CORPORATE AFTERSHOCK 2 PHẦN 4 potx

... guidance in ARB 41 , FAS 94, EITF Issue 90-15, Topic D- 14, and the SEC staff letter should be applied to SPEs that are not considered QSPEs. FASB Interpretation No. 46 (FIN 46 ) In January 20 03, FASB ... of the underlying transactions. In October 20 02, FASB issued a proposal for principles-based ac- counting standards for the United States (FASB, 20 02) . FASB concluded its proposal...

Ngày tải lên: 07/08/2014, 02:20

... 20 01. 4 And the ex- plosive growth in this market appears to have only begun. By 20 04, the British Bankers Association (BBA) predicts that the global credit deriva- tives market will reach $4. 8 ... without loss. 22 Six separate issuances of CLNs are the subject of the Hudson Soft liti- gation, 23 but the basic structure of various transactions appears to have been much the same....

Ngày tải lên: 07/08/2014, 02:20

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Ngày tải lên: 11/07/2014, 20:20

... city="Chicago" state="IL" population=" ;28 42 5 18" /> <mx:Object city="Philadelphia" state="PA" population=" 146 328 1" /> </mx:Array> </mx:ArrayCollection> </mx:DataGrid> Using ... city="Chicago" state="IL" population=" ;28 42 5 18" /> <mx:Object city="Philadelph...

Ngày tải lên: 06/08/2014, 08:22

... plant project, which may have cost Enron as much as $4 bil- lion, Mark resigned as CEO in the summer of 20 00. Enron eventually sold Wessex in 20 02, just about three years after financing its acquisition ... asymmetric information is hardly riskless. On the contrary, it can be very risky. This 12 CORPORATE INNOVATION AND GOVERNANCE February 20 01. That Skilling would rise to this lev...

Ngày tải lên: 07/08/2014, 02:20

... failure Table 2. 2 Enron’s EBITDA versus Free Cash Flows (in Millions) 1997 1998 1999 20 00 EBITDA 615 2, 205 1,6 72 2,808 Free cash flow (5,717) 1,986 (1,108) (5 ,25 6) CORPORATE ACCOUNTING AFTER ENRON 29 After ... economic rationale for basis or spread trading can be found in Johnson (1960) and Working (1 948 , 1 949 , 19 62) . 22 CORPORATE INNOVATION AND GOVERNANCE about some ba...

Ngày tải lên: 07/08/2014, 02:20

... 4, 045 5,338 7 ,23 2 Total revenues 31 ,26 0 40 ,1 12 100,789 Less: noncash revenues (see footnotes) (1,9 84) (2, 533) (4, 7 94) Cash revenues 29 ,27 6 37,579 95,995 Cash cost of sales 26 ,381 34, 761 94, 517 Cash ... margin (deficit) 2, 895 2, 818 1 ,47 8 Operating expenses 2, 47 3 3, 045 3,1 84 Cash operating income (loss) 42 2 (22 7) (1,706) Source: Prepared from information pro...

Ngày tải lên: 07/08/2014, 02:20

... billion. By March 20 00, the Energy Financial Group ranked Enron as the sixth largest company in the world based on market cap. 5 On December 28 , 20 00, Enron shares hit a record high of $ 84. 87, making ... titled “Enron Timeline,” avail- able at http://www.chron.com/cs/CDA/story.hts/special/enron/1 127 125 . 4. See http://www.enron.com/corp/pressroom/releases/1999/ene/EnronOnline .htm...

Ngày tải lên: 07/08/2014, 02:20

... systems (e.g., The Korean Stock Exchange). 4. “Enron Networks,” op. cit. 5. Energy Info Source (October 18, 20 02) . 6. Bryce (20 02) , p. 21 7. 7. Woods (20 02) , p. 125 . 8. “A Conversation with the LME’s ... Works: The Mule Market,” National Review ( January 22 , 20 02) . 2. “Enron Networks,” Draft Presentation and Internal Discussion Document, November 20 01 (on file with the autho...

Ngày tải lên: 07/08/2014, 02:20

... interest in August 20 01 for $ 14. 4 million, despite the fact that in the intervening period the Brazilian corporation likely lost value because of operating difficulties. Powers et al. (20 02) make no ... which LJM2 invested allowed Enron to avoid reflecting nearly $1 billion in losses on merchant investments from the third quarter of 20 00 through the third quarter of 20 01 (Powers et a...

Ngày tải lên: 07/08/2014, 02:20