OF CONTENTS INTRODUCTION: EXECUTIVE SUMMARY 3 RATIONALE OF THE PROJECT 3 MAIN OBJECTIVE: 3 METHODOLOGY 3 THE ENRON STORY: BRIEF 4 HOW AND WHAT TYPE OF FRAUDS WERE COMMITTED? 5 THE ROLE OF STOCK OPTIONS 5 THE USE OF OFF-BALANCE SHEET PARTNERSHIPS 5 Example: LJM 5 Chewco 6 LOBBYING 6 ACCOUNTING PRACTICES 6 DIFFERENT ETHICAL DIMENSIONS 7 SOCIAL DIMENSION 8 AFFECTS ON EMPLOYEES AND SHAREHOLDERS 8 ENRON INDIA 8 AGGRESSIVE NATURE OF ENRON: PERSONAL ETHICS 8 ENRON’S ARROGANCE:
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Overview Enron Corporation‚ once the 7th largest company in US and a global leader of electricity and natural gas industries‚ filed for bankruptcy protection in late 2001. It was revealed that the company had been hiding investment losses and created fictitious revenue through several complicated accounting gimmicks. Besides Enron’s senior management who created the whole fiasco‚ many people believed that several other parties‚ such as the Board of Directors and the external auditors should also
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INTRODUCTION This report examines the increasing trends in the amount of debt students are graduating with. The purpose of this report is to prove why these trends need to be stopped‚ and how they can be stopped. After viewing the statistics from 1993 to the present it will be obvious that student debt is not rising at a steady pace‚ but that its growth is leading to large financial burdens by many students. Recommendations are given about the actions that can be taken by not only students
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How is Research used in Psychology? * Research in Psychology as in all fields of science has two focuses of interest. * Basic Research = is concern with the quest for knowledge regardless of whether it has immediate practical value. * Applied Research = seeks to improve the human condition by discovering something that can be put to practical used. * When the scientist work‚ strive to find relationships between observable variables. For example‚ Robert Boyle found a direct relationship
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Wk2 Assignment: The Enron and WorldCom Scandals Student Name ACC/260 Date Instructors Name[Page Break] 1. Which segment of its operations got Enron into difficulties? The guaranteed loans that were intended to bridge the financing for investments from outside investors that could not be found would be the segment of operations that caused Enron difficulties. 2. Did Enron’s directors understand how profits were being made in this segment
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basis for the evaluation. A company’s securities typically include both debt and equity‚ one must therefore calculate both the cost of debt and the cost of equity to determine a company’s cost of capital. However‚ a rate of return larger than the cost of capital is usually required. The cost of debt is relatively simple to calculate‚ as it is composed of the rate of interest paid. In practice‚ the interest-rate paid by the company can be modeled as the risk-free rate plus a risk component (risk premium)
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’Hide and seek’ by Vernon Scannell is about a young‚ excitable infant playing the childhood game of hide and seek. It begins by revealing the juvenile excitement experienced by a child when playing a game - ’Call out. Call loud: I’m ready! Come and find me!’ Through the poets use of exclamation marks we can see the child’s joy at partaking in the game. It is exhilarating and fun time for the child‚ but it is also very competitive. The manner in which he hides shows this competitiveness; he meticulously
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How the Amount of Water Effects Plant Growth By Dennis Marchuk Turner Ashby High School Grade 10 March 23‚ 2013 The purpose of this project was to determine how much the amount of water effected plant growth. This had been accomplished by taking three groups of plants and placing them next to one another. Each group contains two plants. Each one would be watered with a different amount of water. They would then be measured how much they grew. The growth of the three plants was compared
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Instruments Of Debt Market Submitted to: Submitted By: Mrs. Gitanjali Gupta Sumeet Luhach Asst. Professor B.B.A. 3rd Sem. KAIM Roll No. 1125 [pic] [pic] CHARKHI DADRI Affiliated to M.D.U. Rohtak. Debt Market Debt market refers to the financial market where investors buy and sell debt securities‚ mostly in the form of bonds. These markets are important source of funds‚ especially in a developing economy like India. India debt market is one
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spoken language used in working environment‚ my job as a QS‚ spoken word different in different settings eg‚ HQ or construction site‚ professional language * use of jargon‚ three letter acronyms‚ unique to an office eg‚ CVR’s etc‚ technical language‚ used frequently‚ humorous re new employees‚ don’t have a clue what is being said * buzz words‚ mention text speaking‚ professional buzz words made fun of – Bull Bingo‚ explain game and give eg‚ can download a bingo card‚ used in boring meetings
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