Kasus Worldcom Essays and Term Papers

  • Kasus

    Mixing It Up How do you combine two packaged-food companies, both with very well-known household brand names, and make the new company work? That’s the challenge managers at General Mills faced when it acquired Pillsbury. The company’s chief learning officer Kevin Wilde said, “Let’s get the best out...

    451 Words | 2 Pages

  • Worldcom

    auditors and the board of directors • Demonstrates the pressure and consequences when middle managers follow orders that they know are wrong. WORLDCOM • WorldCom is a for profit organization that specialized in local, long distance and international plans, high cable internet, prepaid cards, and collect...

    3131 Words | 10 Pages

  • Worldcom

    March 2nd, 2003 WorldCom Introduction Based out of Mississippi, WorldCom was put together by Founder Bernard Ebbers. Growing rapidly through mergers and acquisitions Mr. Ebbers pulled off what was considered quite a coup when his smaller WorldCom group took over MCI. A powerhouse in long distance...

    1129 Words | 3 Pages

  • 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

  • Worldcom

    scandals that happened in the 1990s and early 2000s like Enron and WorldCom. These companies engaged in business transactions that some were legally acceptable then but are now no longer allowed. The rise of WorldCom WorldCom did not start out as the giant it was, it grew that way by the aggressive...

    1537 Words | 5 Pages

  • Worldcom

    Industry Facts WorldCom, the Nation’s second largest long distance telecommunications company filed for bankruptcy protection on July 21st after announcing the company overstated earnings by $3.8 billion over the 2001 fiscal year and the first quarter of 2002.[1] WorldCom manipulated their financial...

    1199 Words | 4 Pages

  • 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

    The Accounting Fraud at WorldCom Summary of Case Background LDDS (Long Distance Discount Services) began in 1984 after the breakup of AT&T in 1983. This allowed other companies access to long distance phone lines at a discount. The company started providing services to local retail and commercial...

    2655 Words | 9 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

  • 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

  • Worldcom

    WorldCom was founded in Jackson, Mississippi, as a regional long-distance telephone provider in 1983 (Bernard, 1). After naming Bernard Ebbers as CEO in 1985, the small telephone provider quickly expanded. The company went on to acquire 75 companies by 1997, with services ranging from telephone communications...

    1422 Words | 4 Pages

  • Worldcom

    Re: WorldCom Facts: WorldCom was one of the best companies in the telecommunication industries before 2002. It expanded the company successfully by acquiring some other small companies. However, after the acquisition, it didn’t figure out a new strategy to take advantage of the combination of various...

    947 Words | 3 Pages

  • Worldcom

    Management Organization University of Phoenix Abstract With the scandals concerning financial abuse from well known companies like Enron, WorldCom, Tyco, and Xerox many investors including the government are placing new demands for actuate accounting procedures for businesses. In the late 1990’s...

    1119 Words | 3 Pages

  • Worldcom

    The Ethics of WorldCom Aekyung Rauhauser, Bobby Williams, Juanita Troutman, and Michelle Tice Liberty University Abstract Ethics in the accounting practice is very important and is the foundation of the accounting concept. When companies and accounting firms violate this one rule, the...

    3986 Words | 12 Pages

  • Worldcom

    Company’s History WorldCom, a long distance discount telephone service, was founded by Bernard Ebbers in 1983. Bernard Ebbers became the CEO in 1985 and the company went public in 1989. Bernard Ebbers was also listed in Forbes as one of the richest men in the U.S. At its peak, WorldCom had about 20 million...

    4583 Words | 13 Pages

  • Worldcom

    WorldCom’s Fall WorldCom was a leader in the telecommunications industry; they dealt with a range of products, with their main focus on internet and long-distance service. WorldCom was established in Mississippi in 1983 and became the #2 long-distance carrier in the US, behind AT&T (Management Guru...

    986 Words | 3 Pages

  • Worldcom

    Consider recent history involving the Enron and WorldCom corporate fiascos affecting ERISA legislation and the mutual fund trading scandals where participants were late-day trading and market timing with overseas investments. The result was the Mutual Fund Reform Act of 2004. Other laws such as the Sarbanes-Oxley...

    627 Words | 3 Pages

  • Worldcom

    WorldCom Melissa Gillis Mgt/330 May 7, 2012 Carolyn Harrison Management Planning Paper WorldCom ...

    436 Words | 2 Pages

  • 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

  • Worldcom

    WorldCom finds accounting fraud By Andrew Backover, Thor Valdmanis, Matt Krantz and Michelle Kessler USA TODAY WorldCom has engaged in what could be one of the biggest financial frauds in history and will restate earnings for the past five quarters. The news, released Tuesday, is bound to shake...

    546 Words | 2 Pages