会计造假案例分析wanjie.pptVIP

Accounting fraud case analysis The facts and conspiracy behind The United States Enron stock Co., LTD financial fraud case Case Description Enron was established in 1985，Early mainly engaged in natural gas ,oil transmission and other traditional business, natural gas and oil of which had the operation of the market of the 20% ，business to cover more than 40 countries and regions all over the world. Operating income reached 100 billion dollars, thus being the worlds largest energy traders and ranking seventh of the top 500 US companies in the Fortune Magazine ，becoming the blue chip recommended by Wall Street financial analysts.　 Financial data show 　 2000year 1999year 1998year Income of non-derivative financial instruments 93557　　　34774　　 75 cost of derivative financial instruments（9457）（3476）　（638） The financial derivatives Maori　　　　（960）　　　3　　　　834 Financial derivatives gains (or loss）　　73　　　5338　　　4045 Other expenses 　　　　　　　　　 （439）　（4549）　 （350） operating profit　　　　　　　　　　　 953　　　　80　　 378 net profit 　　　　　　　　　 　　 979　　　　893　　　703 Knowledge connection ——The increase of the profit Definition ： Profit = Income-Costs From the definition we can reach a conclusion , there are two means to increase profit： 1. Increase income 2. Reduce expenses Question：why does Enron’s earnings have so much change in three years? Demystify Statistics indicate that ，although the income of Enron’s underivative financial instruments twofoldness increase，the profit linear decrease. And it has appeared deficit in the 2000.But from the retained profits published in the report forms，the profit is steady-state growth. This is the benefit brought from the derivative financial instruments. If get rid of the derivative financial instruments’ gains，Enron’s operating profit is deficit for three consecutive years. From the information published, Enron mainly adopts the derivative financial instrum