Bin mal auf die Reaktionen gespannt

verfasst von XERXES, 15.01.2002, 13:23

Auszug vom 14.01.2001 NY-Times

Because Enron operated in a largely unregulated arena and because of the way energy trading firms are allowed to account for their operations, the company recorded revenue that made the economic status of its business appear larger than it really was. Under accounting rules, when an energy trading company trades electricity or gas, it can count as revenues the whole amount of every transaction rather than simply the profit or loss, as a brokerage firm does.
It is similar to the way Priceline.com counted as revenues the whole sale price of plane tickets sold online rather than just commissions, as traditional travel agents do.
That is largely how Enron, a relative newcomer to the trading of commodities and related financial instruments, was able to produce $101 billion of revenue in 2000, up from $40 billion in 1999. By comparison, Goldman, Sachs, a highly regulated firm with a long history of trading in the field, generated $6.5 billion in trading revenue last year.
Enron appears to have done nothing wrong in accounting for trading revenues, unlike its almost certainly improper accounting for dealings with entities off its balance sheets. But the larger-than-life revenue numbers allowed Enron's executives and other advocates to promote the idea that its operations were far grander than they were, worthy of a ranking near the top of the Fortune 500.



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gesamter Thread:

• Bin mal auf die Reaktionen gespannt - XERXES, 15.01.2002, 13:23
  • Re: Bin mal auf die Reaktionen gespannt - ManfredZ, 15.01.2002, 13:59
    • Re: Bin mal auf die Reaktionen gespannt - JüKü, 15.01.2002, 15:36
      • Re: Bin mal auf die Reaktionen gespannt - XERXES, 15.01.2002, 18:26
        • Re: Bin mal auf die Reaktionen gespannt - XERXES, 15.01.2002, 20:04
        • Re: Bin mal auf die Reaktionen gespannt - ManfredZ, 15.01.2002, 20:26
          • Re: Bin mal auf die Reaktionen gespannt - XERXES, 16.01.2002, 07:47
            • Re: Bin mal auf die Reaktionen gespannt - ManfredZ, 16.01.2002, 13:32