“The best-adjusted people are the ‘psychologically patriotic‚’ who are glad to be what they are.” - Isabel Briggs Myers (goodreads). MBTI (Myers Briggs Type Indicator‚ Myers Briggs Testing Instrument) is a personality assessment that was based off of the Jungian typology theory created by Carl Jung. Isabel Briggs Myers is the one responsible for this assessment‚ and the one responsible for my ungodly obsession with it. It was my Junior year in Psychology and our teacher‚ Mrs. Mais‚ took us into
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were the actions taken by WorldCom managers not detected earlier? What processes or systems should be in place to prevent or detect quickly the types of actions ... . Prepare A Case Analysis Of The Accounting Fraud At | Chegg.com www.chegg.com › … › questions and answers › business › accounting What is the boundary between earnings smoothing or earnings management and fraudulent reporting? 3. Why were the actions taken by WorldCom managers not detected earlier? . The pressures that lead
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that there were no profits generated after 1987. This is how the problem began‚ because Monus and other executives did not want the truth about there losses to damage the success and favorable reputation of Phar-Mor‚ they began to use imaginative accounting practices to hide their losses on the financial statements. Phar-Mor’s cover up and fraud was very extensive and went on for many years without being uncovered. In fact‚ Phar-Mor was deemed a hot commodity and attracted many large investors.
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Case Study: Enron Corporation Accounting Scandal 1. What is Enron Scandal? Formed in 1985 from a merger of Houston Natural Gas and Internorth‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial contracts linked to the value of energy
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Introduction WorldCom was America ’s second largest telecom company in 2000 (The WorldCom Accounting Scandal‚ 2002). Making a modest beginning in the hinterland of Mississippi in 1983 with a meager capital of less than 100‚000 USD it reached the pinnacle of corporate success reporting more than USD 39 billion in revenue and USD 150 million in MCAP (The WorldCom Accounting Scandal‚ 2002). In the process it became 42nd in the Fortune 500 list. Under the leadership of CEO Bernie Ebbers it grew rapidly
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Amicus Brief May it Please the Court‚ This brief is in regards to the Bristol School District and their policies. A seventeen-year old student‚ Suzie‚ attended Central High School in Bristol‚ Virginia. During Suzie’s relationship with her boyfriend‚ Cyrus‚ she sent him some very revealing photographs of herself. After their relationship ended‚ Cyrus forwarded some of the most revealing photos to upper classmen in the school. This began to draw unwanted attention to Suzie. It became such a disruption
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Libor Scandal What is Libor and why does it matter? Libor stands for London Interbank Offered Rate. “It is considered to be an average interest rate which is estimated by some leading banks in London that they would be charged if borrowing from other banks.” Libor rate is considered to be the primary benchmark for short term interest rates around the world. It is the average cost of borrowing and is estimated on a daily basis by a group of banks as mentioned above. Libor rate gained momentum around
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INTRODUCTION Myer is Australia’s largest department store chain. It was founded by Sidney Myer in 1900. Myer offers a broad range of merchandise from clothing to furniture and bedding to travel goods. This report will first …. 1.0 MESSAGE REVIEW 1.1 CURRENT MESSAGE STRATEGY The current tagline of the Myer department chain reads as ‘Myer is my store’. This has been their tagline since 2006 and‚ through television and other media advertising‚ is now a well-known Australian catchphrase together
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euros ($5.07 billion) held by a Cayman Islands subsidiary was declared false by Bank of America. Company founder Calisto Tanzi subsequently said when questioned that the accounting hole was about 8 billion euros. He is among nine arrested so far in what U.S. regulators have called one of the world’s biggest corporate fraud scandals.” Allegations: Company’s total debt was more than doubled on the balance sheet. Forgery and bankruptcy are some other allegations.” - (Tanzi admitted that there was a
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financial analysis of Myer. This report will analyze the forecast‚ valuation and application of Myer‚ including forecasting the major data‚ valuating share price under four model and discussing the opportunity and challenge of Myer. 1. Forecast sales growth rate As one of the most important indicators‚ sales can reflect directly Myer’s financial performance and influence other indicators. Therefore‚ the forecast of sales growth rate is the foundation for forecasting Myer. Based on the previous
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