Enron And Its Impact On Enron s Downfall Essay - 1492 Words

Abstract recent collapses of high profile business failures like Enron,Worldcom,Parmlat,and Tycohasbeen a subject of great debate among regulators, investors, government and academics in the recent past. Enron’s case was the greatest failure in the history of American capitalism and had a major impact on financial markets by causing significant losses to investors. Enron was a company ranked by Fortune as the most innovative company in the United States; it exemplified the transition from the production to the knowledge economy. Many lessons can we learn from its collapse. In this paper we present an analysis of the factors that contributed to Enron’s rise and failure, underlying the role that energy deregulation and manipulation of financial statements played on Enron’s demise. We summarize some lessons that can be learned in order to prevent another Enron and restore confidence in the financial markets, as well as in the accounting and auditing professions. Introduction Financial statement analysis is a foremost tool in predicting bankruptcy and probability of business failure. It helps investors and creditors to assess growth rates and income prospects to compare investment alternatives and make financial decisions.However, the Association of Certified Fraud Examiners highlights the frightful fact that companies can manipulate their financial statements. Such manipulation is financial statement fraud which occurs when the financial statements are prepared or reportedShow MoreRelatedEnron Scandal And Its Ethical Implications1744 Words   |  7 PagesEnron Scandal and Its Ethical Implications Introduction Enron’s collapse in 2002 was perhaps the most shocking and widely publicized ethical violations of all times. Once one of the world’s largest energy company, Enron’s downfall and the demise of its accounting firm Arthur Andersen, highlight corporate America’s moral failings. Enron was charged with substantial accounting frauds by manipulating its major accounts and by masking its massive debts. The company stock that once peaked at $90 was downRead MoreThe Downfalls Of Enron, By Han, Henry959 Words   |  4 Pagesfactors or critical issues presented in the case are the downfalls of Enron, which originated out of Houston Texas by Han, Henry(n.d.). He was one of the highest paid Chief Executive Officers in 1999. This organization was aware of the first gas pipeline company that implied known worldwide. The company covers the world’s leading electricity innovations, personnel management, and risk management processes. Also, further studies the company s dramatic failed complex issues that the forced company toRead MoreCorporate Social Responsibility Of The Enron Corporation1124 Words   |  5 PagesIntroduction We will look at the Enron Corporation and discuss its application of Corporate Social Responsibility (CSR) or in actuality its irresponsible behavior as related to social responsibility. We will revisit what CSR is and discuss Enron’s philosophy regarding its use and function within the corporation. We will discuss the consequences of Enron’s irresponsible behavior and the far reaching effects it had on society. Corporate Social Responsibility are actions taken by a corporationRead MoreEssay on Enrons Fraudulent Accounting and Financial Information992 Words   |  4 Pagesbe wage and pension increases. This report offers information on operating results and financial conditions of companies to stakeholders as well as to shareholders. Any fraudulent financial reporting of a company like Enron for example would have a widespread and severe impact on employees, business acquaintances, investors as well as stakeholders and shareholders if the company went bankrupt. But are financial statements as truthful as they seem? There are many different types of safetyRead MoreEnron Scandal And Its Impact On The Economy Essay1305 Words   |  6 PagesThe Enron scandal was the largest corporate financial scandal ever when it emerged. It took the economy the better part of a year to recover from the damage the Enron controversy caused to the US as a whole. Enron is not fully responsible, but it was a large contributor to the collapse of the stock market in the early 2000’s. In the year following the 9/11 hit to our country and economy the DOW lost close to 4500 points; down to 7500 from almost 12000, it did gain some back, but considering the greatRead MoreEnron And The Natural Gas Industry1542 Words   |  7 PagesEnron Background: Enron, based in Houston, Texas, was founded by Kenneth Lay as an energy and pipeline company in 1985 from the merger of two natural gas pipeline companies, Houston Natural Gas and InterNorth. The impetus for Lay to start Enron was the deregulation of the natural gas market in the mid 1980’s, which relaxed the rules on natural gas prices and allowed for more flexible agreements between natural gas producers and pipeline managers. These changes essentially eliminated the practiceRead MoreEnron Was An American Gas Company1480 Words   |  6 Pagesmany people discuss Enron, they immediately associate it with one of the most scandalous accounting scams in history. Enron was an American gas company that arose as the Northern Natural Gas Company in 1931. Internorth was a holding company in headquartered in Omaha, Nebraska, purchased the Northern Natural Gas Company