Accounting Scandals And Enron Accounting Scandal - 1596 Words

Introduction: In this research paper I will be examining accounting scandals, specifically the Enron Accounting Scandal. First, I will be exploring the history of Enron. Then I will be going into further depth on what accounting issues Enron faced and then I will be explaining what a derivative is. Finally yet importantly, I will consider the different types of Accounting Fraud following a conclusion. Accounting Scandals are born due to collective greed and corporate arrogance. In the case of Enron there was a lot of euphoria before the downfall. Stock prices soared and Enron was seen as one of the most innovative companies in the world. However, things seemed too good to be true. Eventually the company was exposed for its wrongdoing which led to the collapse. Many more of such cases were exposed during the 2008/2009 recession such as the Lehmann Brothers scandal. As mentioned earlier, many financial scandals have happened in the past but none of those are nearly as bad as the scandals when it gets to trading in derivatives. Summary of the Enron Accounting Scandal: In the year of 1985 after the federal deregulation of natural gas pipelines, Enron was born. The company was formed by merging the following two companies: Houston Natural Gas and InterNorth, a Nebraska pipeline company. In the process of the merger, Enron incurred massive debt and, as the result of deregulation, no longer had exclusiveShow MoreRelatedEnron Accounting Scandal1096 Words   |  5 PagesEnron was originally a pipeline company in Houston, Texas in 1985. Enron became a company that was able to profit by providing deliveries of gas to utility companies and businesses. As the deregulation of electric power rose, Enron diversified the business and entered into an energy broker, which traded electricity and other types of commodities. Enron employed several highly qualified PHDs in mathematics, physics, and economics. Enron continued to enter into contracts with customers and utilizedRead MoreEnron Accounting Scandal1706 Words   |  7 PagesThe Enron Accounting Scandal of 2001 There are many accounting scandals that have occurred throughout United States History. Many scandals occur even without outsiders knowing anything that had occurred. Companies try their best to keep many of the accounting scandals quiet. Everyday, there are political and business fraud happening, and most of it goes unnoticed. No company wants to admit that there was a problem or that people within the company are not trust worthy. However, when executivesRead MoreEnron Accounting Scandal1927 Words   |  8 PagesENRON ACCOUNTING SCANDAL The Scandal In the history of accounting, Enron scandal means more than just a legend of accounting managements. It exceeds every other accountings deceit, because the need to secrete its real economic situation was not just a matter of hiding failures borne out of unsuccessful business protrusions. In our summary of the ten major accounting scandals that altered the business world, Enron led the set of white collar crimes committed out of pure gluttony (McLean PeterRead MoreAccounting Scandals And The Enron Corporation1721 Words   |  7 PagesAccounting scandals have happened in numerous companies. In one major case, the firm filed for bankruptcy, and many of its workers lost their jobs, savings, and investments from stocks. This major epidemic happen at Enron, an energy firm stationed in Houston, Texas founded by Kenneth Lay in 1986 (Frontain). On December 2, 2001, the Enron Corporation, an apparently strong and booming business, fell to an all-time low by shocking the world when it filed for bankruptcy protection. Many people wereRead MoreAccounting Scandals. ENRON, WORLDCOM1894 Words   |  8 PagesENRON Enron shocked the world from being â€Å"America’s most innovative company† to America s biggest corporate bankruptcy at its time. At its peak, Enron was America s seventh largest corporation. Enron gave the illusion that it was a steady company with good revenue but that was not the case, a large part of Enron’s profits were made of paper. This was made possible by masterfully designed accounting and morally questionable acts by traders and executives. Deep debt and surfacing information aboutRead MoreAccounting Scandals Of Enron Company1070 Words   |  5 PagesBaasit Kazi Ms. Bogert College Accounting 1-1B 28 April, 2015 Accounting Scandals Reflection Enron was founded in July of 1985. Enron was an electricity and natural gas company which was a fortune 500 company and it was ranked the sixth largest energy company in the world. Enron’s stock went from a peak of $90.75 to $0.67. This was very detrimental to stockholders. Enron’s top executives sold their stock a long time before the stock price fell. A lot of lower level employees could not sell theirRead MoreEthics in Accounting1196 Words   |  5 PagesEthics in Accounting By Pace University – New York Accounting for Decision Making, MBA 640 Fall 2011 Required Research Paper Page 1 of 11 Table of Contents Number Content Page Number 1 Introduction 3 2 Ethics in Accounting 4 3 Enron Scandal 6 4 Satyam Scandal 8 5 Conclusion 10 6 References 11 Page 2 of 11 Introduction †¢ What is â€Å"Ethics†? Ethics, also known as moral philosophy, is a branch of philosophy that addresses questionsRead MoreThe Sarbanes Oxley Act Of 2002 Essay1302 Words   |  6 Pagesthe result of a number of large financial scandals in the United States in the late 1990s and early 2000s. One of the most well-known corporate accounting scandals was the Enron scandal, which was exposed in 2001. Enron, an energy company that was considered one of the most financially sound corporations in the United States before the scandal, produced false earnings reports to shareholders and kept large debts off the accounting books (Peavler, 2016). Enron executives also committed fraud by embezzlingRead MoreCorporate Fraud Has Taken The World By Storm For Over The Past Decade1479 Words   |  6 Pagesfraud cases to ever occur was Enron, Bernard Madoff, Lehman Brothers, and Cendant, with Enron being the largest accounting scandal to ever take place. Prior to Enron’s fraud scandal coming to light in 2001, they were the seventh largest company in the United States by revenue, this was the same year Enron filed bankruptcy (da Silveira, 2013, p. 315). In addition to being one of the largest companies, Enron received numerous awards for their positive business role. Enron received the award for beingRead MorePhar Mor Inc. : Overview1724 Words   |  7 Pagesname the new president of the new company Phar-Mor Inc. and by 1987 had increased to 70 stores and had grown even more to 200 stores by 1990 they then expanded into outlet stores in 1992 which had 25,000 employees in 35 different states. Phar-Mor Scandal In 1992 the bankruptcy of Phar-Mor Inc. cost investors $500 million. Financial problems became known in 1988 when investigation of lower-than-expected profit margin showed that Phar-Mor was billed for inventory because they had not received from Tamco

