sat 2 Essay - 1660 Words

My Leadership Style Analysis WGU Leadership SAT2 Task 1 My Leadership Style Analysis A1. Leadership Style Evaluation There are many different leadership styles. After reading the assigned chapters for this task. I was able to identify my own leadership style as a result. In order to know my leadership style, I took a series of assessments in order to determine my personal leadership style. Assessments I took that helped me to determine my personal leadership style are: â€Å"the Emotional Expressive Scale, Personal Magnetism Deficit Inventory, Task Oriented Attitudinal and Behavior assessment, Clarifying your Work Values, What Style of Leader are you or would you be, What is your propensity of taking Risk, How†¦show more content†¦The Entrepreneurial leadership style tends to have higher achievement and is where the Participative leadership style tends to strive for consensus. The Entrepreneurial leadership style tends to be more creative and enthusiastic than the Participative leadership style. The Participative leadership style tends to negotiate demands of employees, and the Entrepreneurial leadership style responds immediately if a crisis presents. A3. Leadership Style Discussions Understanding different Leadership Styles can help me to become an effective leader by helping me to identify deficient areas in my personal leadership style. Being able to identify personal leadership deficiency will give me the opportunity of being aware. Being aware of deficiency in my leadership style will help me to gain new skills that will help me to improve and perfect deficient areas in my leadership style. This newfound awareness will allow me the opportunity to obtain knowledge, skills and abilities needed in order for me to become an effective leader. Another reason understanding different leadership styles can help me to become an effective leader is that it will give me the opportunity to think outside the box. This skill will help me to be more creative in my leadership style, and as a result, I will gain and implement new leadership skills to my personal leadership style. This new skillShow MoreRelatedSat 2 Wgu2988 Words   |  12 PagesRunning Head: LEADERSHIP - TASK 1 1 SAT2- Leadership Task 1 Lauren Hutcheson ID#: 282778 April 14, 2014 MBA – Healthcare Western Governors University Running Head: LEADERSHIP - TASK 1 2 A1. Leadership Style Upon conducting research, it is clear that the definition of â€Å"leadership† is not agreed upon. It is fluid, based upon many perceptions, situations, and surroundings. According to Robinson (2010), adopting a specific style of leadership is rather futile as it is, â€Å"contingent onRead MoreEssay on Sat Task 23072 Words   |  13 PagesA. Root Cause Analysis A root cause analysis (RCA) is a â€Å"systematic approach to understanding the causes of an adverse event and identifying system flaws that can be corrected to prevent the error from happening again† (Huber Ogrinc, 2010). The root cause analysis is used to determine why the problem occurred in the first place and to identify the cause of a problem using a specific set of steps (Mind Tools, n.d.). The RCA team which consists of interprofessionals who are knowledgeable of theRead MoreThe Debate On The Sat901 Words   |  4 PagesThe SAT: The Privileged and Their Ability to Pay for Points or an Exam that simply rewards Studious Habits: Dissecting the Nature of the SAT Exam In this paper, I will evaluate both sides of the SAT debate, later I will make my opinion known on the matter; a debate that is rather contentious, controversial, and essential to even discuss openly with one another as it pertains to education and our overall human capital. The first argument in the debate, I will dub these arguments one and two respectivelyRead More The Fairness Of Academic Evaluation Essay1218 Words   |  5 Pagestheir education systems really were. Due to the decline in test scores in American schools, education standards became much stricter and new intelligence exams were introduced. Presently, standardized testing, such as the Scholastic Aptitude Test (SAT) and the American College Testing Program (ACT), is a mandatory and important part of the college acceptance process. Although these exams test students on the same topics, genders have proven to be stronger in some fields and weaker in others. MenRead MoreShould School Be Free Of School Responsibilities?1742 Words   |  7 Pagesacross the U.S. millions of kids are preparing to take the SATs. They are looking into SAT prep classes, SAT tutors, and SAT prep groups, all to get ready to take the SATs for the next school year. The reason why so many kids are looking into dishing out hundreds or even thousands of dollars on SAT prep is because of the weight that SATs hold on college