When I cook it’s like having a big day. Cooking just relaxes me‚ it’s easy and stress free. Preparing dishes’‚ I’m familiar with are the ones I like to cook most. Finding what to cook is basically easy‚ because I cook for the same people daily. Cooking for the same crowd adds to my joy in cooking. Knowing my like and dislikes give me joy‚ because I know what is going to satisfy their taste buds. My family’s satisfaction only adds to my joy of cooking all that much more. I base my decision on what to
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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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Introduction WorldCom was America ’s second largest telecom company in 2000 (The WorldCom Accounting Scandal‚ 2002). Making a modest beginning in the hinterland of Mississippi in 1983 with a meager capital of less than 100‚000 USD it reached the pinnacle of corporate success reporting more than USD 39 billion in revenue and USD 150 million in MCAP (The WorldCom Accounting Scandal‚ 2002). In the process it became 42nd in the Fortune 500 list. Under the leadership of CEO Bernie Ebbers it grew rapidly
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Information History Thomas Cook is the world’s best-known name in travel. • Thomas Cook started organising leisure trips in the summer of 1841 when its founder‚ who gave his name to the company‚ organised a successful one-day rail excursion at a shilling a head from Leicester to Loughborough. • During the next three summers Mr Cook arranged a succession of trips‚ taking passengers on trips to the midland towns of Leicester‚ Nottingham‚ Derby and Birmingham. Four years later‚ he organised
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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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1.0 INTRODUCTION Cook-chill and cook-freeze food productions are ways of producing foods that have been employed by many different organizations determining from the types of foods and services that the particular organization offers. These types of cooking methods work hand-in-hand with the kitchen designs. Kitchen design refers to the layout of kitchen equipment and positions of the working sections to produce foods that meet the needs of customers and thereby reaching the goals of the establishment
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Thomas Cook Thomas Cook‚ one of the market leaders in the UK travel sector has reported that the company’s performance remains disappointing. Also‚ the company announced 2‚800 jobs loss and may reach 15% of company’s staff due to the merger with MyTravel which will result in cost savings of £2.8bn and it is thought to achieve over £94.8m predicted in the merger. The firm also assured that it will support many affected employees and will offer redeployment within the company. As the holiday
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To Write as a Cook Having a college writing class with the theme of Food for Thought‚ I am exposed to many different ideas of the food subject. I found that writing is like cooking. They both are a long process. However‚ I have gained a lot from the process of cooking‚ as well as writing. To create an essay is just like to create a dish: creativity and patience are always required. To me‚ writing is a difficult task to accomplish‚ for I do not have the sense of imagination and humor that a
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helped provide a cover for misuse of funds regarding the SPEs. Future revenue was reported as current revenue. Stocks were paid with promissory notes instead of cash. They also engaged in off-the-books activities and excessive executive compensation. Enron’s board of directors allowed the executives‚ accountants and legal department to use Special Purpose Entities (SPEs)‚ a type of partnership‚ in an attempt to camouflage their debt and create a façade of financial stability (Brooks‚ 2007).
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Wan-Ting Shao * Ananya Chandra * Niteesh Chinta * Shraddha Rane * Swathi Punreddy The Rise and fall of WorldCom This case study WorldCom is a telecommunications company which was led by CEO‚ Bernard Ebbers‚ and CFO‚ Scott Sullivan. In 1999‚ WorldCom was not meeting Wall Street’s revenue and earnings expectations‚ and it appeared that the coming year would produce more bad news. The CFO argued for setting realistic targets.
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