Analysis and Reaction regarding the Enron Case

I.         Introduction

Enron Corp. was one of the worlds largest energy, commodities and services companies before its Chapter 11 bankruptcy filing, it marketed electrical energy and natural gas, delivered energy and other physical commodities, and provided financial and hazard management services to customers worldwide. Based in Houston, Texas, Enron was formed in July 1985 by the merger of Houston Natural Gas and InterNorth of Omaha. Kenneth Lay became Enrons chief executive officer in February 1986. In 1989, Enron began trading natural gas commodities. The association eventually became the largest merchant in North America. Enron had 21 green employees, operated a 25 thousand-mile gas pipeline system. It was listed as the seventh-largest party in the U.S, with a revenue of nearly 101 one thousand million of dollars. Its bankruptcy occurred on December 2, where Enron had listed 24.7 billion dollars in assets.

Enron owned power plants, water companies, gas distributors and other units involved in the delivery of services to consumers and businesses. The Fall of Enron is about money, power, secrecy and a world of people with the highest connections from the Wall Street Journal to the egg white House. It is also about the people not doing the right things, to enjoin it at its gentlest, and about others losing their life savings.

Enrons Accounting Issues - What Can We register to Prevent Future Enrons is a prepared testimony by Bala G. Dharan, a CPA and a PhD professor of management in Rice Univeristy. This article was presented to the US House Committee on energy and Commerce and its aim is to give into the minds of the listeners and readers an objective mountain of what really went wrong in Enron specifically in its explanation anomaly. It discusses terms and events and what could have been done to avoid what happened. It explicitly shows what...

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