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Revisiting Enron - How the Accounting World Got Turned Upside Down
Intentional Learning: Accounting CPE Podcast
41 minutes 52 seconds
2 years ago
Revisiting Enron - How the Accounting World Got Turned Upside Down
Earn Free CPE for this Episode here: https://bit.ly/3TrX3sB
In August 2000, the Enron stock price reached an all-time high and the company ranked 5th on the Fortune 500 list. Just one year later, Enron became, at that time, the largest corporate bankruptcy in U.S. history. In this podcast episode, we will look at how Enron exploited accounting tactics, some even legal, to inflate their revenue by over 1,500%, hide billions in debt, and trick most of the business world into believing they were one of the strongest companies in the world.