Enron Scandal Analytical Essay by Ace writers
Enron Scandal
$19.95
Buy and instantly download this paper now
Description:
This paper aims to explore the shocking discoveries or revelations that have been made during the Enron scandal and its probable impact on accounting procedures, financial management responsibility, and government regulations. The paper concludes with a personal assessment of the shocking discoveries made in the course of the scandal.
From the Paper:
"Enron's stunning collapse has cost thousands of employees their savings and led to criminal and congressional investigation. Formed in 1985, Enron began as an energy company shipping natural gas through pipelines. In 1989, it entered the natural gas commodities market. In 1994, Enron started trading electricity contracts and soon became the largest US electricity trader. By the late 1990s, Enron had ventured into trading coal, paper and even telecom bandwidth. By this time, most of the Enron's revenues came through trading. However this massive growth came crashing to a halt in October 2001 when the company made an unexpected announcement. It was worth $1.2 billion less than it had previously claimed largely due to debts and losses the company had attributed to separate investment partnerships it had created in the late 1990s, all remained unmentioned in the company's books. Enron declared bankruptcy on December 2. Since then investigation has been going on about the knowledge that Enron's management had but did not reveal regarding the partnerships. Partner in this accounting scam was Enron's accounting firm and external auditors, Arthur Andersen who approved those financial statements."Cite this Analytical Essay:
APA Format
Enron Scandal (2004, January 26)
Retrieved June 05, 2023, from https://www.academon.com/analytical-essay/enron-scandal-46911/
MLA Format
"Enron Scandal" 26 January 2004.
Web. 05 June. 2023. <https://www.academon.com/analytical-essay/enron-scandal-46911/>