and restructured it is 1979. Founder Kenneth Lay formed the company by merging the two companies and created Enron. E nron was founded in 1985, as one of the world s leading electricityRead MoreEnron s Ethics Code Of Enron Essay943 Words   |  4 PagesAbstracts Enron was once one of the largest companies in the world. After many years of using diverse accounting tricks, they finally had to file bankruptcy in December 2001 due to not being able to hide billions in debt. The top 140 executives got paid 680 million in 2001. (CNN Library, 2015). Kenneth Lay as the founder of Enron and Jeffrey Skilling as the chief executive were both convicted in 2006. (Weiss, 2009, p.28). Thousands of workers were left with valueless stock in their pensions whichRead MoreThe Ethics Of The Enron Case1622 Words   |  7 PagesIntroduction The Enron case is well known for being the largest corporate bankruptcy in American history. Thousands of people world-wide lost billions of dollars, lost life savings, and lost their jobs. Due to the vast corruption, greed and the blatant disregard for integrity from the very top of Enron leadership, world markets crumbled and investor confidence in corporate America was severely damaged (Chandra, 2003.) We will look at the accounting fraud committed by Enron executives and interestedRead MoreThe Demise Of The Andersen Accounting1746 Words   |  7 PagesThe Enron scandal was one of the most notorious bankruptcies of all time. Many people know about the energy titan’s downfall but less realize that it was also one of the biggest auditing blunders in American corporate history, leading to the dissolution of the Arthur Andersen LLP, which at the time was one of the five largest auditing and accountancy partnerships in the world. The most intriguing aspect of this case is that Andersen was eventually cleared by the United States Supreme Court, yet the

The Potential Causes And Possible Treatment Of Exercise...

The potential causes and possible treatment of exercise addiction Unquestionably, physical activity complements the quality of life for an individual, while exercising on a regular basis results in many benefits. Nevertheless despite the great benefit of sport, many experts commonly agree that physical activity may be harmful. One of the unfavourable areas within sport, which is frequently examined by researchers, is exercise addiction. The predominance of exercise addiction is quite rare in reality, but when present conflicting consequences can be calamitous (De Coverley Veale, 1987; Szabo, 2007). Szabo (1998) proposed that those addicted to exercise will experience a more compelling withdrawal than dedicated exercisers. A comprehensive manner to distinguish between both sets of individuals may be through the actions and intentions for exercise of the individuals. Exercise addiction between an athlete which is healthy and an exercise addict may be sharing very similar levels of training; the difference is the mental approach and attitude taken by each individual. The individual addicted to exercise is unable to see the real value in unnecessary exercise and is resolute in pursuing his sport despite it being against his best interest. The definition of exercise addiction is complemented by six common symptoms of exercise addiction: mood modification, salience, withdrawal symptoms, relapse, tolerance and personal conflict (Brown, 1993; Griffiths, 2005).Show MoreRelatedEtiology, Predispositions, And Vulnerabilities1738 Words   |  7 Pageshave been designed to explain the how IAD develops in an individual and how it is then maintained. These models draw from different fields of psychology such to determine different theorised causes for the addiction such as biological factors (such as chemical imbalances making one more susceptible to addiction), psychological predispositions (such as other mental health problems or personality) and social factors (such as culture, socio-economic standing and acceptance of the Internet from others)Read MoreThe Effects Of Gambling Addiction On The Brain1682 Words   |  7 PagesBiological Factors Addictions are known to activate the culmination of sites in the brain that make up the ‘reward centre’ which is responsible for feeling happiness or pleasure through the release of dopamine (Linden, 2011). After repeated exposures, receptors in the brain build a tolerance towards the addiction meaning that there is a need for increased stimulation to provide a similar ‘high’. Eventually behaviour patterns develop so as to avoid withdrawal. At this point addiction is occurring andRead MoreSex Addiction1173 Words   |  5 Pagesday-to-day life cause people to use out of frustration, and others seem to become addicted to things that they subliminally tie to other forms of satisfaction. It has been proven that our genetic make up as well as things we experience early in childhood both contribute to a wide variety of the mannerisms we showcase, and the activities we are prone to taking part in. For example, if an individual is exposed to pornography at an earl y age, it would be easy to establish the foundation for a potential addictionRead MorePalliative Care For End Of Life Patients1450 Words   |  6 Pagesimplemented. Healthcare providers must also be knowledgeable of potential barriers to pain therapy and how to address such barriers in order to provide the most patient-specific and