Illustrate the cases of financial accounting, Accounting Basics

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Illustrate the cases of financial accounting

?Enron, an energy-trading business which is based in Texas, and was accused of entering into complicated financial arrangements in an attempt to obscure losses and to inflate profits

?WorldCom, a major long-distance telephone operator in US that was accused of reclassifying $3.9 billion of expenses so as to falsely inflate profit figures that business reported to its owners (shareholders) and to others.

 


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