Enron Corporation Movie Review Example | Topics and Well Written Essays - 500 words

Enron Corporation - Movie Review ExampleEnron had implemented tosh transactions and accounting deceit. It had filed in erroneous details and accounting figures, keeping the whole world in the dark. Financial corruption has been personified by Enron, which had finally filed for bankruptcy.As shown in the movie, the traders of Enron manipulated the whole setup of transactions. This they did, by trim power supply and by effecting and increment in the prices for power. They targeted poorer consumers and indulged in such activities, at their expense. The need to experience more money, the greed to possess was the recognized motive behind such activity of the traders.Enron Corporation had utilise the mark-to-market type of accounting procedure, wherein they had reported the entire financial years estimated value, as the profit rather than making oscillating assessments of the profit margin, as cash came in. Therefore, the high level of profits reported were untrue and misleading, whic h can be considered frauds.4.