Respond to your classmates below in regard to the Enron case and how they explained how the case can be used as a training tool in the healthcare environment. Use the textbook for all four class responses and use the library resource for the first two classmate responses ONLY nothing else!!!! Focus on Chapter 1,7, and 8 for all four responses. Þ  Epstein, L. & Schneider, A. (2014).  Accounting for Health Care Professionals [Electronic version]. Retrieved from https://content.ashford.edu/ Þ  Giroux, G. (2008). What Went Wrong? Accounting Fraud and Lessons from the Recent. Scandals Social Research. Vol. 75(4), p1205-1238. Retrieve from http://eds.a.ebscohost.com.proxy-library.ashford.edu/eds/pdfviewer/pdfviewer?vid=7&sid=72202a65-776c-4e6e-aa39-6740198c145c%40sessionmgr4008 1.  100 words.Falsified accounting procedures is a dangerous game to play that can ultimately be the downfall of a company. Having these falsified accounts can make a company look good on paper (favorable profitability analysis), thus making them more attractive to future investors. This was part of the scandal that Enron was involved in. Financial analysts always rated Enron as a strong buy, encouraging people to buy more stock in the company. At its peak, Enron stock shares were selling for $90 a share. Once Enron declared bankruptcy, thousands of employees lost their jobs and retirement funds. Top executives did not. “Despite the total collapse, many of the executives would cash out their options and be paid additional millions” (Giroux, G., 2008, Page 5). Towards the end, the shares were $1. I think that many stockholders saw the high price of shares at Enron’s peak and so they also wanted to invest. But once the shares started selling for less and less, it was obvious that the company was not doing as well as they had let on. I think that one of the lessons to be learned from Enron is to stick with what you know and not take on too many additional enterprises without thorough knowledge of the area. This cost them huge amounts of money that they had to cover up. “Enron acquired other companies to move into electric utilities, finance, risk management, and, toward the end, a telecommunications company. Why is not easily explained; Enron had not any experience in any of these areas” (Giroux, G., 2008, Page 15). Most of these additional enterprises were not successful and properly thought out. There are so many different branches of healthcare and a healthcare corporation could be risking a lot by sticking their hands into too many different pots. Shannon 2. 100 words. The Enron Corporation established in 1985 following a merger between a Houston Natural Gas Company and Omaha-based InterNorth Incorporated. Between the late 1990s and early 2000 Enron was considered one of the world's biggest energy businesses located in Texas. By late 2000, Enron began to face some financial difficulties. It was reported that the company leadership uses Mark-Market instead of re.

1. Respond to your classmates below in regard to the Enron case
and how they explained how the case can be used as a training
tool in the healthcare environment. Use the textbook for all four
class responses and use the library resource for the first two
classmate responses ONLY nothing else!!!! Focus on Chapter
1,7, and 8 for all four responses.
Þ Epstein, L. & Schneider, A. (2014).
Accounting for Health Care Professionals
[Electronic version]. Retrieved from
https://content.ashford.edu/
Þ Giroux, G. (2008). What Went Wrong? Accounting Fraud and
Lessons from the Recent. Scandals Social Research. Vol. 75(4),
p1205-1238. Retrieve from
http://eds.a.ebscohost.com.proxy-
library.ashford.edu/eds/pdfviewer/pdfviewer?vid=7&sid=72202
a65-776c-4e6e-aa39-6740198c145c%40sessionmgr4008
1. 100 words.Falsified accounting procedures is a dangerous
game to play that can ultimately be the downfall of a company.
Having these falsified accounts can make a company look good
on paper (favorable profitability analysis), thus making them
more attractive to future investors. This was part of the scandal
that Enron was involved in. Financial analysts always rated
Enron as a strong buy, encouraging people to buy more stock in
the company. At its peak, Enron stock shares were selling for
$90 a share. Once Enron declared bankruptcy, thousands of
employees lost their jobs and retirement funds. Top executives
did not. “Despite the total collapse, many of the executives
would cash out their options and be paid additional millions”