Gothic Fiction Of Hawthorne And Poe Essay - 1919 Words

Gothic Fiction of Hawthorne and Poe When discussing gothic fiction many early authors come to mind, Mary Shelley, the Bronte Sisters, Bram Stoker, and Oscar Wilde, to name a few, were all exceptional European writers of this style. As for American authors, there are two names that hold top places of honor, Edgar Allan Poe, and Nathaniel Hawthorne. Poe, with his talent for lyrical, poetic prose and conveying the macabre, is considered by many to be the master of gothic fiction. However, Hawthorne with his propensity toward humor and his ability to breathe humanness into his characters is an excellent contender for the title. They both exhibited gothic traditions in their writing, while at the same time adjusting elements of this previously European genre to fit into American surroundings, all the while delivering their own unique contributions to the gothic scene. I will explore and compare some of their works with hopes of identifying what I find to be some of their genius contributi ons to this dark romantic style. Gothic fiction is a genre of literature that is comprised of numerous particular elements. It is a subgenre of romanticism and can be conflated with dark romanticism. This flavor of writing was most popular from the late eighteenth through the early nineteenth centuries. The name gothic fiction relates to gothic European architecture built during the middle ages. Massive cathedrals and castles were erected with pointed, stained-glass windows,Show MoreRelatedPoe Hawthorne949 Words   |  4 PagesContrast of Poe/ Hawthorne Poe and Hawthorne are the most significant American writers of 19th century. They have their own way of relating to their audiences that’s varied and similar at the same time. Poe’s writing involves the reader emotionally. Hawthorne on the other hand considers author’s imagination important and paints a picture based on it. These innovative thoughts and experimentations in language have forever changed what we appreciate in writing. Poe and Hawthorne used variousRead MorePoe vs. Hawthorne: Dark But Not Necessarily Gothic Essay1544 Words   |  7 PagesIn the late eighteenth and early nineteenth century, a new literary genre sprung up, the Gothic story. In the United States, the most prominent exponent of Gothic fiction was Edgar Allen Poe, whose â€Å"horror† tales conjure up the dark side that many of us at least half-believe is hidden just beneath the surface of the most conventional lives. In this paper we will discuss the Gothic in light of two of Poe’s stories, â€Å"Ligeia†, and â€Å"The Fall of the House of Usher,† and contrast Poe’s story with a somewhatRead MoreSimilar Gothic Elements in the Work of Edgar Allan Poe and Nathaniel Hawthorne2436 Words   |  10 PagesSimilar Gothic Elements in the Work of Edgar Allan Poe and Nathaniel Hawthorne Nathaniel Hawthorne and Edgar Allan Poe are considered masters of American gothic fiction. They used similar gothic elements in their writing and used it to build up a sense of impending doom. Even today numerous readers enjoy, study, and discuss the gothic elements both utilized in their work. Gothic writing is a style that is concerned with the dark side of society, an evil that lies within the self. Poe and HawthorneRead More Allegory, Symbolism, and Madness – Comparing the Demons of Edgar Allan Poe and Nathaniel Hawthorne3842 Words   |  16 PagesMadness – Comparing the Demons of Edgar Allan Poe and Nathaniel Hawthorne As contemporaries of each other, Edgar Allan Poe and Nathaniel Hawthorne endeavored to write about man’s dark side, the supernatural influence, and moral truths. Each writer saw man as the center-point in his stories; Poe sees man’s internal struggle as madness, while Hawthorne sees man as having a â€Å"secret sin.