The Accounting Experience
On this episode, I talk about the rise and fall of Enron, how it happened and a deep dive into the accounting scandal and will be going through Journal of Accountancy article issued at 2002 by C. William Thomas. Enron background Information from Wikipedia. Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded in 1985 as a merger between Houston Natural Gas and InterNorth, both relatively small regional companies. Before its bankruptcy on December 3, 2001, Enron employed approximately 29,000 staff and was a major electricity, natural gas, communications and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years. Reference; The Rise and Fall of Enron When a company looks too good to be true, it usually is. BY C. WILLIAM THOMAS https://www.journalofaccountancy.com/issues/2002/apr/theriseandfallofenron.html Rank And Fire By John Greenwald http://content.time.com/time/business/article/0,8599,129988,00.html Timelapse https://edition.cnn.com/2013/07/02/us/enron-fast-facts/index.html
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