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

    The Company & Situation WorldCom was a provider of long distance phone services to businesses and residents. It started as a small company named LDDS and grew into national telecommunication company called WorldCom. It became the second-largest long distance telephone company in the United States and...

      2322 Words | 8 Pages   MCI Inc., Bernard Ebbers, Whistleblower, Arthur Andersen

  • 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

    1) In 1990’s WorldCom was recognized as a global communication provider, it has its operations running in more than 65 countries. It’s most charismatic CEO Ebber’s main aim for WorldCom was not to capture market share or be global but was to be no.1 stock on Wall Street. It involved itself in mergers...

      1381 Words | 3 Pages   Audit, Internal audit, External auditor, Financial audit

  • 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

    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

    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

    1) In 1990’s WorldCom was recognized as a global communication provider, it has its operations running in more than 65 countries. It’s most charismatic CEO Ebber’s main aim for WorldCom was not to capture market share or be global but was to be no.1 stock on Wall Street. It involved itself in mergers...

      1381 Words | 3 Pages   Audit, Internal audit, External auditor, Financial audit

  • 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

    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

    loans and lines of credit as a means of attracting and rewarding corporate clients for highly lucrative work in mergers and acquisitions. Since WorldCom was so active in that mode, their senior managers were the targets of a great deal of influence peddling by their banker, Citibank. For example...

      446 Words | 2 Pages   Citigroup, Glass–Steagall Legislation, Morgan Stanley Wealth Management, Financial analyst

  • 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

  • Worldcom

    7/22/13 WorldCom Search » Ethics Home Page About the Center Focus Areas Bioethics Business Ethics Campus Ethics Character Education Government Ethics Internet Ethics More... Publications Ethics Articles Ethics Cases Ethical Decision Making Videos Ethics Blogs Podcasts E-letter/Subscribe Contact...

      3836 Words | 11 Pages   Initial public offering, MCI Inc., Citigroup, UUNET

  • 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

    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

    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

    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

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