Enron Corporation Question 1‚ In my point of view‚ the parties are most responsible for the “crisis of confidence” on the part of the public in the accounting profession as following. • The parties who create these auditing standard rules‚ such as SEC‚ Auditing Standard Board. They should publish the Sarbanes-Oxley Act earlier. They should be considered the non-auditing services for auditing clients is a serious issue earlier. • The auditors of the Andersen firm. They didn’t do their
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Q 1: Evaluate Enron profit and cash flow performance during the period 1998 – 2000? Profitability Measures Enron’s reported net income grew from $703 million in 1998 to $979 million in 2000‚ totaling 35.1% profit growth for the three-year period. Enron was among the leading of “high performing” companies by sustaining a high earnings growth insight. However‚ as Table 1 indicates‚ Enron’s reported profits were microscopic relation to revenues. Net income did not grow at anything near the same
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E. Boos – Week 2 – Assignment February 17‚ 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay Bank because outside investors were not found. Because of this‚ they restated activities of JEDI and Chewco SPEs so they could be retroactively consolidated into Enron’s accounts. The SPEs
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Enron is frequently given as an example of creative accounting. It is also given as a good example of accounting fraud and insider trading. This is a good example of creative accounting taken too far - not many would disagree that it was accounting fraud‚ although some would say they were just unlucky to get caught. after all‚ the auditors were Arthur Anderson‚ at the time one of the most respected auditing firms. Creative Accounting – Example 1 – Creating multiple trading entities The creative
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Structural Equation Modeling * A Conceptual Overview * The Basic Idea Behind Structural Modeling * Structural Equation Modeling and the Path Diagram A Conceptual Overview Structural Equation Modeling is a very general‚ very powerful multivariate analysis technique that includes specialized versions of a number of other analysis methods as special cases. We will assume that you are familiar with the basic logic of statistical reasoning as described in Elementary Concepts. Moreover‚ we will
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. Following parties are believed to be the most responsible for the crisis. With any big organization going so bad‚ the blame starts with the top level executives‚ there was no different in this case. For Enron the blame started with Enron’s
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boundaries limit the development of interpersonal skills achievable in these subsystems (Nichols & Schwartz‚ 2004). Consequently‚ the family should be considered as a system whose function depends on the members of this structure. Minuchin’s Family structural theory was created with subsystems that changed all the time as they were adapting to external (job‚ school‚ and relocation) and internal (divorce‚ illness‚ and birth) influences. Thus‚ the dysfunctional family is one whose external and internal
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detail find influences donating to the degeneration of African American marriages‚ increase of African American divorces‚ and how structural family therapy can impact it. Structural Family Therapy was developed by Salvador Minuchin and his associates in the 1960s due to the growing curiosity in alternative ways of hypothesizing suffering and familial dilemmas. Structural family therapy is reinforced by an undoubtedly expressed model of family functioning‚ and has been developed and used reliably in
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For the structural frame‚ I got 23‚ my highest score. My others scores consisted of human-resource frame: 11‚ political frame: 13 and symbolic frame: 13. According to Weiss (2015)‚ “a structural frame focuses on systems.” I feel that this is telling me I am great at systems‚ policies‚ procedures and processes‚ but I am lacking in my interpersonal skills. A leader who uses a structural frame values procedures and processes in the organization (Weiss 2015). I feel that this assessment accurately reveals
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1. The parts of a tree Branch Node Branching‚ non branching Root‚ terminal‚ non-terminal Labels 2. Domination Structural relations - relations that hold between the different parts 2.1 Domination * Node A dominates Node B if and only if A is higher up in the tree than B and if you can trace a line from A to B going only downwards. * A containment relation - see bracketed diagram! Question: What’s proper vs simple domination? 2.2 Exhaustive domination
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