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Essay / Research Paper Abstract
This 15-page paper provides an overview of Enron and fraudulent accounting practices. Bibliography lists 7 sources.
Page Count:
15 pages (~225 words per page)
File: AS43_MTenroarth.doc
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listed below. Citation styles constantly change, and these examples may not contain the most recent updates. ENRON, FRAUD AND CONSEQUENCES Research Compiled for
, Inc. by 10/2010 Please Introduction
Mention the word "Enron" and what is likely to come to mind is "accounting scandal." Though the period between 2000-2002 brought its share of companies abusing accounting standards (such as
Adelphia, Tyco and WorldCom), its Enron that seems to have been the poster child for accounting abuses and what happens when companies incorporate them.
There are several reasons why Enron seems to be the poster child for this type of scenario, one of which is that Enron was born during the later
part of the 1980s recession, sparked the bulk of its growth during the bull market of the 1990s and seemed to be using the new Internet technology to further its
businesses and aims. As such, Enron became a poster child of the so-called "new economic model," one that stated that it was possible to make scads and scads of money
while flouting the rules and accounting standards that other companies followed. We know now, of course, that the lack of disclosure was due to horrible amounts of debt. But to
those who fell in love with the stock and the company during the late 1990s, the company could do no wrong. Even the opaqueness of its accounting structure was something
to be laughed at and winked away. But as Enron showed everyone, a company that refuses to be transparent in its financial dealings
...