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A Movie about Enron Corporation

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In response to the need of sharing one of the America's biggest corporate bankruptcy, a documentary directed by Alex Gibney was made and released on 2005. It was entitled "Enron: The Smartest Guys in the Room which mainly explained the birth and death of Enron Corporation, a company providing energy to America. I had watched the film through YouTube, and it had started with a brief outlook of the happenings in the company, showing the state of Enron at its […]

Enron Scandal and Accounting Fraud Case

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Accounting fraud is a term that to refers to the manipulation of the financial statements of a business organization with the intention of misleading the public and other stakeholders on the financial status and health of the organization. Accounting fraud can be committed either for the intention of giving investors and potential investors a positive image so that they can invest or give the government a negative image of the financial health of an organization so that the organization can […]

Role of Accountants in the Business World

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First, let's start out by showing exactly why accountants are very valuable in the business world. Accountants are known to be the boring people in the company just sitting on their chairs and stare at the computer screen as they make statement sheets about the different transactions. If looked in specific, accounting is one of the major roles in any business big or small. "The Primary task of accountants, which extends to all the others, is to prepare and examine […]

Analysis of the ENRON: Smartest Guys in the Room Movie

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The movie entitled "ENRON: Smartest Guys in The Room is based on a book with the same title written by Bethany Mclean and Peter Elkind. The movie is about a crime story and the bankruptcy of ENRON, one of the most successful and even considered as the 7th largest corporation in America, due to the fraudulent acts by the top management. The film shows video tapes or footage and audio records that reveals the immorality of Enron's employees and management […]

Information about Enron Case

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Condition The issue involving Enron Corporation focuses on professional independence. Enron was a natural gas company that was on the rise to becoming something big when in the 1990s, Kenneth Lay, the CEO of Enron and his subordinate, Jeffrey Skilling began to transform the company into energy trading. They were too focused on having strong earnings performance when they began to use Special Purpose Entities (SPE) to strengthen Enron's financial condition and operating results. This ultimately led to Enron filing […]

Business and Different Financial Issues

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Corporate managers have a professional responsibility to ensure the integrity and faithful representation of their company's financial statements. Outside auditors are responsible for expressing an independent opinion on financial statements to determine if they are presented fairly and in accordance with GAAP. These professional roles are the cornerstone of the U.S. financial system, which protect public interest and investor confidence. Over the past 50 years however, the pressure on corporate management to meet analysts' short-term earning projections, showing continued growth, […]

Enron Scandal as a Learning Lesson

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Enron was a company that transported natural gas through pipelines and distributing electricity to the northwest of the United States. Having the natural gas and electricity come from 93% of the revenues, 4% of the energy wholesome income, and 3% of exploration and services (Ferrell and Thorne, pg. 512). Built off of two major pipeline companies in 1985, Enron was built by their CEO Jeffery Skilling, CFO Andrew Fastow and Chairmen Ken Lay. Combining both a gas and electricity company […]

Importance of Enron’s Actions in United States History

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In 1985, Kenneth Lay merged the natural gas companies Houston Natural Gas and InterNorth, creating Enron. Enron Corporations bankruptcy case is famous for being the largest corporate bankruptcy cases in United States history. In the 1990's the company's stock was expanding at a steady rate; this rate mimicked the flow of economy at that time. But, in 1999, the company saw humongous growths that continued to hold all the way until the end of the year 2000. The company increased […]

Enron: the Chandel of the a Lifetime

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Enron was a perfect storm of under regulation and corrupt consumerism. In many ways Enron was only the beginning in the way american business are to be proceeded today. In addition this case study will be focused on the business model, the specific action that caused its downfall, the consequences of this major event and lastly what all this means in today's world. With that being stated Enron was at the time seen to be the very best and a […]

Everything you should Know about Enron

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Background on the history of Enron: Enron was an American Gas Company that was originally called Natural Gas Company in the early 1930's. InterNorth was a holding company that was located in Nebraska and in 1979 purchased Natural Gas Company. In 1985, Enron was born following the merger of InterNorth and Houston Natural Gas. Following the merger, in 1987 Enron discovered that oil traders in New York have overextended the companies account by $1 billion dollars, which they were able […]

Enron Corporation and its Way to Bankruptcy

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In the 1990s, Enron was a well-respected and one of the most innovative companies in the world. The company sought to forsake old industry and embraced the world of freewheeling e-commerce. Though the company continued to engage in operating gas lines and building power plants, they excelled in their trading model, which was unique to those in existence. Despite the company's involvement in purchasing electricity futures and trading in gas, it saw a new opportunity in other avenues. Through its […]

History of Enron Company

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Northern Natural Gas Company was founded in Omaha, Nebraska, in 1930, and over the next decades changed the name several times finally becoming Enron in 1986. The area of expertise of the company changed dramatically with time as well. Starting as a company that was a conventional natural gas supplier, Enron became an energy-trading company that served an intermediary between producers of energy products and end users. Aggressive expansion policy of the company attracted attention of the business circles, and […]

Short Ideas about Enron Company

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Enron was an energy company that also provided services and commodities. The company was founded in 1985 by Kenneth Lay as a merger company from Houston Natural Gas and InterNorth. After the hiring of CEO Jeffrey Skilling, Enron expanded into as many markets as they could between the 1990's and early 2000's. They began to heavily invest in energy assets across the globe and attempted to become of a hedge fund for energy commodities. In 1991 they created a sub […]

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