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Free Enron Essays and Papers

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    The memories of the Frauds at Enron and WorldCom still haunt many investors. There have been many accounting scandals in the United States history. The Enron and the WorldCom accounting fraud affected thousands of people and it caused many changes in the rules and regulation of the corporate world. There are many similarities and differences between the two scandals and many rules and regulations have been created in order to prevent frauds like these. Enron Scandal occurred before WorldCom

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    Enron, once the darling of American businesses, was named “America’s Most Innovative Company” for six consecutive years by Fortune. This lofty image was, however, quickly tarnished and the company eventually filed for bankruptcy. Over the next few pages I will discuss who and how this Fortune 500 Company went from great to late. There are a few key players involved in this scandal that should be highlighted. First, is the founder Kenneth Lay. Lay was the chairman and Chief Executive Officer at Enron

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    management that can bring successful organization. This article based on the case study of Enron the Giant failure in 2001. Moreover, this article analyze about unethical leadership and management practiced in Enron Corporation. Enron Corporation the United States massive failure organization in 2001. The employees of Enron carried for an unethical practiced by top leaders of Enron Corporation. The Enron corporation used plenty of methods to show the profit to stakeholders when it was not included

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    Serna MGMT 3362- 90L Enron, Ethics, and Organizational Culture 04/15/2016  Introduction Enron Corporation was based in Houston, Texas and participated in the wholesale exchange of American energy and commodities (ex. electricity and natural gas). Enron found itself in the middle of a very public accounting fraud scandal in the early 2000s. The corruption of Enron’s CFO and top executives bring to question their ethics and ethical culture of the company. Additionally, examining Enron ethics, their organization

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    Enron Cultural Analysis Enron, which was the seventh largest company not so many years ago, was forced into bankruptcy in 2001 due to the collapse of their once successful organizational structure. Enron was seen and widely recognized as one of the most innovative companies of its time, and its downfall came as a great surprise to many. However, Enron’s consistent rise in profits did raise some eyes. In fact in that turned out that Enron had conducted millions dollars of accounting fraud. What set

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    with the word “cat” by the majority of individuals. This would also stand true with the former Enron Corporation and Arthur Andersen LLP due to the word “scandal” notably being associated with their names. This was not

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    The Enron scandal Question 1: What happened to Lay, Skilling and Fastow? Kenneth Lay created in 1985 after assimilation InterNorth and Houston Natural Gas . Later, he employed the likes of Jeffrey Skilling and Andrew Fastow, who were to be involved with him in committing gross accounting misconducts. Together with these men and many others, Lay hid huge sums of cash in debt from unsuccessful contracts and plans. This was possible through the use accounting loopholes, poor financial reporting and

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    Analysis of the Enron/Arthur Anderson Scandal

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    Enron and Arthur Anderson were both giants in their own industry. Enron, a Texas based company in the energy trading business, was expanding rapidly in both domestic and global markets. Arthur Anderson, LLC. (Anderson), based out of Chicago, was well established as one of the big five accounting firms. But the means by which they achieved this status became questionable and eventually contributed to their demise. Enron used what if often referred to as “creative” accounting methods, this resulted

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    The Scandal of Enron Corporation Enron Corporation was an American commodities, energy, and services company that was based out of Houston, Texas. This corporation was founded in 1985, resulting from the merger between InterNorth and Houston Natural Gas, these were both moderately small businesses in the United States. Before Enron’s bankruptcy on December 2, 2001, it had nearly 20,000 employees and was one of the global leaders in the communications, electricity, natural gas, and pulp and paper

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    How Enron was accounting fraud? At the time, under U.S. GAAP all majorities owned subsidiaries must be consolidated except when the subsidiary is in legal reorganization or bankruptcy or the subsidiary operates under severe foreign restrictions. Enron loophole to seize this one, from operating profits, losses and liabilities were transferred to some obscure related businesses。 1. Set up of SPE SPEs are commonly used by companies to isolate financial risk, hide debt. Under normal circumstances,

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