Self-Study Course Details
Course Description
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.
We will also walk through the significant regulatory changes in the accounting industry in the aftermath of the Enron scandal.
Note: You can listen to this podcast episode on Apple or Spotify. If you listen on one of these platforms please return to this course and complete the review and exam questions for CPE credit.
Learning Objectives
- Identify how Enron exploited certain accounting standards to inflate their revenue and hide debt.
- Discover legislative and regulatory changes in the accounting profession in response the Enron scandal.
Prerequisites
- None
Advanced Preparation
None
Author Details
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Matthew Briggson
Matthew Briggson is a certified public accountant in the State of Michigan and a co-founder of Encoursa LLC, a technology company offering continuing professional education courses to CPAs and other financial professionals. Before founding Encoursa, Matthew spent time in public accounting at PricewaterhouseCoopers LLP in the Assurance Practice.
NASBA Sponsor
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Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
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CPE
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Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
For specific instructions on accessing your CPE, please see our FAQ section on our support page.
- Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.
Purchase options
Podcast Course
Revisiting Enron - How the Accounting World Got Turned Upside Down
- by Matthew Briggson
- Credits: 1.00
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