admissions. Colleges, guidance counselors, and even teachers stress the importance of the SAT on the chance of the student getting into the college ofRead MoreA Student Should Get A Good Scholarship Or College Enrollment1110 Words   |  5 Pagesdo poorly on the SAT and/or ACT. Tests should not be the determining factor in if someone should continue their education or if they are not â€Å"qualified† enough to contract more knowledge. Knowledge and education should be free, but it is far from that. Evidence of this very truth can be found in the research paper, Shadow Education, American Style: Test Preparation, the SAT and College Enrollment. This study proves that across the United States, national exams such as the SAT and ACT â€Å"tends toRead MoreThe Pros And Cons Of Standardized Testing704 Words   |  3 Pagestesting faster and more accurate. This is the whole reason that No. 2 pencils must be used when taking a standardized test because the darker lead is easier for the machine to detect what the bubble says. More educational tests were then formed from the same structure which are now known as the SATs and the ACTs. Every high school student knows the acronyms SAT (Scholastic Aptitude Test) and ACT (American College Testing). The SATs were first formed in 1926 by the College Board, a group of universitiesRead More Standardized Testing: The SAT and the ACT Essay1275 Words   |  6 Pagesimportant role in the college admission decisions. The role of admission exams is always changing and evolving with time. The most prominent exams used are the SAT and the ACT. Their purpose is for gauging student knowledge for placement and possible success rate. Each test is comprised of numerous educational factors to gauge knowledge. The SAT and the ACT derived from other test forms to become what they are today. In addition to being an entrance exam, the grades obtained from these exams are usedRead MoreGraduation Speech For College Admissions Officers970 Words   |  4 Pagesassigned to a career based off of their score. Wouldn’t that be horrible? The world would be filled with people who hate thei r jobs. This is just a quick example of how a single test doesn’t define our future or who we are. Standardized tests like the SAT and ACT are extremely useful for college admissions officers but the tests are way too emphasized in the college process; this is why the exam makers should improve the exams so that the emphasis put on these exams matches the results it gives backRead MoreGraduation Speech : Making A Better For Best Well On An Advanced Placement Test Or Ap Test?1089 Words   |  5 Pagesyou are not very strong at (where you have very bad grades). -Two, study hard by applying the recommendations on trick#6 which is to sacrifice your little sins (if you didn’t do so all year long but you’re trying to be effective in the short term) for 2 weeks, 1 week or a few days. -Three, make sure you take more than one AP test. Just to complete point number one, where you have to list all the classes you failed (or are about to fail). This test is one in many others that will give you the kind of

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Marketing Communications Campaign of Nike Football Shoes...

Nike is first created by Phil Knight and Bill Bowerman in 1964, to provide athletes with better shoes. The first year sales of their company totaled around $8,000, and now it is already one of the biggest sport companies in the world. Nike is called the legend of marketing communications. In the next part, I will analyze the marketing communications campaign of Nike football shoes, and explore how Nike put the marketing communication process model into practice. 1. Align with marketing objectives The first football shoes are produced in 1950s by Adidas. In 1970s, many companies like PUMA, Umbro, Lotto, Diadora, Reebok, Asics, Mizuno start to enter this market and made a good profits. Nike, as the last one who enters into this market in†¦show more content†¦The football fans download their advertisement from the internet and talk with their friends. Each of Nike’s football advertisement is shared over 100000 times on YouTube, and those people who do not even like football watch it as well. The superstar strategy make Nike’s promotion gets nearly ten times effect as they expects. Furthermore, they put their advertisement on the side of big football games so that people can see it on many media who broadcast this game. 3. Set promotional objectives After getting a big market share in football shoes industry, Nike put the weight of their promotional objectives on remind. The superstar strategy and high frequency of showing on mass media make their brand more familiar with audience. The superstars wear different football shoes so that the audience