Here is the synopsis of our sample research paper on ENRON, WORLDCOM AND ACCOUNTING IRREGULARITIES. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 80-page paper goes into detailed discussion about the accounting problems that launched the bankruptcy of Enron Corp. and WorldCom, and the legislation passed to try to prevent the same thing from happening in the future. The paper also discusses overall accounting irregularities and how the system should be overhauled to prevent these in the future.
Page Count:
80 pages (~225 words per page)
File: D0_MTenwoac.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
somewhat different rules when it came to profits, losses, capital and so on. But when the millennium came, it was found that many of those "new economy" companies were simply
little more than pie in the sky -- dreams of good ideas, with the founders having cashed in on their millions from the initial public offerings, leaving confused investors holding
the bag as these "new economy" companies declared bankruptcy. During the year 2000, two "new economy" companies seemed to have survived the
fallout unscathed -- Enron, whose claim to fame was the trading, sales and transport of natural gas and other energies (in addition to other businesses, such as broadband communications) and
WorldCom, which was a gigantic telecom company offering voice and data transmission, long-distance services and Internet access lines. Amid the fallout of the "dot-bombs" as these companies became to be
known, WorldCom and Enron seemed to be emblematic of the right way to do business in the new economy. These companies had seemingly left the old ways of doing business
behind, and embraced new ways of making revenue. The revenue streams for these two companies seemed endless, and they were lauded on Wall Street and everywhere else for their smart,
savvy ways of getting things done. That is, until the fall of 2001. The nation, already shocked and stunned by the tragedy
of September 11, 2001, was no contending with another corporate tragedy as well. During August, 2001, an announcement of an SEC probe of Enrons accounting procedures caused panicked investors to
dump millions of once highly priced (some would say "overpriced") stock. Despite the best efforts of Enron executives, exhorting people (their own employees) to buy Enron stock, by late October,
...