† Each had their reasons for writing in the Gothic format. Poe was not a religious man; he was well educatedRead MoreAnalysis Of House Of The Seven Gables Essay1617 Words   |  7 PagesEvil within the Portraits The traditional Gothic taste for â€Å"portraits† is frequent in many novels and short stories that follow the conventions of literary mode making it present in these both texts; House of the Seven Gables by Hawthorne and Edgar Allen Poe’s The Oval Portrait. Often the characters in such Gothic romances are haunted by the tyranny of the past, which make it inescapable. It often leads to the destruction of their loved ones. Others motive of escape is often pulled back by a curseRead More##arison Of Gothic Fiction In Young Goodman Brown And The Tell-Tale Heart By Edgar Allan Poe746 Words   |  3 PagesBecoming popular in the 19th century, Gothic fiction has been defined by such works as Mary Shelley’s Frankenstein and the works of Edgar Allan Poe. Horror, death, supernatural events, the grotesque, the dark, and sometimes even the romantic are key characteristics of the Gothic genre. There are the obviously Gothic stories of Young Goodman Brown by Nathaniel Hawtho rne and The Tell-Tale Heart by Edgar Allan Poe but also the less recognizable Gothic stories such as A Clean Well-Lighted Place writtenRead MoreDark Romanticism By Edgar Allen Poe1625 Words   |  7 Pagespeople who like this style are know to be obsessed with gothic nature. Dark Romanticism is also know to come from darkness in the human soul, original sin, and a dark outlook on society. Dark Romanticism is the complete opposite of romanticism. According to what is dark romanticism â€Å" Dark Romanticism is. A sort of genre threat combines traditional love objects, like visually heart shapes, cute Costumes, and cupids, with distinct elements of the gothic, such as the color black,animals familiar like catsRead MoreAmbiguity of American Gothic Fiction1765 Words   |  8 PagesJulie Fallows 6423747 Sean Moreland November 27, 2012 Ambiguity of American Gothic Anxieties Since the 19h century, American Gothic fiction started to exist independently from the British type. In fact, the latter was marked by its use of fantastic, externalized and metaphysical elements as opposed to the boundaries of American Gothic fiction in which were expressed by historical, internalized, racial and psychological characteristics. (Edwards, XVII) In Edgar Allan Poe’s The Raven, FallRead MoreGothic Fiction : The Castle Of Otranto1443 Words   |  6 PagesAngelic TR – 8a-9:15a Comp. 2 Gothic literature was almost single handedly invented by Horace Walpole with his novel The Castle of Otranto in 1765. A mix of romance and horror, many authors today and many authors in the past have used gothic fiction to fill the readers with suspense and terror. Edgar Allan Poe used elements such as suspense, setting, and language to create a plethora of gothic fiction stories. Stories such as Poe’s Cask of Amontillado capture the gothic element perfectly. A combinationRead MoreAnalysis of Poes Successes and Failures in Poetry and Fiction1745 Words   |  7 PagesAn Analysis of Poes Successes and Failures in Poetry and Fiction Edgar Allan Poes career may have been a failure considering what he set out to do, but he did achieve some success and notoriety in his own lifetime. His most successful poem was, of course, The Raven, a piece he composed to satisfy popular taste. But some of his short fiction was popular as well. As an editor and publisher, however, Poe did not quite achieve the greatness he sought. His legacy grew only after his death, thanks