can see their new products; the shoes on superstar’s foot not only introduce their new products to the audience, but also attract them to buy the same shoes of their idol. 4. Set promotional budget As I just mentioned, Nike spend a big amount of money on sponsor the football club, and football stars. As a big international sports company, Nike has the strength on economics and can afford the big cost of promotion budget. To compete with its competitors like Adidas and Puma, Nike Company uses competitive disparity as the method to set the promotional budget. They set their budget by differentiate with other companies. That method also gives them the advantage of being advancedShow MoreRelatedThe Analysis of Marketing Communications Campaign with the Case of Nike Football Shoes2352 Words   |  10 PagesIntroduction Marketing mix is an essential tool for companies to target their customers, price and promote their product and locate their places. By analysing the 4P’s, companies can make the plans and achieve their goals. Marketing communications, as the promotion factor in marketing mix plays a key role in developing marketing strategies. To getting more customers and compete with their rivals, companies spend a lot of money on promotion. The promotion activities like advertising, sales and discountsRead MoreNike and the World Cup 20101320 Words   |  6 PagesSalma Dahbi MKT 5305 December 2nd, 2015 Nike Football: World Cup 2010 South Africa Nike is considered one of the most successful companies worldwide. It is well known for being the greatest producer and provider of sport gear, shoes, equipment, and different services. As most countries are now taking part in all different kinds of sport disciplines, we can undoubtedly say that in nowadays’ business world, the sport industry is deemed as one that is worth billion of dollars. Besides, it isRead MoreEssay on Nike Marketing Plan1729 Words   |  7 PagesAustin Wang Dr. Sean Jasso Section 22 May 24, 2012 Marketing Plan Stage 2 Nike: Executive Summary: - Bill Bowerman and Phillip Knight found the company as Blue Ribbon Sports in 1964 - Changed the name to Nike in 1978 - Nike Headquarter is located in Beaverton Oregon - Global marketer of footwear, apparel, equipment and accessory products - Offers footwear and products to sports such as tennis,golf, baseball, football, bicycling, volleyball, wrestling, cheerleading, aquatic activitiesRead MoreNike s Marketing Practises With Puma1092 Words   |  5 PagesThis essay begins by discussing the competition between Nike and one of its rivals. This essay will focus on Puma as they are Nike’s rival. Moreover, it will analyse and discuss Nike’s marketing practises with Puma; these two companies will be compared and will be supported by examples and references that will be shown throughout the essay. To begin with, Nike is the world’s largest sports brand while Puma is currently the third largest sports company after Adidas in the sports industry. (HeydtRead MoreStrategic Analysis Nike1619 Words   |  7 PagesMANAGEMENT ASSIGNMENT NIKE: Strategic Analysis SUBMITTED TO: AMIT SINHA SUBMITTED BY: Varun Bhatia 191181 FMG 19C Nike’s Global Business Strategy When first founded in 1962 under the name of Blue Ribbon Sports, the strategy was â€Å"to distribute low-cost, high-quality Japanese athletic shoes to American consumers in an attempt to break Germany’s domination of the domestic industry.† Today Nike offers athletic shoes at every marketable price point to a global market. Nike sustains its leadingRead MoreNike Shifts with Its Environment700 Words   |  3 PagesCase Analysis – Nike Shifts With Its Environment 1. From what you can tell by reading the case, in addition to other information you know about Nike, how has each element of the company’s microenvironment contributed to its development of the new stores and their innovative features? ÃŽ » Nike+: With Nike+, runners can measure their exercise time, pace, energy consumption, etc. Meanwhile, these data can be uploaded to a dedicated community of runners named nikeplus.com. Thus, runners can get professionalRead MoreAdidas vs Nike Marketing Battle2963 Words   |  12 Pagesanalysis of Marketing Communications strategies and Mix for athletic shoe brands in the UK: Adidas Vs Nike. Table of contents 1.0 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦p.3 2.0 Market and Literature Review 3.1 Nike Inc†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..p.3 3.2 Business Segments†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.p.3 3.3 Marketing mix: Nike†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..p.3 3.4 Adidas†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦p.3 3.5 Marketing mix: Adidas†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreNike Intergrated Marketing