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Special Purpose Entities and Accounting at Enron

This approach was legal and acceptable under FASB rules at the time. The Enron-specific problem arose when Enron did not consolid...

Accounting, Environment, and Society

accounts has been laid down by the use of statutory instruments such as the Companies Acts as well as regulations laid down by the...

Cost Structure and the Airline Industry

In this way the more operating leverage an airline has, the greater its business risk will be. Despite the fact that many analyst...

Appropariate Guidance and Standards for the Consolidation of Special Purpose Entities and FASB

does believe that: "most SPEs serve valid business purposes, such as isolating assets or activities to protect the interests of c...

WorldCom, Enron, and Ethics

employees - and even the economy. In the end, no one has benefited from either situation, because the methods were done in secrecy...

A Life Cycle Systems Development

The scope fop the project can then be defined in terms of the number of people that this will effect and the departments...

Organization Evaluation of JTF FA

of the hierarchy. While Webers idea in practice may not work as well as many would like, it should be kept in mind that Weber inte...

Overview of Vampirism

became a variety of vampire lore which abounded. Interestingly enough, however, the basic idea that this entity was the undead, ca...

Market Value Add and Economic Value Add

reflecting a more accurate statement of a companys health and wealth (Stern Stewart & Co., 1999). In most cases, "opportunity cost...

A Case Study on Accounting Issues

need to consider the way the companies is going to compete. For example, the structure of a company seeking to develop a cost adva...

Americans of the Nineteenth Century and Western Conquest

Her life journey coupled her with a man who became her husband and took her with him on his expedition to Chihuahua, Mexico. What...

Could the UK Realize a Similar Enron Disaster?

problems were already apparent. In the annual accounts, debts had been understated and profits had been overstated to the amount o...

Management Accounting and the Source of Error Represented by Fixed Costs

to date figures on a daily or weekly basis form which they can monitor a companies performance, control costs and the bank account...

Robert F. Kennedy's 13 Days Memoir of the Cuban Missile Crisis

saw a moment in time when the world may well have seen utter chaos with the dropping of nuclear weapons. Chapter One begins thi...

Management Accounting and Errors Caused by Fixed Costs

may be seen in the way costs are calculated, this may be by absorption costing, marginal costing or activity based costing. In all...

Comparing the Movie 'Elizabeth' with 'New Worlds, Lost Worlds The Rule of the Tudors 1485-1603' by Brigden

preface of her book, author Susan Brigden confesses to the broad nature of her book "New Worlds, Lost Worlds: The Rule of the Tudo...

Pros and Cons of International Accounting Standards

* Better integrate pricing, financial reporting, earnings analysis, forecasting, and risk management (Duran et al., 2003). From...

Character of Jo in Charles Dickens' Bleak House

after several of the detectives he knew from the local department. Dickens routinely, then, chooses those who are the most...

A Production Decision Making Case Study

company. The first option is to adjust the product mix so that the products made maximise the potential profit. The second option ...

Enron's Failure and its Reasons

accounting system it may be argued that a collapse in the style of Enron is much more unlikely due to very different accounting en...

Global Development, Business Strategy, and Negotiating Position of Hindustan

organizations again began seeing India as an attractive site of operations. Any of the emerging markets under consideration...

Proposed Acquisitions Accounting

appears this has been assessed at 1.2 million, if the figures give above are in thousands, which appears to be the case (the stud...

SAFC 7; Using Cash Flow Information and Present Value in Accounting Measurements

This 3 page paper looks at the FASB statement of financial accounting concept (SAFC) 7 which deals with the measurement of future ...

HISTORY OF ACCOUNTING PRACTICES AND PROCEDURES

In the late 15th century, accounting became a specific science, thanks to the words of Luca Pacioli. Pacioli, a mathematician and ...

Autobiography of Benjamin Franklin

Moderation. Avoid extremes; forbear resenting injuries so much as you think they deserve. 10. Cleanliness. Tolerate no uncleanline...

The Historiography of Thucydides and Herodotus

that Thucydides, along with several other original historians "simply transferred what was passing in the world around them, to th...

Academic Day/Meeting with Teachers

The teacher who pointed this problem out to me was very sympathetic and helpful. I had a good impression of this teacher from the...

Small Business Computer System Implementation

for a fast move as the company was able to cope. The desire to grow the catalogue sales has meant that Binder has put into place ...

Real World Cases and Accounting Knowledge Application

Squadron is a unit of the Bavarian police. IT has an annual budget of ?7 million a year which is used to support and maintain the ...

Post WorldCom and Enron International Accounting Standards

a result of ending some of the companys more obscure partnerships (Leonard, 2001). And, it was these partnerships that severely h...