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Topic: Miscellaneous
Number of pages / Number of words: 4 / 950
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The method most commonly used was to hold the open books past the end of the accounting period to accumulate more sales; this meant that companies were holding the open books until they reached their target sales, which they might have promised to shareholders. Recording revenue when services are still due and shipping merchandise to private warehouses for storage before the sale is final, and counting the shipments as sales, were two other types of fraud...


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Recording revenue when services are still due and shipping merchandise to private warehouses for storage before the sale is final, and counting the shipments as sales, were two other types of fraud.

Enron failed for a number of reasons. Enron's top management was in competition with each other, keeping everything secret...


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