Communication Plan3554 Words   |  15 PagesIntegrated Marketing Communication Plan Nike Running Shoes I. Background Nike Incorporated, the leading innovator in athletic apparel and accessories, traces its roots to the University of Oregon track and field team of the early 1950’s. The team’s coach was determined to give his athletes a competitive advantage by always finding the newest and most efficient gear, and began designing and producing sneakers with very limited resources. After twenty-one years of creative turmoil and a superficialRead MoreNike Website Analysis2144 Words   |  9 Pagesï » ¿Nike Website Analysis Nike and its products Nike is a US based Multinational Corporation popular for designing, developing and global marketing and selling of accessories, apparels, equipment and apparel. The corporation has its main headquarters located in Beaverton, Oregon in Portland. It is the leading manufacturer of equipment of sports and supply of athletic shoes. Their revenues total up to about US$24. 1 billion in the financial year 2012. During this time, the company employed more thanRead MoreAssignment on Brand Building Nike Marketing2672 Words   |  11 PagesBrand Building Nike Marketing Essay History Nike is a major publicly traded sportswear and equipment supplier based in the United States. It is the worlds leading supplier of athletic shoes and apparel and a major manufacturer of sports equipment with revenue in excess of $18.6 billion USD in its fiscal year 2008. It employed more than 30,000 people worldwide. The company was founded in January 1964 as Blue Ribbon Sports by Bill Bowerman and Philip Knight, and officially became Nike, Inc. in 1978

Enron, once the seventh largest company in America Essay Example For Students

Enron, once the seventh largest company in America Essay Once the 7th largest company in America, Enron was formed in 1985 when Inter North acquired Houston Natural Gas. The company branched into many non-energy-related Fieldss over the following several old ages, including such countries as cyberspace bandwidth, hazard direction, and weather derived functions ) , although their nucleus concern remained in the transmittal and distribution of power. Enron had created over 3000 particular purpose entities in between 1993 to 2001. Particular Purpose Entities ( SPEs ) are defined as entities formed for some specific intent or activity. The primary intent of making an SPE is to take assets and liabilities from the balance sheet of the patron thereby unnaturally bettering purchase, return on plus and return on equity ratios. These SPEs were besides established to maintain Enron s recognition evaluation high, which was really of import in their Fieldss of concern. Because the executives believed Enron s long-run stock values would stay high, they looked for ways to utilize the company s stock to fudge its investings in these other entities. Enron had been purchasing any new venture that looked promising as a new net income centre. Their acquisitions were turning exponentially. Enron had besides been organizing off balance sheet entities to travel debt off of the balance sheet and transportation hazard for their other concern ventures. Enron involved in partnership concern trade with its assorted SPEs. The trades with CALPERS, ZEDI, RAPTER, CONDERS were those trades and the accounting intervention of those minutess, were responsible for inevitable death of the Enron Company. Outline1 Deals with Bird of preies2 Deals with Condor3 Accounting intervention of the Enron s trades with Raptor and Condor4 Mark-to-market accounting scheme:5 Capital stock dealing6 Gross acknowledgment7 Acknowledging additions in the value of Enron s common stocks8 Accounting revelation Deals with Bird of preies Enron had created a partnership taking to purchase and sell stocks of other companies. Enron lent the partnership $ 500 million in Enron stock to run Raptor and besides guaranteed the burden by assuring to give more stock if Raptor was unable to refund the loan. Raptor issued a note to Enron that Enron considered assets. Raptor so bought stock in companies like Avici, a shaper of high-velocity net-working equipment, and the New Power Company. Enron treated the loan to Raptor as an assets and claimed net income on the lifting value of Raptor s retentions. The dealing worked until the stocks of the companies owned by Raptors fall down. Bird of preies could non pay the loan. Enron was obliged to cover the Raptor s loan as it guaranteed for that, it had to publish more and more portions although its ain stocks were worsening. Deals with Condor Condor is another SPEs. The executives of Enron created another partnership called condor to sale and purchase the assets in the best possible monetary value. Condor was established