Topic -ACCOUNTING AND ACCOUNTABILITY of THE FALL OF ENRONRequirement:1. How did the fall of...Topic...

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Accounting

Topic -ACCOUNTING AND ACCOUNTABILITY of THE FALL OF ENRON
Requirement:
1.      How did the fall ofthe Enron case affect the accounting and accountability ofcorporations in the US?
2.      Enron switches fromtraditional methods to more technological base methods, prove tobe “efficient” forthe organizations?
3.      Market to Marketaccounting method
4.      Special PurposeEntities (SPE) transforms the organizations success on the balancesheet

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1How did the fall of the Enron case affect the accounting and accountability of corporations in the US The story of Enron Corporation depicts a company that reached dramatic heights only to face a dizzying fall The fated companys collapse affected thousands of employees and shook Wall Street to its core At Enrons peak its shares were worth 9075 when the firm declared bankruptcy on December 2 2001 they were trading at 026 To this day many wonder how such a powerful business at the time one of the largest companies in the United States disintegrated almost overnight Also See Answer

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In: AccountingTopic -ACCOUNTING AND ACCOUNTABILITY of THE FALL OF ENRONRequirement:1. How did the fall of...Topic -ACCOUNTING AND ACCOUNTABILITY of THE FALL OF ENRONRequirement:1. How did the fall ofthe Enron case affect the accounting and accountability ofcorporations in the US?2. Enron switches fromtraditional methods to more technological base methods, prove tobe “efficient” forthe organizations?3. Market to Marketaccounting method 4. Special PurposeEntities (SPE) transforms the organizations success on the balancesheet