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would be follow their regulations and standard. However, GAAP is not complete to cover all statement because it will have opportunity to cheat. Thus, some company has used an opportunity to gain more profit by adjust the accounting to present that a company has a good liquidity of financial so that many investors will interest to investment at this company and also high risk for investors.

In the real situation of Enron Corporation, that is a big company about the energy in Downtown Houston, Texas in United States. This company was established in 1985 by Mr. Kenneth Lay. Enron Corporation has an opportunity from Fortune magazine in top 10 companies have employees more than 20,000 peoples. Unfortunately, in late 2001 Enron Corporation was bankruptcy because the company has adjust the number of accounting and financial statement to present for publics in fake information's because the company has snatch to find out make more profit. Therefore, the stock price and value of Enron Corporation will rise so that many investors are investment in this company. Many investors are buys a lot of stock because they believes that the accounting statement and financial report of company have transparency and reliable. It shows that it will keep going up in the positive way. In real, the company has adjust the accounting statement and financial report to make its good and attractive investors to investment within this company. According to Batson (2002) said that Enron Corporation do not follow generally accepted accounting principles (GAAP) because he got information from other banks. He think the bank also know that Enron Corporation is not represent the real information within annual report. The transaction of the off-balance sheet has something wrong after Enron corporation has joint-venture partner with other company because the named 'Fishtail' and 'Bacchus' were plan only to cover a fault in revenues of Enron Corporation. After this is situation, it make affect to economic of United States because employees were lose a job, the United States stock market was drop down and current price was depreciation. It means that value of property is decrease and obligation is increase. You can find more information as appendix A.

According to the New York Times (1984) in 1976, Frigitemp Corporation is concession to build a ship. This company was responsible for decorate and build in the ship and other. Frigitemp was used Capital account is means that the company has bring a quarter of the amount for payment to present that money as a income of company before the project is actually completed but it will put on the condition as contract in the long-term. Many contractors always use capital account for doing statement by required a 25 percent of the fund of project to make at revenue before start to do the project. This money is not use for the project at all but it will tell that this money will bring for using in the project and make a fake receipt to charge customer to bring the money out first.

This process will help to increase the income of company by told the customer that would like to bring some money for purchase more equipment but company was not use it as told the customer. Moreover, It will add up value of company to show that company keeps growing up in the positive. However, the Capital account to the capital as percentage of work completed made a problem because in 1974 the company got a big project to bu本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。