1. Enron:Lapses in Ethical Decision Making
... 1996 to 2000 sales grew an astonishing 57%. If they would have into the year 2002 they would have officially become second-largest corporation in the world, in terms of sales. "Enron's reported revenue was based on its exploitation of a loophole in accounting rules that allowed it to book revenue from huge energy-derivative contracts at their gross value, not their net ... value as is done with other securities transactions." (Forbes, 1/15/02) Basically instead of reporting the spread difference (between ... Global Crossing has been accused of manipulating its accounting books to claim...
- Word Count: 2824
- Approx Pages: 11
- Grade Level: High School