on the court’s earlier findings of mismanagement‚ lack of corporate governance‚ and concern regarding the integrity of the company’s accounting and financial reporting functions. Supervised by former U.S. Attorney General Richard Thornburgh‚ the study was commissioned by the court to investigate allegations including fraud‚ mismanagement‚ and irregularities within the company. One section of the more than 200-page report‚ "Accounting and Related Internal Controls‚" details WorldCom’s weaknesses
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Reporting Income for Dot-Coms Priceline.com 1. Under the current system of accounting‚ the company would record revenues of $250 as they are the merchants to the transaction and $200 (80% of transaction value) as their cost of goods sold. 2. Alternatively‚ the company can net off the effect and show $50 (20% of transaction value) as their commission revenue. 3. If I were the CFO‚ I would recommend to opt for the first method of revenue recognition because it would show better
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COMM 315 Business Law and Ethics 07-Jan-08 |Law: |Ethics: | |if it’s not written it’s not law |norms | | |cultural values | |
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COM 107—Spring 2012 Agenda setting‚ framing: writing section (2-4 questions maybe) Final Study Guide Exam Structure The exam will focus on the material we have covered since Exam 2. You will be expected to answer some questions relating to material covered at earlier points in the semester. The exam will consist primarily of multiple choice questions and True/False questions‚ however‚ you will also be asked to answer a few (2 to 4) short essay questions. General * Be able to discuss
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.COM Failure Marketing and the .COM Bust Why Marketing? The .COM bust‚ the .COM “bubble”‚ the failure of companies that “dot-bombed”‚ happened more than a decade ago‚ but the lessons learned are important for the present tech sector. Many investors argue that we are in a bubble now‚ with companies like Instagram selling for $1 billion and hundreds of others getting million dollar valuations. Looking back‚ it’s clear from a marketing perspective current aspects of the products and websites themselves
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The War on Drugs Megen Smith COM/172 March 12‚ 2012 Angela Gist University of Phoenix Despite large amounts of government funding and agencies working together the war on drugs is the most counterproductive measure the United States has launched because its main focus was to stop drug trafficking and criminal activity‚ but it has done nothing but increase incarceration and large amounts of spending by the U.S. One of the first bills introduced to the United States was the National Prohibition
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Adrian Hall COM 200: Interpersonal Communication After reading the article “Close Relationship Sometimes Mask Poor Communication” it made me realize that I and my wife have poor communication skills. We been together for a good two years and we still haven’t gotten the proper communication between each other. She likes to be rude and cut me off while I’m trying to prove a point because she always thinks she’s right when clearly at times she’s wrong but won’t admit it. She always wants materialistic
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Cited: Cooper‚ Cynthia. "The Journey of a Corporate Whistleblower Extraordinary Circumstances". Canada:John Wiley& Sons‚Inc.‚2008. Ferrell‚ Fraedrich‚ Ferrell. Business Ethics Ethical Decision Making and Cases. Massachusetts: Houghton Mifflin Company. 7th Edition‚ 2008 McGuire‚ Russ. "WordCom ’s deadly culture." WorldNetDaily 17 June 2003. 17 June 2003. Sarno‚ John J‚."Lessons From WorldCom".Slideshow. 16 January 2009.. Tavis Smiley. Cynthia Cooper. 15 April
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In the case of WorldCom‚ a national company that began in 1983 and would provide long-distance telephone services‚ it is hard to determine where the problem begins. The case‚ as explained in the book‚ has never really found the core of the problem. We are told that financial reports were falsely created and improper accounting practices were found‚ but who is to blame? The textbook tells us that several of the former top financial executives pleaded guilty to securities fraud‚ however they defended
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David Gill COM/105 Analyzing Written Essays • What are the four types of essay organization discussed in the course readings? What characteristics make these essays expository? The four types of essay organizations discussed in the course readings are topic‚ time order‚ space order and informative process. The characteristics that make these essays expository are a defined thesis in the introduction‚ evidence in each paragraph to support the thesis‚ information presented in a non-biased
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