Government of India Ministry of Power **** ULTRA MEGA POWER PROJECTS 1.0 Background 1.1 Development of Ultra Mega Power Projects (UMPPs) has been identified as a thrust area. These are very large sized projects, approximately 4000 MW each involving an estimated investment of about Rs. 16,000 crore. These projects will meet the power needs of a number of States/ distribution companies located in these States, and are being developed on a Build, Own, and Operate (BOO) basis. In view of the fact
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financials presented by Enron were restated. In 2000, the profitability was less than 1%, becoming clear that Enron’s profits were realizable only if the quality of their revenue is good but if not it is not realizable. Enron used SPEs or Special Purpose Entity this is used to keep Enron’s debts and losses away from its balance sheets, therefore allowing it have a good credit rating and look good in front of the investors. In this case it is purely seen as an investment scam. In the company were I
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are based upon the credit of an entity that is participating in the transaction, such as the issuer, a guarantor or another provider of credit support. Securitizations involve a transfer of assets from an originator into a trust or similar special purpose vehicle (SPV) with the issuance of securities by that trust or SPV. Payments on the issued securities (the sukuk) are derived solely from the payments received in respect of those transferred assets, rather than any general credit of an issuer or
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Hello, Thank you very much for considering my application. It is with great enthusiasm I wish to intern at GPPi. As a reporter for Reuters News covering Wall Street, I analyze financial data, talk to Wall Street analysts and investors to write stories every day. My time here has also ensured that I work well under pressure and manage time efficiently, thanks to working against deadlines to get stories published. During this time, I have seen companies constantly working out inventive ways to
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disclosures) for many financial instruments held in special purpose entities” (Reinstein, 2012). The old consolidation framework used a common-sense approach, where a company should consolidate operations when they had a controlling ownership interest in another. Controlling abilities were tough to recognize and led to many unconsolidated statements. a. Explain how FIN 46 modified the guidance on VIEs. Originally FIN 46 focused only on special purpose entities and required a reporting enterprise to consolidate
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| | |CONSOLODATION: | |US GAAP vs IFRS | | | |
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Does ideal speech ever really take place? Jürgen Habermas formulated a concept in his early works, which is known as the ideal speech situation. Ideal speech can be simply defined as idealised conditions of speech, which is speech that focuses on reasoning rather than persuasion. Habermas sets out four conditions that must be followed in order for ideal speech to be achieved. All participants must have equal opportunity to speak. They all must have the right to state, defend or question any factual
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reached a place when they collapse that they couldn’t prevent it anymore even if they want to. They were covering a fraud with another fraud like when Andrew Fastaw who is the CFO of the company introduced a new way of trading concern called a special purpose vehicle or entity, which is Enron can sell an asset to another entity, but the asset will remain at its place, The SPV would pay cash for the asset and Enron can then show the transaction as a sale which would boost its reported profits. Well, whether
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Executive Memo to the Board To: Board of Directors From: UoPx CPA Auditors Subject: GAAP Requirements and Accounting Treatment for Share-Based Payment Reporting and Consolidation of Special Purpose Entity Week 6 Points to consider Memo on SPE and Share-based payments Evaluate Share-based payment reporting JJH->Share-based employee compensation awards are classified as either equity instruments or liability instruments. The measurement date for estimating the fair value
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were ignored, or severely reduced. Included in these, was the defect that allowed gas to rise up in the well and ignite, causing the explosion in the first place (Bureau, 2011). One of the main reasons for Enron’s bankruptcy was the use of special purpose entities to keep the debt underreported. They kept profits made by these entities and reported it as revenue. However, they failed to report the debt incurred by the acquisition of these entities (Collins, 2006). The main motivation behind this scandal
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