trading procedures in a manner that did not properly reflect their debt on its balance sheets. The asset-light strategy‚ the SPEs‚ and the off-balance-sheet financing they provided to Enron seems to be the core cause of Enron’s ultimate failure. The first sign of weakness in the firm’s
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business ventures. These Special Purpose Entities (SPEs) was established to keep Enron ’s credit rating stay high‚ which was very important in their fields of business. A special purpose entity is a trust‚ corporation‚ limited partnership‚ or other legal vehicle authorized to carry out specific activities as enumerated in its establishing legal document. LJM2 entered into 26 deals with Enron to help the company move debt and assets off its books. The SPEs provides its sponsor with financing and liquidity
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IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE Introduction The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many‚ both citizens and authorities. Therefore‚ it is a challenging time and it is the time for change. An absolutely necessity is to enhance the true reliable financial information because the success on the capital market depends on it. The key factor is to assure that auditors must take a completely
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Petroleum Engineer SHESHATRI RAMACHANDRAN No. 2/250A Middle Street‚ Petroshesha@gmail.com Mugaiyur (P)‚ Tirukovilur (TK)‚ +919488168774 Villupuram-605 755‚
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School of Computer‚ Science and Engineering MSC PETROLEUM AND GAS ENGINEERING A Dissertation on THE EFFECTIVENESS OF MULTILATERAL WELLS IN DEEP-WATER Submitted by TEMITAYO OLUWAKAYODE OKEGBEMIRO @00347803 In partial fulfilment of the requirements for the M.Sc degree in Petroleum and Gas Engineering MAY‚ 2014 1 DECLARATION/CERTIFICATION I‚ Temitayo Oluwakayode OKEGBEMIRO declare that this dissertation is my own work. Any section‚ part or phrasing of more than 20 consecutive words that is copied
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not see it”. 2. Regulatory Agencies‚ SEC and FASB Enron was able to hide their losses behind their SPEs or Special Purpose Entities by omitting an SPE’s assets and liabilities from its consolidated financial statements and both SEC and FASB failed to provide formal guidelines for companies to follow in SPEs accounting and reporting. As a result of the minimal legal and accounting guidelines for SPEs‚ Enron along with other companies was able to divert huge amounts of their liabilities and losses to
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just within secular society‚ but also within the Christian faiths. Pope John XXIII sought out to mend these conflicts both in Christianity and in society. Thus‚ he convoked a new council that he would later name‚ the Second Vatican Council. Gaudium et spes was issued at the closing of the council and addressed the problems currently dividing society; it stressed a need for a family structure with a primary concern for service‚ both within Christianity and among the entire human race. In 1945‚ after
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EDUCATING SPECIAL NEEDS STUDENTS Educating Special Needs Students Katy J. Kaldenberg Grand Canyon University: SPE-226 Educating the Exceptional Learner Wednesday‚ December 14‚ 2011 Educating Special Needs Students It can be a difficult task to teach the typical child who has the ability to grasp concepts effectively. The task of teaching children with disabilities can be even more challenging. One of the most challenging tasks that a teacher today may have to preform is effectively
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Lifelong Learning Sherri Willis Grand Canyon University: SPE 226 May 4‚ 2014 Lifelong Learning It is important for educators to understand special education and how the diagnosis of developmental disabilities‚ early intervention‚ educational programs‚ services for young learners‚ transitional programs‚ strengths and weaknesses in assessments and interventions affects their students and classroom environment‚ while also being able to offer suggestions for student improvement and expected
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Caula Rogers SPE-226 Educating the Exceptional Learner August 31‚ 2014 Professor Gibson Attitude‚ Legislation‚ and Litigation Students with disabilities have experienced the most important transformation of the decade‚ they were omitted at the beginning of the school system‚ and students with disabilities disorders had to be edified in exceptional course. Rehabilitation Act of (1973) and the revisions of (1986) as well as (1992) started edifying the rights of individuals
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