Kasus Worldcom Essays and Term Papers

  • Worldcom

    THE ACCOUNTING FRAUD @ WORLDCOM: THE CAUSES, THE CHARACTERISTICS, THE CONSEQUENCES, AND THE LESSONS LEARNED by JAVIRIYAH ASHRAF A Thesis submitted in partial fulfillment of the requirements for Honors in the Major Program in Accounting in the College of Business Administration and in The Burnett...

      13163 Words | 44 Pages   MCI Inc., Internal audit, Dot-com bubble, Audit

  • Worldcom

    WorldCom Critical Thinking Case Study Not only did WorldCom’s organizational culture contributed to the accounting breaches, in my opinion it was the catalyst to its ultimate demise in July 2002. Richard Thornburgh stated that “WorldCom could not have failed as a result of the actions of a limited...

      878 Words | 3 Pages   SMART criteria, Organizational culture

  • Worldcom

    ACCOUNTING FRAUD AT WORLDCOM WorldCom was the second largest long-distance company after AT&T before its bankruptcy. The company had a rapid growth by acquisitions of other companies just after it went public in 1989. Starting 2000 the telecommunication industry had a downturn and their stocks were...

      898 Words | 3 Pages   Accounting scandals, Internal audit, Fraud, MCI Inc.

  • Worldcom

    Group 3 1. Why did accounting fraud occur at WorldCom? Fraud occurred at WorldCom for a variety of reasons. The senior executives had unchecked power because the board of directors were only figure heads, the ethics hot-line was nonfunctional, and in internal audit department did report to the appropriate...

      1691 Words | 5 Pages   Sarbanes–Oxley Act, External auditor

  • Worldcom

    Data Flow Diagram Tutorial Objectives After completion of study of this unit you should be able to: Describe the use of data flow diagrams Produce a data flow diagram from a given case study including different levels Distinguish between the different categories...

      6419 Words | 23 Pages   Data model, Data flow diagram, Structured systems analysis and design method, System

  • WorldCom

    the books. Enron, Tyco,Global Crossing, Adelphia, WorldCom, and HealthSouth - the list continues to grow. WhileEnron is perhaps the most complicated fraud in the recent string of business failures, WorldComwas the most simple to perpetrate. WorldCom is a for profit organization that specialized inlocal...

      330 Words | 1 Pages  

  • Worldcom

    Worldcom appeared to be a great success story. However, the success began to unravel with the accumulation of debt and expenses, the fall of the stock market, and long distance rates and revenue. It would take 2 years for the extent of these problems to become public, and accounting scandals like that...

      1366 Words | 4 Pages   Financial audit, MCI Inc., Loan, Debt

  • WORLDcoM

    Fraud at WolrdCom Introduction WorldCom, US second largest telecommunication company shocked the world by filing bankruptcy at 21 July 2002. The WorldCom filing surpassed Enron and became the largest bankruptcy filing in United States history. Due to its rapid growth, WorldCom is also heavily in debt as...

      6193 Words | 28 Pages   Financial audit, MCI Inc., Internal control, Board of directors

  • Worldcom

    Marcos Jimenez WorldCom Scandal I will be writing this paper is to discuss what exactly happened in the WorldCom account scandal and the effect that this scandal has had on the accounting world as we know it. We will discuss the corporate culture at WorldCom and how greed and envy lead to...

      778 Words | 2 Pages   MCI Inc., Whistleblower, Bernard Ebbers

  • Worldcom

    Why was the fraud committed? WorldCom fraud is one of the leading corporate frauds in history and especially on American soil. The fraud was estimated to be worth more than $ 11 billion of fraudulent accounting entries and misstatements. This represented about 28.89 % of the company’s revenue for the...

      1077 Words | 3 Pages   MCI Inc., Corporate governance, Internal audit

  • Worldcom

    Abstract This paper explores the Accounting fraud that took place at WorldCom. Three aspects of the corporate culture are discussed including WorldCom’s harsh top-down management approach, the lack of written rules or a code of conduct, and the inaccessibility of many of WorldCom’s departments. The...

      1310 Words | 4 Pages   Matching principle, Arthur Andersen, Whistleblower, Fraud

  • WorldCom

    became known as WorldCom. When the Telecommunications Act of 1996 allowed companies to provide both long distance and local service, LDDS went after the local market by purchasing MFS Communications, providing them significant internet presence. After their next acquisition of MCI, WorldCom gained power...

      617 Words | 2 Pages   MCI Inc., Bernard Ebbers, Expense, Mergers and acquisitions

  • Worldcom

    Case analysis : Worldcom downfalls "Corrupt corporate executives are no better than common thieves when they betray their employees and steal from their investors." The case discusses the accounting frauds committed by the leading US telecommunications giant, WorldCom during the 1990s that led to its...

      700 Words | 2 Pages   MCI Inc., Bernard Ebbers, Expense, Revenue

  • Worldcom

    Expense for $14,739 million and a credit to Cash for the same amount. Line costs are fees that WorldCom paid to other telecommunication companies to use their networks for long distance calls. d. WorldCom capitalized $3.8 billion in line cost expenses. These were transactions that involved payment...

      1138 Words | 4 Pages   Income statement, Depreciation, Asset, Expense

  • Worldcom

    The Fraud AIM 6344 Group Members Cenk Tolunay Yan Wang Hong Ma Yuhong Zhang Background WorldCom Inc. started as a small long distance telephone service provider in Mississippi in 1983. Then, it was called Long Distance Discount Services Inc. (LDDS). LDDS became a public company in 1989 thought...

      3636 Words | 11 Pages   MCI Inc., Revenue, Bernard Ebbers, Chapter 11, Title 11, United States Code

  • WorldCom

    stand up for what they believe is right. Ms. Cooper and her team choose the latter. When these auditors stumbled on to information that suggested WorldCom superiors were knowingly reporting inaccurate accounting information to increase the company’s bottom-line, they began an investigation that uncovered...

      404 Words | 2 Pages   Ethics

  • Worldcom

    Woldcom’s Whitleblower: 1-which of Kohlberg’s six stages of moral development would you say that Cynthia cooper had reached? Explain. She has reached the universal ethical orientation in which the meaning of right is explained by the decision of conscience in accord with self-chosen ethical principles...

      493 Words | 2 Pages   Lawrence Kohlberg's stages of moral development

  • WorldCom

    WorldCom: The Billion-Dollar Lie At the time of the WorldCom scandal, WorldCom was the second largest long-distance providers. In 1983 WorldCom was founded as a discount long distance provider in Mississippi. During the 1990’s the company grew exponentially due to acquisitions of other providers...

      445 Words | 1 Pages   MCI Inc., Dot-com bubble, Expense, Recession

  • WorldCom

     CASE NAME: WorldCom: Keeping Planes In the Air 1. Briefly describe the important aspects of the situation. WorldCom had asked its accountant to make accounting entries dipping into reserves to help the company to meet its earnings target. WorldCom had been done these financial...

      591 Words | 3 Pages  

  • Worldcom

    of WorldCom can be traced to the breakup of AT&T in 1983. The company began as Long Distance Discount Services Inc during 1983. LDD name was changed to WorldCom in 1995. To build the economies of scale that were critical success factor in long distance market it was imperative for WorldCom to grow...

      1499 Words | 5 Pages   MCI Inc., Earnings management, Expense, Revenue

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