Finance and Accounting Research Paper: Corporate Financial Scandals

Finance and Accounting Research Paper: Corporate Financial Scandals Research Paper example
College
Research Paper
Finance & Accounting
Pages 11 (2761 words)
Download 0
<p>Everything about Enron seemed larger than life. From its glittering Houston head quarter reaching to the sky to its spectacular downfall. But Enron’s collapse was more than just a shattering of one American success story. Enron was the climax of an avalanche of American companies that cost investors as much as 200 billion dollars by issuing deceptive financial reports…

Introduction

At a point Enron was one of the seventh largest corporations in The United States. Enron was a shining star on Wall Street, and from 1996 to the early 2000’s it was named America’s “Best Managed and Most Innovative Company” by Fortune Magazine. The scandal was revealed in October 2001 and lead to the bankruptcy of Enron Corporation; which sent...

You may also like:
Business Research Paper
English Research Paper
Marketing Research Paper

...
Download paper
Not exactly what you need?

Related papers

Advanced Financial Reporting - Prevalence of Creative Accounting
This report will be evaluating the reasons that give rise to creative accounting by organizations; the grounds for the nativity of this practice will also be discussed. The evaluation of the efforts made by existing standards and accounting practices in controlling and reducing aggressive accounting will be catered in the report. The levels of success achieved by regulatory bodies will also be…
The Information Asymmetry, Corporate Failures in Contemporary Issue in Accounting
The internal auditor plays a critical role in reducing agency costs by ensuring and assuring that financial reports prepared by the firm are consistent with regulations and standards as expected by the investors (Ahlawat & Lowe 2004, p. 147). There is often a business relationship between the client and the external audit. The firm contracts the auditor to audit and attest to the firm’s accuracy…
Corporate research paper "multinational finance"
Its fleets are the most fuel-efficient among all the US network carriers. It has ten most advantageous central locations in the four largest cities in the US (UAL, Factsheet 1). The overseas subsidiaries of UAL are United Express, Ted, Continental Express and Continental Connection carriers. United Express and Ted are premium and low-cost subsidiaries of UAL. With these two subsidiaries, UAL…
Corporate finance and Financial Accounting
However, it is the responsibility of the organization to formulate and implement appropriate strategies to deal with risks. For this case, the management of XYZ opted for acquisition of the company. XYZ sold itself to ABC International in exchange for $8.2 billion. After the acquisition, XYZ estimated that the worth of its shares would be placed at $100 per share. After the acquisition, ABC would…
Contemporary issues in accounting and finance
A recent FEE (Federation of European Accountants) publication states that “an individual’s objectivity must be beyond question when conducting and reporting on a statutory audit” (FEE). This paper will critically evaluate this statement with particular reference given to some fundamental financial/accounting/auditing concepts and external studies. Objectivity of statutory auditors There are…
Ethics in Accounting and Corporate Accounting Scandals
The suggested course of action by the companies is also recommended in order to prevent unethical practices that lead to corporate scandals and eventual bankruptcy of the organizations. Introduction The accounting practices are based on the Generally Accepted Accounting Principles. Apart from the rule base practices, the importance of principle based practices have emerged in the field of…