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Enron Corporation - Movie Review Example

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Summary to movie review on topic "Enron Corporation"
'Enron: The Smartest Guys in the Room' is a Documentary movie based on the scandal of the Company dealing with Energy, Enron. The story portrays the fraudulent activities of the authorities at Enron, which to the infamous collapse of the business…
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Enron Corporation
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Download file "Enron Corporation" to see previous pages... Enron had implemented fraud 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,
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the traders of Enron manipulated the whole setup of transactions. This they did, by reducing 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 beget more money, the greed to possess was the recognized motive behind such activity of the traders.
Enron Corporation had employed the 'mark-to-market' type of accounting procedure, wherein they had reported the entire financial year's estimated value, as the profit rather than making periodical assessments of the profit margin, as cash came in. Therefore, the high level of profits reported were untrue and misleading, which can be considered frauds.
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