‘If Only I Knew Then What I Know Now’ is such a haunting statement‚ it’s a story in and of itself that we can all relate to. As a title ‘If I Knew What I Knew Then’ redefines and adds context to the painting by revealing another layer of meaning. American artist Maggie Newman revisits her past and connects to her viewers in this 1997 portrait by subtly evoking the feeling of grief and melancholy without overpowering the work with emotion. Style: In and of itself Maggie Newman’s painting isn’t much
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MANAGERIAL ECONOMICS PROJECT ACKNOWLEDGEMENT We would like to take this opportunity to thank Prof. Jhonson for all his help and support throughout this project and for giving us a chance to identify the Investment opportunity in the Banking Industry and decide whether a given bank is good for investment or not. TABLE OF CONTENTS SR. NO. TOPIC PAGE NO. 1 INTRODUCTION – KARUR VYSYA BANK 4 2 BALANCE SHEET AND PROFIT & LOSS ANALYSIS 5
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Enron: Leadership without Ethics and Practical Execution Enron‚ once one of the largest energy public companies globally‚ achieved a $65 billion asset volume but only took 24 days to go bankrupt. Initially‚ its main service is extracting natural gas and manufacturing energy-using products‚ but the excessively aggressive and benefit-oriented type of operation makes the company create lots of so-called "innovative" investment department and financial products. All these activities played as the
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2. History 3 a. Formation 3 b. Operations 3 c. The Success 4 d. All that glitters is not gold 4 e. The Fraud 4 3. Products 5 4. Enron Scandal – The Company Fraud 8 f. What Happed? 8 5. Techniques used in the Company Fraud 9 g. Revenue Recognition 9 h. Mark-to-market accounting 9 i. Special Purpose Entities 10 j. Executive Compensation
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The Enron Accounting Scandal Presented By: Jennifer Buondonno Nirmala David Robert Pufky Matt Rollings ENRON Page 1 of 27 Table of Contents Executive Summary……………………………………………………………..3 (I) Introduction to the Enron case and the organizations involved……. 5 Background information & industry…………………………………………….. 5 Organizations and officers involved……………………………………………..6 Accounting firm and partners involved………………………………………….8 Enron’s industry………………………………………………………………….. 9 Enron’s injured parties……………………………………………………………
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BA 215 Spring 2007 Enron Stakeholder Assignment Enron was a dream come true for a lot of people‚ but it was also a nightmare waiting to happen for many more. I am going to examine the collapse of Enron from the management perspective. The three examples of Enron behaving badly that I am going to study are the incidents in Valhalla‚ the electricity trading in California and the conflict of interest between Andy Fastow and his special purpose entities (SPE). These are just a few cases that led
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less-than-majority-owned companies. It acquired major share-holdings in numerous companies throughout the 1980’s. The acquisition strategy resulted in an extremely complicated cross-shareholding-based structure. It was noting that the maximum amount of shareholdings of any company in other group entities was all kept below 50 per cent. For example‚ more than 90% of Tooth & Co Ltd was owned by the group‚ but the big shareholding were split into three parts each of which is under 50%. In this way‚ Tooth was consolidated by
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Managua‚ Nicaragua Sept 28th‚ 2013 ENRON Background In 1985 Kenneth Lay merged his company‚ Houston Natural Gas‚ with Nebraska’s InterNorth to create the Enron; a company to be the biggest natural gass corporation to exist in the U.S. During the 1980’s‚ under the presidency of Ronald Raegan‚ there was a considerable lack of regulations regarding the energy markets‚ thus allowing the company to buy and sell contracts for a delivery at some time in the future. By 1990 Jeffery Skilling joined as
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Essay 2 Doing something for the right reasons can never be wrong. If doing something for the right reasons‚ means doing something that is considered the morally necessitated action. In everyday circumstances‚ it is considered morally wrong to kill a fellow human being. But this does not therefore mean‚ killing a fellow human being is always wrong‚ there may well be circumstances in which doing so; is considered the reasonable and morally right action. One may be put in a situation where the only
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Enron History Special Purpose Entities (SPEs) were used and often abused by most large corporations in the late 1990’s. Enron was likely the corporation that abused the accounting treatment the most‚ but certainly not the only one. The Enron SPEs were not hidden from the auditors or the investing public‚ but were so extensive‚ invasive‚ and complex that no one‚ including primary architect‚ Andrew Fastow‚ was able to understand the total implications. The 2000 financial statements for Enron included
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