effective treatment possible. The Impact of Pain Management during Palliative Care The experience of pain at the end of one’s life consists of a wide array of origins and interpretations. As a result of the diversity of pain the treatment needs to be specific to the patient experiencing it. It is a veryRead MoreWhy I Chose to Become a Mental Health Counselor Essay1290 Words   |  6 Pagesthe patient so that the patient will feel comfortable speaking about issues that are private or embarrassing. There are many different types of counselors including drug counselors; marriage counselors, grief counselors, job counselors, diet and exercise counselors, and others that can help people improve their lives in different ways. Counselors are trained to offer advice and listen to issues that may be bothering other people. They are not allowed to prescribe medication or expected to provideRead MoreThe Expression Of Recovery Model1147 Words   |  5 Pagesbegan in the addictions field, referring to a person recovering from a drug or alcohol disorder. Emerged in the 1930’s as a grassroots consumer advocacy movement, it was not taken seriously by professionals until in the 1980’s. It was at this time the mental health field therapist realizes that, similar to recovery from an addiction, recovery from a mental illness is also possible. Recovery is describing as a personal centered, that is contested with problems or diseases centered treatment., that worksRead MoreSymptoms And Treatments Of Physical Therapy1593 Words   |  7 Pagesderivative that can be used in therapy for COPD for bronchodilation. Theophylline is also used for treating other respiratory diseases such as asthma. Acetaminophen (brand name Tylenol) is an over-the-counter analgesic that can be used for the treatment of pain from menstrual cramps. Acetaminophen is also used to treat other types of pain and to reduce fever. IV. Pharmacokinetics Clonazepam is administered orally and is rapidly absorbed within 1 to 4 hours. Within this time, it usually reachesRead MoreThe Effect Of Exercise On The Body2597 Words   |  11 Pagescenturies exercise has been a part of the lives of men. Whether through carrying a freshly hunted boar through the forest or riding a bicycle to work, exercise plays a huge role in a vast amount of areas. As man learned more about the body and how everything functioned, he uncovered how many factors play a role in health, including mental health. Doctors normally recommend daily exercise. However, there are other sides of the argument. One can become addicted to exercise. The addiction starts asRead MoreThe Unethical Impacts of Direct to Consumer Drug Advertising1130 Words   |  5 Pagesexaminations has led to a large increase in clinical examination and this makes the pharmaceutical companies happy and helps padding their pockets. Using this type of advertising, these drug companies allow deta ils of a particular drug to spread to a potential patient and then most likely pushed by the doctor upon visit. These types of advertising campaigns are focused on trying to â€Å"enrich† the consumer (Relman p28). Even though this type of advertising campaign allows most drugs to be cheaper overallRead MoreIs Attending The Most Difficult Times For An American Student?1273 Words   |  6 Pagespsychological effects. Students typically struggle to find recourse for help with alcohol on campus. There needs to be more adequate resources for prevention and intervention available to students who struggle with managing stress and anxiety and addiction to alcohol. Sheer amounts of pressure and anxiety overwhelm college students. Usually the first stressors students encounter are on move-in day. The first day of college means leaving home, making new friends, and saying good-bye to parents. A survey

My Parents Taught Me The Value Of An Education Essay

I was born in Delta State, Nigeria. I am one of eight children. My mother was an orphan and my father lost his own father at the age of 7; both my parents grew up in poverty in Nigeria and managed to succeed because of the education they were fortunate to receive. I mention this to illustrate that my parents taught me the value of an education and have provided my siblings and I with the right access to resources to ensure we succeed academically. My family voluntarily migrated to the UK when I was seven years old to avoid death threats made against my parents. We initially lived in Kent, and I attended primary school in Ramsgate. My siblings were one of the few Black students in the school I was the only Black student in my grade. Prior to migration, I was aware of the racial categories in the UK and the US, and the implications of being an African immigrant in the UK, but I did not comprehend the full implications of this until I lived in a country where I was a racial minority. T hankfully, my primary school had other international students, from across the globe, and I had some open-minded British peers and I could thrive and learn about other cultures. This early exposure was a great eye-opener for me – I learnt about racism, classism, and culturally different gender expectations. This was a great learning experience and has informed my interest in studying social justice issues and cultural differences. I was born in Delta State, Nigeria. I am one of eight children.Show MoreRelatedTrue Education : What Motive Is Appeal?1397 Words   |  6 PagesToday, in the present time, what is the trend of the education given? To what motive is appeal most often made? To self-seeking. Much of the education given today, is a perversion of the name itself. In true education the selfish ambition, the greed for power, the disregard for the rights and needs of humanity, that are the curse of our world, find a counter-influence. True education means more than taking a certain course of study. It is broad. It includes the harmonious development of all the physicalRead MoreInfluence Of My Parents Influenced My Life946 Words   |  4 PagesInfluence Both of my parents influenced my life. They instilled self-dignity, integrity and respect. Helping me understand self-dignity, I had to discover my natural uniqueness and embraces them. They did not stress external beauty, I was always total I was as pretty as my actions and attitude. If they were negative and unpleasant, then I would be seen the same way. My parents were loving and affectionate, but they also gave us real talk. Having integrity was a must, without trust in any relationshipRead MoreEssay about Family Values, Personal Values870 Words   |  4 Pages Family Values and Unity There are so many various types of people with different ethnic backgrounds, culture and manner of living that are the cause of distinct values in a family. These families have poor, mediocre or virtuous family values, however what one may consider as a mediocre family value may seem poor to someone else and vice-versa. These family values differ from family to family world-wide. The most significant values are family unity, honesty and education. FamilyRead MoreCulture Is The Values, Attitudes, Customs, Beliefs, And1072 Words   |  5 Pagesis the values, attitudes, customs, beliefs, and habits shared by members of a society (Parrillo, V. N., 2014, p. 26). Culture is known to continuously change through the environment, discoveries, technological advances, natural disasters, inventions and contact with other cultures (Parrillo, V. N., 2014, p.31)..America is culturally diverse. It’s a melting pot to where many cultures meet and blend together over time. Within the world today, they’re many different variations of cultures. My great grandfatherRead MoreThe Value Of Education856 Words   |  4 PagesHassan Bajwa Prof. Lesley Broder English 24 8 January 2018 The Value of Education Education has been a powerful instrument that guides the society in achieving human desires and aspirations. It is in the nature of human beings to have big dreams in life. Everyone desires to be successful and lead a prosperous lifestyle. However, a successful life is a fruit of good education. I believe in the value of education because it has the power to transform one from nothing to something. From a naà ¯ve youngRead MoreCulture Is It Anyway, Culture, Values, Attitudes, And Traditions902 Words   |  4 PagesCulture has been defined as the knowledge, values, attitudes, and traditions that guide the behavior of a group of people and allow them to solve the problems of living in their environment. Beyond this standard definition, I believe that culture is a conglomeration of the things we adopt from our families, friends, peers, and other members of our community. As Reyes stated in her article â€Å"Whose culture is it anyway,† culture extends to all individuals, includ ing those considered â€Å"of the norm† withinRead MoreImportance of Teamwork and Collaboration1014 Words   |  4 Pagescommunities, friends, and parents all impact the manner in which an individual develops within the context of society. A great influence on my decision to pursue graduate level study was that of my parents. Both being teachers, I personally was impacted by their love of education and continuous learning. This ultimately manifested in my medical studies and fellowship back in the UAE. My parents, both of whom taught the fundematels of knowledge were based on a solid foundation of education, stressed the importanceRead MorePolitical Socialization Is A Particular Type Of Political Learning915 Words   |  4 Pagesattitudes, values, beliefs, opinions and behaviors that are conducive to becoming a good citizen in their country. With political socialization there are many factors that are present when these views are formed, many are very apparent like historical events, and a clear effect such as gender, race, and socio-economics status. My own political views were formed the same way as everybody else were. Through the first people I came to know, which were my parents. My parents taught me what theRead MoreI Am A Father Who Migrated From Sierra Leone925 Words   |  4 PagesStaying in school and pursuing a higher education wouldn’t have been possible if it wasn’t for my family and teachers in high school. Entering into college, I wanted to do public health, but I wanted to be a doctor to please my father and to satisfy his hunger to have a doctor in his family. My father made sure his children went to college, and if they didn’t, it was clear they couldn’t stay in his house anymore. My parents struggled to support all of my siblings and supply each of us with everythingRead MoreThe Parenting Of Asian Mothers Essay1368 Words   |  6 Pagesyour ability. You cannot be a musician; you have to be a doctor. You can only be someone when you ARE someone. That will only happen after you take ten extra lessons outside of school, and you also have to learn how to play all types of instruments. My main point is, you have to be the best.† For many centuries, cultures from all around have had many debates on the correct way of parenting. In recent times, a specific type of parenting has been in the spotlight: the parenting of Asian mothers. They

