In discharging this trust, I pledge myself never to undertake work or approve work which I feel to be beyond the limits of my knowledge nor shall I allow any non-certified superior to persuade me to approve aircraft or equipment as airworthy against my better judgment, nor shall I permit my judgment to be influenced by money or other personal gain, nor shall I pass as airworthy aircraft or equipment about which I am in doubt either as a result of direct inspection or uncertainty regarding the ability of others who have worked on it to accomplish their work satisfactorily. ...

• Word Count: 2385
• Approx Pages: 10
• Has Bibliography
• Grade Level: Undergraduate

Special purpose entries (SPE's) the money borrowed from banks did not show up on Enron's books because of the partnership status as separate entities. Enron's management transferred assets (and any related debt) to the special purpose entities at an appraised value above the net cost of the assets, recording a gain on the transfer. Such transactions would have an effect on increasing Enron's net assets the transaction involves no cash receipts the only way it increases cash flow is by Moving debt off the balance sheet and increasing equity, thus improving the company's...

• Word Count: 1893
• Approx Pages: 8
• Grade Level: Undergraduate