PM 7010 – Project Management Techniques I Unit # 1 Individual Assignment # 2 Date: 09/11/2012 Number of Words: 299 Question: It has been argued that “the Project Manager is the most important person involved in a project”. I do not agree with the argument that the Project Manager is the most important person involved in a project. The most important person in a project is a stakeholder. A project is undertaken to create something unique with a beginning and an end‚ it could be a product
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Accounting Research Vol. 49 No. 3 June 2011 Printed in U.S.A. Earnings Quality Based on Corporate Investment Decisions FENG LI∗ Received 25 July 2007; accepted 20 September 2010 ABSTRACT In this paper‚ I examine a new approach for measuring earnings quality‚ defined as the closeness of reported earnings to “permanent earnings‚” based on firm decisions with regard to capital and labor investments. Specifically‚ I measure earnings quality as the contemporaneous association between changes in
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I have learned and releaerned much about managing the stress in my life. Getting a handle on my emotional intelligence is a key factor for me in stress management. I realized that is a department in my life that I need to drastically work on. I know that my success is meaningless if I am not happy. I used to make rash and unwise decisions due to my lack of emotional control and in a sense let them control me. I’ve had to delv into myself during unhappy times and learn to create my own happiness and
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The WorldCom scandal was actually brought to light by the internal auditor‚ Cynthia Cooper. Cooper and her team‚ Gene Morse and Glyn Smith uncovered the fact that line costs were being transferred to capital accounts. Cooper was originally tipped off to the fact that something was amiss when the head of WorldCom’s wireless business paid her a visit‚ upset that he was loosing $400 million that had been set aside to make up for shortfalls if customers didn’t pay their bills. Scott Sullivan‚ CFO of
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Modern Management Techniques In context with Toyota Ltd "The past 15 years have seen a series of new developments within Management Accounting to meet the ever changing needs of the organisation in the light of rapidly changing technologies". Author: Kobby Darko-Ampem Tutor: STEVE DUNGWORTH 16th December 2010 CONTENTS Page Introduction..................
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Enron and WorldCom Scandals Matthew Morrison ACC/260 8/18/12 Enron and WorldCom Scandals Question number one of the Enron case focuses on the corporations that got Enron into its difficulties these were the special purpose entities for joint partnerships including Chewco‚ LJM1‚ LMJ2 and the Raptors. Number three of the Enron case shows us that the board was divided into five divisions‚ all of which were full of well-educated financial employees who
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Case study on WorldCom THE WORLDCOM FRAUD:- Presented By: Pratik WorldCom’s Background • Awoke the sleeping giant by leading the telecom industry into profitability in the 90’s. • During the 1990’s‚ WorldCom was deeply involved in acquisitions and completed several “mega-deals” • Purchased over 60 firms in 2nd half of the 90’s • WorldCom moved into Internet and data traffic • Handled 50% of US Internet traffic • Handled 50% of e-mails worldwide WorldCom’s Background (cont.) • Purchased MCI for
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An Ethical Dilemma at WorldCom: A case study of Cynthia Cooper The Scenario One May afternoon‚ while sitting in his cubicle at WorldCom Inc. headquarters located in Clinton‚ Mississippi‚ Gene Morse was stunned to find an accounting entry for $500 million in expenses‚ which was not accounted for with any invoices. He immediately reported this entry to his boss‚ vice president of internal audit Cynthia Cooper (Pulliam & Solomon‚ 2002). Little did they know at the time that this discovery would begin
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WorldCom Sunday‚ November 07‚ 2010 10:27 PM The following entries are hypothetical and intended to illustrate the initial recording‚ and subsequent ‘release’ and ‘capitalization’ of line costs. a. Prepare a journal entry to record $3‚500 million of estimated line costs for quarter 1. DR - Accrued Line cost $3‚500 CR - Cash and Cash Equivalents $3‚500 b. Assume that you find out in quarter 2 that the prior quarter’s estimate was too large by $100 million. Prepare the necessary journal entry
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problems. Enron also was not reporting the revenue for service correctly and his stock was paid by promissory notes and not by cash like most business operates. 3. Did Enron’s directors understand how profits were being made in this segment? Why or Why not? * No‚ I don’t think they knew what was going on with Enron’s business because I believe he kept what he was doing to himself so no one would find out how he was operating the business. 5. Ken Lay was the chair of the board
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