How to perform Investigation of illegal digital materials- Free Sample

Question: Discuss about theInvestigation of Illegal Digital Materials. Answer: Introduction The case starts when one customer finds a workstation belongs to M57.biz on secondary market. Case has been reported to police and it has been identified that this illegal material belongs to Jo. Our aim is to investigate this case based on USB drives. Observations needs to be make about various scenario. This work is related to the illegal digital content which takes a scenario of a company M57.biz. How We Got to Know if PC is Missing The detectives meets the McGoo at the company and it was informed about a missing computer. Although that was nonfunctional but had critical information. As per investigation Jos name came up and was under suspicious category. Our investigation now has third part USB used with the system. USB drive can have some data remaining as a part of backup. The illegal category content which is in USB drive needs to be analyzed for this part. As per USB drive we have come to know that content in Jo;s drive was suspicious. Software used is prodiscover Figure 1: Software Hard Drive The methodology starts from knowledge gathering phase, which concentrates on gathering knowledge about how we need to investigate this case. Below diagram shows the overview of the system. Figure 2 Information Direction Based on this we can answer the questions: Terry was owner of this inventory management, although Pat asked Terry to make a list of the inventory needed for the business expansion purpose. As per inventory expansion purpose Terry was supposed to make a list of the inventory needed for the business expansion. This brings in the point that missing computer was sold in secondary market. As per investigation we have not found solid attempts but yes there were some attempts to manage the list in such a way that no one notice loss of items from inventory. And also should be responsible for sale of computer. As he was owner of preparation of the list and execute the plan.. We can guess Jo is the owner of these files and to confirm this disk image has some half evidence. Also as per mail conversation jo/Terry was responsible for secondary market sold things and was owner of this area. The below evidence shows JO was involved Date 10 December 2009 Affiant Detective Joe Friday Reason for Action: Forensic persons could decide out of the PC that a USB drive conceivably claimed from Jo possession was utilized to associate with the PC, and perhaps used to exchange kitty illegal material Move Made: Starting from the suspicion that possessed drive was owner by Jo, we have asked for and been conceded rights to take the USB drive. The action was taken on the basis of the information found with respect to the PC with the number MT-2009-12-015-EV001 which was the physical address of Jos computer. Result: If we are allowed authorization to inquiry PCs, we would first take possession of the thumb drive (Present ownership is with Jo) around then. This signifies Jo;s hand in this case. Recovery of Computer The individual additionally gave the name of the merchant: Terry Johnson PC has been recuperated, the person who was login has physical address of MT-2009-12-015-EV001 and as per crime scene investigation this proves to be a critical issue. Conclusion As per investigation it can be concluded that analysis of USB drive gives important information about the owner of the illegal digital content trafficking person. Also information through this is reliable and can be fully trusted References Article III. Initiation of Cases: 12. Complaint; Investigation; Petition. (1959).Crime Delinquency, 5(4), pp.351-356. Bates, J. (1963). Presentence Investigation in Abortion Cases.Crime Delinquency, 9(3), pp.306-312. Casey, E. (2007). Attacks against forensic analysis.Digital Investigation, 4(3-4), pp.105-106. Forensic entomologyStandards and guidelines. (2007).Forensic Science International, 169, p.S27. Forensic Evidence and Crime Scene Investigation. (2013).Journal of Forensic Investigation, 01(02). Forensic Evidence and Crime Scene Investigation. (2013).Journal of Forensic Investigation, 01(02). Garfinkel, S. (2006). Forensic feature extraction and cross-drive analysis.Digital Investigation, 3, pp.71-81. Gogolin, G. (2010). The Digital Crime Tsunami.Digital Investigation, 7(1-2), pp.3-8. Haagman, D. and Ghavalas, B. (2005). Trojan defence: A forensic view.Digital Investigation, 2(1), pp.23-30. Lewthwaite, J. (2013). FrostWire P2P forensic examinations.Digital Investigation, 9(3-4), pp.211-221. Mason, S. (2005). Trusted computing and forensic investigations.Digital Investigation, 2(3), pp.189-192. Mistry, D. (2016). Ploughing in Resources: The investigation of farm attacks.South African Crime Quarterly, (6). Stttgen, J. and Cohen, M. (2013). Anti-forensic resilient memory acquisition.Digital Investigation, 10, pp.S105-S115. Wilson, J. (2001). Riverboat Gambling and Crime in Indiana: An Empirical Investigation.Crime Delinquency, 47(4), pp.610-640.