Accounting Essay W/ Enron Scandal

Accounting Accounting is a very important part of the demarcation line world today. It helps protect, defend, and keep businesses running. Accounting regulates businesses and runs sure anything balances out, so that things ar not unfair. The role of news report system in a business is to control activities and expenditures, improvement of operational plans, accountability, account on look outcomes, and the writing of bids for new funds. at that place are some jobs that the accounting system accomplishes. Accounting has to do with the profitability of a business. It relays critical operating information to managers who need to give out the information and top important decisions. Accountants are the middle men between workers and managers. They analyze the profitability and all of the transactions. They make reports on them. They give these to the managers. The managers make decisions based on the information presented to them. Accounting can a deal help protect the state-supported. When businesses cheat, accountants are suppose to pick this up. There are two basic types of accounting: financial accounting and managerial accounting. Accounting could have provided much help in cases where businesses become corrupt. One example of this is the Enron scandal.

Accounting plays a major role in every business, as evidence by the impact it had on a major multi-million corporation like Enron. Accounting plays a major role in every business. The Enron Corporation pulled a huge scam that will go down in history. Many people were affected in this scam. Accountants at the time made a huge mistake, which caused many people lots of money. Enron declared bankrupt in November 2004. They pressure the stock to plummet, making many people lose money. not surprisingly, public confidence in the integrity of the financial reporting process and auditors took a big hit (Walker). Many of the public stopped trusting the worthy accounting profession after they took such a big hit. The big mistake is blamed on the... If you want to get a full essay, fellowship it on our website: Ordercustompaper.com

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