代写范文

留学资讯

写作技巧

论文代写专题

服务承诺

资金托管
原创保证
实力保障
24小时客服
使命必达

51Due提供Essay,Paper,Report,Assignment等学科作业的代写与辅导,同时涵盖Personal Statement,转学申请等留学文书代写。

51Due将让你达成学业目标
51Due将让你达成学业目标
51Due将让你达成学业目标
51Due将让你达成学业目标

私人订制你的未来职场 世界名企,高端行业岗位等 在新的起点上实现更高水平的发展

积累工作经验
多元化文化交流
专业实操技能
建立人际资源圈

“The smartest guys in the room”

2020-07-13 来源: 51Due教员组 类别: Essay范文

网课代修,网课代写,作业代写,北美代写,代写

下面51due教员组为大家整理一篇优秀的代写范文“The smartest guys in the room” ,供大家参考学习。这篇文章讲述的是“房间里最聪明的人”是一部著名电影,讲述了安然的丑闻。安然公司(Enron)由肯尼斯·莱(Kenneth Lay)于1985年成立,曾经是一家跨国大公司。但是,首席执行官Jeffrey Skilling和首席财务官Andrew Fastow利用会计漏洞掩盖了数十亿美元的债务并创造了虚构的利润。由于收益膨胀,股价上涨。在这种情况下,管理层可以从股票市场中受益。他们认为自己比其他任何人都聪明。

 

“The smartest guys in the room” 

 

“The smartest guys in the room” is a famous movie which talks about the scandal of Enron. Enron was formed by Kenneth Lay in 1985 and used to be a multinational large company. However, the chief executive officer Jeffrey Skilling and the chief financial officer Andrew Fastow used the accounting loopholes to hide billions of dollars in debt and create fictitious profits. The stock prices increased due to the inflated earnings. In this situation, the management could benefit from the stock market. They thought they were smarter than anyone else.

When the invested projects performed terribly, Enron lost billions of dollars. However, Enron still paid multi-million dollar bonus to executive based on the imaginary profits that never arrived. The accountant used Market-to-market accounting principle and recognized billions in earnings with the future projections. However, Enron did not make any profit actually. The accountant Andrew Fastow should not create hundreds of special companies to stash debt and recognize fictitious profits to keep the stock price up. As the accountant, Fastow should be honest and disclose the terrible financial fact that Enron had thirty billions dollars in debt and protect the basic interest of the stakeholders.

During that time, almost all the Wall Street analysts blinded to the company’s deceit and published the overvalued stock analysis according to the thought of the Enron executives. This kind of analysis promoted to the rise in stock price. However, as the independent analysts, they should not just believe anything Enron told them. The valuable analysis should be based on the comprehensive survey and the overall information they received.

As to the employees in Enron, they admired the Jeffrey Skilling and believed that all kinds of ways to make profit were the best ways. They did not pay much attention to the lawful business operations. The employees should comply with the internal control and expose the financial scandal as soon as they found it.

The advisors, such as the accounting firm Arthur Anderson, the investment bank and the lawyer firm, received rich reward from Enron. These financial institutions even designed the projects and profited from Enron as long as it continued. They should keep independent and should not engage in the deceptive transactions.

 

51due留学教育原创版权郑重声明:原创优秀代写范文源自编辑创作,未经官方许可,网站谢绝转载。对于侵权行为,未经同意的情况下,51Due有权追究法律责任。主要业务有essay代写、assignment代写、paper代写、作业代写服务。    51due为留学生提供最好的作业代写服务,亲们可以进入主页了解和获取更多代写范文提供作业代写服务,详情可以咨询我们的客服QQ800020041 

上一篇:Comment on "Watch in the Deser 下一篇:Korean K-POP