Enron: Questionable Accounting Practices, management homework help

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ygvtre34

Business Finance

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Case summary Enron: Questionable Accounting Practices Bring New Regulation to the United States. 1. In a narrative format discuss the key facts and critical issues presented in the case. 2. Why do you think companies such as Enron use complex accounting schemes and loopholes in regulation to seemingly boost the company's revenue? 3. Do you think that Sarbanes-Oxley Act of 2002 was the right reaction to the accounting scandals associated with Enron and Worldcom and in light of 2008-2009 accounting scandals; has it been effective in preventing accounting misconduct? 4. If you were the CEO of a Fortune 500 company, how would you ensure that your accounting system is in compliance with regulations and best practices within the industry? 750 words with in-text citations and references APA. No abstract or conclusion.

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Explanation & Answer

Attached.

Running head: ACCOUNTING PRACTISES

1

Accounting Practices
Institution Affiliation
Date

ACCOUNTING PRACTISES
Key Facts of the Case
There are several factors discussed in this case study and which relate to accounting
practices for organizations. In order for an organization to succeed, it must employ good
accounting practices for various reasons such as accountability, compliance, and profit or loss
calculations (Ferrell, et AL., 2009). The most critical issue in this case study, however, is the
prevalence of unethical financial and accounting practices in organizations. This is a major
concern as it is mostly related to reasons why organizations fail. The rise in the number of
unethical accounting practices has been greatly highlighted in this case study. The impacts of
unethical accounting practices have also been discussed widely in this cases study. The fall of
organizations, as well as the sanctioning of organizational leaders, has been highlighted in this
case study as well.
The ways in which organizations engage in unscrupulous accounting practices has been
discussed in this case. The laws that are aimed at ensuring that organizations comply...


Anonymous
Really useful study material!

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