to purchase assets from Enron. Enron had lent the partnership portions to Condor of Enron s stock. Accounting intervention of the Enron s trades with Raptor and Condor Bird of preies were non controlled by an independent party which possessed the significant hazards and wagess of ownership, so these entities were portion of Enron and should hold consolidated into Enron s ain fiscal statement. But Enron recorded all the addition or losingss including all the hedge minutess of its SPEs entities and did non consolidate it into its fiscal statements. Enron executives structured the trades so that losingss would non demo up as net incomes, but alternatively as decreases of stockholder equity that had no consequence on the income and net incomes statements. .u3807f3da585b419240df1e5ed583275a , .u3807f3da585b419240df1e5ed583275a .postImageUrl , .u3807f3da585b419240df1e5ed583275a .centered-text-area { min-height: 80px; position: relative; } .u3807f3da585b419240df1e5ed583275a , .u3807f3da585b419240df1e5ed583275a:hover , .u3807f3da585b419240df1e5ed583275a:visited , .u3807f3da585b419240df1e5ed583275a:active { border:0!important; } .u3807f3da585b419240df1e5ed583275a .clearfix:after { content: ""; display: table; clear: both; } .u3807f3da585b419240df1e5ed583275a { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u3807f3da585b419240df1e5ed583275a:active , .u3807f3da585b419240df1e5ed583275a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u3807f3da585b419240df1e5ed583275a .centered-text-area { width: 100%; position: relative ; } .u3807f3da585b419240df1e5ed583275a .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u3807f3da585b419240df1e5ed583275a .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u3807f3da585b419240df1e5ed583275a .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u3807f3da585b419240df1e5ed583275a:hover .ctaButton { background-color: #34495E!important; } .u3807f3da585b419240df1e5ed583275a .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u3807f3da585b419240df1e5ed583275a .u3807f3da585b419240df1e5ed583275a-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u3807f3da585b419240df1e5ed583275a:after { content: ""; display: block; clear: both; } READ: Cell death EssayEnron recognised $ 800 million in hard currency flow from condor. In fact Enron should alternatively hold been accounted for as an issue of stock, But Enron counted it as hard currency flow. 2. A company may enter additions and losingss on minutess with the SPE ; nevertheless the assets and liabilities of the SPE are non included in the company s balance sheet. Enron executives structured the trades so that losingss would non demo up as earning s losingss, but alternatively as decreases of stockholder equity that had no consequence on the income and net incomes statements. There are several constructions used by Enron for its accounting patterns. One of them was to utilize SPEs to sell A?financial assetsA? ( a debt or equity owned by Enron ) at the terminal of a fiscal accounting period in order to better their fiscal ratios and standing. The secret contracts between Enron and the SPEs gave Enron the right to purchase portions of the SPEs. This ensured Enron control of the SPEs. Mark-to-market accounting scheme: Enron had implemented the Mark-to-market accounting scheme. It is the accounting scheme that, the monetary value or value of a security is recorded on a day-to-day footing to cipher net incomes and losingss. Enron counted the projected net incomes from long-run energy contracts as current income, but it non did non reflect the true economic value. All the income was estimated as the present value of net hereafter hard currency flows. Mark to market scheme counted the future income as current income that increased the fiscal net incomes nevertheless in future old ages ; the net incomes could non be included. To maintain the concern growing and the investor s Trust over the concern, company should include extra income from its new undertaking at any manner. So Enron did it through its SPEs. Capital stock dealing The dealing of issue of portion by company should non normally be recorded an increased to stock holders equity until hard currency payment for the portion is received. Enron issued portion to its SPEs in exchange for notes receivable. That accounting intervention merely overstated the notes receivable and portion holder s equity. Enron used its ain common stock to capitalize SPEs. Gross acknowledgment Enron recognised largely from long term contracts where the value of the contract was determined based on subjective grade to market ( MTM ) scheme. It did non calculate the just value of a fiscal instrument when there was no active market for it. Furthermore Enron recognised gross originating from an addition in the value