About Case Analysis
About Case Analysis
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Even so, its downfall in 2001 exposed popular accounting fraud and led to your bankruptcy of the business, leaving A huge number of employees jobless and wiping out billions of dollars in shareholder worth.
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Mark-to-current market accounting permitted the company to write unrealized long run gains from some investing contracts into existing money statements, So offering the illusion of higher present-day earnings.
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The severity of the problem began to become clear in mid-2001 as quite a few analysts began to dig into the main points of Enron’s publicly produced financial statements.