My Athletic Experience and Future Plans Essay Example For Students

My Athletic Experience and Future Plans Essay My name is Nurul Fa’eqa Bt Razak. I was born on the 9th of October in 1992, which means I am 23 years old now. I got 4 siblings, an elder sister, an elder brother and a younger brother. Then I have got my mom and dad too. I finished off my high school and took about five and half years in Universiti Teknologi Mara, Perlis to gets qualification in Diploma of Sport Studies and Degree in Sport Science with thinking of getting some good grades with the opportunities that UiTM giving me. The field I am thinking since my high school to study in is sport as I involve in sports such netball, track and field, handball and others. So, that is my goal and I always try to aim to do my best in everything that I involved. The fact is, sports become my major as most satisfaction come by playing games, involved in competition and winning become second enjoyment as thumb up in my level of performance. My interest in teaching began when I was inspire by my lecturer which is Madam Azzura Bt Kamarudin which one of my former lecturer in Universiti Teknologi Mara, Perlis. She told me that sport is wide major to be explored. It is not just playing game in getting popularity. With experience, keep on learning, getting knowledge and challenging our abilities will bring someone with nothing into something. After assessing my passions and my abilities, I decided to explore on becoming a trainers in educate and guide next generation to grow intellectually and pursue what they desire to. In 3 years I would like to be part of community in education and represent of sport science trainers in educate students to be more versatile. An athlete actually needs to understand himself/herself first before others. For example, in competition, there are limit for athlete to strive his/her performance into their best one. It involve of context in psychology, biomechanics in performance execution, nutrition and it becomes a trainers responsibilities to educate them well especially for high school student where they were not exposed on the right way in dealing with problem for example, injury and the most important is state of physiological and psychology which affect an athlete condition most. So, with the knowledge I had been learn since my diploma and during my degree level, I hope that I can deliver the knowledge and contribute toward sport community in produce an intellect athlete with a good grades and good knowledge in sport. I would like to take a step further to become a good educator for the lifelong learning journey of the new generation. As health and fitness become the one of most important things now days with our Datuk Khairy bin Jamaluddin who was our sport minister had expand our view in become healthy in a new ways. So, I want to take that opportunity to share and continue our sport minister legacy to bring sport and fitness as one area which can contribute on bring our nation as far as good in sport like China, United State and others. By then, I will develop students to be more enthusiastic, more practically and dedicated individual to ensure that they can have the opportunity to achieve their potential by understanding the underpinning of learning competencies of sport with contemporary science. On top of that, I want to become as their career inspiring and will give them breadth of experience, knowledge and skills for a rewarding in sports science or others. Since sport science become as my major which I put my passions into one well rounded course. I want to reward the new generation who will continue on explored in sport by rewarding experience that I had been learn with theoretical knowledge combine with very hands on approach and real world experience. .ue14c769cbf2dab5e03866c36dce35970 , .ue14c769cbf2dab5e03866c36dce35970 .postImageUrl , .ue14c769cbf2dab5e03866c36dce35970 .centered-text-area { min-height: 80px; position: relative; } .ue14c769cbf2dab5e03866c36dce35970 , .ue14c769cbf2dab5e03866c36dce35970:hover , .ue14c769cbf2dab5e03866c36dce35970:visited , .ue14c769cbf2dab5e03866c36dce35970:active { border:0!important; } .ue14c769cbf2dab5e03866c36dce35970 .clearfix:after { content: ""; display: table; clear: both; } .ue14c769cbf2dab5e03866c36dce35970 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ue14c769cbf2dab5e03866c36dce35970:active , .ue14c769cbf2dab5e03866c36dce35970:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ue14c769cbf2dab5e03866c36dce35970 .centered-text-area { width: 100%; position: relative ; } .ue14c769cbf2dab5e03866c36dce35970 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ue14c769cbf2dab5e03866c36dce35970 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ue14c769cbf2dab5e03866c36dce35970 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ue14c769cbf2dab5e03866c36dce35970:hover .ctaButton { background-color: #34495E!important; } .ue14c769cbf2dab5e03866c36dce35970 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ue14c769cbf2dab5e03866c36dce35970 .ue14c769cbf2dab5e03866c36dce35970-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ue14c769cbf2dab5e03866c36dce35970:after { content: ""; display: block; clear: both; } READ: French Literature in the Age of Reason EssayI want to have an opportunity to work with an elite athlete and others by contribute toward community. All of this will give me chances of confidence and network to further my career. I also want to put a vast variety of units which will allow them to get an insight into all aspects in sport science such as in psychological aspects, rehabilitation, biomechanical and physiological for example and I want to enable them to choose path that they are most passionate about. For me it is a wonderful to be part of such exciting field to study. Lastly, I hope that I will get the opportunity to become as a trainer in educate and guide new generation to further their studies and expand their abilities with knowledge that I had been learn since my diploma and degree level. The most important thing to me is to produce an intellectual athlete with a good grade and excellent in sport. Besides that, I also want to ensure that they be able to choose the right pathway to further their career and bring our sport area into new era of legacy.

Queens Disaster Plan free essay sample

A paper reviewing the disaster plan for the community of Queens, New York. The paper reviews the disaster plan put out by Queens, N.Y. It shows that awareness about the importance of Community Disaster plans is on the rise and the American Red Cross and fire department are doing their best to educate the community of Queens, New York. The paper shows that what is important is that the disaster plan is practiced regularly and carried out as planned during times of emergency. It surmises that the disaster plan is very effective and covers nearly all issues helping to save more lives and property. The Disaster Plan although very useful and helpful can be further improved upon by giving more importance and consideration to a few issues. The most important is working out a plan on how to help the disabled and handicapped members of the neighborhood. This also applies to elderly people who may have mobility problems. We will write a custom essay sample on Queens Disaster Plan or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Although the above disaster plan applies to them, a few more points should be taken into consideration. The old and the disabled should provide a spare key to their house to any of the nearby neighbors. All emergency health supplies and necessary medicines should be kept within easy reach.