WorldCom was the second largest telecommunications corporation in the United States. After thriving in a multi-million dollar business they were forced to close their doors. The reason were practices unethical and fraudulent activities which lead to exposing the business. WorldCom was one of the largest accounting fraud scandals in corporate history. WorldCom had to file for bankruptcy after the organization admitted to accounting fraud. How this came up was a long and drawn out investigation
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United Thermostatic Controls ETH 376 June 25‚ 2012 Susan Paris United Thermostatic Controls This paper will show the legality of the activities that happened within United Thermostatic Controls based on federal‚ state‚ and local laws. As this case is examined the Sarbanes-Oxley act will be discussed as it played a role in this case because United is a publicly owned company. Also this paper will show the ethicality‚ if the activities were equitable to internal and external stakeholders
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Due Date: Day 4 [Main] forum • Read the four scenarios under “Getting Started‚” on page 311 in Business and Administrative Communication (7th ed.). • Choose one of the four scenarios. • Post your response to this question: Identify one or more ways that the cultural differences in the scenario you choose may be leading to miscommunication. How would you resolve these differences? Getting Started 11.1 Identifying Sources of Miscommunication In each of the following situations‚ identify
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Week 5 Reflections Robert Blackwell‚ Antonio Moorer‚ Valarie Oudkerk‚ Brittany Rowe‚ and Michael Smith QNT 561 May 13‚ 13 Gerald Heidt Learning Team Reflection This week‚ we were introduced to the null and alternative hypothesizes. In doing this we were given examples of how to compare two populations by using confidence intervals in order to test the hypothesis. Team A was also introduced to how we can apply these methods to problems more applicable to our professional careers‚ when two
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Week Five Reflection Paper Team B will reflect on why it is important for management as well as investors and creditors to understand the current and long-term liabilities. What makes it important to disclose contingencies as well as how do operating and capital leases relate to liabilities. It is important for managers to know what the company has as current or long-term liabilities because if they are not aware of what the funds look like they cannot affectively run the company. This knowledge
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This document contains ETH 376 Week 4 Individual Assignment Legality and Ethicality of Corporate Governance General Questions - General General Questions Resource: Case 3-3‚ United Thermostatic Controls in Ch. 3 of Ethical Obligations and Decision Making in Accounting Determine the legality of the activities based on federal‚ state‚ and local laws. Determine the criteria by which Sarbanes-Oxley would apply to this case. Determine the ethicality of the activities. Consider
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Religious and Ethnic Discrimination Religious Group: Buddhism Buddhists are different from most other religions and many ways‚ but one difference stands out above the others. Buddhism does not worship a specific god. Many people argue that Buddhism is more a philosophy than a religion. The main objective of Buddhist followers is enlightenment and/or liberation from Samsara (the wheel of life) instead of going to a heaven (Eng‚ 2013). The Dalai Lama‚ the leader of the Buddhist religion
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Legality and Ethicality of Corporate Governance The United Thermostatic Controls Company is a publicly owned company that manufactures and markets residential and commercial thermostats. As a publicly owned corporation‚ United Thermostatic Controls mutual stocks be listed and traded on the New York Stock Exchange. Frank Campbell is the director of the Southern sales division; however the Southern sales regional economics getting worse‚ the pressure to achieve sales revenue targets has created
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Standard Based Decision making Audit opinion To receive a compliant with Generally Accepted Auditing Standards (GAAS) it is required for Green and Associates to decide that the accounting activities indicate that there are or are not material misstatements compared to the financial report in the fiscal year and risk assessment problems in regarding the internal control methods are sufficient. Forevermore‚ the fact that Green was not provided the chance to review internal controls. Green cannot
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Reflection Summary Assignment Name ACC 291 / Principles of Accounting II Date Instructor Name Identify the entries associated with acquisition‚ disposal‚ and sales of plant assets. Recording of the acquisition of plant assets is important so the company can track their asset and asset depreciation. The textbook explains the cost principle‚ “…requires that companies record plant assets at cost." When the employee handling the accounting records the entry
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