There is a great deal of confusion regarding the factors that led to Enron's collapse. This important book addresses this problem by providing a coherent explanation of the accounting and finance problems associated with the collapse. The Skilling-Lay trial, as it is related to accounting or finance issues, is critically described as well. Through its well-balanced take on events surrounding the trial, the book therefore enables readers to analyze the validity of the arguments offered by the U.S. attorneys.
Contents:The Enron Success and FailureEnron as of 31 December 2000First Six Months of 2001: Before the StormSherron Watkins' Letter to Kenneth L LayThe Clouds BurstThe 100-Year FloodJEDI and Chewco: Not the MovieLJM1 and RhythmsLJM2 and Raptors I and IIILJM2 and Raptors II and IVOther TransactionsThe CollapseThe Indictment of Lay and SkillingThe TrialA Slice of the Skilling–Lay TrialThe Skilling–Lay Trial: Fair or Foul?Mark to Market Accounting: Feeding the Growth RequirementConcluding ObservationsReadership: Students and academics in accounting, finance, law and banking; accountants, lawyers, board members and finance people; and general public.