of its ain portion utilizing the equity method of accounting. Acknowledging additions in the value of Enron s common stocks Enron had had partnership with its SPEs. Enron had given partnership portions to those SPEs. One of them ZEDI held 12 million portion of Enron stock, which was carried at just market value. Increased in the menu value of those portion monetary values, Enron recorded it as income utilizing equity method. But Enron did non recorded losingss while ZEDI portions declined. That means Enron was recognizing the increasing value of its ain portions as gross but losingss were non. Accounting revelation The accounting and the fiscal revelation that Enron had made was non equal. Particularly contracts that made with its SPEs, there was no systematic Procedure that could specify about dealing made with related parties. Enron entered into a series of affecting a 3rd party LJM in June 1999, but the e consequence of the dealing was non clearly disclosed to its investors, employees and other stakeholders. 3. On the electronic mail of Watkins to Lay, she commented that the footer made on the dealing was non equal and gave proper information to its related parties. Particularly the dealing made with SPEs ( Raptor, ZEDI ) , it was non appropriate and transparent. The footers did non explicate decently about what dealing made with those SPEs, what the consequence behind the minutess and so many other accounting and funding footings. If those footings are decently explained so, investors would cognize that the entities that Enron keeping are thinly capitalised. Furthermore they would cognize all the value in the SPEs come from the underlying value of the derived functions and Enron stock. .u2438156e1a78405a840e5fbc8b5a0620 , .u2438156e1a78405a840e5fbc8b5a0620 .postImageUrl , .u2438156e1a78405a840e5fbc8b5a0620 .centered-text-area { min-height: 80px; position: relative; } .u2438156e1a78405a840e5fbc8b5a0620 , .u2438156e1a78405a840e5fbc8b5a0620:hover , .u2438156e1a78405a840e5fbc8b5a0620:visited , .u2438156e1a78405a840e5fbc8b5a0620:active { border:0!important; } .u2438156e1a78405a840e5fbc8b5a0620 .clearfix:after { content: ""; display: table; clear: both; } .u2438156e1a78405a840e5fbc8b5a0620 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u2438156e1a78405a840e5fbc8b5a0620:active , .u2438156e1a78405a840e5fbc8b5a0620:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u2438156e1a78405a840e5fbc8b5a0620 .centered-text-area { width: 100%; position: relative ; } .u2438156e1a78405a840e5fbc8b5a0620 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u2438156e1a78405a840e5fbc8b5a0620 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u2438156e1a78405a840e5fbc8b5a0620 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u2438156e1a78405a840e5fbc8b5a0620:hover .ctaButton { background-color: #34495E!important; } .u2438156e1a78405a840e5fbc8b5a0620 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u2438156e1a78405a840e5fbc8b5a0620 .u2438156e1a78405a840e5fbc8b5a0620-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u2438156e1a78405a840e5fbc8b5a0620:after { content: ""; display: block; clear: both; } READ: Social Realism EssayBut the footers revelations of above minutess at amalgamate statements were obscure and hard to understand. The Enron fiscal statement revelation did non state everything about the dealing that was made with its SPEs. The substance of the minutess that Enron entered into was hard to separate from the footers to the fiscal statements, and since merely the signifier of the minutess was reflected on the face of the fiscal statements, it was hard for investors and creditors to obtain a clear position of the fiscal place and consequences of operations of Enron. 4. Arthur Anderson A ; Co ( AA ) was non merely the hearer of Enron ; it provided confer withing services every bit good. Enron was paying 1000000s of dollars to Anderson for the services and due to these relationships that, it was merely excessively easy for both Enron and the accounting house to work together in covering up fiscal losingss and debt. Andersen was besides responsible for some of Enron s internal clerking. Andersen has duty to the investors and to the public involvement under by and large accepted auditing criterions ( GASS ) . Hearers are to stay independent in both fact and visual aspect but Andersen was affecting in Enron concern really actively confer withing and scrutinizing, so cipher could anticipate that they could put to death their responsibilities independently as Enron was supplying immense gross non merely in audit fee but besides in confer withing fees. By and large accepted accounting Principles ( GAAP ) and GAAS could non forestall the fraud if the heare rs themselves involved in irregularity to perpetrate the fraud.