ENRON Enron shocked the world from being “America’s most innovative company” to America ’s biggest corporate bankruptcy at its time. At its peak‚ Enron was America ’s seventh largest corporation. Enron gave the illusion that it was a steady company with good revenue but that was not the case‚ a large part of Enron’s profits were made of paper. This was made possible by masterfully designed accounting and morally questionable acts by traders and executives. Deep debt and surfacing information about
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‘Marrysong’ by Dennis Scott Born in Kingston‚ Jamaica‚ Dennis Scott was a Jamaican poet‚ playwright and actor. One of his most notable works of poetry is ‘Marrysong’. Scott was one of the most prestigious poets after the independence period of Jamaica‚ with his poem ‘Uncle Time’ for which he received the notable title of being one of the most influential poets of modern Jamaican literature. Referring to his wife as ‘territory’ – Scott indicates that he must discover this territory‚ with this
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The effects of Internal/External Factors on WorldCom Learning Team A MGT330 November 9‚ 2010 The Effects of Internal/External Factors on WorldCom Over the years the world has seen many corporate disasters pertaining to management. One of these disasters has been the rise and fall of WorldCom. From the beginning of WorldCom in 1983 as an obscure long distance company‚ the world watched as the company executed an aggressive
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Question 1 At the time Cynthia Cooper discovered the accounting fraud‚ WorldCom did not have a whistle-blower hotline process in place. Instead‚ Cynthia took on significant risks when she stepped over Scott Sullivan’s head and notified the audit committee chairman of her findings. Discuss the key criteria for the operation of an effective corporate whistle-blower hotline. Be sure to highlight potential pitfalls that should be avoided and reference professional codes‚ legislation and academic
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Chapter 23—“Dennis” 1) Ruth says‚ “I stayed on the black side because that was the only place I COULD stay…With whites it was no question. You weren’t accepted to be with a black man and that was that” (232). I think she felt the only place where she felt real love was with African American people and that’s why she stayed with the black man. She wanted to be different and she didn’t want to be like everybody else. She wanted to feel unique like her mother and be different. She doesn’t
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Dennis the Menace Report In the movie Dennis the Menace‚ there are many different age groups represented; childhood‚ adolescence‚ adulthood‚ and older adulthood. During childhood‚ children are carefree‚ fearless‚ talkative‚ curious‚ and playful. In adolescence‚ teens are faced with many important responsibilities and decisions. They start to become more mature and become interested in the opposite sex and sexual actions. When you enter into the adulthood and older adulthood world then you are
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Enron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm‚ uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in the
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Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
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Wk2 Assignment: The Enron and WorldCom Scandals Student Name ACC/260 Date Instructors Name[Page Break] 1. Which segment of its operations got Enron into difficulties? The guaranteed loans that were intended to bridge the financing for investments from outside investors that could not be found would be the segment of operations that caused Enron difficulties. 2. Did Enron’s directors understand how profits were being made in this segment
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computer science been chosen by me as to remember the achievement that being done by him for this world and as to remember that he just passed away on 8th October 2011 but haven’t got the appreciation for what he has done. Rest in peace‚ Dennis Ritchie. Background Dennis MacAlistair Ritchie was born in Bronxville‚ New York‚ on September 9‚ 1941‚ and grew up in New Jersey‚ where his father‚ Alistair Ritchie‚ worked as a switching systems engineer for Bell Laboratories. His mother‚ Jean McGee Ritchie
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