Enron Questions....?

Question

Can anyone answer any if not all of these questions, thx.

-What political move was the founder famous for by changing the industry?
-What is the name of the type of accounting that brought Enron to bankruptcy?
-How did this type of accounting record profits?
-How did this record keeping lead to the demise of Enron?

Answer 1

-What political move was the founder famous for by changing the industry?
deregulation
-What is the name of the type of accounting that brought Enron to bankruptcy?
Boosted profits and hid debts totaling over $1 billion by improperly using off-the-books partnerships (special purpose entities); manipulated the Texas power market; bribed foreign governments to win contracts abroad; manipulated California energy market (roundtripping)
-How did this type of accounting record profits?
marking future contracts to their "estimated value"
-How did this record keeping lead to the demise of Enron?
essentially Enron collapsed due to a lack of cash flow, once the stock began to fall and their debt was reduced to junk status, their access to capital markets ceased and they were unable to continue their ponzi scheme.

Answer 2

i could be wrong but i think it was called phony book keeping and underhanded practice. also, it could be called pocketing the money and writing off personal expense as corporate expenses.