2. (Giroux, G., 2008, Page 5). Towards the end, the shares were
$1. I think that many stockholders saw the high price of shares
at Enron’s peak and so they also wanted to invest. But once the
shares started selling for less and less, it was obvious that the
company was not doing as well as they had let on.
I think that one of the lessons to be learned from Enron is to
stick with what you know and not take on too many additional
enterprises without thorough knowledge of the area. This cost
them huge amounts of money that they had to cover up. “Enron
acquired other companies to move into electric utilities,
finance, risk management, and, toward the end, a
telecommunications company. Why is not easily explained;
Enron had not any experience in any of these areas” (Giroux,
G., 2008, Page 15). Most of these additional enterprises were
not successful and properly thought out. There are so many
different branches of healthcare and a healthcare corporation
could be risking a lot by sticking their hands into too many
different pots. Shannon
2. 100 words. The Enron Corporation established in 1985
following a merger between a Houston Natural Gas Company
and Omaha-based InterNorth Incorporated. Between the late
1990s and early 2000 Enron was considered one of the world's
biggest energy businesses located in Texas. By late 2000, Enron
began to face some financial difficulties. It was reported that
the company leadership uses Mark-Market instead of regular
accounting methods to falsifying documents and to mislead
regulators of the company's real asset and net worth. At its best
in August 2000, Enron stocks were trading at over $90 and a
market value of about $70 billion with revenue of over $100
billion (Giroux, 2008, p. 1208). Eventually, the company
collapse and file for chapter 11 bankruptcy in 2001. Enron
Financial statement manipulation was unethical and not only

3. affected the company and its shareholders but employees as
well. Enron leadership uses the mark-to-market accounting
method to record the current market price of an asset or a
liability on financial statements. The healthcare environment
can use Enron as an example to better training its staff on the
outcome of a Falsified accounting document and how it can
ultimately affect the company and the legal implication for
doing so. Falsifying accounting procedures can also hurt the
company and its shareholders in Enron's case leadership
falsifying the company accounting led to the dismantling of the
company. Stephany
Respond to your classmates below in regard to comparing
the advantages and disadvantages of organization forms. Include
why most large public health care organizations use the
corporate form?
3.100 words..There are three different types of organization
forms, those are; sole proprietorship, partnership, and
corporation. A sole proprietorship is a business with one owner,
this is leaving all the responsibility on the owner. It is easy to
form a business with only one owner; however, it does make it
harder to transfer the business to someone else. A partnership is
a business that has two or more owners. Those owners are all
responsible for the business. If the business endures hardship,
all the owners will feel those effects and vice versa. The last is
a corporation, there are different types of corporations; such a
for-profit and non-profit. A corporation releases the owners
from any liability of the business. Corporations are easily
transferable.
Large health care organizations choose corporations for a

4. number of reasons. At the top of that list would be little to no
liability for owners and that they are easily transferable. Many
large public health care organizations are bought and sold
several times. There are also tax breaks for corporations that do
not apply to sole proprietors or partnerships. From employee
taxes to double taxations on the business itself and the tax on
dividends to stockholders. COLE
4.100 words..There are many different organizational forms
used got healthcare organizations. Four of the main business
structures are sole proprietorship, partnership, corporation and
LLC. Sole proprietorship normally has one owner. In most
businesses sole proprietorship's are responsible for their own
everything. They require small responsibilities such as handles
their own debt and owning certification of business names
which can be done at local courthouses for a small fee and same
day services. Partnership is a organizational form that merges
together multiple parties. Usually their co-owners for the most
part without any legal action that needs to take place. This type
of organizational form is quite rare in the healthcare field in
today's time because each partnership is held accountable for
one another's actions. Corporation is another organizational
form. In my opinion, most healthcare organizations use this
form because it cannot exist unless certain rules take place. As
stated from, Accounting for Healthcare Professionals, Epstein,
L. & Schneider, A., 2014,"it permits otherwise unaffiliated
persons to join together in mutual ownership of a business.
Funds can be accumulated and concentrated into one
organization. Most corporations allow shareholders to vote in
proportion to their shares, with one vote per share." The way
the rules are set up for this organization makes it fair for every
individual involved. LLC, limited liability companies are
similar to corporation because it provides a protection of
liability. The only key that LLC holds over other organizational
forms is that their legal and accounting needs are not as

5. expensive. WILSON
due 10/4/19 8am eastern w/turnitin report. Use only the
resource I provided