Enron was immediately the most revolutionary company in America and was famous in a certain period of the business world from the 1990s until autumn of 2001. As a future professional In line with business, I am amazed at the same time dissatisfied with Enron's management, as well as high-level employees, because they covered up its failure as a steady organization with specific revenue. That's quite alarming, considering that a large portion of its staff and customers have been affected. For me, it is no longer the administration that is to blame, but also the government, since they do not have that strict insurance to protect and manage each entity. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay As I look at an article about the fall of Enron, I assume that one of the reasons for their fall was once their techniques and way of running the company. Awarding bonuses to deal closers once caught my attention, because, as mentioned in the article 'Once upon a time everyone was in a hurry to close deals (good or bad) due to one's own reality after a deal close, they received their bonuses regardless of the final outcome of the deal, a capacity that in reality all of us were honestly struggling with deals to close except worrying about whether it can also choose to provide some revenue to the company or not. issue that catches my attention was Mark-to-market accounting, where the organization will use future revenue estimates when a long-term contract is signed. This clear ability for the estimate of future money to flow into the company was already included in Enron's accounting, even though the money was not yet being received. The result of this transaction has already provided investors with misleading information, which presumably already constitutes a violation. I was also alarmed that Enron's employees were competing with each other, due to the reality of the company's coverage of Performance Evaluation, where employees are rated from 1 to 5. 1 is ideal and every time you are awarded 5, then you need to pack your bags because you will lose your job soon. As a company, employees need to collaborate with each other, but it turns out they were competing. Everyone wants to cooperate to decorate the company organization, no longer to compete with every badge, sincerely, to continue to be part of the company. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay To conclude, there are many discrepancies created by Enron, which could provide every individual with knowledge on how to handle future events that will arise. As future accountants it is truly vital to maintain our ethical and professional conduct. It's a warning to those who are already doing it to stop and do perfect things instead.