Enron and the fall of the company

Essay specific features

 

Issue:

Business

 

Written by:

Kenneth V

 

Date added:

September 16, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

7 / 1900

 

Was viewed:

7243 times

 

Rating of current essay:

 
Essay content:

Apart from losing their job, their form of income for their families, they also lost any money that they had invested in shares of the company and their pension funds, because the company encouraged their employees to invest their money in its own shares and also closer to the end they wanted their employees to invest even more money...
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When doing account for any company they all follow a standard called GAAP (Generally accepted accounting principles), GAAP provides guidelines and rules which companies use when preparing their financials statements so that all company are on the same page as one another. When Arthur Anderson accounting were preparing the financial statements for Enron they were lying about the financial situation that the company was in, in order to make the company look financial better than they really were...
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